Dubai Studio City
Dubai Studio City: To facilitate the creation and development of an environment and world-class infrastructure to foster the growth of the television, film and music industries in the region.
To compel best-in-class audio visual media companies to establish in Dubai by providing world-class internationally benchmarked infrastructure, talent and services.
Designed to accelerate the growth of the broadcast, film, television and music production industries, Dubai Studio City (DSC) will be an ultra-modern facility integrating every component of content production & broadcast under one roof. Spread across 22 million sq.ft., it will include production, post-production, broadcast, equipment rental, freelancers, commercial offices, business centre and satellite facilities among others.
It will also have residential areas, hotels, an entertainment centre, film schools and training institutes. This unique combination of world-class infrastructure, qualified professionals and unique networking environment will make it the ideal location for creative people to unleash their imagination.
Imagine a place where you can shoot a film from start to finish in one location. From financing to casting to pre-production to filming in exotic locations to editing to sound recording to visual animation to processing to distribution and finally to the premiere night. Imagine a place like Dubai Studio City.
Launched in 2005, Dubai Studio City (DSC) is a global business community that provides cutting-edge facilities and services to companies across the broadcasting, film production, TV, music, and entertainment sectors. Dubai Studio City provides an all-in-one solution to facilitate an easy, efficient and innovative production process. DSC meets worldwide creative needs by offering outstanding production services, the largest Sound Stages in the region, backlots, sets, water tanks, production offices, recording studios and offices.
Designed to accelerate the expansion of the film and broadcasting industry and spread across 22 million sq.ft, DSC strives to become a Hollywood type of service provider and a full community area with residential buildings, hotels, leisure centres, schools and training institutes.
Types of formations:
1. Free Zone limited liability company (FZ-LLC):
A FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or Corporates.
The minimum capital requirement for incorporation depends on the business activity.
2. Branch of a foreign/UAE company:
A branch is not a legal entity separate from its parent. It is considered a place of business that forms a legally dependent part of the parent company. It conducts all or some of the operations inherent in the parent’s business. Share capital is not required.
3. Freelance permit:
The Freelance permit offers the ability to operate as a freelance professional. The permit identifies you as a sole practitioner. It enables you to conduct your business in your birth name as opposed to a brand name.
Types of licenses issued: Production & Broadcasting
Business benefits in Dubai Studio City:
- Guaranteed 50-year exemption from personal, income and corporate taxes
- No customs duty
- Comparatively lower operating costs
- Opportunity to channel the vast amount of untapped wealth from local investors for project finance and long-term investment
- Channel development opportunities
- 100% business ownership
Need for Audit
An audit of the company will not only help provide the information about the current scenario of the company but will also help to reduce any wrongdoings. Audit services will improve the efficiency and profitability of the company in the free zone. The company will be better able to utilize its resources and will be more productive.
In Dubai Studio City, it is necessary for a company which has been registered in the free zone to provide its audited financial report annually. It should also be kept in mind that only an auditor or auditing firm which has been approved by the management of the Dubai Studio City free zone is allowed to conduct any audit in the region. Thus it is recommended that you avail the services of an approved auditor or an approved auditing firm.
If you want to conduct an audit of your company which is established in the free zone, it is recommended that you avail the services which are provided by ALYA Auditors Chartered Accountants. ALYA is an accounting and auditing firm which is approved by the management of the Dubai Studio City. This firm aims to solve all the financial problems of our company by understanding the working of the company and then providing a customized solution. For details on the services provided by ALYA, do contact us – we’ll be happy to help!