Dubai Internet City Company Formation
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
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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:
- DIC operates as an isolated zone, restricting businesses to operations within the free zone.
- Companies in DIC receive ample amenities for a seamless start to their ventures.
- Legal entities include FZ-LLC, a Branch of a UAE Company, and a Branch of a Foreign Company.
Permissible Activities in Dubai Internet City:
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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:
- 1
With Shuraa Business Setup
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.
