Benefit of business setup in Dubai design district is to enhance and encourage local talent and provide a home for local thinkers. Dubai design district is a global hub for regional center for creative design. Dubai Design District (D3) has been launched through careful consultation with the design community to provide a creative ecosystem that fulfill the expectations of a typical creative neighborhood. D3 inspires authentic, and relevant ideas shaping Dubai as a leading destination of design, art, and culture.
What are the Benefits of Business Setup in Dubai Design District (D3)?
Below mentioned are the benefits of setting up a business in Dubai design district:
- Sole ownership: A foreign investor can fully own the business without requirement if a local partner and full repatriation of profits and capital.
- Creative culture: Dubai design district has a detailed and planned to develop emerging culture and blend with creativity. The community including entrepreneurs, startup solutions and established international brand for luxury and fashion.
- Strategic location: Dubai design district is easily accessible to extensive transport lines make this travel easy for both local and international business
- Multiple Visa options: multiple shareholder visa requires multiple visas and Dubai design district offer best visa options.
- Visa facility: It will be very easy to sponsor dependents for their visas. It provides very quick and easy procedures to obtain the visas to your family and employs. Seeking a guidance from an expert for visa application and procedures will help in processing the visa requirements smoothly
- Lowest setup cost: Establishment or a company requires a huge capital. Fujairah provides the flexibility of setting up business in lowest cost
- Infrastructure: Dubai design district will give a world-class infrastructure and provide a constructive business platform for various businesses to grow and excel in their respective fields.
Investors can obtain benefit of ownership of license under the following categories as per their agreement with authority
- Trading license: A trade license is required for those investors who wish to import and distribute product as specified in the license
- Service license: A service license is required for those investors who wish to operate specific business
- Freelance permit: Having this type of license offers an individual to operate as a freelance professional. It enables the practioner to conduct a business under the name original name.
- Smart step: This district is a smart city because authorities have taken steps to modernize the area which includes parking meters smart energy meters and smart waste management among others.
- Automation: D3 owns a security system that can recognize an employee’s face and switch on lights and adjust the temperature on a user’s desk automatically.
- Versatlity: Dubai design district is versatile as it owns a business zone for fashion, luxury, and design, it will give you the access to art studios, museums, art galleries etc. which will eventually boost your versatility.
- Lowest business setup cost: Establishment or a company requires a huge capital. Dubai design district provides the flexibility of setting up business in lowest cost
- Tax exemption: Foreign investors can enjoy the benefit of no tax on imports and re-exports, corporate tax, or personal tax for a good amount of time period
Types of Legal Structures in Dubai Design District
Below listed are few legal structures operating in Dubai design district
- Free zone limited liability company
This is a wholly owned company or in simple words independent legal entity.
- Branch office of a foreign company
This is locally owned with no prerequisite for a minimum share capital. A branch office may conduct all or some of the operations inherent in its parent business.
- Branch of UAE company
This is not a separate legal entity and conducts all or some of the operations inherent in its parent company’s business.
Business Set up Services
Dubai design district is a place where creative minds can live and work. We at far consultancy middle east can help in setting up a business in Dubai design district and can also aim to specify the business license and business registration process for a company or entrepreneur in an efficient and effective way. Contact us for further consultation.