Dubai Design District (D3) Free Zone

 

Dubai Design District (D3) Free Zone

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Dubai Design District (D3) Free Zone

 

Compared to other free zones in Dubai, Dubai Design District (D3) is very young and novel, founded in 2013 with a primary motive to boost development and investment in digital media, arts, design, and fashion sector. This young generation Free Zone has become the one of the most innovative one in the Middle East Region which nurtures the brands in fashion, retail, luxury, and hospitality regardless new or old, local or global. Dubai Design District as an ultimate solution to the vibrant industries also hosts wide range of media and design workshops, trade shows, brand

launches, fashion events, art shows, and media conferences among others. No wonder, the Dubai Design District has become the pulse of world class creative community irrespective of the time.

No matter what, CredentOne DMCC has always been in pace to assist the start-ups brands to settle and grow in the Dubai Design District location.

ADVANTAGES OF BUSINESS SETUP IN DUBAI DESIGN DISTRICT (D3)

  • No currency restrictions
  • 0% personal income tax
  • No limit on capital repatriation
  • 0% corporate tax for the first 50 years
  • No restrictions on hiring foreign talent
  • Community living seamlessly integrated
  • Get incepted in the world’s first design ecosystem
  • Special licensing for design and fashion with freelance permits for artists and designers
  • The innovative ecosystem shares a prime location with Business Bay, Dubai Mall, and Burj Khalifa

DID YOU KNOW????

  1. Apart from the commercial and service license Dubai Design District issues Freelance permits which enable individuals to work as a sole proprietor for the specified activity.
  2. Marketing Services, Fashion, Luxury, Design, E-commerce, Ancillary services, Beauty care, Event management, Media &Marketing services, Freelancer, Service provider, Consultancy are some of the segments in which you can obtain a license in Dubai Design District.

Estimate for New Free Zone Company in DUBAI DESIGN DISTRICT (D3)

A smart entrepreneur will always look for the estimate and initial costs for the setting up his/her business as the first step. This page will give you an outline on different types of licenses, General Cost for setting-up a company in Dubai Design District, per expenses as follows:

  1. Type of License

D3 is offering mainly Specific Types of Service and Commercial Licenses in main segments such as Fashion, Luxury, Interior & Furniture, Design, E-commerce, Beauty Care, Arts, Events Management, Marketing and Import and Export.

Commercial licensing means that your company may either be registered as a Free Zone Limited Liability Company (owned by a natural or a corporate) or a Branch Company (a branch of either an existing UAE company or a foreign company).

Each license is as per main segments which are:. Fee structure in D3 is straight forward as below:

1st year 2nd year
Registration Fee AED 3,520
License Cost per Segment AED 15,020 AED 15,020
Additional Cost to Add Manufacturing (If available within the chosen segment) AED 5,000 AED 5,000
Additional Cost per Additional Segment AED 15,020 AED 15,020

Note: Share Capital Minimum of AED 50,000 to 100,000 (depending on the chosen segment) must be deposited to company bank account before License of the company will be released. Free Lance Permit does not require capital.

Value Added Tax (VAT) at the rate of 5% is applicable on all the fees.

  1. Type of Facility

Available facility in D3 is physical office space only, min. size depends on the current availability. 1 visa eligibility is equivalent to 9 sq. ft.

MIN. SIZE ANNUAL RENT
Physical Office Spaces (Shell & Core) 1,000 sq. ft. AED 180 / sq. ft.

Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. Miscellaneous Documents

Establishment Card is a necessary document to enable the company register in Residency Department.

Establishment Card AED 1,770
Standard Processing AED 600

Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. Residence Visa in Dubai Design District (valid for 3 years)

The Visa cost depends upon the status of an applicant’s current location.

For instance, If you are inside the UAE at the time of the Employment visa application, with Local amendment you can easily stay in the country and enjoy the hassle-free process by bypassing the procedures to change the Visa status.

Amendment of visa can be done only if the applicant has cancelled his previous Residence Visa or is transferring within D3.

SERVICES FEES (AED)
Employment Visa Application (outside the Country application) 3,180
Employment Visa Application (inside the Country without Local amendment) 4,000
Employment Visa Application (inside the Country with Local amendment) 4,910
Employment Visa Guarantee Deposit 2,500
Medical Test, Emirates ID and Photo 1,240
CREDENTONE Service Fee 3,000

Value Added Tax (VAT) at the rate of 5% is applicable on all the fees

  1. CredentOne DMCC Service Packages

We are offering 3 types of professional service packages.

SCOPE OF SERVICES         Executive Priority Premium
STANDARD PRICE: AED 7,000 AED 12,000 AED 21,000
CORPORATE CONSULTANCY Yes Yes Yes
SETTING-UP COMPANY PORTAL Yes Yes Yes
INITIAL APPROVAL Yes Yes Yes
REGISTRATION Yes Yes Yes
FLEXI FACILITY ARRANGEMENTS Yes Yes Yes
BOARD RESOLUTION Yes Yes Yes
LICENSING Yes Yes Yes
ESTABLISHMENT CARD Yes Yes Yes
COMPANY STAMP Yes Yes Yes
COMPANY LETTERHEAD Yes Yes
P.O. BOX REGISTRATION Yes Yes
COMPANY PROFILE Yes
MEETING ARRANGEMENT WITH BANKER Yes Yes
FULL BANK ACCOUNT OPENING APPLICATION Yes
FREE PRO SERVICE FOR 1ST COMPANY VISA Yes
BUSINESS PLAN MAKING Yes
GUIDANCE FOR DEPOSITING CAPITAL AND OBTAINING STATEMENT OF ACCOUNTS Yes
DAILY UPDATE REGARDING THE FULL PROCESS Yes Yes Yes