In recent years, Dubai has become a popular location for business entrepreneurs because of its supportive government policies and a large pool of qualified employees. Many people choose to set up a business in Dubai because it is an exciting and fast-growing city.
There are many options available for people who want to do business in Dubai, and among them, the Dubai Design District (DDD) has emerged as one of the most vibrant business districts in the world. Here, entrepreneurs can find everything they need to start their own business, from office space to marketing and advertising resources.
What is Dubai Design District?
The Dubai Design District (DDD) is a rapidly growing business and commercial district located in Dubai, United Arab Emirates. The DDD has been described as the “world’s leading design district,” and it has become a significant tourist attraction in Dubai. The D3 is home to many successful companies, including Nespresso, Burj Al Arab Hotel, and Mövenpick Hotel & Residences. Businesses in the D3 typically have a design-related focus, and many of these businesses are founded by entrepreneurs from around the world.
D3 is a creative hub that was created in 2013. The inventiveness behind D3 was to get a hub full of creativity and talent. It aims to hunt creative thinkers. D3 develops cooperation with partners, including the City of Houston, Lone Star College System, the Houston Museum of Fine Arts, and the Houston Community College System. The goal of D3 is to cultivate creativity and support local businesses by providing resources and opportunities.
Dubai Design District Park in D3 is an ambitious new urban development project in Dubai that will see several world-class architectures and design firms come together to create a unique destination for tourists and locals. The project is set to span over several thousand square feet, with plans including shops, galleries, restaurants, hotels, and more.
Benefits of Dubai Design District
It comes with a lot of advantages for the Dubai government:
- It offers 100% external proprietorship.
- No personal, corporate, service, and other income taxes.
- Excellent location for a business near top famous buildings of Dubai including Burj Khalifa.
- You have the facility to select the vast space for your business setup.
- Unique infrastructure for freelance artists and designers.
- It offers world-class resources for new talent and beginners so that they may grow their business with full confidence.
- The investors are given the license with a quick process and facilitated with a cooperative bank account.
- The free zone of the district offers the three years visas to the investors.
- You can get a license with a minimum cost that begins from 17,900 AED.
- The benefits for free zone and mainland companies are the same, but mainland companies can enjoy ownership, and all the UAE labor laws are applicable to them. While free zone companies have no restrictions about it.
Types of Companies that can Set their Business in the Dubai Design District
There have always been companies that put their business in Dubai Design District. The district has a unique mix of businesses, making it an attractive place for companies to do business. The district is constantly growing, with more and more businesses setting up shop in the area. This growth means that the future of these companies is bright. The Dubai Design District is not only a place where businesses are based, but it is also a place where the residents of Dubai can enjoy all that the city has to offer. The district is home to fashion designers, interior designers, and many other companies that have made their mark in Dubai.
- Before registering your business, it is necessary to look for the categories available for joining. The following companies are allowed to set their business here
- Companies along with free zone companies
- Foreign companies
- Architectural and designer companies
- Commercial and freelancing
- Partnership and branch offices
- All of these companies are allowed to operate in the free zone
- While if your company is operating with an on-shore license, then it will get 51% ownership. These companies are also allowed to set up business in the zone and the mainland.
- The architectural and design companies get a main and special license and a free environment to work with full collaboration.
How to Register Your Business in Dubai Design District?
If you are looking to start or grow a business in Dubai, you will need to register with the Dubai Design District (DCD), as this is where businesses must be registered to operate legally. To register your business with the DCD:
- It is necessary to get advice from a business consultant about what type of business will be best for you.
- After that, it is necessary to select the business activity or category; it is up to you whether you would like to prefer the free zone or the mainland.
- Fill out the registration form and send it to the authority for approval.
- Here you will be asked for the required space for business set up and also complete the business plan.
- After the approval, you will need to provide information about your company, such as its name and contact details in a documented form.
- You will also need to provide evidence of your company’s financial stability and confirm that it has the necessary permits and licenses.
- Along with this, you will need to pay fees for the license.
- You will get a license after complete verification, and then you are allowed to set up your own business in D3.
- Now you will be asked to open the account by following some easy steps.
- Now you are able to finalize your Visa for UAE.
- During the whole process, the assistants will be available to guide you to complete the documents and they will also guide you in every step till your business establishment.
- It is a great opportunity the beginners.
Conclusion
All we know is that the Dubai government is friendly toward businesses, and many resources are available to help new businesses succeed. The climate is perfect for business, with lots of sunshine and mild temperatures year-round. There are also many international companies located in Dubai, which provides plenty of competition for small businesses.
Dubai Design District offers a wide range of business setup and company formation options for entrepreneurs and businesses. With its convenient location, ample resources, and supportive business environment, Dubai Design District is the perfect place to start or expand your business.
