Dubai is one of the largest business and industrial hubs in the world. This led to the establishment of the DIC or Dubai Industrial City in 2004. The main objective was to the expansion of the industrial sector in the United Arab Emirates. Soon, the Dubai industrial city would be the largest manufacturing and logistics destination in the middle east.
Why Dubai Industrial City?
Dubai Industrial city was formed to attract foreign investors in the small and medium manufacturing industries, especially in the sectors like food and beverages, transportation, machinery and others. This hub also includes retail showrooms and commercial office spaces.
Dubai Industrial city is located near jebel Ali port and Ali Maktoum airport, which makes global transportation easy.
Feature of Dubai Industrial City
The Dubai industrial city provides investors with the following facilities :
- 24/7 security
- Fire and safety
- Mechanical, electrical and plumping
- Medical Facilities
- Specific areas for prayer
Companies in Dubai Industrial City
With more than 700 companies,5000 plus workforce and 320 factories functioning inside the DIC, which makes it one of the largest free zones in Dubai. Manufacturing industries are provided with their respective zones as below:
- Zone 1: Food and Beverages
- Zone 2: Transport equipment and parts
- Zone 3: Machinery and Equipment
- Zone 4: Mineral products
- Zone 5: Healthcare
- Zone 6: Medicines
Three million additional square feet of space is provided for the storage of automobiles and other equipment.
Types of Companies
- Limited Liability Company
- Joint Venture
Types of License
The minimum share capital of AED 3,00,000 has to be shown in the memorandum of association
Advantages of Setting up a Business in Dubai Industrial City
The incorporated companies can avail the following benefits under the Dubai industrial city:
- 100% ownership
- No corporate tax
- No income tax
- Duty-Free Imports
- Close Access to the Airports
- Tariff free access to GCC Market.
Setting up a Company in DIC
The foremost important thing is to obtain a license from the Department of Economic Development. Reservation of a company name is the next step according to the availability and to get a trade license from the Dubai chamber of commerce and industry.
To get the registration certificate, the following documents must be submitted :
- An application form
- Memorandum of Association
- ID proof of the owner and shareholders
- Company name approved materials
We can conclude by saying that DIC provides all the essentials to set up an industry. It acts as a platform for small and medium enterprises to expand and grow.DIC is one of the most famous free zones in Dubai, which attracts the most number of foreign investors.
Commitbiz is one of the pioneers in business setups in Dubai. We've been established for more than 13 years. We help clients to set up business in the UAE, and with more than lakhs of satisfied customers, we helped them build their business from scratch to where they are today.
For any queries regarding business setup in Dubai industrial city, please feel free to contact us today.
What are the primary industrial sectors that are expanding in Dubai?
The growing major industrial sectors in Dubai are
Real estate and construction
Retail and wholesale trade
Transport and telecommunication sector
Tourism and hospitality
Finance and insurance
What is the other name of Dubai Industrial City?
Dubai Industrial Park
What business activities can be done by the manufacturing companies in Dubai International Park?
The manufacturing companies in Dubai International Park can process minerals, metals and even chemical products.
What minimum share capital is required to establish an LLC in Dubai Industrial Park?
The minimum share capital required to establish a limited liability company in Dubai Industrial Park is 300,000 AED.