Dubai design district free zone (d3) business setup
Pricing for Dubai Design District Free Zone
About Dubai Design District (D3)
Dubai Design District (D3) is a free zone that caters to the creative industries, specifically design and fashion.
It is suitable for businesses of all sizes and is home to both local designers and international fashion houses.
In addition to leasing office spaces and land for development, the Dubai Design District Free Zone also offers studio space and co-working facilities, making it an attractive destination for businesses in the design and fashion industries.
The prices start from AED 70,000
Average business setup time: 1 month
Benefits of setting up a company in d3 – dubai design district free zone
100% Business Ownership And Capital Repatriation
- As an expatriate, you can own 100% of the company and transfer all profits to your home country.
Thriving Community
- D3 boasts numerous retail stores, a vibrant restaurant scene, and multiple event venues.
Strategic Location
- Located in the heart of Dubai, D3 is easily accessible from Downtown Dubai and Burj Khalifa.
Freelancer Friendly
- D3 provides specialized licenses to individuals belonging to the design and fashion industry.
Co-working
- D3 offers co-working and studio space for new and established businesses.
Prestigious Company
- Work alongside some of the biggest names in the world, such as Google, Facebook and others.
D3 Business Activities
Dubai Design District Free Zone welcomes a range of financial and professional business activities. Here are some of the most popular options:
Architectural Design
Concept Design
Direct Marketing
Graphic Design
Modelling Agency
Public Relations Agency
Tailoring
Art Galleries
Branding and Corporate Identity
Fashion Design Consultancy
Image Consultancy
Performing Arts Management
Stage Fashion Show
Visual Merchandising
Beauty Advisors
Design Consultancy
Fashion/Fair Exhibition
Industrial Design
Photography
Studio Space
Industrial Design
Physical Presence Requirement
You don’t have to be physically present to complete the setup process of your Business.
Dubai Design District: An Entrepreneur's Guide
Dubai has set a goal of attracting 15,000 design companies and 150,000 creative professionals in the next few years. This is a significant increase from the figures of 8,300 creative companies and 70,000 individuals in 2021, doubling the creative power of Dubai.
One of the advantages of setting up a business in D3 is that there is no income tax for the duration of your stay there. Additionally, businesses can enjoy 5 years of 0% corporate tax.
However, setting up a business in D3 can seem like a daunting task. That’s where we come in. In this guide, we will provide you with all the information you need to know about setting up a business in Dubai Design District Free Zone.
What Is the Dubai Design District Free Zone?
In 2013, Sheikh Mohammed bin Rashid Maktoum, the Prime Minister and Ruler of Dubai, founded the Dubai Design District (D3) with the aim of promoting foreign investment and business growth in the area. His vision has been a success.
Dubai Design District is the perfect location for creative industries, including fashion, industrial, and architectural design. The district has a lively design community and abundant resources at your disposal.
There are vast opportunities for marketing, public relations, and technology, which is why many people prefer Dubai Design District over other business parks. Whatever your creative industry is, you will find a home in Dubai Design District.
Where Is the Dubai Design District?
Dubai Design District is situated in the heart of Downtown Dubai, providing easy access to everything you may need for your business.
The Mohammed bin Rashid City is located nearby, and you will have the magnificent Burj Khalifa as a backdrop. Additionally, Dubai’s Business Bay is right next door.
The Design District boasts numerous trendy restaurants, cafes, and bars. Its fashion, art, and tech shopping are world-renowned.
You can attend fashion shows and design expos to stoke your creativity, and the district’s growing popularity has led to an increase in the cultural vibrancy of the creative community.
Dubai Design District is an ideal creative hub, nestled in one of Dubai’s busiest districts. It is conveniently located, making it easy to get to for both business meetings and recreation. Whether you live or work here, it is one of Dubai’s most sought-after districts.
The district is well-connected by bus routes, and there is ample parking available. You can even take a riverboat taxi to reach Dubai Design District.
Development Phases of Dubai Design District
TECOM Group developed Dubai Design District in three phases, with each phase introducing new innovations and businesses to the district.
Phase 1
In 2015, Dubai Design District witnessed an influx of foreign and Emirati talent that resulted in 6,000 creatives working in the area by 2016. Out of these creative companies, 60% were international, while 40% were local. Since then, big names like Nike, Adidas, and IBM have invested in Dubai Design District.
Phase 2
Phase 2 was completed in 2019. Foster and Partners designed this phase. And it further boosted the creative resources available to the community, designed by Foster and Partners.
Phase 3
Phase 3, which was completed in 2021, focused on developing the creekside. Numerous modern restaurants and venues now line the waterfront. And contemporary accommodation options are available throughout Dubai Design District.
Why Start a Business in the Dubai Design District?
Setting up a new business in Dubai Design District has numerous advantages over other business parks. It provides financial benefits and the regulations make it easy to establish a business.
Below are some of the key benefits you will enjoy.
Cost-Effective Startup
Dubai Airport Freezone Authority (DAFZA) offers a diverse range of dining options that cater to various tastes. Whether you crave Italian, Indian, Chinese, or American cuisine, you will find a restaurant that meets your requirements.
0% Personal Income Tax
You can save on personal income tax by basing your business in the Dubai Design District, which can significantly improve your cash flow.
0% Corporate Tax for the First 50 Years
This is perfect for new businesses. You are exempt from corporate taxes for 50 years after starting a business. This provides ample time to maximize profits before paying taxes.
Low VAT and Import Taxes
You will not be charged VAT if your business has a taxable turnover below AED 375,000. However, once your business earns more than that amount, you will be required to pay 5% VAT.
In addition, the import taxes in the Gulf Cooperation Council (GCC) are relatively low. Most goods incur an import tax of only 5%.
Zero Currency Restrictions
Investing in Dubai Design District is accessible to creatives of all nationalities since there are no restrictions on the currency.
Cutting-Edge Business Resources
Dubai Design District is a top-tier design hub. You will have access to state-of-the-art technology at all times. Architects have designed the offices to be optimal for creative companies, and you will be working alongside the world’s most renowned designers.
Innovation and Diversity
Dubai Design District is home to a thriving entrepreneurial community, with many businesses owned by international entrepreneurs. As a member of this innovative and cosmopolitan community, you’ll have access to a wealth of opportunities. However, it’s worth noting that UAE businesses are also making their mark in the area.
There are particularly strong opportunities for female entrepreneurs in the creative industries based in the Dubai Design District. In fact, of the nearly 100 UAE businesses operating in the district, the majority are owned by women.
100% Foreign Ownership
Unlike some other overseas creative hubs, you will own all your business. This differs from Dubai’s mainland business centres, giving you the ultimate freedom to run your new business.
Licensing for Fashion, Design, and Freelancers
Getting a business license for creative industries is simple in Dubai. Freelancers can benefit from Dubai Design District which offers permits for freelance creative work.
Here's a guide on setting up a new business in Dubai Design District
Getting started with your business setup in Dubai-free zones is easy. You will enjoy direct processes and regulations. Business setup services can guide you through every step.
What Business Activities Work Best in Dubai Design District?
Dubai Design District is an ideal location for most creative businesses. The most common business activities in Dubai Design District include the following:
- Fashion design
- Architectural design
- Graphic design
- Branding and corporate identity
- Direct marketing
- Public relations
- Image consultancy
- Industrial design
This list is not exhaustive, and the creative community in Dubai Design District is constantly growing. Regardless of the nature of your creative business, this is one of the best startup locations in the world.
What Are Your Business Setup Options?
You have the option to choose which type of business you want to establish in Dubai Design District. The procedures vary, but all are accessible and uncomplicated to complete.
Set Up a Limited Liability Company
- Form a UAE company branch
- Form a branch for an overseas company
- Register as a freelancer and apply for your permit
These are the main business structures in Dubai Design District, which offers flexible options for all types. If you’re unsure which structure suits you best, reach out to a business consultant for advice.
How to Get Your UAE Residence Visa
To live, work, and bank in Dubai Design District, you need to have a residence visa. This visa lasts for 3 years, but you have to enter the UAE every six months to keep it valid. Most entrepreneurs who have business in Dubai do this anyway.
There are several ways to obtain a residence visa. You can get a job in the UAE, open a business, or obtain a freelance permit. You can also get a visa if you are a dependent, a student, or a high-value property owner. However, for entrepreneurs, new business and freelance permits are the best options.
If you decide to apply for a new business or freelance permit, you will need to complete the following steps:
- Register your company with the UAE authorities
- Obtain your establishment card
- Receive your entry permit
- Apply for your UAE ID
- Book your mandatory medical tests
- Visit a UAE consulate to obtain your visa
At Gulf Gateway CSP, our team can help you obtain your residence visa. In most cases, this process is fast. Once you have your visa, you can live anywhere in the UAE. However, Dubai Design District is the best place for most creative entrepreneurs.
Once you have your residence visa and other necessary documents, you can easily sponsor visas for your dependents, regardless of your job title.
How to Set Up a Business Bank Account in Dubai
Once you have obtained your business license, your next important task is to create a separate bank account for your business in Dubai Design District. A dedicated business bank account is essential for effective financial management as it helps in separating your personal and business finances.
At Gulf Gateway CSP, we can assist you in establishing your Dubai business bank account so that you can concentrate on operating your business. We collaborate only with the most reputable banks in the UAE, ensuring that your money is in good hands.
Apply In-Person
You will need to visit a bank representative in person to finalize the account opening process and submit your application forms and documents.
Apply Remotely
If you are outside of the UAE, you can initiate the process of opening a bank account. You will be required to attend a short meeting either via phone or video call. In most cases, you will then need to visit the bank in person to sign the necessary forms.
How Long Does It Take?
Your bank account opening process may take up to 25 working days. However, some specialized accounts could take longer. We will guide you through the entire process.
How We Help You Set Up Your Dubai Bank Account
Setting up your bank account with Gulf Gateway CSP is easy. We’ll guide you through each step and answer any questions you may have. Follow the steps below to get started.
1. Your Company Assessment: Our in-house experts will consult with you and your team to assess your company. We will discuss your business activities and your projected turnover. We can then discuss your capital and how you operate your business.
2. Contact Your Chosen Bank: After we have determined the bank that best suits your requirements, we can help you set up communication with them. If the bank requires any additional documents, we will assist you in obtaining them. It is possible to accomplish this without having to meet in person. Additionally, we may be able to act on your behalf in certain circumstances.
3.Gather and Sign Your Documents: To open a business account, you will need to provide several documents to the bank. However, obtaining most of these documents is quite easy, and we can help you with any difficulties you may face.
Most banks will need:
- Passport scans for you and your partners
- CVs for you and your partners
- Certified incorporation documents
- 6 months of personal bank statements
- Your UAE ID and residence visa
- A scan of your Ejari document
Once you have gathered all these documents, the rest of the process will be straightforward. You will soon be able to deposit funds into your new Dubai bank account. Finally, you will have to meet with the bank in-person to sign your application.
Move to Your New Creative Business Base
All of your necessary documents have been prepared, and you have obtained your visa. Now, it’s time for the fun to begin! Dubai Design District offers a wide range of accommodation options, and flights from most countries are direct and reasonably priced.
Dubai is located in the heart of the world’s most significant economies, making it an excellent base for expanding your business to international locations. Dubai Design District can serve as the centre of your growth.
Dubai’s location also provides opportunities for international team-building trips and vacations. However, with so much experience in the Dubai Design District, you may not feel the need to venture out.
Get Started With Gulf Gateway CSP's Business Setup Service
We hope that you found our guide to Dubai Design District helpful. Starting a business overseas can be challenging, and having experienced consultants on hand to help you through the process is invaluable.
Gulf Gateway CSP has helped over 50,000 entrepreneurs set up businesses in Dubai, and we have been successful for 10 years. We are familiar with every step of the process and can help make your startup as smooth as possible.
Don’t hesitate to contact us today to find out how we can help you set up your new business in Dubai.
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Call +971 56 866 3666 or fill out the form to schedule a consultation with one of our Business Setup Advisors.
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Office 908, 9th floor; Tamani Arts Office Building, Business Bay – Dubai
United Arab Emirates
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