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. 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.
A perfect blend of infrastructure and industry-specific business environment, DSC aims to empower the media industry. It appreciates, nurtures, and refines creativity. The center comprises organizations that offer administrations like activity, naming, sets configuration, projecting, and development administrations. The tech-park is spread in excess of 22 million square feet and isn't simply confined to giving duty excluded zones to business set-up yet also allows 100% ownership. Till date, 80 TV movies and shows have been delivered 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.
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