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Dubai Studio City Free Zone: Empowering the Entertainment Industry in 2024

By Kuldeep Kumar

14-Nov-2024 0

The Dubai Studio City Free Zone, launched in 2005, is one of the best capitalised and various media-driven initiatives that were taken by the Dubai Holding Subsidiary TECOM Investments. Also, it provides you with the best combo of talent, dynamic business environment, and infrastructure, which overall provides the growth opportunity of broadcast, movies, music production companies, television, etc. in the Middle Eastern Areas.

It is grounded over 22 million sq. ft. featuring sound stages, warehouses, ore-built studios, office spaces, workshops, the latest satellite communication facilities, the stage areas, etc. We already know that Dubai is the one that attracts zillions of eyeballs, so this city hosts the annual Dubai Global Movie Festival, which started in 2004. It provides all the services to the producers, crews, and filmmakers and allows for hustle-free filming in Dubai.

Benefits of Setting Up Business in the Dubai Studio City (DSC) Free Zone:

100% return on the profits and the capital investments of the business.
Zero income tax.
There is no restriction on the currency.
Zero Corporate Tax
100% foreign ownership.
Zero trade barriers and quotas.
Top-notch technological usage.
The amazing residential areas and the schools for the families of the ex-pats.
The best services are for media companies.

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What are the activities held in Dubai Studio City (DSC), Free Zone?

Broadcast Service
Animation
TV Network-Satellite
IP Streaming
Film Support Services
Music and Entertainment
Themed Recreational and Amusement Activities.
Production (TV, Radio, Film)

What are the activities held in Dubai Studio City (DSC), Free Zone?

Freelancer
Branch Office
Free Zone Limited Liability Company (FZ-LLC)

What is the procedure for setting up a business in Dubai Studio City (DSC), Free Zone?

First, you need to submit the application for approval.
Then you have to submit the legal documents for the company registrations.
After the submission of the legal documents, you have to sign and then return the customer confirmation letter, and then you have to make the payment.
After this you need to sign the MAA (Memorandum and Articles of Association).
Then you have to deposit the share capital of the company.
Then you have to sign the lease agreement and the personnel sponsorship agreement.
Then you have to pay the fees and finally collect your licence to work in the free zone.

What are the documents required to set up a business in the Dubai Studio City (DSC) Free Zone?

The application for the licence.
The original resolution is on plain paper and then you need to attach two copies, which have to mention and clearly state:

- The call for the establishment of an FZ-LLC or branch in Dubai Studio City.
- Indication of the paid-up capital and the share allocation between all your shareholders.
- The appointing manager and the assigning power of the attorney for those managers and the directors (if it is applicable).
- The appointment of the directors, if that is applicable.

The business plan copy.
The copies of the valid passports of the shareholders, directors, negotiator, legal representative, if that is applicable in the case, and manager.
The original bank reference letter for each shareholder clearly confirms the following points:

- What type of account is it, and for how long has it been active?
- Mentioning that the account has been conducted to the bank’s satisfaction.

Then you need to attach a specimen of the signatures of the manager, negotiators or legal representative if that is applicable, the shareholder, and the directors.

What are the licence fees in the Dubai Studio City (DSC) Free Zone?

Registration Fees: 3500 AED
Broadcasting (TV and Radio Network): 40,000 AED.
Broadcasting (TV and Radio Station): 25,000 AED.
Others: 3,500 AED

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Why should you set up your business in the Dubai Studio City (DSC) Free Zone?

The DSC hosts different offices and amazing studios of all the filmmakers, like Film Studio City, Tarteeb Media, The Goldmine Films, VST Music, Logic Creative, Take One Dubai, and many more as well. It is the most effective way for Dubai's vision to cultivate innovation and creativity and it also provides equal opportunities to newbies as well as budding filmmakers. And this is exactly what makes the DCS Free Zone super and unique as well.

So, this was all about the Dubai Studio City Free Zone (DSC) in Dubai, which is also one of the best free zones there. So, grab your knowledge and plan well before you go to the establishment.

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Conclusion

The Dubai Studio City Free Zone plays a pivotal role in empowering the entertainment industry in Dubai in 2024. With its world-class infrastructure, business support services, and industry-specific benefits, the free zone provides an ideal platform for media production companies, broadcasters, and creative professionals to thrive. By fostering creativity, facilitating collaboration, and offering a favourable business environment, Dubai Studio City Free Zone continues to support the growth and success of Dubai's film and entertainment industries.