Dubai Internet City: Business setup in DIC Dubai Internet City (DIC)is a huge techno-hub established in 2000. With over 24,000+ professionals, it is home to 160+ nationalities. Also, there are 12 innovation centres. It offers a perfect business environment for more than 1600 companies. It is an excellent
choice for setting-up business for all Information, Communication, and Technology Companies. DIC provides a cost-effective base for all ICT companies so that they can explore all business opportunities.
Types of Licenses available Free Zone Limited Liability Company It is an independent legal entity. Branch office of a Foreign Company
The branch office of a
foreign company can be formed with no minimum share capital prerequisites.
Branch office of a UAE Company It’s a branch office of an existing UAE company, and it does not have a separate legal entity.
Freelance Permit
It gives an individual the liberty to operate as a freelance professional.
Benefits of Dubai Internet City Business Set-up 0% corporate tax
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0% personal income tax
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24*7 visa service
Benefits of Dubai Internet City Business Set-up 100% repatriation of capital and profits
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24*7 security service
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08 Straightforward registration process
IT infrastructure is highly advanced
Benefits of Dubai Internet City Business Set-up The legal framework is simple
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No customs duty for goods and services
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12 Fantastic road and metro connectivity
Strategic Location
Offerings of Dubai Internet City 1. Commercial Spaces The office spaces are strategically located and are adaptable to the needs of every business. Some features offered are-
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Prototyping labs
Retail and event venues
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Offerings of Dubai Internet City 2. Retail With over 24,000+ professionals working together, it is just the right place if you wish to grow your retail business.
3. In5 Centres It is an innovation platform for all start-ups and entrepreneurs.
4. Co-working Spaces They minimize the investment by offering Flexi desks and
private offices. Both executive offices and executive desks are available.
Offerings of Dubai Internet City 5. Go Freelance The Freelance facilities are provided in three industriesTech, Media, and Education. It is a simple process of applying and then signing and payment and then finally obtaining the freelance permit. The documents required for securing the permit-
Application Form
Visa Copy
Passport Copy
NOC of the sponsor (if Go Freelance permit is being applied for without visa)
Offerings of Dubai Internet City 5. Go Freelance
Bank Reference Letter
Portfolio or Sample of Work (this is for Media sector only)
Credentials and Certificates for the Ed ucation sector only
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Offerings of Dubai Internet City 6. Light Industrial Units They are strategically located and multi-purpose.
7. Warehouses It offers multi-purpose warehouses at strategic locations, which aid in logistics. It has excellent infrastructure and grade-a build standards.
Some other features of the warehouses are: 1.
Internal Light Fitting
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24*7 security
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Amazing fire protection systems
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On-site parking and loading area
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5000-11000 sq. ft.
Other facilities that can be availed:
Innovation Centres
Venues
Retail and Dining
Fitness
Healthcare
Hotels
The various business activities permitted in DIC
Internet and
Multimedia
Softwaredevelopment, modification, installation
Telecommunications
and Network
IT Service
Dubai Internet City Company Formation and Registration Process Sending all the legal documents for checking
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Submission of application and all the required documents
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Signature and return of Customer Confirmation Letter and making the concerned payments
Dubai Internet City Company Formation and Registration Process In the case of FZ-LLC, a bank account needs to be opened, and share capital needs to be deposited
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In the case of FZ-LLC, signing of Articles of Association & Memorandum of Association, collection of Bank Introduction Letter, & attested resolution
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06 The signing of the Lease Agreement and Personal Sponsorship Agreement and then collection of the license
Documents required for Dubai Internet City Company FormationIndividual Shareholder Other routine documentation such as application forms, specimen signatures, and others
A Board Resolution which calls for the establishment of the company
Personal KYC
Application for Registration
Letter from the bank which gives confirmation of the deposit of share capital
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Documents required for Dubai Internet City Company FormationIndividual Shareholder Corporate Shareholder
Application for Registration
Board Resolution which calls for the establishment of the entity
Corporate KYC which should be duly attested from the UAE Embassy
Other routine documentation such as application forms, specimen signatures, and others
Corporate Documents of the Parent Company such as Certificate of Incorporation, Memorandum of Association and Articles of Association
Documents required for Dubai Internet City Company FormationIndividual Shareholder Some licensing regulations
All the business activities being undertaken must be in compliance with Dubai Technology and Media Free Zone Licensing Regulations. The clients have to lease a DIC facility.
Licenses are only valid for the business activities that are undertaken within DIC.
The licenses and permits are valid for a year and are renewable annually.
Frequently Asked Questions What is the minimum paid-up capital requirement for starting a business in DIC? The minimum paid-up capital requirement for FZ-LLC is AED 10000, and there’s no minimum capital requirement if one is starting a branch of an existing UAE/foreign company.
Is it possible to transfer my license to Dubai Internet City? Yes, subject to approval by Dubai Development Authority (DDA), a license from another free zone in UAE can be transferred to DIC.
Frequently Asked Questions Is there any limit on the hiring of employees for DIC Company? Yes, one needs to maintain 80 sq. ft. of space per employee.
How long does it take to get a license issued from DIC? On submission of all the required documents and payment of fees, the license is issued in 48 hours. Each license is valid for a year and renewable thereafter.
NR Doshi and Partners N R Doshi & Partners make it easy for you to setup a business in Dubai. We are one of the leading business setup companies in UAE. We offer comprehensive
company formation services to help investors establish their business in the UAE in a hassle-free way. Form your DIC Company today! Contact Us now.
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