Dubai Creative Clusters Authority (DCCA)
Dubai Creative Clusters Authority (DCCA), formerly known as Dubai Technology and Media Free Zone Authority (DTMFZA) was launched in year 2000 to establish Dubai as a worldwide hub for knowledge-based industries such as Media, IT, Fashion, Movie and Production, Science and Technology, etc. The zone comprises 9 clusters catering to the needs of 7 creative and other knowledge-based industries. Such industries are:
Media & Entertainment
The fast-developing Media and Entertainment business plays an important role in the cultural improvement, innovation and economic development not only in the region but worldwide. Dubai Media City, Dubai Studio City and Dubai Production City Free Zones are all under this industry. Such free zones are home to some of the world’s biggest Media and Entertainment businesses including Walt Disney, CNN, Guinness World Records, Sony and many more.
Information and Communications Technology
The Information and Communications Technology business plays a transformative commercial role, acts as a substance for efficiency, improves connectivity between markets, and speeds up the exchange of advanced ideas. Dubai Internet City Free Zone, the home to some of the world’s biggest online and technology businesses including Microsoft, Oracle, Dell, Mastercard and many more – falls under this industry.
The Outsourcing industry provides employment and guarantees business sustainability and agility. Dubai Outsource City is the dedicated outstanding free zone under DCCA to local and international outsourcing companies.
The Higher Education industry guarantees the provision of a highly skilled people in line with future industry requirement, significant for the sustainable growth of the knowledge-based economy. Numbers of outstanding universities are registered in the designated Higher Education Free Zone – Dubai International Academic City.
Human Capital Development
The Human Capital Development industry allows businesses to grow and retain their workforce, and offers how workers can adapt to the needs of a dynamic economy by preparing themselves with new skills, as well as enhance their current skills. Dubai Knowledge Park is the dedicated free zone for this industry – that provides facilities for corporate training and learning institutions.
Life Sciences/Energy & Environment
Dubai Science Park (DSP) formerly known as DuBiotech and EnPark is the region’s first free zone that caters the entire value chain of the science area, dedicated to supporting entrepreneurs, SMEs and multinational enterprises.
The Design industry is a major employer of inventive talent. It is also a major contributor to the brand equity of a city – in this case, of ‘Brand Dubai’. Dubai Design District (D3) Free Zone, the home for the region’s growing community of creative thinkers – is the dedicated free zone for this industry.
Having high caliber companies and brands registered in the jurisdiction, DCCA is recognized as one of the most credible free zones in the UAE. Good news is that each free zone is keen in welcoming smaller businesses as well – giving the start-ups the opportunity to grow and work together with the well-established and big corporations.
Investors may choose from 3 company types to be established in DCCA.
Free Zone Limited Liability Company (FZ-LLC) A Free Zone Limited Liability Company (FZ-LLC) is formed as a separate legal entity, with shareholders as individuals and/or corporates. The minimum capital requirement for incorporation depends on the business activity.
Branch A Branch of a Foreign or a UAE company is not a legal entity separate from its parent but is considered a place of business that forms a legally dependent part of the parent company and conducts all or some of the operations inherent in the parent’s business. No share capital is required to set up as a branch.
Freelance The Freelance Permit offers the ability to operate as a freelance professional. The Permit identifies the investor as a sole practitioner and enables them to conduct their business in their birth name as opposed to a brand name.
For more details on the DCCA company formation procedure, please see – www.propartnergroup.com/free-zone-formation/free-zone-procedures And DCCA’s residence visa application – www.propartnergroup.com/2018/01/free-zone-visa-dubai-abu-dhabi-uae It is imperative to first seek professional advice and guidance if you are considering establishing a company in Dubai Creative Clusters Authority, appointing a company formation specialist such as PRO Partner Group will remove the complexity of setting up your business, ensuring that the process is handled correctly to save time and resources.
#DubaiCreativeClustersAuthority (#DCCA), formerly known as Dubai Technology and Media Free Zone Authority (#DTMFZA) was launched in year 2000 to establish #Dubai as a worldwide hub for knowledge-based industries https://t.co/jAGXLkqmrT— PRO Partner Group (@PROPartnerGroup) February 28, 2018