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The TECOM invested Dubai Internet City (DIC) Free Zone is the leading information and communications technology hub in the Middle East and North African region. The free zone was built to focus on the development of the tech ecosystem and communications sector. Company formation in Dubai Internet City offers its business members a world-class infrastructure and an exceptional community.
Formed in the year 2000 and home to some of the world-renowned companies like Microsoft, Oracle, HP, Dell, Nokia, Samsung, and more, DIC has easily become a hub for IT-related businesses in the UAE. DIC free zone has opened doors allowing international businesses looking for a sustainable and profiting spot for settlement in emerging indigenous markets.
Dubai Internet City is a member of Dubai Holding subsidiary TECOM Investments. DIC is catering to dynamic start-ups that can drive innovation and reflect the vision and mission of Dubai. DIC continues to thrive in IT-related services and only keeps developing further, enabling companies to establish themselves in such lucrative markets.
The strategic location of DIC is one of its major appeals. Located at the centre of Dubai, the free zone has easy access to Sheikh Zayed Road, making the commute much more convenient and enables you to travel to other key points in Dubai much faster. DIC also offers countless amenities with over 80 restaurants, banking, and other business facilities.
Business formation in DIF Free Zone would not enable you to conduct business on mainland. However, the authorities have in place several amenities to ensure the smoothest business setup processes for entrepreneurs and investors. There are various entities that can legally be registered in DIC free zone:
DIC aims to open doors for startups and already established companies to venture into becoming a global high-tech company in the region. Hence, all activities allowed by the DIC authorities are IT-related.
When setting up a company in DIC, you will have to pay a one-time fee of AED 3,520. You will be required to pay a license fee of AED 15,020 annually as per the Dubai Internet City. You will also need to acquire a rental agreement which will cost you anywhere between AED 25,000 – AED 120,000 approximately per year depending on your requirements.
It takes less than a week to obtain your license and register your business in Dubai Internet City. You will need to renew the license every year. Any delay in the renewal of your license past the expiry date will result in a fine.
DIC authorities allow all kinds of businesses to be formed but the most prominent licenses issued to entrepreneurs are:
There are two types of office spaces you can choose between for your business in DIC free zone.
Business centre
Commercial space
The cost depends on the location which ranges between AED 175 – AED 190 per sq. ft
You are eligible for one visa every 80 sq. ft (minimum office space available is 700 sq. ft)
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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 in a different free zone, you will be required to liquidate your company in the current free zone and then begin with your company formation process in a different free zone of your choice.