Business Setup in Dubai Internet City
Established in 2000, Dubai Internet City (DIC) was designed to provide a common ground for information and communication technology (ICT) companies. Situated in a free trade zone under TECOM Investments Holding, DIC is part of a cluster that includes Dubai Media City and Knowledge Village. These initiatives by the Dubai government aim to position the city as a global hub for knowledge and innovation.
DIC hosts over 1,600 companies, including Fortune 500 firms, SMEs, startups, and entrepreneurs. Many renowned IT brands have established their regional offices here, taking advantage of Dubai's strategic location, which offers access to global markets. The area attracts a young, talented workforce in technology and communications from around the world.
If you're considering a Dubai Internet City business setup, you'll find an investor-friendly environment that fosters growth and innovation. Setting up a company in Dubai Internet City provides access to top-tier infrastructure and a vibrant business community, making it an ideal choice for ICT enterprises.
Benefits of Dubai Internet City Business Setup
Simple Business Setup Process: Dubai Internet City business setup is quick, often completed within a week with ease
Full Ownership: Enjoy full ownership and 100% profit repatriation when you set up a company in Dubai Internet City.
Tax Benefits: Benefit from no personal tax and low corporate tax for profits over $100,000.
Pro-Business Policies: Flexible business operations thanks to DIC's pro-business policies.
Trade Currency Flexibility: No restrictions on currency usage, allowing global business transactions.
Government Support: Strong government support with advanced infrastructure, efficient internet, and excellent banking facilities.
Dubai Internet City Benefits
Duty-Free Advantage
Enjoy full exemption from customs duty, enhancing your profitability and operational efficiency.
Exclusive Amenities
Experience unrestricted capital movement, ensuring smooth and flexible business operations.
Dubai Internet City License Cost
Start your business in Dubai Internet City with Consultycs guiding you every step of the way. Knowing the Dubai Internet City license cost upfront ensures a smooth start. We customize everything from licenses to office spaces to match your budget and ambitions.
- Start-Up Costs: Begin with a total investment of AED 55,520, covering all necessary fees and rentals.
- Business Plan Approval Charge: AED 2,000 for business plan approval.
- Registration Fee: AED 3,510 for company registration.
- License Fee: AED 15,010 for obtaining your business license.
- Workstation Rental: AED 35,000 for workstation rental.
- Consultycs Packages: Benefit from customized, cost-effective packages tailored to your specific needs.
- Benefits: Packages include license, office space, account management, and flexible payment options.
Dubai Internet City Company Formation:
How to do it
1.
Outline Business Activities
Define your activity and select the right trade license with Consultycs.
2.
Online Application Submission
Apply easily online; we manage name reservation and approvals.
3.
License Acquisition
Pay fees, sign documents, and get your provisional approval remotely.
4.
Office Selection
Consultycs helps you find the ideal office space to suit your needs.
5.
Visa Processing
Secure your team's visas efficiently with our dedicated assistance.
6.
Operation Commencement
Receive your E-Licence and launch your operations in DMCC within days.
Book Your
Free Consultation Session
Documents Required for Dubai Internet City Business
- Individual Shareholders or Partners: Submit a copy of your passport and a passport-sized photo.
- Address Verification: Provide a recent utility bill or bank statement to verify your residential address.
- LLC with Corporate Shareholders or Branch: Submit the required board resolution.
- Corporate Shareholders: Include the certificate of incorporation, memorandum & articles of association, and certificate of good standing or a valid trade license.
- Registration Process: Complete registration quickly, often within a day, followed by a 1-2 week period for security clearance and establishment card issuance.
- Visa and ID: Obtain your entry visa within a week, then complete a medical check-up and apply for an Emirates ID, which takes about a day.
Types of Licenses in Dubai Internet City Business Setup
Explore a range of business licenses offered by the Dubai Internet City Free Zone Authority, each designed to cater to specific industry needs, all available at competitive rates.
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1.
Commercial License: Ideal for businesses involved in trading activities, this license allows companies to import and export within Dubai Internet City and the UAE
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2.
Service License: Required for businesses offering services such as IT and software support, consultancy, and marketing.
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3.
Industrial License: Suitable for companies engaged in light manufacturing or industrial activities. This license permits the establishment of manufacturing facilities and industrial operations in Dubai Internet City.
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4.
Freelance Permit: This permit allows individual entrepreneurs to work asfreelancers, providing them the opportunity to offer their services independently in Dubai Internet City.
