D3
Dubai Design Week Celebrations
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Benefits of Establishing Your Business in Dubai Design District
In addition to being recognized as a hub for design, businesses can also take advantage of the various incentives that D3 offers to entrepreneurs.
Some of these include:
Modern and Advanced Infrastructure
D3 distinguishes itself as a hub of technological advancement. Its initiatives include the implementation of smart parking meters, smart energy meters, and an efficient waste management system.
Proximity to Iconic Landmarks
Dubai Design District is located near the Dubai Mall, the largest shopping center in the UAE, attracting 65 million visitors annually. It is also close to the Burj Khalifa, the clusters of Dubai Internet City, DIFC, and Dubai’s Business Bay area.
Affordable Company Setup Costs
Setting up a company under D3’s umbrella is surprisingly affordable. The cost for a license in Dubai District starts at around 15,000 AED, with the minimum required share capital being as low as 50,000 AED.
Global Recognition
Each year, Dubai Design Week provides designers and artists with the opportunity to present their work to world-renowned designers.
Favorable Legal Framework
- Full company ownership
- No restrictions on capital repatriation
- No currency restrictions
- No personal income tax
- No restrictions for foreign employees
- Only 9% corporate income tax (if applicable)
- Low custom tariffs
- Special freelance permits for designers and artists
Explore Monthly Payment Plans with Selected Banks
Transform your transactions into convenient and cost-effective monthly installments through our designated banking partners. Simply make a minimum credit card expenditure of AED 1,000 from one of our collaborating banks, and repay the amount in manageable installments spanning 12 months.
Steps
- To take advantage of this offer, simply make a minimum credit card purchase of AED 1,000 for any services offered by Vip Zone.
- Afterward, contact the banking services of any of our partner banks to request the conversion of your purchase into an Easy Payment Plan.
- You’ll have the flexibility to choose a payment duration of 3, 6, 9, or 12 months.
Types of Licenses Offered in Dubai Design District
Dubai Design District Offers a Diverse Range of Business Licenses:
This license permits companies to conduct manufacturing, processing, or assembly activities within D3.
Designed for businesses that sell specific goods and services within the D3 area.
Enables businesses to offer services, such as repair and maintenance, within D3.
Essential Documentation for Company Establishment in Dubai Design District
- Company Registration and Licensing Application Form
- Detailed Profiles of Shareholder(s)
- Copies of Passports and Specimen Signatures of Each Director and General Manager
- Board Resolution
- Comprehensive Business Plan
- Evidence of Meeting Share Capital Requirements
- Original Memorandum and Articles of Association (MAA)
Guide to Establishing Your Business in Dubai Design District
Starting a Business in D3: A Quick and Simple Process
Initiating a company in Dubai Design District (D3) is a streamlined and efficient process, generally encompassing five key steps:
Steps
1. Choose Your Business Activity and Location
Before embarking on your business journey, it’s essential to select from the range of approved business activities allowed in D3. Companies in D3 can choose their operational base, ranging from the Free Zone to the mainland, or even a combination of both.
2. Submission of Application
Prospective businesses are required to fill out the online application, providing business plans and passport details for all shareholders. Assistance from Vip Zone can be sought during this phase for a faster and more cost-effective company setup.
3. Acquire Physical Premises
To operate within D3, companies must secure a dedicated office space or warehousing facility. Freelancers, however, might be exempt from this prerequisite.
4. Trade License Application
Once an office space is secured, companies must apply for the relevant trade license through D3 authorities. The type of license depends on the nature of the products and services offered, and in some cases, multiple trade licenses may be necessary.
5. Setting Up a Bank Account
With all essential documents in hand, the final step involves opening a corporate bank account. This account will facilitate all financial transactions of your business within the D3 jurisdiction.
