Dubai creative cluster Authority:
DCCA, a regulatory and authority came in existence under the supervision of Sheikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Ahmad Bin Byat as Director General, was formerly known as the Dubai Technology and Media Free Zone Authority (DTMFZA), provides a standard set of rules and regulation to establish business in Dubai free zone.
An opportunity for the individuals as well as for the foreign parties to invest in a region most suitable to make money and expend their business. As Dubai has attracted a large number of employee and well-known investors becoming a worldwide hub of business by providing businessmen exclusive services on very low rates. The administrative body is responsible for the growth of Dubai’s creative industries by developing appealing policies and flourishes programs and make it a big hit to attract and retain creative businesses in Dubai
How it Works:
DCCA controls visa, licensing and zoning rules. It not only manages the license and administrative legal documents but has the power to officially take decisions and enforces laws based on their judgements. DCCA operates in nine Dubai free zones, that includes:
- Dubai Media City
- Dubai Internet City
- Dubai Studio City
- Dubai Knowledge Village
- Dubai Science Park
- Dubai Outsource Zone
- Dubai Design District
- Dubai International Academic City
- International Media Production Zone
Dubai creative cluster Authority issues three types of licenses:
- A Free Zone Company (FZ LLC)
- A Branch of a UAE or foreign Parent Company
- Freelance Permit
A Free Zone Company (FZ LLC):
An FZ LLC is a distinct legal limited entity, same a liability company on mainland that requires to be shared by two shareholders in terms of minimum capital, physical burden and business profit. Shareholders can be corporate entities as well as two persons or both.
A Branch of a UAE or foreign Parent Company:
A child body or sub office that is legally dependent on its parent company whether it is based anywhere in the world. In order to be licensed or get processed, they have to fulfill all the basic functionalities as their root company does but they don’t need to show minimum capital requirements for branches of a worldwide company.
The regulatory body only permit this type of license in free zones. This gives the individuals same right as solopreneur, to carryout professional services and under their name.
Starting your business with DCCA:
DCCA welcomes a person to take initiative and establish a business Dubai free zone as the government announced 0%tax for the entities to work in Dubai. This favor adds another plus to work with DCCA. The primary purpose to initiate this project by the government is to empowering the communities in shaping the future of Dubai.
Procedure to be followed:
To Start your business under DCCA, following steps should be fulfilled:
Firstly, set of license guidelines is issued by the DCCA, once you accept the property terms and conditions then they build a trust worthy relationship with you.
Secondly, you need to fill the application form, designed by government of Dubai to apply for business type. Once the authorities are known to the type of business or industry, you belong or step-in, then registration process takes place. After this, you need to submit your legal and supportive documents to abstain your process your rejection.
- CV’s of both parties
- Certificate of In-corporation
- Trade License, if any
- Character Certificate
- Banking Reference (Shareholders)
- Form of Registry Identification Code (RIC)
- Power of Attorney
- Letter of no objection
You have to pay all applicable fees mentioned according to the agreement.
Sign Lease Agreement and Personal Sponsorship Agreement
Collect your license and copy of registered documents.
KWSME Role in providing you services:
Entering in the world of business as entrepreneur or solopreneur, you need somebody to process your detailed documents from understanding the laws of Dubai, to get the license of your business, here KWSME can help you. From understanding your business basic requirements and your minimum capital, we can offer you services to setup your business in Free zone company formation in Dubai. For more information about establishing your company in Dubai, Please Contact Us or call on 00971-(04) 871 4313, or send an email to firstname.lastname@example.org