Business Setup in Dubai Design District (d3)

Business Setup in Dubai Design District (d3) – In 2013, Dubai took a giant stride to redefine the fashion, retail, luxury and hospitality business in the region by launching ‘d3 – Dubai Design District.’ The purpose-built design district was envisioned as a creative ecosystem which can up-bring, polish and promote creative minds in the country and to attract talents across the region.

The growth potential of design industry in the Middle East was rightly identified by think-tanks behind d3. By developing a creative community in its true sense, Dubai is attracting thousands of artists, fashion designers and creative minds around the world. Dubai Design District is expected to ignite the creativity and imagination of more than 180,000 creative professionals in the near future. Over the short span of time d3 has evolved as the prime destination of creative professionals from different countries, and it is in the evolution phase. The creative space, collaboration and opportunities for interaction with the global peers makes Dubai Design District exceptional.

Investors and creative professionals from digital media, arts, design and fashion industries has abundant growth opportunities in the region and d3 is the gateway. Dubai Design District is a latest addition to TECOM Group’s creative free zones. The Dubai Creative Clusters Authority (DCCA) regulates Dubai Design District and other creative clusters.

Today, d3 is home to many leading local and global brands. As an investor or creative professional, Dubai Design District is the ideal ecosystem to realize your creative business plans.

Benefits of setting up your business in d3

Dubai Design District offers the option to choose either a Free Zone License or a DED License

DED licensee is permitted to operate retail business in UAE

DED licensee can export goods to GCC on paying customs duty

DED licensed architectural and fit-out companies can submit projects to Dubai Municipality

DED licensee can open branches in UAE

Free Zone licensee can enjoy 100% foreign ownership, 0% corporate tax/personal income tax/ customs duty, full repatriation of capital and profit.

Legal forms of business in d3 Free Zone

Free Zone Limited Liability Company (FZ-LLC)

Branch of a UAE Company

Branch of a Foreign Company

Freelance Permit

Types of license issued in d3 free zone are either Commercial License or Free Zone Permit. DCCA is the licensing authority in the free zone.

Legal form of business in d3 onshore

The Department of Economic Development, Dubai (DED) will issue a commercial license under the legal form Limited Liability Company (LLC). In this case, a UAE National should hold at least 51% shares in the Company.

You may also be interested in the following related articles:

How to setup an LLC in Dubai?

Business setup in Dubai – 10 steps

UAE National Partner

Free Zone Company Formation - Advantages

Mr. Baiju Masoodu is a Free Zone Business Setup Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Dubai Design District (d3) and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: baijumasoodu@gmail.com

References:
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