Dubai Design District is located in the heart of the city, adjacent to Business Bay and it is at a distance of 3 minutes from the world's tallest tower Burj Khalifa with an annual visitor worth 65 million, also it is in a close proximity of just 6 minutes from the Dubai International Financial Centre and 15 minutes from Dubai International Airport. Dubai Design District is dedicated to design, housing a rich mix of cutting edge industrial, product, interior, architectural conceptual, graphic and digital design.
The following segments of activity are the most suited for Dubai Design District Free Zone falling under the rules of regulations of Dubai Technology and Media Free Zone Authorities rules and regulations. The segments such as Marketing, Fashion, Luxury, Interior, Furniture and Objects, Design, E-Commerce, Ancillary Services, Technical and Occupational Skills, Beauty Care, Art, Freelancers, Advertising and Communications, Media and Marketing Services, Event Management, Event Support Services are the best suited activities to be carried out in Dubai Design District.
Dubai's luxury, design and fashion sectors are poised for dramatic growth. Tourists account for 40% of global luxury spend, and Dubai's strong tourism numbers will foster steady growth in luxury spending. Developers are allocating higher budgets for interiors, and architecture, creating expectations of double-digit growth through to 2014. Expo 2020 is set to spur investment in infrastructure, design and new ideas, boosting, local businesses too.
|Location:||Dubai Design District, Dubai, (U.A.E.)|
|Permitted activity:||Fashion segments, Marketing, Interiors and Furniture, Event sector|
|License available:||Commercial and Manufacturing license|
|Types of entities:||Free Zone Limited Liability (FZ-LLC), Branch, Subsidiary & JV|
|Shareholder:||Can be individuals or corporate entity|
|Share capital:||Minimum of AED 50,000/-, whereas AED Nil/ in branch office Minimum of AED 100,000/- in case of manufacturing activities|
|Audit:||Audit report is not required to be submitted to the authorities|
|Estimated time:||Minimum of 5 -6 working weeks to obtain final trade license|
|Renewal:||License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.|
Starting from AED 29,760/- onwards (inclusive of license, registration and rent against flexi desk) whereas renewal charges for the same amounts to AED 22,500/- from next year onwards. However please note that the above mentioned charges can vary depending upon the number of licenses applied under one company and also depends upon the leasing/office facility acquired.
GBS provides you consultancy and helps you with company incorporation services at Dubai Design District.
Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.