Dubai Studio City Free Zone Business Setup | DSC Company Formation

Page 1


Dubai Studio City Free Zone Business Setup Dubai Studio City (DSC) is a global hub for production,

broadcasting, and entertainment. It is home to world-class production facilities and studios. It has the largest sound stage in the Middle East and has supported some of the

major cinema projects. It houses more than 275 companies with

2,800+

professionals

and

has

state-of-the-art

infrastructure. It provides licenses for production and

broadcasting.


Types of Business Structures in DSC Branch office of a UAE Company

Freelance Permit

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

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

Free Zone Limited Liability Company

Branch office of a Foreign Company

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

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


Benefits of company formation at Dubai Studio City 1.

Zero income tax

2.

No currency restrictions

3.

100% foreign ownership of the business

4.

100% repatriation of capital and profits

5.

No custom duties


Benefits of company formation at Dubai Studio City 6.

No trade barriers and quotas

7.

Low operations costs

8.

First-class infrastructure

9.

First-class support services

10.

Best amenities for media companies


Documents required for registration at Dubai Studio City 1. Application for license

2. Original resolution on plain paper, with two copies concerning the following:

• Establishment of an FZ-LLC/branch in the Dubai Studio City Free Zone • Appointing manager and assignment of power of

attorney for manager and directors (if applicable) • Indicating

paid-up

capital

and

share

between the shareholders • Appointment of directors (if applicable)

allocation


Documents required for registration at Dubai Studio City 3. Copy of business plan

4. Valid passport copy of : • The manager

• The shareholders and directors • The negotiator/legal representative, if applicable


Documents required for registration at Dubai Studio City 5. Original bank reference letter for each shareholder, which

confirms the following: • Type of account along with information on how long it

has been active • That the account has been operated to the bank’s satisfaction


Documents required for registration at Dubai Studio City 6. Specimen signature of the

• Manager • Shareholders/Directors • Negotiator/Legal representative, if applicable


Guidelines for submission of documents at Dubai Studio City 1. All the legal documents that are more than one page in length are to be sealed under the Power of Attorney, and need the passport copy of the attorney is required to be

attached.

2. The authority may request extra documents as it may deem fit.

3. The Dubai Studio City authority has the right to ask for extra attestation by the UAE

Embassy or the other Embassies, as may be necessary.


Guidelines for submission of documents at Dubai Studio City 4. Power of Attorney and/or Board Resolution for the manager, which must state

the manager’s full name as per passport, including the nationality and a valid passport number.

5. The legal documents are required to be drafted in Arabic and/or English. Documents that are in any other language must be accompanied by a certified

English or Arabic translation.


Business setup procedure at Dubai Studio City 1. Submission of the application for approval (Company registration application,

license application, business plan, and coloured copy of passport)

2. Submission of legal documents for the registration of the company

3. Signing and returning the Customer Confirmation Letter and making the payment

4. Memorandum of association and articles of association signing


Business setup procedure at Dubai Studio City 5. Depositing share capital

6. Signing of the lease and the personnel sponsorship agreement

7. Payment of fees and collection of the license


Commercial Spaces Multiple flexible and strategically located offices are available.

Facilities

Co-working Spaces Fully integrated and ready-to-use space suiting everyone.

Boutique Studios Offices and attached studios that are a great fit for production companies.


In5 Innovation platform for all start-ups, design, and tech companies.

Facilities

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

Retail A number of dynamic retail options available.


Light Industrial Units Strategic and multi-purpose units are available.

Facilities

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

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


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

Facilities


Frequently Asked Questions Is the import and export of goods allowed in Dubai Studio City? Yes, import and export of goods is allowed.

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

Are there minimum share capital requirements at DSC? Yes, there are but not for setting up a branch company.

Is a residency visa issued at Dubai Studio City? Yes, residency visas are issued.


Dubai Studio City Company Formation N R Doshi & Partners Working experience of 34 years and a growing team of professionals enables us to help

you with the company formation in Dubai Studio City. We assist our clients in the best possible manner and help them to set up their business free of any hassles.

We provide our clients with accurate information about the free zone facilities and benefits and the process of setting up a company. We help in cost estimation so that our clients can

plan the expenses and make decisions accordingly. We help in obtaining all necessary documents and help our clients through the entire setup process.


THANKS FOR WATCHING !!!


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.