Dubai Internet City Free Zone

Dubai Internet City Free Zone

Dubai Internet City (DIC) is a knowledge hub designed to support business-related entities in the field of Information and Communication Technology (ICT). It is one of the largest technology parks declared by the UAE government. Founded in 2000, Dubai Internet City is currently one of the largest business parks, connecting thousands of visionary people around the globe on one platform. Currently, the global Dubai Internet City companies situated in DIC include HP, Oracle, Canon, Dell, IBM, Microsoft, Cisco, and Huawei, among many others. Internet City Dubai companies also include industries such as software development, e-commerce, sales, and marketing. Dubai Internet City business setup follows the same procedures as any other free zone in the region.

Company Formation in Dubai Internet City Free Zone

Company formation in Dubai Internet City is an excellent choice for ICT companies looking for expansion. As one of the largest technology hubs in the Middle East, North America, and South Asia, Dubai Internet City (DIC) connects all major technology markets in one place. Business setup in Dubai Internet City is ideal for IT companies looking to establish a presence in a thriving tech hub.

Benefits of Dubai Internet City company formation Free Zone

Many businessmen look at Dubai Internet Free Zone not just for its strategic location but also for its numerous benefits and competitive company formation costs.

Some of the major benefits include:

• A strategic location connecting different parts of the world
• Excellent transportation and road networks
• A hub for IT companies in Dubai Internet City
• State-of-the-art infrastructure facilities
• Market development opportunities
• Business centers, commercial offices, and conference facilities
• High-speed internet services at competitive rates

Business Activities Allowed in Dubai Internet City Dubai Free Zone

Before setting up a business in Internet City Free Zone, it is essential to check the allowed business activities.

Dubai Internet City UAE permits the following business activities:

• Software development
• Internet and multimedia
• IT services
• Telecommunication and networking
• E-commerce

Types of Companies in Dubai Internet City Free Zone

Dubai Technology and Media Free Zone Authority (DTMFZA) manages the registration and approval of company setup in Dubai Internet City.

The following legal entities can register in Dubai Internet City business setup:

1. Branch

• A branch of a foreign or local company with a parent company in the UAE
• Business activities must match the parent company
• No minimum capital requirement

2. Free Zone Limited Liability Company (FZ-LLC)

• Requires at least one director
• A minimum capital requirement of AED 50,000
• Shareholders can be individuals or companies

3. Freelance Permit

• No minimum capital required
• Operates as a sole proprietorship

Investors looking to setting up a company in Dubai Internet City must deposit AED 50,000 in capital. The company must also have a local bank account and at least one director. Then, they must submit the memorandum and articles of association along with other required documents to the designated authority. The investor is then required to apply for a valid business license.

The available business licenses in Internet City Dubai are:

• Trading License
• Service License

After this, the following documentation must be submitted to the authorities:

• A business plan
• Copies of shareholders’ and directors’ passports

It typically takes up to four weeks for approval, after which a business license is issued. For additional information and expert consultancy, call Setup Dubai Business or send a quick inquiry letter to us.