Dubai District D3

Since the formation of the UAE in 1971, Dubai has modernized itself from an oil and gas reliant state to a largely assorted economy based on global trade, banking, tourism, real estate and manufacturing. Predominantly, Dubai has been a dwelling for freezones. Feature is proud to present an innovative free zone which paves way for opportunities in the field of Fashion, Luxury & Art namely Dubai Design district (D3).

Dubai, which has so far turn into the main medium of global fashion and accessories goods, has taken anaudacious scheme to establish a hub for design, innovation and creativeness for the global fashion industry by unleashing the Dubai Design District (D3).

The UAE holds the second position in the Apparel Index, motivated by a population with a high disposable income and immense fashion consciousness. The new free zone Dubai district D3 seeks to advance the number of local and international designers who are currently attaining international distribution and recognition.

Strategically located in the heart of the city, D3 is adjacent to the Business Bay area of Dubai with the keen focus of developing the Emirate’s fashion, design and luxury sectors. D3 has access to all the compelling places of Dubai like Dubai Mall, Dubai International Financial Centre, Dubai International Airport, Dubai Media City and Dubai Internet City clusters.

D3 will offer residential, commercial, retail and hospitality real estate, characterized by different public spaces, unique street furniture and shaded walkways. The office facilities granted by D3 offers the client with diversity of options like Retail, commercial and workshop space. The evolution will include a creek side boulevard with international and boutique hotels, a pop up shop area, amphitheater and convention Centre.

Dubai design District offers 100 percent foreign ownership, an easy environment, a legal framework that encourages startups, an integrated service provision, full recovery of profits and capital and a regulatory framework.

Types of Licenses

Free Zone

Free zone licenses are often a preferred option for companies that wish to retain 100% foreign ownership. Operating with a Freezone license means that you have the freedom to work within the zone. There are a number of different types of Freezone licenses, each attracting zero tax and full repatriation of profits:

Commercial and Freelance

All Freezone licenses come under either a commercial license or a freelance permit. Commercial licenses can either be a Freezone Limited Liability Companyor a Branch Company. Freelance permit providesentities to work as a sole proprietor for the specified activity.

Definitions of each Freezone License

FZ-LLC

  • Wholly owned by the Company – an independent legal entity
  • Zero corporation or income tax for employees
  • Ability to repatriate 100% of profits
  • Can only operate within the Free zone itself
  • Must have at least one Director
  • A minimum capital requirement for incorporation is required

Branch Office of an Existing UAE Company

  • 51% locally owned
  • Zero corporation or income tax for employees
  • No share capital required
  • Not a separate legal entity from its parent
  • Conducts all or some of the operations inherent in the parent’s business

Branch Office of an Existing Foreign Company

  • Zero corporation or income tax for employees
  • No share capital required
  • Not a separate legal entity from its parent
  • Conducts all or some of the operations inherent in the parent’s business
  • Offers the ability to operate as a freelance professional
  • Identified as a sole practitioner
  • Allows practitioner to manage business under birth name as oppose to a brand name

MSZ will be glad to assist the clients who are interested in setting up their company in Dubai District D3.

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