Dubai Industrial City Free Zone

The industrial revolution that took place in Great Britain between 18th-19th centuries gave birth to the chief industries that are present in today’s world.

Dubai's industrial sector continues to flourish, partly due to the establishment of the Dubai Industrial City in 2004. More than just another free zone, DIC has become a very essential part of industrial development in the region. Its core mission is to act as a growth accelerator, empowering established businesses and propelling the entire industrial sector forward.

Setting up a business in this free zone can be straightforward if you seek the assistance of business setup consultants in Dubai.

Core Sectors Available in Dubai Industrial City

When you are setting up a business in Dubai Industrial City, you must be aware of the different sectors available for conducting operations. These are :

  • Food and Beverage
  • Metals
  • Chemicals
  • Transport, Equipments and Parts
  • Logistics
  • Machinery and Mechanical Equipment
  • Commodities Trading
  • Plastics and Rubber
  • Building Materials
  • Electrical and Electronics
  • Textiles

License that Covers Under DFC Free Zone

The following are the types of licenses that can be used for your company setup in Dubai:

  1. Industrial license 

This type of license is commonly used in DIC-free zone. This license covers activities like manufacturing, importing, exporting, packing and assembling of goods.

  1. Commercial License 

Companies which conduct commercial activities like retail businesses, restaurants and cafes, real estate agencies, tourism and travel agencies, healthcare services, construction, and contracting within DIC require a commercial license.

  1. Trading License 

In the case of specific goods mentioned by the authority, the business will require a trading license which will allow them to buy, sell and store the specific products.

  1. Services license 

Businesses that provide professional services such as accounting, consulting, and other services, will require a service license.

Benefits of Setting Up a Business in Dubai Industrial City

Setting up a business in Dubai Industrial City provides the following advantages:.

  • 100% foreign ownership
  • Tax friendly environment
  • Global Ownership
  • Multi-currency transactions
  • Duty-free imports
  • Fewer renewal taxes

Simple Steps for Starting a Business in DIC Free Zone

The company formation in Dubai can be done by following the steps below:

  1. Choose a Trade Name

When forming a company in Dubai, make sure that you have chosen the right name. The Department of Economic Development website has available trade names.

  1. Finalize a Legal Structure

After choosing the trade name, you must focus on finding the right legal structure for your business. Each legal structure has its own benefits. 

  1. Submit the Documents and Wait for Approval

Once you have finalized the business structure, you can submit the documents to the respective free zone authority for approval.

  1. Obtain Necessary Licenses

After getting the approvals, you will obtain the license for your business setup in Dubai. Obtaining a license can be a complicated process. However, you can get assistance from the business setup consultants in Dubai which will help you to complete the process.

  1. Open a Bank Account

Once your company in Dubai is incorporated, you must open a bank account. Opening a corporate bank account in Dubai can be done quickly and will allow you to carry out business transactions.

In order to complete all the above-mentioned steps without any delay, get assistance from consultants at Business Setup Worldwide. The experts at BSW are experienced in the process and will help you incorporate your business setup in Dubai without any hassle. For more assistance, contact us.