Dubai Internet City Free Zone

Dubai Internet City Free Zone

Dubai Internet City (DIC) is a knowledge hub designed to support the business-related entities in the field of Information and communication technology (ICT). It is one of the largest technology park declared by the UAE government. Founded in 2000, DIC is currently one of the largest business parks who connects thousands of visionary people around the globe at one platform. Current the global companies that are situated in DIC are HP, Oracle, Canon, Dell, IBM, Microsoft, Cisco, Huawei among many others. DIC also includes other industries such as; Software development, E-commerce, sales, and marketing. Business setup in Dubai Internet City Free Zone is the same as any other free zone in the region.

Company Formation in Dubai Internet City Free Zone

DIC is one of the largest technology hubs in the Middle East, North America, and South Asia. It connects all the major technology market of the world at one place. Business set up in DIC is an excellent choice for ICT companies. Here you can find all the giants of IT in one place.

Benefits of Company formation In DIC FZ

A lot of businessmen are looking at DIC free zone not just because of its strategic location, but also its benefits and company formation cost. There are tons of great benefits that you can avail in DIC free zone. Some of the major benefits are:

  • The strategic location that connects parts of the world
  • Serviced by excellent transportation and roads
  • Multinational Technology Corporation
  • State of the art infrastructure facilities
  • Market Development opportunity
  • Business Centers, Commercial offices and Conference Facilities
  • High-speed internet service at market competitive rates

Business Activites Allowed in DIC FZ

It is important to first check the business activities allowed in a specified free zone. Following business activities are allowed in DIC:

  • Software
  • 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 approval of registration, and companies set up in DIC. The following legal entities can register in DIC:

1. Branch

  • Branch of Foreign or local company with the parent company in the UAE
  • Business activities should be the same as the parent company
  • No Minimum Capital requirement

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

  • One director
  • A minimum of AED 50,000 Capital requirement
  • Shareholder(s) can be an individual or a company

3. Freelance Permit

  • No minimum capital
  • Can work as a sole proprietorship

Investors wanted to set up a company in DIC FZ must deposit capital of AED 50,000. The company must also have a local bank account and at least one director. Then you have to submit the memorandum and article of association to the designated authority with some other documentation. The investor is will then be required to apply for a valid business license. Business license available in DIC-FZ are:

  • Trading License
  • Service License

After this, you’re required to submit the following documentation to the authorities.

  • A Business Plan
  • Copies of Shareholder(s) and director(s) passport

It takes up to 4 weeks for approval, upon which you will be issued a business license. For additional information and consultancy, Call Us or Send a quick Inquiry letter to us.

How to Set Up a Business in Dubai Internet City Free Zone?

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