Dubai Design District
Dubai Design District : Inaugurated in 2013 by the Ruler of Dubai and UAE’s Prime Minister, His Highness Sheikh Mohamed bin Rashid al Maktoum, Dubai Design District (D3) was envisioned to stimulate market growth and attract investments across diverse sectors. Specifically, it focuses on industries such as fashion, design, arts, and media. Furthermore, it’s worth noting that TECOM Investments has introduced the most recent Free-Zone business park, known as D3 (Dubai Design District).
UAE is currently valued at about $27.6 bn. boasts of having the largest business market for design. It is not a simple business district, however, a whole innovative and authentic community having a soul. Moreover, the vision of D3 has been fully aligned with the 2021 Dubai Strategy, with the aim of fostering a ‘Cohesive Inclusive Creatives’ Community. Furthermore, D3’s phase 2, a project skillfully designed by Foster & Partners, is on track for completion in the year 2019.
Furthermore, this visionary development has been meticulously crafted to seamlessly accommodate a thriving community that caters to the contemporary business requirements, encompassing a diverse range of enterprises. This includes everything from global corporations to emerging startups. The entire creative league is brought under the same roof by D3 following a single principle: with passion and creative energy to meet purpose. Anticipated to become home and a playground for over 180,000 creative individuals, D3 is expected to inspire the launch of innovative dining, retail, and entertainment concepts. As a result, visitors can look forward to a distinctive and unparalleled experience.
Company Formation in Dubai Design District
1. Free zone:
- Free Zone Limited Liability Company (FZ LLC).
- Branch of a UAE company.
- Branch of a foreign company.
- Freelance permit.
- Commercial and freelance.
2. On-shore: Moreover, companies operating under an on-shore (DED) license must have at least 51% local ownership, and they are granted permission to conduct business both within the mainland and within the zone.
Business benefits of Dubai Design District
- Licensing for design & fashion Industry with freelance permits for artists and designers.
- ZERO % personal income tax.
- ZERO % corporate tax for the first 50 years.
- ZERO % currency restrictions.
- Strategic location: in proximity to Business Bay, Dubai Mall, and Burj Khalifa.
- No limit on capital repatriation.
