Dubai Internet City Company Formation

Name: Shuraa Business Setup
Brand: Shuraa
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Transform your business vision into reality at Dubai Internet City

Business Setup in Dubai Internet City (DIC)

In an era where technology permeates every aspect of our lives, from the personal to the professional, its influence is ubiquitous – shaping our homes, workplaces, and the spaces that connect them. Over the last two decades, the rapid evolution of digital technology has not only revolutionized industries but has fundamentally transformed the way we navigate and interact with the world around us. Dubai, known for its forward-thinking approach, has consistently been at the forefront of governmental initiatives aimed at attracting foreign capital. A shining testament to this commitment is Dubai Internet City (DIC). Established in 1999, DIC has emerged as a dynamic hub that fosters innovation and technological advancements. It provides an environment where cutting-edge companies, including industry giants like Sony Ericsson, HP, Oracle, and Microsoft, contribute to the global tech landscape.

For entrepreneurs seeking to establish their presence in this dynamic digital ecosystem, Dubai Internet City offers a strategic and supportive environment. The free zone’s commitment to facilitating business growth is reflected in various incentives, including 100% ownership, exemption from customs duty, and zero corporate or personal income tax. These factors, combined with state-of-the-art offices, excellent retail services, and 24-hour security, make DIC an ideal destination for businesses looking to excel in the digital age. If you’re considering business setup in Dubai Internet City, Shuraa Business Setup stands ready to be your guide and partner in this venture. With expertise in navigating the intricacies of the setup process, we can provide valuable insights and assistance at every step. Contact Shuraa Business Setup today to explore the possibilities and step on a journey of success in one of the world’s most dynamic business landscapes.

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Advantages of Dubai Internet City Company Formation

The following are the benefits of Dubai Internet City Company Formation are as follows:

Established Innovator: Founded in 1999, DIC fosters cutting-edge solutions and hosts industry giants like Sony Ericsson and Microsoft
100% Ownership: Enjoy full business ownership within the free zone
Duty-Free Advantage: Benefit from a complete exemption from customs duty
Capital Flexibility: Experience unrestricted capital movement for business operations
Easy Licensing: Setup hassle-free with simplified licensing procedures
Cyber-Secure Environment: Adhere to cyber regulations for a secure business landscape
IP Protection: Safeguard intellectual property within the DIC free zone
Zero Tax Regime: Enjoy a tax-free environment with 0% corporate and personal income tax
Currency Freedom: No restrictions on currency transactions
Modern Offices: Access state-of-the-art office facilities for your business needs
Retail Convenience: Benefit from excellent retail services on-site
24/7 Security: Ensure business safety with round-the-clock security measures

Legal Entities in Dubai Internet City Free Zone:

Free Zone Limited Liability Company (FZ-LLC):
Ownership: 1 to 50 individuals or corporate shareholders
Minimum Share Value: AED 1,000*
Minimum Share Capital: AED 50,000*
Branch of a UAE Company:
Open to UAE residents
No capitalisation requirement
Branch of a Foreign Company:
Open to foreign nationals
No capitalisation requirement

Key Information:

Permissible Activities in Dubai Internet City:

Software Development: Whether proprietary or third-party, it involves software product development, installation, or modification
Telecommunications and Networking: Covers the development, modification, operation, or provision of network-based services for self or third parties.
E-Commerce Services: It encompasses selling individual goods or services to third parties through electronic media platforms like search engines, websites, social media, etc.
IT Solutions Provision: Includes standardized IT-based services such as security solutions, localization, training, and corporate learning
Internet and Multimedia Services: Involves developing, distributing, or providing Internet or multimedia content, including acting as an intermediary between companies or individuals via online platforms.

Required Documents for Dubai Internet City Business Registration:

For Individual Applicants	For Shareholder-based Corporate Applicants	For Foreign Company Branches
Certified lease agreement for approved office space	Certificate of registration for the existing company	Shareholders' passport copies
Notarised Power of Attorney (if a local representative is involved)	Board resolution from the current company board of directors	Passport and CV of the designated Manager of the branch office
Filled personal information sheet for applicants and stakeholders	Documentation of the physical address of the existing business	Completed personal information sheet for each shareholder
Copies of the applicant’s passport	Duly notarised Memorandum of Association or Articles of Association	Proof of trade name approval
Applicant’s resume	Lease agreement for new approved office space in DIC	Proof of initial approval from the authority for business activities
Initial approval of intended activities from Free Zone Authority	Copies of Passport and CV of the designated Manager	Notarised Memorandum of Association or Articles of Association
Trade name approval	Completed personal information sheet for each shareholder and manager	Board resolution from existing company expressing intent to incorporate
Any additional documents requested by the registrar	Shareholders’ passport copies	Certificate of registration for the parent company
Capital investment of AED 50,000	Proof of initial approval from DIC authority for initial activities	Certificate of good standing from registrar of companies

With Shuraa Business Setup

At Shuraa Business Setup, we're your partners in navigating Dubai Internet City's business setup complexities. From trade name selection to final licensing, our specialists streamline the process. We handle paperwork, bureaucracy, and post-setup services like office setup, banking, insurance, and compliance. We're your one-stop solution for an entrepreneurial journey. Let's meet, discuss your needs, and make your business big.

Frequently Asked Questions

Yes, you can renew your license remotely through a registered agent with just an authorization letter and renewal fees.

It will take you less than a week to obtain your license and register your business in Dubai Internet City. You will be required to renew the license every year. However, any delay in the renewal of your license past the expiry date will result in a fine.

No, you do not require a local partner to start your company. Thus, enjoy 100% business ownership.

Yes, a license from another free zone in the UAE can be transferred to DIC. Although, you will need approval from Dubai Development Authority (DDA) and transfer your license to DIC.

No, you are not required to submit your company’s audit report to the DIC authorities.

Yes, you can obtain a freelance permit in DIC free zone.

It is not possible to transfer your company from one free zone to another. You can, however, set up a branch of your existing company in a different free zone. Although, if you want to transfer your company to a different free zone, you will be required to liquidate your company in the current free zone and then begin your company formation process in a different free zone of your choice.