Business Formation in Dubai Design District
A free trade zone dedicated to promote exceptional talent and provide a home for artists, designers, and creative thinkers, Dubai Design District (d3) encourages entrepreneurs and investors to establish a business presence within the district. Business setup in Dubai Design District offers a number of advantages including zero corporate tax, freedom to repatriate 100% of capital and profits, and 100% foreign ownership!
Freelance permits can be obtained in the district as well, perfect for talented, ambitious artists and designers in building a reputation and working in an environment which supports growth and development.
As exciting as it sounds, embarking on a business venture can also be terrifying. You have to ensure everything falls into place and your business launch kicks off smoothly. Seek the help of our business specialists as they’re experts when it comes to providing clients support and guidance in the compliance of laws, requirements, and regulations unique to Dubai Design District business setup.
FAR Consulting Middle East’s business setup solutions can help throughout the process of company formation in d3 including for the following critical aspects:
- Selection of the Correct Business Structure
The business structure you choose is important as it affects the level of control your business can retain, its regulatory obligations, requirements related to health and safety in the workplace, tax obligations, and the personal liability you and the other directors of the company/business will incur.
There are three business structures on which entrepreneurs, SMEs, and corporates can setup their businesses in d3: Free Zone Establishment, Free Zone Limited Liability Company, and branch of a local or international company. For FZE and FZ LLC, the difference between the two lies in the total number of members or shareholders permitted by regulatory bodies. As for a local/foreign company branch, the branch office must conduct similar or identical services and business activities as its parent company.
Each legal business structure has a specific set of procedures and requirements for its incorporation. Our qualified business setup advisory team will guide you in making the correct decision pertaining to the structure of your business, and help ensure it meets your business’ specific needs.
- Company and Trademark Registration
Our business setup experts can help you register your company with the proper authorities and submit all necessary legal documentation for the issuance of a trade license.
For trademark registration, regulatory bodies require trademarks including trade names to adhere to certain stipulations. Apart from avoiding the use of offensive words and phrases, there are other considerations. You can rely on our business setup experts in Dubai Design District to present you with all key information related to trademarks and trade names.
Dubai Design District business setup may sound like a complicated, tedious task, but you can enjoy all its benefits without going through the hassle of company formation with the help of our business specialists.
Call us today so we can discuss how we can address your specific needs and requirements for business setup in d3.
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Following industries you can setup in D3
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
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Benefits of Setting up Business in D3
Business setup in UAE free zones is known as a normal venture by business owners that visit the UAE. Business formation in Dubai has been rising in DAFZA for more than two decades now. It has continuously been a great help to the economy of UAE, as it invites more and more investors free zone business setup in Dubai.
Dubai free zone company registration costs can be considered as one of its advantages as well as it is not as expensive as others. Some of the significant benefits of Dubai Free Zone, however, are listed below:
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100% foreign ownershipIn the Mainlands in the UAE, an expatriate investor needs to have a local sponsor for setting up a business. This local sponsor will have 51% of the shares of your company. However, free zone company formation Dubai can give you the advantage of having 100% ownership of your business without having it divided between you an a local sponsor.
Location
The international companies can find it easily accessible and strategically placed. DAFZA is located next to Dubai International Airport, which is one of the busiest airports in the world to have international passenger traffic.
Tax Exemption
At the start of 2018, the value-added tax (VAT) was implemented in the UAE on some goods and services. However, it is still a huge advantage, that the government hasn’t mandated the country to pay corporate and income taxes. For business owners who are looking for this kind of tax exemption, Dubai free zone is the right destination for them to set up business.
There is a lot more that DAFZA is capable of offering to the businessmen. The following additional benefits are listed below for you to see:
- No restriction on capital repatriation
- 0% import or re-export duties
- No currency restrictions
- No restriction on foreign talent or employees
- Onsite customs and One-Stop Shop for all Services
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Business Setup Requirements & Procedure
- Application form for company formation
- Unit title deed
- Memorandum and Articles of Association
- Letter of intent
- Registry identification code (RIC) form for manager or director – must be original and notarized
- Bank statements (personal or corporate)
- Lease agreements
- Initial Approval certificate from Dubai Design District Authority
For freelancers:
- Registration application
- Resume/CV
- Bank reference letter
For a complete list of requirements for business setup in D3, call our office to consult with our specialists.
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Support Services Offered in D3
FAR Consulting Middle East guides its clients throughout the Dubai Design District business setup process, including with the following:
- Company registration from Dubai Creative Clusters Authority
- Drafting and legalization of required corporate documents
- Review and submission of requirements for company registration, trademark or name reservation, and business trade license issuance
- Opening of corporate bank account
- Business setup consultancy
Call us for a smooth, hassle-free business setup in Dubai Design District!
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Business Setup Cost in D3
The Dubai Design District is a business hub that encourages talent and entrepreneurs in designing and fashion industry. The team of consultants in Farahat & Co can help in providing D3 company setup services. The fee table below explains the estimated D3 company setup fees. You may contact us for further information on company formation in Dubai.
Cost for Business setup in Dubai Design District (D3)
Business Registration and Licensing Cost Fees Registration Fee AED 3,500.00 Knowledge Fee & Innovation Fee AED 20.00 Cost by Trade Licence Type (Select one of the following) Commercial License Fee AED 15,000.00 Trading License Fee AED 15,000.00 Service License Fee (Starting from) AED 15,000.00 Professional License Fee (Starting from) AED 15,000.00 Tourism License Fee (Starting from) AED 15,000.00 Manufacturing License Fee AED 20,000.00 Freelance Permit AED 7,500.00 Local Branch Company Registration (Starting from) AED 15,000.00 Foreign Branch Company Registration (Starting from) AED 15,000.00 Additional Fees for Business Registration Fee for Any Additional Activity (if applicable) AED 10,000.00 Establishment Online Application (Starting from) AED 1,980.00 Visa Processing Cost Bank Guarantee / Employee Visa deposit AED 2,500.00 Employment/Residence Visa (Select one of the following) Employment / Residence Visa – In Country (Starting from) AED 4,140.00 Employment / Residence Visa – Out of the Country (Starting from) AED 2,720.00 Postal Services Cost Empost Representative Card AED 300.00 P.O.BOX Services Fee (Select one of the following) PO Box Light (Starting from) AED 1,170.00 PO Box Standard (Starting from) AED 2,020.00 Ezimail Bronze (Starting from) AED 3,770.00 Ezimail Silver (Starting from) AED 6,270.00 Ezimail Gold AED 12,270.00 ATTENTION – NOTEAll fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.
Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.