Dubai Design District | D3 Dubai
Dubai Design District
The Dubai Design District Free Zone (d3), which was created after extensive discussion with the design community, offers a creative environment. Its aim is to help Dubai become a premier center for art, culture, and design in the future. It has a distinct style that is both genuine and inspiring. It provides digital networking and is home to a group of innovative thinkers and is now being developed as part of the Dubai Plan 2021. Its aim is to teach the next generation about the several types of design while also encouraging new talent in the industry.
It serves as a forum for young designers to showcase their skills around the world.
Dubai Design District (D3) caters to the creative industries, particularly design and fashion. The free zone is suitable for businesses of all sizes and is home to local designers as well as international fashion houses. Along with office units and land for development, Dubai Design District Free Zone also offers studio space and co-working facilities.
The Dubai Design District free zone is a Middle East trailblazer today. It is also the region’s first hub dedicated to design, making Dubai’s thriving market more vibrant. D3 was created with the aim of creating a community where every design lover could come to experience all the latest trends. It acts as site for people to interact, discover, and enjoy all things artistic and trendy.
List down benefits enjoyed by a business setup in Dubai Design District
• There is no personal income tax.
• There are no limitations on recruiting foreign talent.
• Capital repatriation is unrestricted,
• There are no currency limits.
• Exemption from corporate taxes
• Permissions to work as a freelancer and special licences
• Group living that is seamlessly incorporated
• Business Bay, Dubai Mall, and the Burj Khalifa are all within walking distance.
• 100 percent foreign ownership, simple laws, and legal system
Some additional benefits of business setup in D3 Dubai
1. Ownership and Control
Unlike on the mainland, the establishment of a corporation in the Dubai free zones enables foreigners to have complete control over the company's equity. On the mainland, a foreign investor is only required to own 49% of the business, with the remaining shares going to the local sponsor, who should be a UAE national. A foreign investor will gain full ownership and absolute repatriation of income and capital by forming a company in Dubai Design District.
2. Strategic location
Foreign investors consider strategic positions when deciding which free zone to establish a company in Dubai. In this regard, the free zone of Dubai Design District is strongly recommended for company formation because it is strategically situated in the Business Bay area and is easily accessible from across all main roads such as Al Khail, Dubai-Al Ain, and Dubai-Hatta roads.
3. A Great Place to Start a Business
Including its world-class infrastructure and simple business setup procedures, Dubai Design District is positioned as an ideal center for start-ups and freelancers. For designing events, the Free Zone has special licensing systems in place, as well as licenses for artists and designers who choose to function as freelancers. Because designers from all over the world are located under one roof, there is more opportunity for cooperation and the development of new talent.
Business setup in Dubai Design District
Shops, restaurants, galleries, showrooms, beauty salons, and a variety of other services can be found in Dubai Design District. The Dubai Design District has also launched an initiative. D3's goal is to look at the individuals and companies that make up the creative culture. It has spoken with a variety of businesses and now takes the story to the public for us to see and understand.
- Documentation required for Business Setup in Dubai design district D3.
- Company registration application
- Data on the shareholder(s)
- A business strategy
- Board resolution to this purpose in the original Memorandum of Association (MOA) and Articles of Association (AOA).
- Copy of the manager’s and director’s passports.
- Manager and director’s signatures on a sample.
- Proof of share capital No-Objection Certificate (NOC) from the sponsor of the residency visa.
- A copy of the company’s certificate of incorporation
Types of licenses provided at Dubai design district
• Manufacturing license
• Service license
• Commercial license
• Freelance permit
Legal structure at Dubai Design District
• Limited Liability Company in a Free Zone
It is a wholly owned corporation or a separate legal body with one or more individual shareholders.
• A UAE company's branch office
A UAE company's branch office is not really a separate legal body, and it manages the parent company's activities.
• A foreign company's branch office
It is 51 percent locally owned, with no minimum share capital requirements.
• Permit to Work as A Freelancer
It allows an individual to work independently as a freelance professional.
Three steps to form a company in D3 Dubai
1. Submission of an application
To register your company and obtain a license, you may need to fill out an application form. The form must then be filled out completely and sent to the Dubai Creative Clusters Authority (DCCA).
2. Submission of Documents
The required documents must be acquired in the next phase, as specified in the form. They must be thoroughly signed and notarized before being sent to the appropriate authorities. The payable sum is stated on a challan. At the counter, the same must be charged.
3. Obtain your registration certificate as well as your driver's license.
The registration request would be processed once the fees have been paid. The documents are approved in 2-4 weeks. The registration certificate and valid license can be obtained once the approval has been granted.
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Dubai Design District | D3 Dubai
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