Al Quoz Creative Zone
Dubai Culture & Arts Authority, Dubai
Description
Al Quoz Creative Zone
| 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 |
