Incorporate Your Business in DIC

Q: What facilities are available in the DIC free zone?

The facilities you can utilize for the Dubai Internet City company set up are commercial spaces, retail spaces, co-working spaces, light industrial units, and warehouses.

Starting From AED 24,540AED 22,540

Duration Minimum 5-6 Working Days

Speak to our Expert

Home /Ae / Dubai / Dubai Internet City Free Zone

Dubai Internet City (DIC) is the leading hub for information and communication technology (ICT) in the Middle East. Established within a free zone, it is part of TECOM Investments, a subsidiary of Dubai Holding. DIC was founded in October 1999 and began operations in October 2000. It hosts some of the most prestigious global ICT companies, including Microsoft, Oracle, HP, Dell, Siemens, Canon, and IBM.

Setting up a business in the Dubai Internet City free zone attracts a wide range of sectors, from software development to e-commerce. DIC offers excellent facilities, world-class infrastructure, an investor-friendly environment, a flexible legal framework, and a supportive ecosystem for both global and regional companies, as well as entrepreneurs. However, to proceed with the Dubai Internet City company formation, it is essential to work with a business advisor who manages the whole process on your behalf. At Business Setup Worldwide, we simplify the process and help you establish your business with ease.

Why Choose Dubai Internet City Free Zone For Your Business?

Setting up a company in the Dubai Internet City free zone brings you the following advantages:

Tax Incentives

When you set up a company in Dubai Internet City, you are exempt from personal and corporate taxes. However, if your income exceeds AED 375,000, you must pay a corporate tax of 9%.

100% Foreign Ownership

You can enjoy full ownership by incorporating your company in the Dubai Internet City free zone. In addition to complete ownership rights, DIC offers investors 100% repatriation of both capital and profits.

No Restrictions on Currency Usage

Operating a business in Dubai Internet City Free Zone does not have currency restrictions, so you can engage with companies from any country.

Business Friendly Regulations

The DIC free zone supports a wide range of businesses, from startups to multinational corporations. Its robust governmental initiatives have created an environment where many entrepreneurs can thrive. With strong government support, companies can benefit from advanced infrastructure, reliable internet access, banking services, and well-equipped office spaces.

Simplified Business Incorporation

Dubai Internet City free zone provides a simple process for business incorporation with minimal paperwork. Typically, the incorporation takes about 5-6 working days. To ensure your company is set up within this timeframe, you can contact Business Setup Worldwide for assistance.

Types of Legal Entities Used to Set up a Company in Dubai Internet City

To set up a company in Dubai Internet City, you have the flexibility of choosing one of these legal structures:

Free Zone Limited Liability Company

A free zone limited liability company is a popular legal structure used in Dubai Internet City free zone. This structure offers benefits such as full ownership, simplified regulations, and greater control over business ventures. Additionally, the company can be owned by 1 to 50 individuals or corporate shareholders, and the minimum capital requirement varies depending on the specific business activity.

Branch of a UAE Company

A branch of a UAE company is a subsidiary office established within the Dubai Internet City free zone by an existing company registered in the United Arab Emirates. In short, a branch operates as an extension of its parent company. By setting up a branch office, your company can benefit from the advantages of free zones, including tax benefits and a supportive environment for technology companies. This structure is designed to help reach a wider audience.

Branch of a Foreign Company

A branch of a foreign company deals with a business established in the Dubai Internet City Free Zone by a company based outside the UAE. Foreign nationals must register with the Dubai Internet City authorities and obtain the appropriate business license to operate under this structure. This structure also provides tax exemptions and facilitates the company incorporation process.

Different Licenses Available in Dubai Internet City Free Zone

You may use the following licenses when conducting business in the DIC free zone:

Commercial License

The commercial license available in the DIC free zone allows businesses to participate in buying, selling, and trading activities.

Service License

The service license offered in the Dubai Internet City free zone is suitable for businesses that provide services like consulting, IT, or marketing, without engaging in the export or importing of goods.

Industrial License

The industrial license in the DIC free zone supports businesses focused on manufacturing or industrial production.

Freelance License

The freelance license in the Dubai Internet City free zone is intended for individuals wishing to operate independently within DIC.

Features of Company Formation in Dubai Internet City Free Zone

Are you looking forward to setting up a company in Dubai Internet City? Well, know about the following characteristics that keep you informed about the essential requirements:

Differentiator	Characteristic Trait
Governing Body	Dubai Development Authority (TECOM)
Minimum Number of Shareholders	1
Minimum Number of Managers	1
Accounting and Bookkeeping Requirements	No
Renewal Date	Annual Date of Incorporation
Corporate Taxation	0
Visa Type	Employment Visa Only
Ownership	100 Percent Foreign Ownership
Duty for Import and Export	No
Local Partner Required	No
Paid Up Capital	No
Duration For Company Formation	5-6 working days

Procedure for Dubai Internet City Company Formation

Setting up a company in the Dubai free zone is straightforward if you follow the below steps:

Step 1: Complete the Application Form

The first step in forming a company in Dubai Internet City is to fill out an online application form. This form requires details such as your name, chosen activity, legal structure, and the initial deposit.

Step 2: Submit Your Documents

After submitting the application form, you will need to provide your business advisor with documents, including passport-size photos, a copy of your visa status, or an entry stamp.

Step 3: Obtain Your License

Once you have submitted your documents to the designated business consultant, you must obtain a business license based on your chosen activity.

Step 4: Get Your Residency Visa

After acquiring your trade license, consult your advisor to obtain a residency visa that allows you to stay in your preferred emirate.

Step 5: Open Your Bank Account

Once all the processes are underway, you can open a bank account to facilitate your financial transactions.

Additional Documents Required for Company Setup in Dubai Internet City

These are the additional documents you may require to submit for your company setup in Dubai Internet City:

A detailed business plan
Passport copies of all shareholders and directors
Proof of address of shareholders and directors
A lease agreement for office space within DIC
A No Objection Certificate (NOC) if establishing a branch office.

Consult an Expert Now

Leading Sectors in the Dubai Internet City Free Zone

The following are the leading business sectors in the DIC free zone:

Software Development

Telecommunications and Networking

E-Commerce Services

IT Solutions Provision

Internet and Multimedia Services

Why Choose BSW?

Business Setup Worldwide (BSW) has transformed the face of over 7000 businesses within a period of 8 years. Our unparalleled expertise in company formation, taxes, accounting, and IP protections speaks for itself. Contact us today for a free consultation!

7000 +

Companies Incorporated

14 +

Years in the Market

4 +

Offices Worldwide

30 +

International Incorporation Locations

Banking Partners

Client Testimonials

I recently opened a free zone company in Dubai Internet City and needed assistance in opening a bank account. My friend recommended Business Setup Worldwide (BSW), a consulting firm known for its company formation and bank account opening services. The experts at BSW provided the necessary support throughout the banking account opening process. Thank you, BSW, for your timely response and for making this process easier.

Clara Brookfield

I was looking for a consulting firm to assist me with filing VAT, and I got the opportunity to connect with Business Setup Worldwide. The experts at BSW clarified my doubts regarding tax filing, which helped me avoid any further penalties.

Stephen George

Frequently Asked Questions

What licenses are available in the DIC free zone?

The types of licenses you can utilize for your Dubai Internet City company set up are commercial license, industrial license and professional license.

What are the top companies in the DIC free zone?

The top companies in the DIC free zone are Oracle, Samsung, Microsoft, Accenture and Canon.

What facilities are available in the DIC free zone?

The facilities you can avail yourself of for the Dubai Internet City company set up are commercial spaces, retail spaces, co-working spaces, light industrial units, and warehouses.

What would occur if I didn’t renew my DIC license?

Any delay in the renewal of your DIC license would result in submitting a fine.

How many weeks does it take to obtain a license in the Dubai Internet City freezone?

It takes less than a week to get a license in the Dubai Internet City free zone.

Do branch offices need any capitalisation?

No, branch offices do not need any capitalisation requirements.

Terms and Conditions

*Duration is subject to the constraints of the due diligence procedure.

**This would refer to the corporate tax of the company, wherein the operation of the company would take place outside the country of incorporation.

***The required documents must be provided for every individual related to the company.

Disclaimer: The content on this website should not be taken as a contractual commitment or a warranty. Our services conditions are subject to BSW terms and conditions.