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Dubai Internet City Free Zone
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Dubai Internet City is the Middle East and North Africa’s largest ICT hub. Since the year 2000, DIC has successfully developed a prosperous ecosystem for technology organizations and has been one of the forerunners in carrying forward Dubai’s vision of transitioning into a knowledge- based economy.

DIC is home to Fortune 500 companies and multinationals, including global names such as Facebook and LinkedIn, as well as some of the region’s most dynamic and successful technology SMEs and start-ups from all elements of the ICT value chain. DIC provides an environment that attracts all elements of the ICT value chain, and in addition, has developed several programmers that can be leveraged by the community to explore and expand channel development opportunities. Companies are privy to an advanced Metro Ethernet broadband infrastructure and a range of business enabling services including government transactions.

Built inside a free trade zone, DIC is a strategic base for companies targeting emerging markets in the neighbouring regions, DIC’s markets extend from the Middle East to the Indian Subcontinent and from Africa to the CIS countries, covering three billion people. DIC also has the world’s largest commercial IP Telephony network. Dubai is the ideal base for multinationals targeting markets in Central Asia, the Middle East, Africa, the Asian Subcontinent and the Eastern Mediterranean.

Major Benefits of Company Formation in DIC (Dubai Internet City Free Zone):

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • Metro Ethernet environment,
  • Communications infrastructure based on next-generation technologies,
  • Digital voice & high speed data services offered at competitive rates,
  • Opportunities for channel and market development.
Characteristics of DIC Company Setup:

Location:

Dubai Internet City, Dubai, (U.A.E.)

Proposed activity:

Software, Internet & Multimedia, Telecommunication & Network, IT services related activities can be carried out in DIC.

License available:

Commercial Trading & Service license are available options for DIC – Dubai Internet City Free Zone.

Type of entities:

Free Zone-Limited Liability Company (FZ-LLC) & Branch office

Shareholder:

Shareholder for Dubai Internet City Free Zone (DIC) Company can be Individuals or Corporate entity,

Director:

Individuals only (Minimum one. Shareholder can also be Director)

Share capital:

AED 50,000/- (50 shares of AED 1,000/- each) for FZ – LLC DIC Setup and AED Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)

Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.

Audit:

Audit report is not required to be filed with DIC.

Estimated time:

4 to 6 weeks to obtain license of the company and register a company in DIC (Dubai Internet City Free Zone)

Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.

DIC (Dubai Internet City Free Zone) Company Setup Process:

  • Identify the legal form of company to be registered in DIC
  • Select activity from DIC activity list,
  • Apply for name and initial approval,
  • Payment of fees related to DIC business set up,
  • Sign DIC company registration and incorporation documents,
  • Apply for DIC residence visa.

Documents Required for DIC Company Registration:

The documents required for business set up in DIC (Dubai Internet City Free Zone) depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Utility bill copy,
  • CV/Resume,
  • Business Plan.
  • NOC from current sponsor

To know more about the complete requirements for company formation in Dubai Internet City Free Zone (DIC) call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com

Company Formation Cost in DIC:

DIC Company Setup begins from AED 50,520/-.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DIC.

Other Notes for DIC – Dubai Internet City Free Zone Company Formation:

  1. Document to be legalized with UAE Embassy in case of corporate shareholder
  2. Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
  3. Company Immigration/Establishment card to be renewed every year
  4. Investors to have family status UAE visa should have share capital of AED 75,000/- and in order to be eligible for Owner/Investor/Partner visa should have share capital of AED 60,000/-

Global Business Services DMCC has helped many individuals and corporate entities to set up their businesses in DIC. Our company acts as a one stop solution for DIC company incorporation services.

If you are looking for DIC company setup, please get in touch with us for professional assistance.

Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to know about special promotions/offers related to business setup in DIC (Dubai Internet City Free Zone).

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.

GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:

Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)

QUICK LINKSOur Services
GET IN TOUCHGBS Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.
AVANTAGEHeadquarters
Organically grow the holistic world view of disruptive innovation via empowerment.
OUR LOCATIONSWhere to find us?
GET IN TOUCHAvantage Social links
Taking seamless key performance indicators offline to maximise the long tail.

Copyright © 2020 Global Business Services.

Copyright © 2020 Global Business Services.

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