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Dubai is a hotspot for commercial and trade center and is considered as a role model for many other cities. The economy of Dubai is at its peak, not only by means of oil but also a business hub for many foreign investors. Dubai as a business destination boasts of some of the most monumental and spectacular structures in the world. Many entrepreneurs are looking forward to expanding their business operation in Dubai because of its business facilities and ease of company set up in the designated area. If you’re considering to launch your business in the UAE, then you may have heard of the nation’s free zones.
There are plenty of free zones available in UAE, which each serving their own purposes. The reason you should consider free zone as your business hub is; 100% foreign ownership, 100% repatriation of profits and capital, 100% tax exemption on import and export, no currency restrictions and no personal or corporate tax. One free zone that continues to make an impression of entrepreneurs around the globe is the Dubai Design District.
Located at the center of the city, Dubai Design District (D3) was launched in the year 2013 by your Highness Sheikh Mohammed bin Rashid Al Maktoum and UAE’s Prime Minister. The main objective of this free zone was to build a tailor-made design hub for creative thinkers. It is a global fashion and design hub and taps into the huge potential of interior design and fashion industry. It is a home for small and large companies, global fashion houses, and local boutique design studios. This is one of the reasons that its a great destination for foreign tourists as well. The fashion and design industry is currently at its booming in the region. It is believed that Dubai’s design, fashion and luxury industry will grow dramatically by the end of 2020.
D3 is regulated by the Dubai Technology and Media Free Zone Authority (DTMFZA), which is an independent regulatory platform. D3 is certainly a premium ecosystem for up-coming retail, luxury and fashion brands.
One of the most appealing things of Dubai Design District is the series of local and international events that take place annually, gathering design and fashion lovers. Two of the main events that you shouldn’t miss are Fashion Forward Dubai and Sole DXB. Sole DXB is the biggest shoe event in the world.
Here you will see the latest design from your favorite brands including Nike, Puma and more. Fashion Forward is the biggest event of the most daring and exciting fashion in the region. Apart from this, D3 is filled with interior design and fashion pop-ups throughout the year. The D2 is definitely the best place to work from, whether you’re a business owner or a freelancer.
Forming up a business in Dubai Design District is a straightforward process. The initial step is to submit your application for approval at the required authority. You’re also required to provide some documentation and a business plan. Once your application is approved from the authority, you can reserve a space in d3. Step by step guide on how to set up your business in D3 is provided below.
There are 2 types of license available in d3. It is important for you to apply for one of these licenses in order to carry out your business operation in D3.
Type of Entities available in Dubai Desing District
There are 3 basic steps that are required in order to carry out your business operation in d3.
1. Submit the application
First, you have to register your business and get a proper license available in the designated free zone. After this, fill the application and submit it to the free zone authority.
2. Submit documents and payments
The next step is to collect all the documentation required in the form, and then submit them to the authorities. After this, you’re required to pay the fees required for specified services.
3. Registration certificate and license
After the approval, you’re required to collect your business license and registration certificate.
If you’re working in the field of design and wants to share your creativity with the world. Then Dubai Design District is the best place for you. It combines all the international designers, fashion houses, brands, and artists in one place. Key benefits include
It is overwhelming to open your business operation in a foreign country. It’s an easy process but the right consultancy will give you benefits in the future. We at Setup Dubai business aim’s to provide world-class consultancy services for a smooth, stress-free and easier process. We also provide a business license and registration services with the right and effective way. Our team of experts, having specialization in the business industry will generate a remarkable business plan that best suits your business. Together, we can unleash your creativity levels with the whole world.