Dubai Internet City (DIC) is the biggest IT hub in the United Arab Emirates (UAE), with a thriving software and tech industry. DIC free zone is a part of TECOM Investments, a subsidiary of Dubai Holding. Since its founding in 2000, Dubai Internet City (DIC) has grown to become one of the world’s most renowned technology business hubs, serving both innovative startups and high-tech companies that share Dubai’s mission.
Co-working spaces, business offices, and other large venues are provided by DIC free zone to help businesses prosper in Dubai. The DIC directory has developed into a major hub for international high-tech businesses operating in the area. DIC is also home to tech giants like Google, Facebook, LinkedIn, Samsung, Dell, Intel etc.
DIC free zone is ideal for the following types of businesses:
- Software development
- Service
- E-commerce
- Consultancy
- Marketing
Unique Features of Dubai Internet City (DIC) Free Zone
- Dubai Internet City (DIC) houses global tech leaders like Google, Facebook, Microsoft, IBM, and Huawei, fostering a vibrant innovation ecosystem.
- Dubai Internet City (DIC) supports startups and SMEs through incubation programs, mentorship, and funding opportunities.
- Dubai Internet City (DIC) has modern residential areas, shopping malls, restaurants, and leisure facilities.
- Dubai Internet City (DIC) is situated near major highways and Dubai International Airport.
Types of licenses available in Dubai Internet City (DIC) Free Zone
- 0% corporate tax on qualifying income
- 100% foreign ownership
- No currency restrictions
- Affordable pricing for company formation
- Flexible office options
- The physical presence of the shareholder is not required
Benefits of setting up a business in Dubai Internet City (DIC) Free Zone
- 0% corporate tax on Qualifying Income
- 100% foreign ownership
- No currency restrictions
- Strategic location
- Growing number of double tax treaties
- Common law jurisdiction
- Wide range of available licenses
- World-class infrastructure and facilities
FAQS
The process of setting up a company in Dubai Internet City (DIC) Free Zone includes:
- Choose a company name and structure
- Select the business activity from the activity list
- Obtain initial approval from the authority
- Obtain company registration and incorporation documents
- Open a corporate bank account
- Comply with tax regulations
For individual shareholders, the requirements include:
- Completed application form
- Three company name preferences
- Passport copy
- Passport-size photograph
- Copies of the Emirates ID and residence visa (if the shareholder is a UAE resident)
For corporate shareholders, the requirements include:
- Notarised and attested board resolution
- Notarised and attested Memorandum of Association (MoA) and Articles of Association (AoA)
- Notarised and attested Certificate of Incorporation of the Parent Company
- Copies of the passport, photo, and Emirates ID of the shareholders (if the shareholder is a UAE resident)
Dubai Internet City (DIC) Free Zone offers a number of benefits to businesses, including:
- 0% corporate tax on qualifying income
- 100% foreign ownership
- No currency restrictions
- Affordable pricing for company formation
- Flexible office options
- The physical presence of the shareholder is not required
Dubai Internet City (DIC) Free Zone welcomes businesses from numerous sectors, including:
- Software
- Internet and multimedia
- Telecommunications
- IT services
- Data center
- Advertising and communication
- Media and marketing services
- Gaming and e-sports
- E-Commerce
Dubai Media City’s (DMC) Free Zone offers the following types of licenses:
- Service/consultancy
- E-commerce
- Media-related trading
The permitted legal entities in Dubai Internet City (DIC) Free Zone are:
- Free Zone Limited Liability Company (FZ LLC)
- Branch of a foreign company
- Branch of a local company
The costs of setting up a company in Dubai Internet City (DIC) Free Zone will vary depending on the type of license you require and the complexity of your business operations. Contact Gatestone Group for more information via info@gatestonegroup.com or call +971 4 450 1023.
No, you do not need a local partner to set up a company in Dubai Internet City (DIC) Free Zone. Foreign investors are allowed to own 100% of their businesses in the free zone. For seamless company formation and expert guidance in Dubai Internet City (DIC) Free Zone, reach out to Gatestone Group today via info@gatestonegroup.com or call +971 4 450 1023.
The process of setting up a company in Dubai Internet City (DIC) Free Zone can take an average of 2–3 weeks. Empower your business success in Dubai Internet City (DIC) Free Zone with Gatestone Group’s expertise and unwavering support via info@gatestonegroup.com or call +971 4 450 1023.
Dubai Internet City (DIC) Free Zone has several regulations that businesses must comply with. This includes complying with requirements for anti-money laundering (GOAML), economic substance regulation (ESR), money laundering and terrorist financing (ML&TF), etc.
Unleash the potential of your business in Dubai Internet City (DIC) Free Zone with Gatestone Group’s comprehensive company formation and post-incorporation services via info@gatestonegroup.com or call +971 4 450 1023.
The share capital requirement for a Free Zone Establishment and Free Zone Company (FZC) in Dubai Internet City (DIC) Free Zone must be at least AED 50,000. There is no minimum share capital requirement for branches. Contact Gatestone Group for more information via info@gatestonegroup.com or call +971 4 450 1023.