Business Setup in DIC- Free Zone
Empower your vision of a business setup in Dubai at DIC, the expanding hub of Internet and Technology. Level up your IT business game in a revolutionary ecosystem of success. Join the digital transformation and grow your global connectivity in one of the best free zones in the UAE.
Dubai Internet City (DIC) is the biggest ICT hub in the United Arab Emirates. Since its opening in 2000, it has established a strong ecosystem for software and tech firms. This highly technologized area supports Dubai’s goal of developing a knowledge-oriented financial system. DIC is strategically located, providing a door to new markets. Around 500 SMEs, startups, and MNCs have business setups in Dubai Internet City. These include tech giants like Google, Facebook, LinkedIn, Google, Samsung, Dell, Intel, etc.
DIC provides a diverse range of residential and commercial properties, catering to the needs of individuals and businesses alike. As the name suggests, this free zone provides advanced broadband infrastructure and business services to facilitate growth. It is adjacent to other free trading zones like Dubai Media City and Dubai Knowledge Park. Many companies from the Middle East, Indian Subcontinent, Africa, and CIS nations have successfully built their market here. You can also grab the opportunity of a company formation in the UAE and build expanding networks internationally.
Key Advantages of Dubai Internet City Company Formation:
- Absolute foreign ownership
- Complete capital repatriation
- 100% exemption on personal income, service, import, and export taxes
- Possible exemption from corporate tax subject to meeting criteria
- Metro Ethernet surroundings
- Hi-tech communications infrastructure
- Affordable digital voice and high-speed data services
- Possibilities for channel and market growth
Features of Dubai Internet City 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 for Business Setup In Dubai Internet City:
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.
Process of Dubai Internet City Company Formation:
- Identify the legal form of the company to be registered in DIC
- Select an activity from the DIC activity list
- Apply for name and initial approval
- Payment of fees related to DIC business setup
- Sign DIC company registration and incorporation documents
- Apply for a DIC residence visa
Documents Required for DIC Company Registration:
The documents required for business set up in DIC (Dubai Internet City Free Zone) depend on whether a shareholder is an individual or corporate entity. The basic requirements are:
- Color passport copy of shareholder/director/manager
- Color UAE residence visa & emirates id copy
- Utility bill copy
- CV/Resume
- Business Plan
- NOC from the current sponsor
Company Formation Cost in DIC (Dubai Internet City):
DIC Company Setup begins from AED 38,160/-
Other Notes for DIC – Dubai Internet City Company Formation:
- Document for business setup in Dubai Internet City to be legalized with UAE Embassy in case of a corporate shareholder.
- Shareholders or directors wishing to have UAE residency visas on the said company will need to revisit after issuance of the 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.
- Company Immigration/Establishment card to be renewed every year.
- Investors to have a family status UAE visa should have a share capital of AED 75,000/- and to be eligible for an Owner/Investor/Partner visa should have a share capital of AED 60,000/-
How GBS Helps
Discover new opportunities worldwide with business setup consultants at Global Business Services DMCC. From researching markets and following laws to making strategic plans, our reliable services guarantee your success in the global market. Our professionals can help you expand your business globally.
We offer personalized solutions to support you at every stage of company formation in the UAE. Call us now at 050-8992852 or drop an email to sagar.mehta@gbsei.com to learn about special promotions/offers related to business setup in DIC.
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)
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)
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Copyright © 2020 Global Business Services.