Company Formation in D3 – Dubai Design District
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.
Major Benefits of Company Formation in D3 (Dubai Design District):
- 100% foreign ownership,
- 100% repatriation of capital,
- 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
- No currency restrictions
- Facilities to select wide range of leasing options starting from executive desks onwards to a larger space
Characteristics of D3 Company Setup:
Location:
Dubai Design District, Dubai, (U.A.E.)
Proposed activity:
Fashion segments, Marketing, Interiors and Furniture, Manufacturing, Event sector activities can be carried out in D3.
License available:
Industrial, Professional & Commercial license are available options for D3 – Dubai Design District
Type of entities:
FZ – LLC (Free Zone – Limited Liabilities Company) and Branch
Shareholder:
Shareholder for Dubai Design District (D3) Company can be Individuals or Corporate entity
Director:
Individuals only (Minimum one. Shareholder can also be Director)
Share capital:
AED 50,000 for FZ – LLC Setup & AED 100,000/- for Manufacturing activities and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit:
Audit report is required to be filed with D3.
Estimated time:
3 to 4 weeks to obtain license of the company and register a company in D3 (Dubai Design District).
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
D3 (Dubai Design District) Company Setup Process:
- Identify the legal form of company to be registered in D3
- Select activity from D3 activity list,
- Apply for name and initial approval,
- Payment of fees related to D3 business set up,
- Sign D3 company registration and incorporation documents,
- Apply for D3 residence visa.
Documents Required for D3 Company Registration:
The documents required for business set up in D3 (Dubai Design District) depends on whether a shareholder is individual or corporate entity. Basic requirements are
- Color passport copy,
- Color UAE residence visa & emirates id copy,
- Business Plan
- CV/Resume,
- NOC from current sponsor
To know more about the complete requirements for company formation in Dubai Design District (D3) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com
Company Formation Cost in D3
D3 Company Setup begins from AED 1,64,500/- (inclusive of license, registration and rent against standard office)
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in D3.
Other Notes for D3 – Dubai Design District Company Formation:
- Document to be legalized with UAE Embassy in case of corporate shareholder
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
- Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-
Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in D3. Our company acts as a one stop solution for D3 company incorporation services.
If you are looking for D3 company setup, please get in touch with us for professional assistance.
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in D3 (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.
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Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
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Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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