Dubai Design District : It was launched by the Ruler of Dubai and UAE’s Prime Minister, His Highness Sheikh Mohamed bin Rashid al Maktoum in 2013. It has been designed to encourage market growth and investments in various sectors like fashion, design, arts and media. TECOM Investments has launched the latest Free-Zone business park named D3 (Dubai Design District).

UAE is currently valued at about $27.6 bn. boasts of having the largest business market for design. It is not a simple business district, however, a whole innovative and authentic community having a soul. The vision of D3 has been aligned completely with 2021 Dubai Strategy to come up with ‘Cohesive Inclusive Creatives’ Community’. D3’s phase 2 has been designed by Foster & Partners is all set to be completed this year (2019). It has been designed with a vision to fit perfectly an active community customized to meet contemporary business needs, ranging from global to established names to startups. The entire creative league is brought under the same roof by D3 following a single principle: with passion and creative energy to meet purpose. For 180,000+ creative individuals, D3 is anticipated to become home and playground to initiate dining, retail & entertainment unique concepts, thereby providing the visitors with distinctive experience.

Company Formation in Dubai Design District:

1. Free zone:

• Free Zone Limited Liability Company (FZ LLC).
• Branch of a UAE company.
• Branch of a foreign company.
• Freelance permit.
• Commercial and freelance.

2. On-shore:companies which are operating with an on-shore (DED) license are 51% locally owned and allowed to operate in the mainland and Within the zone.

Business benefits of Dubai Design District:

• Licensing for design & fashion Industry with freelance permits for artists and designers.
• ZERO % personal income tax.
• ZERO % corporate tax for the first 50 years.
• ZERO % currency restrictions.
• Strategic location: in proximity to Business Bay, Dubai Mall, and Burj Khalifa.
• No limit on capital repatriation.