Dubai, one of the seven emirates of UAE, situated in the Middle East Region, is a multicultural city. Dubai is a fusion of natural and man-made beauty.
Dubai, one of the seven emirates of UAE, situated in the Middle East Region, is a multicultural city. Dubai is a fusion of natural and man-made beauty. It is ranked as the number one city in the world to live and work. It shares its borders with Abu Dhabi, Sharjah, and Oman. It is also one of the best tourist spots. Prominent places in Dubai include Burj Al Arab, Dubai Mall, Palm Jumeirah, Jebel Ali Port, and Dubai Miracle Garden. According to IMF Report, the GDP of UAE is expected to grow by 3.4% in 2018. It attracts investors particularly for its free economic zones.
Dubai is on its way to continuous growth and development. Besides the oil & refinery and gold sectors, Dubai is diversifying towards non-oil sectors for an overall economic development. It is considered to be a starting point for international business. Dubai Expo 2020 is one great upcoming opportunity for businesses to leave their footprints. One of the magnificent creations in Dubai is the Dubai Studio City (DSC), initiated by TECOM Group in 2005. This unique free zone has been built to empower and drive the entertainment industry in the Middle East Region.
Why Dubai Studio City?
A perfect blend of infrastructure and industry-specific business environment, DSC aims to empower the media industry. It appreciates, nurtures, and refines creativity. Dubai International Film Festival, one of the leading film festivals in the world, also supports Dubai Studio City to build a strong ground for the entertainment industry in Dubai. The hub consists of companies that offer services like animation, dubbing, sets design, casting, and construction services. The tech-park is spread over 22 million square feet and is not only limited to providing tax-free areas for business set-up but also allows 100% ownership. Till date, 80 TV films and dramas have been produced in the studio.
The Managing Director of Dubai Studio City, Majed Al Suwaidi, states that the digital content in the region has boomed to a great extent and will continue to grow in the next 10 years. It is trying to establish itself as an entertainment industry hub in the world. It also helps the businesses to build in and grow their network followed by venue management, industry build programs and also government services. This production house has not limited its reach only to Hollywood or Bollywood movies but aims to build a platform to be open for all large-production. World's famous video sharing platform, YouTube, plans to open a 6000 square-feet office, realizing the potential that Dubai carries the high potential for content creation and digital media for future. Thus, we can see Dubai is building its platform to be a world-famous podium for the entertainment industry.
Types of Businesses Incorporated in Dubai Studio City
- Broadcast TV, Radio, Support Services
- Film, TV, Radio Production
- Film Support Activities
- Theme Amusement and Recreation
- TECOM General
Process of Setting Up a Business in Dubai Studio City
The process of setting up business in Dubai Studio City includes the following steps:
- File an application for provisional approval. Once it is approved, the authority issues an initial business approval.
- Once the office is finalized, the lease agreement gets prepared.
- Legal documents are to be provided for company registration.
A duration of 2-4 weeks is required for setting up a business under Dubai Free Trade Zone.
Benefits of Business Setup in Dubai Studio City
- Exemption from corporate tax
- State-of-the-art infrastructure
- Support services
- 24-hour visa services
- Fast immigration process
Want to leave your business footprints in this studio hub? Yes? Go for it then. Setting up your entertainment business will not only give you an international platform but will also get you an exposure to the entertainment industry carried throughout the world. Business Setup Worldwide is a business consulting firm and plays the role of a guide and helps you to establish your dream company in Dubai Studio City. We do have our business experts in various locations who will help you during the entire journey of setting up your business. The legal formalities will be taken care of by us, which will help you to focus more on the establishment front. To proceed further, do connect with us. We will be glad to have you in our network and assist you in the entire business setup process.