Business Setup in Dubai Studio City Free Zone | DSC Company Formation

Business Setup in Dubai Studio City Free Zone
Business Setup in Dubai Studio City Free Zone

Dubai Studio City (DSC) is significantly a global hub for production, broadcasting, and entertainment. It is home to world-class production facilities as well as studios. It also has the largest sound stage in the Middle East and has supported some of the major cinema projects. Here houses are more than 275 companies with 2,800+ professionals and have state-of-the-art infrastructure. It, therefore, provides licenses for production and broadcasting.

Structures of Business Setup in Dubai Studio City

Following are the various types of business structures available in the Dubai Studio City Freezone include:  

1) Free Zone Limited Liability Company

It is a wholly-owned company or an independent legal entity where at least one director is required. 

2) Branch office of a UAE Company

It conducts operations of the parent company’s business, as well as it is not treated as a separate legal entity. 

3) Branch office of a Foreign Company

With no minimum share capital prerequisites, it is 51% locally owned.

4) Freelance Permit

This gives an individual the liberty to operate as a freelance professional.

Benefits of Business Setup at Dubai Studio City 

Following are the benefits offered by the Dubai Studio City in regards to the business setup:

  • Zero income tax
  • No currency restrictions
  • 100% foreign ownership of the business
  • 100% repatriation of capital as well as profits
  • No custom duties
  • No trade barriers as well as quotas
  • Low operations costs
  • First-class infrastructure
  • First-class support services
  • Best amenities for media companies 

Documents Required for Company Formation in Dubai Studio City 

Following are the process of documents required for the business setup in Dubai Studio City Free Zone:

  • Application for license 
  • Original resolution on plain paper, with two copies concerning the following: 
    1. Establishment of an FZ-LLC/branch in the Dubai Studio City Free Zone
    2. Appointing manager and assignment of power of attorney for manager as well as directors (if applicable)
    3. Indicating paid-up capital as well as share allocation between the shareholders
    4. Appointment of directors (if applicable)
  • Copy of business plan 
  • Valid passport copy of
    1. The manager
    2. The shareholders as well as directors
    3. The negotiator/legal representative, if applicable
  • Original bank reference letter for each shareholder, which confirms the following:
    1. Type of account along with information on how long it has been active
    2. That the account has to be in operation to the bank’s satisfaction
  • Specimen signature of the
    1. Manager
    2. Shareholders/Directors
    3. Negotiator/Legal representative, if applicable

Guidelines for Submission of Documents at Dubai Studio City 

Following are the guidelines that the applicant must keep in mind for the submission of Business Setup legal documents: 

  • All the legal documents that are more than one page in length are to be sealed under the Power of the Attorney, as well as need the passport copy of the attorney is required to be attached.
  • The authority may therefore request extra documents as it may deem fit.
  • The Dubai Studio City Freezone authority certainly has the right to ask for extra attestation by the UAE Embassy or the other Embassies, as may be necessary.
  • Power of Attorney and/or Board Resolution for the manager, which must state the manager’s full name as per passport, including the nationality as well as a valid passport number.
Business Setup in Dubai Studio City Free Zone
  • The legal documents are to be drafted in Arabic as well as/or English. Documents that are in any other language must be significantly accompanied by a certified English or Arabic translation.

NR Doshi & Partners has a key and thorough analysis of Business Setup Services in Dubai. These business services help business firms in Dubai to achieve optimum utilization of their resources in the target market.

Business Setup Procedure at Dubai Studio City Freezone

The procedure to set up a business in DSC includes the following steps: 

  • Submission of the application for approval (Company registration application, license application, business plan, as well as a colored copy of passport).
  • Submission of legal documents for the registration of the company.
  • Signing and returning the Customer Confirmation Letter as well as making the payment.
  • Memorandum of association as well as articles of association signing.
  • Depositing share capital.
  • Signing of the lease as well as the personnel sponsorship agreement.
  • Payment of fees as well as a collection of the license.
Dubai Studio City

Facilities of Business setup in Dubai Studio City

Dubai Studio City provides the following facilities: 

1) Commercial Spaces:

Multiple flexible, as well as strategically located offices, are available.

2) Co-working Spaces:

A fully integrated as well as ready-to-use space suits everyone.

3) Boutique Spaces:

Offices and attach studios that are a great fit for production companies.

4) In5:

Innovation platform for all start-ups, design, and tech companies.

5) Go Freelance:

Easy place to start a freelancing career in education, media, or technology.

6) Retail:

A number of dynamic retail options are available.

7) Light Industrial Units:

Strategic, as well as multi-purpose units, are available.

8) Sound Storages:

Multiple types of sophisticated sound stages are available, along with Green rooms and spaces for the audition, meetings, and many more.

9) Warehouses:

Multi-purpose warehouses are available with a well-built infrastructure.

10) Others:

Spaces are available for exhibitions, meetings, workshops, training, conferences, dinners, concerts, events, promotions, film shoots, as well as many more.

NR Doshi & Partners has a specialization in the different areas of Business Setup Services in Dubai. These services can be rendered in all the different formation areas such as offshore company formation in Dubai, mainland company formation in DubaiFreezone Company Setup in Dubai, and also in LLC Company Formation in Dubai.

Frequently Asked Questions 

1. Is the import and export of goods allowed in Dubai Studio City?

Yes, import and export of goods is allowed. 

2. Are there minimum share capital requirements at DSC? 

Yes, there are but not for setting up a branch company. 

3. Is a corporate shareholder allowed? 

Yes, a corporate shareholder is allowed, but it is important to note that a corporate director is not allowed. 

4. Is a residency visa issued at Dubai Studio City?

Yes, residency visas are issued. 

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