Dubai Internet City (DIC) is the largest ICT hub in the Middle East and North Africa (MENA) region. It is centrally located in Dubai and neighbors the spectacular Palm Jumeirah. Operating since 2000, DIC is home to over 1,400 global and regional businesses of all sizes – from dynamic start-ups to high-tech companies.
The business development ecosystem of DIC continues to attract aspiring entrepreneurs. With Business Link UAE, you can start a company in the DIC Free Zone. We offer end-to-end support services to our clients. Let’s know how we can Dubai Internet City Business Setup
Dubai Internet City (DIC) is an information technology park created by the government of Dubai. Providing a strategic and cost-effective platform for Information and Communications Technology (ICT) companies. Which are targeting emerging markets in a vast region extending from the Middle East to the Indian subcontinent, and from Africa to Central Asia. DIC is the hub for IT companies where you get the opportunity to work beside Fortune and tech giants, so apply before it’s too late
The economic rules of DIC allow companies to avail themselves of several ownership, taxation, and custom-related benefits. Which are guaranteed by law for 50 years. DIC will be a good option if you are looking for a business setup in Dubai for IT services and Marketing.
Dubai Internet City Business Setup
It has grown to become the Middle East and North Africa’s largest Information and Communication Technology (ICT) Business Park, hosting both global and regional companies. The global ICT giants including Microsoft, Oracle, HP, IBM, Dell, Siemens, Canon, Cognizant, Cisco, and small and medium enterprises established their regional base in DIC The ICT cluster in DIC comprises companies from various sectors such as software development, business services, E-Commerce, consultancy and sales, and marketing.
Dubai Technology & Media Free Zone Authority (DTMFZA) is responsible for the establishment and registration of companies in Dubai Internet City. FZ-LLCs incorporated in DIC are required to have a minimum paid-up capital of AED 50,000. Branch establishments have no minimum capital requirements.
DIC provides a cost-effective base for ICT companies to explore business opportunities in the regional market. This facility enables businesses to conduct feasibility studies, evaluate future potential scout for new business or collaborative ventures, and work alongside existing and future enterprises operating within DIC.
Benefits of Dubai Internet City Business Setup
- 100% foreign ownership
- Repatriation of capital and profits
- Tax exemption on corporate income for 50 years
- 100% tax exemption on personal income for 50 years (guaranteed by law)
- The world’s largest commercial IP telephony network
- The infrastructure supporting IT business interaction and networking
- Competitive sale and lease rates of freehold offices
- Communications infrastructure offers competitive pricing of digital voice and high-speed data
- Multiple shareholders are allowed, both for individuals and corporate
Other benefits:
It offers the convenience of having more than one visa. If you want a physical presence in the free zone, DIC allows you to apply for a visa for eighty square feet of office space.
Supported Business Setup in DIC
Before knowing the documents and other procedures it is necessary to know the businesses supported in DIC. Accordingly, you need to create a business plan to be presented to DIC. License categories include
- Software
- E-Commerce
- Telecommunication and Network
- Internet and multimedia
- IT Service
Dubai Internet City Free Zone Business Set-up
Dubai Internet City (DIC), a forerunner in carrying forward Dubai’s vision of transitioning into a knowledge-based economy, has successfully developed an ecosystem for technology organizations.
DIC is home to the most prestigious global ICT giants, including Microsoft, Oracle, HP, IBM, Dell, Siemens, Canon, Logica, Sony Ericsson, Schlumberger, and Cisco, as well as many small and medium enterprises and entrepreneurial ventures. Companies from various sectors: software development, business services, e-commerce, consultancy, and sales and marketing are benefitting from various cost-effective solutions through Firststeps@dic, a facility that enables companies to conduct feasibility studies, evaluate future potential and scout for new business or collaborative ventures and work alongside existing and future enterprises operating within DIC without making a large initial investment.
Requirements for DIC Free Zone Business Set-up
Dubai Technology & Media Free Zone Authority (DTMFZA) is accountable for the establishment and registration of companies in DIC.
You need to follow the below-given steps with one of the expert business setup consultancies like us to make the whole procedure easier.
Submit the Application and Other Documents to the Account Manager:
- Application form for registration and license
- Business plan design/template
- Photocopy of Passport(s) of relevant individuals
Submit Documents and Make Payments
- Submit the documents as per the checklist
- Choose the commercial and office space
- Pay required fees: A minimum capital of 50,000 AED needs to be deposited into the DIC bank account
- Sign and Collect the lease after payment
- Once Signed, Collect Articles and Memorandum of Association
- Collect License and Certificate of Incorporation
- DIC takes 2-4 weeks to process your business setup application.
Note: There can be some extra requirements depending on your business activity.
Business Link UAE provides professional services in terms of company setup in Dubai. We guide you in applying for a trade license, business representation to the authorities, account opening, leasing a premise, and much more. Our professional business setup consultants at Business Link UAE have expertise in DIC company formation, and we provide excellent services for setting up a business in DIC.
For more information contact us at 00 971 502052735 or email us at: info@businesslinkuae.com.
