Established in 2000, Dubai Internet City (DIC) was designed to serve as a collaborative hub for all information and communication technology (ICT) companies. Dubai Internet City serves as a dynamic hub situated in a free trade zone, operating under the auspices of TECOM Investments Holding. This vibrant area also includes Dubai Media City and Knowledge Village, all conveniently located near one another. The trio is integral to Dubai government’s efforts to establish the city as the premier global center for knowledge and innovation.
Business setup in Dubai Free Zone has become a thriving hub for over 1,600 companies, attracting globally recognized IT manufacturing brands that have chosen to set up their permanent base, alongside others that have established their regional offices in this dynamic area. This encompasses a range of fortune 500 companies, small and medium enterprises, startups, and entrepreneurs.
Business setup in Dubai Free Zone has emerged as the focal point for the IT industry. Dubai’s prime location has made the region accessible from every corner of the globe. DIC boasts a vibrant and skilled team of professionals in technology and communications, consistently drawing in a diverse array of talent from across the globe.
In recent years, Dubai Internet City Free Zone has emerged as a prime destination for international businesses seeking a sustainable and lucrative location to establish themselves in the growing local market. DIC boasts exceptional facilities and top-tier infrastructure, creating an inviting atmosphere for investors. Its adaptable legal framework and welcoming ecosystem cater to both global and regional companies, as well as entrepreneurs.
Types Of Legal Entities For Company Setup In Dubai Internet City
In business setup in Dubai Free Zone, you can legally register the following entities:
1. Free Zone Limited Liability Company
In business setup in Dubai Free Zone, a limited liability company can be established with ownership ranging from 1 to 50 individuals or corporate shareholders. The minimum share value is set at AED 1,000, while the minimum share capital investment required is AED 50,000.
2. Establishing a Branch of a UAE Company
This pertains to a branch associated with an applicant residing in the UAE. There are no capitalization requirements.
3. Foreign Company Branch
A foreign national can establish a branch of their company in DIC, and there are no capitalization requirements for this type of entity.
Business Licenses in Dubai Internet City
The following are the most prevalent licenses available in business setup in Dubai Free Zone.
Business license
This is ideal for companies involved in trading operations. It enables businesses to engage in import and export operations within Dubai Internet City and across the UAE.
License for services
Businesses offering services like IT and software support, consultancy, and marketing must have this requirement in place.
Manufacturing permit
This option is ideal for companies involved in light manufacturing or industrial operations. With this license, business setup in Dubai Free Zone can set up manufacturing facilities and engage in industrial activities.
Independent work authorization
Dubai Internet City provides a freelance permit for individual entrepreneurs, granting them the chance to operate as freelancers.
Advantages of Establishing a Business in Dubai Internet City
- Complete ownership
- Complete exemption from customs duty
- Effortless Licensing for Capital Repatriation
- Cyber Regulations: Safeguarding Intellectual Property
- No corporate or personal income tax whatsoever
- Enjoy complete freedom with no currency restrictions.
- Cutting-edge workspaces
- Outstanding retail services with round-the-clock security.
ExpressPRO Business Setup
At ExpressPRO, our free zone business setup consultants in dubai, are your trusted allies in simplifying the intricate process of establishing your business in Dubai Internet City. Our experts simplify the journey from choosing a trade name to obtaining final licensing. We take care of all the paperwork, navigate the bureaucracy, and provide post-setup services including office setup, banking, insurance, and compliance. Your ultimate destination for embarking on an entrepreneurial adventure awaits. Let’s connect, explore your requirements, and elevate your business to new heights.
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