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Dubai Internet City(DIC) Free Zone Onshore Company, Dubai (U.A.E.)

DIC

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

Dxb Internet City is a 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. Dxb Internet City provides an environment that attracts all elements of the ICT value chain, and in addition, has developed several programmes 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.

Location: Dubai Internet City, Dubai, (U.A.E.)
Permitted activity: Software/ Internet & Multimedia/ Telecommunication & Network/ IT-Services
License available: Commercial license
Types of entities: Free Zone-Limited Liability Company (FZ-LLC) & Branch office
Shareholder: Can be individual or corporate entity
Director: Individuals only
Share capital: Minimum of AED 50,000/-
Audit: Audit report is not required to be filed with the authority
Estimated time: Minimum of 5 - 6 working weeks to obtain final trade license
Key benefits:
  • Ownership, Taxation, Repatriation Advantage.
  • 100% foreign ownership
  • 100% repatriation of capital and profits.
  • No personal income tax.
  • No corporate tax.
  • Metro ethernet environment, Communications infrastructure based on next-generation technologies, Digital voice and high speed data services offered at competitive rates
  • Opportunities for channel and market development
Renewal: License of the company has to be renewed on annual basis. Penalty would be charged by the authority if license is renewed after expiry date.

Starting from AED 26,020/- onwards (inclusive of license, registration and hot desk facility) and renewal charges amounts to AED 22,510/- from next year onwards. However please note that the above mentioned charges can vary depending upon the number of licenses applied under one company and also depends upon the leasing/office facility acquired

GBS has helped many individuals and corporate entities to set up their businesses in Dubai Internet City Free Zone. GBS provides you consultancy and helps you with company incorporation services at 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.