Dubai Internet City Free Zone Business Setup
Launch your business in Dubai Internet City Free Zone with the help of our experts, and take advantage of a tax-free environment.
Dubai Internet City (DIC) is a thriving technology and business community in the heart of Dubai, established to promote innovation and attract tech companies from around the world. The free zone offers a conducive environment for digital businesses to grow, supported by state-of-the-art infrastructure, flexible office solutions, and a vibrant ecosystem of entrepreneurs and industry leaders.
Established in 1999, DIC houses over 1600 companies, including popular IT Fortune 500 companies like Google, Microsoft, Visa, and Oracle. The free zone is managed by Technology Electronic Commerce and Media Group (TECOM), and it’s home to a wide range of businesses.
Dubai Internet City has become the center stage of the IT industry. It is a great place for setting up a business if you are in the IT sector, and want to become part of the vibrant business community of Dubai.
Why Choose Dubai Internet City Free Zone for Business Setup?
Dubai Internet City provides a unique platform for tech enterprises to flourish in a dynamic and supportive environment. As a hub for innovation, DIC offers access to a diverse network of professionals, investors, and companies, fostering collaboration and growth. The free zone’s strategic location in Dubai, coupled with its comprehensive range of facilities and services, ensures that businesses can operate efficiently and effectively.
Furthermore, DIC is designed to cater to the specific needs of technology-driven companies, offering tailored solutions that enhance operational capabilities. With a strong emphasis on fostering a culture of innovation, businesses in DIC benefit from various incentives, including 100% foreign ownership, tax exemptions, and streamlined processes for business setup. Choosing DIC means being part of a community that is shaping the future of technology and digital transformation.
Benefits of Setting Up a Company in Dubai Internet City
- 100% foreign ownership
- Zero tax regime
- Global connectivity
- No currency restrictions
- Duty-free business environment
- Managed by TECOM
- Full repatriation of capital and profits
- Modern IT infrastructure
- In5 centers
- Easy work visa laws
- Exclusive residential areas
- Cost-effective business setup
Types of Licenses in Dubai Internet City Free Zone
Here are some of the business licenses available in Dubai Internet City Free Zone:
- Software License: Allows businesses to develop, install, and modify software and applications, facilitating innovation in the tech industry.
- IT Service: Enables companies to provide various IT services, including consulting, system integration, and data management, essential for modern businesses.
- Internet and Multimedia: Supports businesses involved in internet-based services and multimedia production, including web development and digital content creation.
- E-Commerce: Permits the operation of online businesses, covering activities such as online retail, digital marketplaces, and electronic transactions.
- Telecommunication and Networking License: Authorizes businesses to offer telecommunication and networking services, including infrastructure development and network management.
Dubai Internet City Activity List
Dubai Internet City allows a wide range of business activities that you can choose from. These include IT-related activities, and other related industries.
- IT Services
- E-Commerce
- Event Management
- Software Development and Services
- Consultancy Firms
- Advertisement and Media
- Communication and Marketing Services
- New Media
- Media Association (Non-Profit)
- Multimedia Distribution
- Telecommunication and Network
- Freelancing
- Business Services
- Retail
- Gaming Industry
Facilities Available in Dubai Internet City
DIC Free Zone offers a wide range of facilities, and amenities for companies that are starting out in the region. Here are some of the facilities you can avail at Dubai Internet City:
- Commercial and Retail Spaces: Offer a variety of office spaces designed to meet the needs of tech businesses, including flexible leasing options and modern amenities.
- Venues for Events: State-of-the-art venues available for conferences, seminars, and networking events, providing a professional setting for business interactions.
- In5 Centers: Innovation hubs designed to support startups and entrepreneurs with mentoring, workspace, and access to investors and industry experts.
- D/Quarters: A collaborative workspace that fosters innovation and creativity, equipped with advanced facilities and services to support business growth.
- Light Industrial Units: Ideal for tech companies requiring light manufacturing or assembly spaces, featuring modern infrastructure and support services.
- Warehouses: Secure and efficient storage solutions for businesses, with easy access to transportation networks and logistics support.
Legal Entities in Dubai Internet City Free Zone
Dubai Auto Zone is regulated by JAFZA. Therefore, you must obtain the business license for setting up a company in DAZ from JAFZA. You can choose between trading and service license types, depending on your business activity.
- Free Zone Limited Liability Company (FZ-LLC): An independent legal entity with its own shareholders, suitable for businesses looking for full operational control. Minimum share value for FZ-LLC is 1,000, and minimum share capital is AED 50,000.
- Branch of a UAE Company: Allows an existing UAE-based company to expand its operations within DIC, benefiting from the free zone’s advantages while maintaining its original structure.
- Branch of Foreign Company: Enables international companies to establish a presence in DIC, leveraging the free zone’s resources and strategic location to access regional markets.
How to Set Up a Business in Dubai Internet City Free Zone (Steps)
Follow these steps to set up your business in Dubai Internet City:
Choose your Business Activity
The first step is to choose a business activity that you want to undertake in DIC. You can choose from a range of business activities allowed in the free zone.
Select a License Type and Trade Name
Choose the appropriate license based on your business activity. Also choose a trade name for your company and register it with the free zone authority.
Submit Your Application
Complete and submit the business setup application form. Provide all necessary documents including passport copies, business plan, and other relevant paperwork.
Get Initial Approval and Register Your Company
Once you get the initial approval from the free zone authority, complete the business registration process.
Open a Bank Account
Open a corporate bank account and deposit the minimum required capital according to your legal entity.
Office Lease
Sign the lease agreement for office space or shared flexi desks. The lease is subject to 5% VAT.
Receive Your License
Once all formalities are completed, receive your business license and commence operations.
Launch Your Business in Dubai Internet City Today!
Are you ready to launch your tech startup in UAE? Dubai Internet City is a haven for tech businesses and IT companies.
Contact us to get started today. At Solutions FZCO, we have established strong connections with local authorities and stakeholders, ensuring a smooth and hassle-free process for obtaining your business license in Dubai Internet City.
Our expert team provides comprehensive support, from initial consultation to final setup, enabling you to focus on your business growth while we handle the administrative complexities.
Let us help you navigate the intricacies of the DIC free zone and secure a successful start for your enterprise.
