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Company Formation in DTEC - Dubai Technology Entrepreneur Centre
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Dubai Technology Entrepreneur Centre (DTEC) is a business centre developed by Dubai Silicon Oasis Authority for accommodating and supporting technology companies and young entrepreneurs who need Company formation in Dubai Silicon Oasis. DTEC is a Free Zone dedicated only to IT related licenses.

With over 3,600 square meter of space it is the largest entrepreneur center in the Middle East housing space for over 1,000 innovative and technology driven minds. The main mission of DTEC is to attract and support inspiring tech ideas within a creative environment that encourages the success and growth to the entrepreneur.

DTEC is designed as a high-tech ecosystem which offers businesses a plethora of advantages including a state-of-the-art infrastructure, in-house business services and strong business support such as technology investment incentives for large enterprises, entrepreneurial support, incubation centre and venture capital funding.

Key Benefits of Company Formation in Dubai Technology Entrepreneur Centre (DTEC):

  • 100% foreign ownership,
  • 100% repatriation of capital,
  • 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
  • No currency restrictions,
  • Low cost of operations,
  • Access to regional pool of talented and engineering professionals,
  • Access to consumer markets of 5 billion people across MENA and Indian Subcontinent.
Characteristics of DTEC Company Setup:

Location:

DTEC Building, Dubai Silicon Oasis, Dubai, (U.A.E.)

Proposed activity:

Computer Graphic Design Services, Software House, Electronic Chips Programming, IT Infrastructure, Web-Design, Public Networking Services, Internet Content Provider, Portal Building, Portal.

Business setup license available:

Service license is the only available option for DTEC Company Setup

Type of DTEC entities:

FZE (single shareholder), FZCO (2-10 shareholders) & Branch office

Shareholder:

Can be Individuals or Corporate entity

Director:

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

Share capital:

AED 10,000/- (10 shares of AED 1,000/- each) in case of FZE/FZCO & AED Nil/- in case of Branch office. (Required to be deposited in bank before or after 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:

Annual audit report to be filed in DTEC (licensing authority) by FZE & FZCO. Not required for Branch.

Estimated time:

3 to 4 weeks to obtain trade license of the company and register a company in DTEC

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

DTEC Company Setup Process:

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

Documents Required for DTEC Company Registration:

The documents required for business set up in DTEC depends on whether a shareholder is individual or corporate entity. Basic requirements are

  • Color passport copy,
  • Color UAE residence visa & emirates id copy,
  • Business plan,
  • CV/Resume,
  • NOC from existing sponsor,

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

Company Formation Cost in DTEC – Dubai Technology Entrepreneur Centre:

DTEC Company Setup begins from AED 22,000/-

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 DTEC Free Zone.

Other Notes for DTEC/ Dubai Technology Entrepreneur Centre 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 DTEC Free Zone. Our company acts as a one stop solution for DTEC company incorporation services.

If you are looking for DTEC 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 DTEC 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.

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Copyright © 2020 Global Business Services.

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