Dubai Internet City
Dubai has quickly emerged as a hub for a number of business activities. With the support of the government, the Emirate has been able to grasp the attention of entrepreneurs worldwide with their offerings. Be it top-notch infrastructure or benefits related to business setup in Dubai, it has cemented a place for itself among investors and entrepreneurs.
The Emirate, which has multiple free zones, offers benefits like fast and easy business setup, full foreign ownership, exemption from corporate tax, income tax, and customs duty. These free zones support company formation across diverse business sectors. Once such zone is Dubai Internet City (DIC). In this article, we provide you all the details related to the zone. Read on to know more.
What is Dubai Internet City?
Dubai Internet City, is a leading tech hub created by the government in a bid to offer an environment where innovators can drive home great ideas. Being the hub which facilitates business growth, it is home to businesses of all sizes.
Which Legal Entities are Available in Dubai Internet City?
For registering a business in DIC, you can choose among the following legal entities:
- Free Zone Limited Liability Company (FZ-LLC)
- Branch of a UAE or Foreign Company
Why Setup a Business in Dubai Internet City?
When it comes to Dubai Internet City company formation, there are a number of benefits. Let us look at them:
Business Location
Located in the heart of Dubai, DIC is ideal for conducting international business.
Complete Business Ownership
100 percent business ownership, tax-free environment and full customs duty exemption.
100% Repatriation of Profits
Complete repatriation of capital and profits allowed.
High-Class Infrastructure
State-of-the-art facilities and secure business landscape.
No Currency Restrictions
Movement of unrestricted capital for conducting business operations allowed with no currency restrictions.
Wide Range of Activities
Wide range of business activities allowed like software development, telecommunications and networking, e-commerce services, among others
Simple Process
Simple business setup and licensing procedures.
IP Protection
Protection of Intellectual property.
How to Set up a Business in DIC?
The first step involves determining the business activity which will be conducted and the type of license required.
Based on the business requirements, choose a legal business structure
Submit the application form along with all the necessary documents to the relevant authorities. Also, make the payment towards Dubai Internet City freezone license cost.
If all the documents are in order, the authorities will issue the license and registration documents.
Avail the establishment card which contains company-related information and visa quotes.
After obtaining the establishment card, you must apply for an entry permit by following the mandated process.
Submit biometrics and secure the Emirates ID.
Once all the mentioned steps are completed, you can approach a bank to open a corporate bank account in the UAE.
The process of setting up a business in Dubai Internet City involves the steps mentioned below:
Documents Required for Business Setup in DIC
- Passport copies of all shareholders
- Copy of passport and curriculum vitae of the designated manager
- Information of all shareholders and the manager
- Copy of lease agreement for approved office space in Dubai Internet City
- Proof of Initial Approval
- Trade Name Approval (For Branch)
- Address of the Office Location (For Branch)
- Copy of board resolution from the Board of Directors (For Branch)
- Copy of Registration Certificate (For Branch)
- Notarized Memorandum of Association (MoA) and Articles of Association (AoA) (For Branch)
- Copy of Business Plan (For Branch)
- Copy of good standing certificate for Registrar of companies (For Branch)
- Any other document requested by the Registrar
What our clients say
Gryffin Capitalist delivers exceptional service for hassle-free UAE freezone company formation. They offer step-by-step guidance, ensuring your business is operational quickly.
Setting up a freezone company in Dubai with Gryffin Capitalist is straightforward and efficient. The team provides expert guidance, ensuring compliance with all legal requirements.
Gryffin Capitalist simplifies Sharjah freezone company formation with its expert advisors and tailored services. They handled everything from documentation to licensing efficiently.
Why Choose Gryffin Capitalist?
Company formation in a jurisdiction which is foreign to you can be taxing. It can be difficult to navigate the involved regulations without the help of experts. Our company formation specialists are fully aware of the guidelines put in place by the authorities and can help in completing the formalities in a hassle-free manner.
With years of experience in assisting clients set up their business in Dubai Internet City and other jurisdictions, Gryffin Capitalist advisors would love to offer customized business solutions as per your business requirements. Contact us to get started!
Quality Professionalism
High Privacy
Strong belief in long-term client relationships
Competitive Market Pricing
Global Footprint
Efficient and Transparent Process
Best Freezones to choose to start your Company
Our business consultants have chosen freezones which are ideal for start-ups, business owners, and SME companies. These freezone provide a quick company registration process and a complete ecosystem for businesses.
Frequently Asked Questions (FAQs)
To set up a business in DIC, you can opt for a commercial license, professional license, or industrial license.
Dubai Internet City has three main zones. They are the technology park, marketing square and creative cluster.
The minimum capital investment required depends upon many factors, such as the nature of the business, visa requirements and office space requirements.
Yes, by availing of a single license, you must conduct multiple business activities inside DIC.
Yes, you can obtain a freelance visa in Dubai Internet City.
