The media and entertainment industry play a key role in influencing how we see things. In the UAE, the Dubai Studio City free zone established by the TECOM group offers a platform to showcase your skills, talent and creativity. The freezone was launched to cater to the needs of the showbiz sector by providing a positive setting for media companies, production houses and all kinds of filmmakers.
The media industry in Dubai generates plenty of revenue and provides jobs to numerous individuals. Entering the industry is a great opportunity to showcase your talent to the world while also generating profits.
Wondering how to establish a company in the Dubai Studio City (DSC) free zone? Read on to understand details such as benefits, available legal structures, documentation and the incorporation process.
Why Should you Invest in Dubai Studio City Free Zone?
If you are into the entertainment field, then establishing your company in the DSC freezone should be your priority. The business park not only caters to all production needs but also ensures that you can benefit from business-friendly policies.
By setting up a business in the free zone, benefits such as fast internet access, good amenities, tax incentives, complete ownership, and no customs duty can be enjoyed.
Additionally, you will also be close to various media professionals enabling you to learn and grow in the field. The authorities also provide a range of media and entertainment-related licenses, enabling you to engage in various business activities.
Business Activities Allowed in Dubai Studio City Free Zone
The list of activities permitted in the TECOM free zone is listed below:
- Music Industry - You can engage in activities such as creating and promoting music.
- Animated Content - Some of the opportunities in this field include creating engaging educational videos, developing animated series for children, producing marketing content for brands, and designing visual effects for films and video games.
- Radio and Online Streaming - This business activity includes broadcasting music, news, and entertainment content through radio channels and digital platforms. It also involves creating podcasts, live shows, and more.
- Media Distribution - This business activity involves supplying content to your target audience through platforms such as OTT and social media.
- Film Support Services - Scouting for appropriate locations, hiring staff and equipment, handling accommodation and transportation fall under this activity.
- Production - It involves activities like pre-production, production and post-production with regard to creating films, shows, and ads.
What Legal Structures are Available in the Dubai Studio City Free Zone?
The DSC free zone allows media professionals to choose between three types of business structures. These structures are - Freezone Limited Liability Company (FZ-LLC), branch office, and sole proprietorship. You can also operate as a freelancer in the TECOM free zone.
How to Start a Company in Dubai Studio City Free Zone?
To ensure successful Dubai Freezone company formation, you must follow the steps mentioned below -
- Select a business activity that is to be conducted in the DSC FZ.
- Choose any one of the available business structures to establish the company in the freezone.
- Apply for the trade license by preparing certain documents and submitting them to the Dubai Studio City Free Zone Authority along with the application form.
- You must secure additional approvals or permits from the authorities if required. These permits are issued based on the requirements for conducting business activities.
- Open a corporate bank account in Dubai. Commitbiz has ties with many top banks in the city and will gladly assist you with the process.
Documents Required to Establish a Company in the DSC Free Zone
Some of the documents that must be submitted to secure a license and register the company in DSC are -
- Passport and visa copies of all shareholders and directors
- Verification letter from the bank
- Details of capital distribution
- Copy of business plan
What is the Cost of Setting Up a Company in Dubai Studio City?
Some of the costs associated with business setup in the DSC freezone involve license and registration fees, office rent, and the amount paid to the service provider.
If you are interested in joining the showbiz sector, then establishing a company in the Dubai Studio City Freezone can be an option. Reach out to experts from Commitbiz, who can guide you through the process of incorporating the business and understanding the details of DSC FZ.
What is the minimum capital requirement to start a company in the Dubai Studio City Free Zone?
There is no minimum capital requirement to start a company in the Dubai Studio City free zone.
Where can business operations be conducted to establish a company in the DSC freezone?
You can conduct business operations across the world without any restrictions.
What are the specific regulations that must be followed while hiring foreign employees?
You will need to sponsor visas for the employees and follow the employee regulations set by the government.