Dubai Internet City Free Zone

Are you interested in starting your own tech business? Whether you are a budding entrepreneur or a seasoned businessperson, Dubai Internet City (DIC) offers a home to everyone.

Dubai Internet City Free Zone is the largest Information and Communication Technology (ICT) community in the Middle East. The business park aims to cultivate innovation, partnership, and development. The booming technology and internet services are the primary factors fueling growth within this free zone.

This article will provide you with all the necessary information required to start a business in Dubai Internet City freezone.

Why Should You Start a Business in DIC?

Dubai Internet City company formation can be opted for a number of reasons. Some of them are listed below -

  • Tax Benefits - When you set up a company in DIC, you can avail certain tax benefits such as no personal tax and low corporate tax if your company earns more than 100,000 USD in profits. 
  • Simple Business Setup Process - The company incorporation process in DIC is very simple and quick. The incorporation process can be completed within a week. We at Commitbiz have successfully assisted companies in setting up their business in the Emirate. 
  • Business Policies - The DIC free zone has pro-business policies that provide you flexibility while conducting business operations.
  • Full Ownership and Repatriation of Profits - Setting up a company in Dubai Internet City allows you to have complete ownership of your company. Your company can make 100 percent repatriation of profits. 
  • Trade Currency -  There is no restriction on the use of currency in DIC. It provides flexibility to do business with companies located in any country.
  • Government Support - The DIC free zone has full support of the government and is equipped with advanced infrastructure, efficient internet, banks, and office spaces.

What Activities are Permitted in Dubai Internet City Freezone?

The Dubai Internet City freezone allows you to engage in activities such as internet and digital media, software development, telecommunications, information technology services, e-commerce, and consultancy services.

What Licenses are Needed for DIC Company Formation?

The licenses required for setting up a company in Dubai Internet City free zone is based on the business activity of your company. Since DIC is a tech park, the licenses you can choose from are Internet and Multimedia, Media and Marketing, Telecommunication, Software, IT services, and E-commerce.

Business Structures in Dubai Internet City Free Zone

To start your company in DIC, you must select an appropriate business structure that supports your business goals. The business structures permitted in Dubai Internet City are Limited Liability Companies (LLCs), and branches of UAE-based and foreign companies.

Documents Required for Business Setup in DIC

The following documents need to be submitted while registering your business in DIC.

  • Memorandum of Association (MoA)
  • Passport copy of all shareholders
  • Address proof of all shareholders
  • Articles of Association (AoA)
  • Business plan

How do you Start a Company in Dubai Internet City?

  1. Select a business structure for your company. 
  2. Decide on a suitable name for your company and get it approved by the DIC free zone authorities.
  3. You must submit the necessary documents along with the filled-out application form to the relevant authorities.
  4. Apply for the necessary license based on your business activity and pay the required fees to the authorities.
  5. Open a bank account to conduct daily business transactions.

Dubai Internet City Free Zone is an ideal destination for tech and ICT-related businesses looking to set up shop. If you want to save on costs and have access to high-tech infrastructure and captivating markets around the world, look no further than DIC. Our experts have guided many entrepreneurs in setting up their dream businesses across Dubai and the UAE. Speak with them to know the details on how to incorporate your company in the DIC freezone.

FAQs

Is there a requirement of minimum capital investment when establishing a company in the Dubai Internet City Free Zone?

There is no such requirement for setting up business in the DIC Free Zone.

Can companies registered in the DIC freezone trade with entities outside the UAE?

Yes, companies registered in Dubai Internet City Free Zone can conduct international business activities with entities outside the UAE. It is however subjected to relevant regulations and licensing requirements.

Are there any restrictions on the type of activities permitted in Dubai Internet City Free Zone?

Certain business activities such as banking, insurance, and retail are prohibited within the freezone.