How To Start Freezone Company Setup in Dubai Creative Clusters Authority (DCCA)?

DUBAI CREATIVE CLUSTERS AUTHORITY (DCCA)

The creative industries, loosely defined as industries that use intellectual capital as their primary input, range from film to design and gaming to architecture. These industries are critical drivers of innovation, the engine of growth in knowledge-based economies; generating high-value, highly skilled employment. The creative industries also contribute greatly to an enhanced quality of life.

 

As Dubai moves towards the implementation of a number of ambitious initiatives – the Dubai Plan 2021, Expo 2020, and the Dubai Innovation Strategy – Dubai Creative Clusters Authority is committed to forging Dubai’s global reputation as a leader in creativity and a hub for innovation.

 

Dubai Creative Clusters Authority (DCCA) has identified 7 strategic objectives that underpin the successful delivery of its mandate to support Dubai’s strategy for innovation:

  • Ensure world-class infrastructure and activate a vibrant community
  • Develop business-friendly regulations and ease of doing business
  • Increase the size and skills of the creative talent pool
  • Foster entrepreneurship, SMEs, and innovation
  • Foster dynamic industry ecosystems
  • Deliver high-quality research, analysis, and insights
  • Optimize organizational effectiveness and invest in our people.

 

DCCA regulates a diverse Free Zone comprising 10 clusters dedicated to creative and other knowledge-based industries.

DCCA is responsible for providing the regulation and policy framework to enable the growth and long-term competitiveness of Dubai Creative Clusters. These clusters are owned and operated by TECOM Group, Dubai’s pioneering master developer of industry-focused clusters. In each cluster, start-ups, established leaders, and talented workers in the same industry colocate to create vibrant hubs for creativity and innovation that drive economic growth in Dubai’s knowledge-based economy.

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Mainland Company Setup

Complete exemption from corporate tax
Possible to operate from UAE
No Capital requirements
No currency restrictions
Employment visa processing made simple
Repatriation of profits and capital
No audit requirements
Minimum responsibility and maximum benefits
Single person can open up an LLC
The maximum number persons or employees an LLC can have is 50
Corporate bank account in UAE
The UAE Companies law does not prescribed any minimum share capital but the entity should have adequete capital to achieve the incorporation purpose. Normally accepted minimum share capital for an LLC registered in Dubai was AED 100,000.

Presently, there is no requirements to deposite the share capital in UAE local bank.

Draft the MOA and AOA
Help in obtaining approval from DED
Registering the company name
Acquiring out an office space