Dubai Studio City Free Zone – Company Formation
Dubai Studio City – start your business in Dubai Studio City free zone without any hassle and hidden cost. Contact Shuraa Business Setup for more details.
Launched in 2005, Dubai Studio City (DSC) free zone is part of the several media driven initiatives by TECOM investments. The jurisdiction showcases a business community with cutting-edge technologies and production oriented commercial space.
Moreover, the Dubai Studio City harbours several local as well as international media companies based in the UAE. The DSC free zone was established with the objective to empower the region’s film industry. It also aims to promote the international movie production companies to be a part of this global initiative.
In addition, it serves as an ideal location for mega production companies. This is because it houses several renowned offices and studios of well-known filmmakers. Nevertheless, following Dubai’s vision and mission to focus on innovation, this free zone provides equal opportunities to filmmakers to outlet their creativity.
Benefits of company formation in DSC
The various benefits of starting a company in Dubai Studio City free zone are as follows:
- 100% foreign ownership
- World-class facilities for media companies
- Full profit repatriation
- 0% corporate tax
- 0% import or export tax
- Strategic location
- Flexible options for offices
- Global connectivity
- Time-efficient and simple registration process
Types of legal formation permitted
- Free Zone Limited Liability Company (FZ LLC)
- Branch Office
Licenses offered by Dubai Studio City
The following licenses are offered at the jurisdiction:
- Commercial license
- Freelance permit
It costs approximately AED 48,000 to obtain your license in the DSC free zone. The cost also includes visa and rent prices. It also only takes about a week to obtain your license.
Business activities permitted in DSC free zone
- Broadcast services
- Radio station-satellite
- Film support service
- IP streaming
- Music and entertainment
- TV network-satellite
- Production (TV, film, and radio)
- Themed amusement and recreational activities
Facilities offered in DSC free zone
- Commercial spaces
- Co-working spaces
- Boutique studios
- Light industrial units
- Production offices
- Sound stages
Dubai Studio City license renewal
The renewal process for businesses in the DSC free zone is a highly cost-effective and simple process. You will be required to submit an audit report, starting from the second renewal of your company, on an annual basis.
In order to complete the process of renewal for your company, you will need to pay the renewal fee and submit the signed lease agreement for your facility. However, an advantage is that your physical presence in the UAE isn’t required for renewal and can be completed through an agent.
Company liquidation in DSC free zone
Similar to renewal, company liquidation also does not need the physical presence of the owner and can be accomplished through an agent. However, you will be required to pay a government fee to complete the liquidation process.
Company liquidation takes about 1 month to be completed and involves the following steps:
- Cancellation of visas
- Termination of lease agreement
- Closure of bank account
To find out more about the various options for business set up in Dubai Studio City, contact Shuraa — one of the best business setup companies in Dubai.
Shuraa will help you guide you and ensure that the entire process of obtaining your license runs smoothly. Shuraa has been one of the leading business setup companies in the UAE for over 20 years. Furthermore, our goal is to help entrepreneurs build a foundation in the UAE’s thriving economy, from start to finish.
To get started on your business journey and find out more, contact our expert consultants at +97144081900 or send a WhatsApp message to +971507775554. You can also drop in an email at email@example.com and get your queries answered in no time.
Frequently asked questions about Dubai Studio City:
The difference between free zone and mainland is that companies incorporated on mainland are licensed by the Department of Economic Development (DED) in the emirate where it has been formed. Additionally, mainland companies can also conduct their business locally and internationally without any restrictions.
On the other hand, free zone companies are incorporated and licensed by the jurisdictions where the company is formed. They have their own set of rules and regulations. They can conduct business anywhere in the UAE free zones and/or internationally.
However, Business to business activities can be conducted anywhere within the UAE.
Yes, your company is allowed to become a shareholder of another free zone company. This is applicable to TECOM as well as other free zones in the UAE.
Yes, you can renew your license remotely using a registered agent with just an authorization letter and renewal fees.
It takes less than a week to get your license to start your business in the DSC free zone.
No, you have 100 % ownership and do not require to have a local partner to start your company.
It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone.
If you want to have your company in a different free zone, you will be required to liquidate your company in the current free zone and then open your company in a different free zone.
Free zone companies are permitted to open their branch companies on mainland. In order to accomplish this, the investor needs to register his branch using the same trade name with the Department of Economic Development (DED) and Ministry of Economy. The branch company can be solely owned by the free zone entity.