Dubai Internet City Free Zone (DIC)
The largest Information and Communications Technology cluster in the Middle East and North AfricaDubai Internet City Company Registration
Get the process of your company formation in Dubai Internet City started now and take advantage of hassle-free registration. Contact Shuraa today for more information about license, visa, and other corporate services.
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.
BENEFITS OF COMPANY FORMATION IN DUBAI INTERNET CITY:
- 100% foreign ownership
- No personal, income, or corporate taxes for 50 years
- Full repatriation of capital and profits
- Ample opportunities for market development
- Digital voice and high-speed data services offered at affordable rates
- Modern communications infrastructure on new innovative technologies
- Commercial offices, business centres, and conference facilities
- Protection of properties and assets
TYPES OF LEGAL ENTITIES IN DIC:
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:
- Free Zone Limited Liability Company (FZ-LLC)
- Branch of a UAE company
- Branch of a foreign company
BUSINESS ACTIVITIES PERMITTED IN DIC:
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.
- IT services
- Consultancy
- E-Commerce
- Multimedia development and distribution
- Software development, installation, and modifications
Dubai Internet City LICENSE:
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:
- Software License
- Telecommunications and Networking License
- E-Commerce
- IT Service
- Internet and Multimedia
DIC VISA:
There are two types of office spaces you can choose between for your business in DIC free zone.
Business centre
- Shared desk (2 visa eligibility)
- Exclusive desk (2 visa eligibility)
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)
Be a part of this innovative city with Shuraa Business Setup. To know more about Dubai Internet City or for queries with regards to company formation in Dubai free zones, contact Shuraa today! Shuraa is a business setup company that provides you with Dubai company registration, business licenses, PRO services, and more. Shuraa offers solutions for your business-related needs with regards to company formation in the UAE.
Can I renew my license without being in Dubai?
Yes, you can renew your license remotely through a registered agent with just an authorization letter and renewal fees.
How many days would it take to get my license and register my business in Dubai Internet City?
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.
Do I need to have a local partner to start my company?
No, you do not require a local partner to start your company. Thus, enjoy 100% business ownership.
Can I transfer my license to Dubai Internet City from another free zone?
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.
Do I need to submit an audit report to the DIC authorities?
No, you are not required to submit your company’s audit report to the DIC authorities.
Can I acquire a freelancer permit in DIC?
Yes, you can obtain a freelance permit in DIC free zone.
Can I transfer my company from one free zone to another in the UAE?
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.