Al Quoz Creative Zone
Dubai Culture & Arts Authority, Dubai
Description
Launched in April 2021, the Al Quoz Creative Zone is an integrated creative ecosystem located in the Al Quoz district of Dubai, UAE. It aims to support creative talents and entrepreneurs across various sectors of the creative economy, transforming the area into a regional and global hub for designers and artists. The zone provides facilities for production, living, and entertainment, aligning with the Dubai Creative Economy Strategy to establish Dubai as the global capital of the creative economy by 2025.
| Emirate | Dubai |
| Website | https://dubaiculture.gov.ae/en/about-us/special-projects/our-projects-events/al-quoz-creative-zone |
| Contact Email | info@dubaiculture.ae |
| Contact Info |
Phone: +971 4 515 5000
Address: Dubai Culture & Arts Authority, P.O. Box 33222, Dubai, UAE
|
| Year Established | 2021 |
| License Types | Creative License, Freelance Permit |
| License Cost | License fees are determined by the specific business activity and chosen facility within the zone. |
| Formation Cost | Formation costs depend on the selected business activity and facility requirements. |
| Minimum Capital Requirement | There is no specified minimum capital requirement, offering flexibility for creative professionals and businesses. |
| Allowed Business Activities | Writing and Publishing, Audio-Visual Media (Cinema, Music, Video), Artistic and Cultural Industries, Design (Fashion, Gaming, Software, Architecture) |
| Company Legal Structures | Sole Proprietorship, Limited Liability Company (LLC), Branch of a Foreign Company |
| Allowed Activities | Writing and Publishing, Audio-Visual Media (Cinema, Music, Video), Artistic and Cultural Industries, Design (Fashion, Gaming, Software, Architecture) |
| Restricted Activities | Activities requiring special approvals from UAE authorities |
| Investor Visa Cost | Visa costs depend on the specific business setup and individual requirements. |
| Employee Visa Cost | Visa costs vary depending on the role and specific business needs. |
| Processing Time (Days) | 21 days - The company formation process typically takes between 2 to 4 weeks, depending on documentation and approvals. |
| Visa Processing Time | 21 days |
| Physical Office Required | Yes |
| Office Space Options | Studios, Workshops, Co-working Spaces, Galleries |
| Office Space Cost | Office space costs depend on the selected facility's size and type. |
| Virtual Office Available | No |
| Bank Account Assistance | Yes |
| Bank Account Cost | Assistance is provided; costs may vary depending on the chosen bank and account type. |
| Partner Banks | Emirates NBD, Mashreq Bank, RAKBANK |
| Governing Laws | Operates under UAE federal laws and Dubai regulations. |
| VAT Registration Required | Yes |
| Corporate Tax Applicable | No |
| Annual Audit Required | Yes |
| Renewal Fees | Annual renewal fees depend on the specific business activity and chosen facility. |
| Renewal Processing Time | 7 days |
| Business Restrictions | Specific activities may require additional approvals. |
| Ownership Structure | 100% foreign ownership permitted |
| Import/Export Restrictions | No Standard customs regulations apply; specific activities may require additional approvals. |
| Benefits | 100% foreign ownership, Full repatriation of profits and capital, Exemption from personal and corporate taxes, No customs duties on goods and services, Integrated creative community with state-of-the-art facilities, Strategic location in Dubai's cultural hub, Access to a diverse network of creative professionals |
| Drawbacks | Primarily focused on creative industries; may not suit non-creative businesses |
| Specific Compliance Requirements | Compliance with UAE federal laws and Dubai regulations, Adherence to industry-specific standards and practices |
