COMPANY SETUP IN DUBAI STUDIO CITY
In 2005, TECOM Investments, a subsidiary of Dubai Holdings, launched Dubai Studio City (DSC), which has since become a thriving hub for media-centric businesses. DSC Free Zone is an important part of the media landscape since it was thoughtfully created to foster the development of businesses related to filmmaking, radio and television broadcasting, and the creation of music.
Its arrival ushered in a fertile environment for business, a pool of skilled workers, and a well-thought-out system of support for these industries. DSC’s 22 million square feet are home to a whole production ecosystem, including studios, workshops, warehouses, cutting-edge satellite communication facilities, offices, and performance venues.
Benefits Of Dubai Studio City
- Dubai’s magnetic artistic appeal pulls in creative types from all over the world, making it a wonderful place for artists to set up shop. Since 2004, Dubai has hosted the Dubai Global Film Festival, which has served to increase the city’s appeal among the filmmaking and artistic communities. By providing everything they need in one place, DSC makes the filmmaking process easier on directors, producers, and crews.
- Varied Authorizations include the following: animation; film support services; broadcasting; radio; television; film production; music; entertainment; satellite radio; internet protocol (IP) streaming; themed amusement and recreation; and television (TV) network (satellite).
- Various Authorized Parties
- The framework is flexible enough to support a wide variety of company structures, such as satellite locations, FZ-LLCs, and independent contractors.
- Sturdy Buildings and Systems
- DSC offers a wide variety of services and amenities inside its vast space, including state-of-the-art satellite connection infrastructure in addition to pre-built studios, stages, warehouses, and backlots. It’s an open invitation to production studios and media outlets all over the world, encouraging productive partnerships.
- Tax breaks and government aid: With DSC’s generous incentives, like as full company ownership and a 50-year tax holiday, the economic climate is favorable. The government of the United Arab Emirates (UAE) provides overarching assistance in the form of access to a network, organization of venues, and development of existing sectors.
Advantages of Dubai Studio City
- Cost-Effective Initiatives:
- DSC Free Zone provides reasonably priced licensing packages, leveling the playing field for both large corporations and small businesses.
- For individuals just starting out, a flexible desk package is a great way to encourage growth and change.
- DSC Free Zone encourages a cooperative spirit by placing its tenants in close proximity to media giants like BCC, CNN, and Reuters.
- To entice major players, the Free Zone allows them to apply for and receive several visas depending on the size of their offices.
- Sponsoring Dependents: Sponsorship of dependent visa applications is streamlined and in line with standard visa application procedures.
Dubai Studio City Free Zone’s business setup procedure is similar to that of other free zones in the region.
How to Setup Company In Dubai Studio City
- Submit and approve an application to begin the incorporation procedure.
- To formally register a company, one must first submit the necessary legal documents for doing so.
- Payment and Confirmation: send the customer confirmation letter back to the company along with the executed payment to complete the procedure.
- The Articles of Association and the Memorandum of Association (MOA, AOA) to be signed to establish the company’s legal standing.
- Capital Deposit: Make a share capital deposit to satisfy capital requirements.
- Signing the lease and personal sponsorship agreement is a great way to make a permanent mark.
- Reach the destination by paying any outstanding fines and getting your hands on that desired license.
The Free Zone of Dubai Studio City has become a vibrant center that resounds with creativity, innovation, and foresight, providing a fertile environment for a wide range of media-based businesses to thrive and rewrite the global creative story.
