DIC / Business Setup in Dubai Internet City
( DIC ) Dubai Internet City is a huge techno-hub established in 2000. With over 24,000+ professionals, it is home to 160+ nationalities. Also, there are 12 innovation centers. It offers a perfect business environment for business setup services in Dubai 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.
DIC is a great place to start or grow your business. Whether you are an entrepreneur, a small or medium-sized business, or an international corporation, DIC can offer you the resources and support you need to succeed.
Facilities
Dubai Internet City (DIC) offers a variety of facilities to businesses of all sizes. These facilities include:
- Commercial and retail spaces
- In5 centers
- D/Quarters
- Light industrial units
- Warehouses
To open a company in Dubai Internet City (DIC), you will need to rent a premise within the free zone. The type of premise you rent will depend on your company’s business activity and size.
Note: The lease is subject to 5% VAT. AED 5,000 security deposit is required for a desk space and AED 10,000—for a private quarter space.
BUSINESS ACTIVITIES
Dubai Internet City is dedicated to technology companies, providing an inclusive platform for startups, entrepreneurs, and multinational corporations alike.
Whether your expertise lies in software development, data centers, e-commerce, or IT consultancy, Dubai Internet City is the perfect place to boost and evolve your business.
The primary clusters of business activities permitted in Dubai Internet City include:
- Internet and Multimedia
- Software
- Telecommunication and Network
- IT Services
- Freelancer
- Data Centre
Dubai Internet City also caters to freelance professionals, offering a dedicated freelance permit. The freelance permit lets you operate under your personal name as opposed to a brand name, which sets you up as an individual expert in your field
Types of Licenses Available at Dubai Internet City
These types run for all types of company formation setups such as Offshore company formation in Dubai, Mainland Company Formation in Dubai, LLC Company formation in Dubai, Freezone company setup in Dubai, etc.
Following is the right legal structure at Dubai Internet City:
1. Free Zone Limited Liability Company:
It is an independent legal entity.
2. 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.
3. Branch office of a Foreign Company:
The branch office of a foreign company can be formed with no minimum share capital prerequisites.
4. Freelance Permit:
It gives an individual the liberty to operate as a freelance professional.
Benefits of Business Set-up in Dubai Internet City :
- 0% personal income tax
- 0% corporate tax
- 100% foreign ownership
- 24*7 visa service
- 24*7 security service
- 100% repatriation of capital and profits
- IT infrastructure is highly advanced
- Straightforward registration process
- No customs duty for goods and services
- The legal framework is simple
- Strategic Location
- Fantastic road and metro connectivity
Process of Company Formation and Registration in Dubai Internet City
1) Submission of application and all the required documents.
2) Sending all the legal documents for checking.
3) Signature and return of Customer Confirmation Letter and making the concerning payments.
4) In the case of FZ-LLC, signing of Articles of Association and Memorandum of Association, collection of Bank Introduction Letter, and attested resolution.
5) In the case of FZ-LLC, a bank account needs to be opened, and share capital needs to be deposited.
6) The signing of the Lease Agreement and Personal Sponsorship Agreement and then collection of the license
Documents Required for Business Setup in Dubai Internet City
If you’re considering setting up a business in Dubai, you’re not alone. Dubai is one of the fastest-growing business hubs in the world, with a dynamic economy, a strategic location, and a pro-business environment. The city offers a range of opportunities for entrepreneurs, from tech startups to retail businesses, and it has become a popular destination for ambitious entrepreneurs looking to establish their business start up in the Middle East.
Our company AHG can help you establish your company or investment, by providing integrated and specialized services, which ensure the success of the project and the achievement of its goals. Therefore, contacting us is an essential step to achieving success in business.
