DIC Free Zone

A free zone is a region in Dubai or another nation where firms may operate with fewer restrictions than they would in the local market. Enterprises operating in a free zone are excluded from certain taxes and restrictions that apply to non-free zone businesses. This makes it a desirable alternative for entrepreneurs wishing to start or develop their businesses in Dubai.

Dubai Internet City (DIC) is a knowledge economy ecosystem created to encourage the growth of information and communications technology (ICT) enterprises. It is housed within a Free Zone. It has the largest ICT infrastructure in the Middle East.

Dubai Internet City companies make use of alternative financial sources, collaborations, and cooperative principles. Dubai Internet City (DIC) is a technology, education, new media, and scientific innovation hub in Dubai.

Characteristics of DIC Free Zone

Characteristic Type Characteristic Trait
Company Type Free Zone Company (FZCO)
Governing Body Dubai Development Authority (TECOM)
Minimum Number of Shareholders 1
Minimum Number of Managers 1
Accounting and Book Keeping Requirements No
Renewal Date Annual Date of Incorporation
Corporate Taxation 0%
Visa Type Employment Visa Only
Ownership 100 Percent Foreign Ownership
Type of Activities Commercial/Service/
VAT Percentage 0%
Duty for Import and Export 0%
Duration For Company Formation 2-3 Weeks
Paid Up Capital No Paid Up Capital
Local Partner Required No

Documents Required

  • Color Passport Copy
  • Visa status copy / Entry stamp copy
  • Passport Size Photo
  • Other documents depending on the business activity

Banking Partners

Advantages of The Free Zone

100% Foreign Ownership

Profits are fully repatriated

No Corporate and Income Tax for 50 Years

Customs Duty is Completely Waived

Thriving International Community

Statistics

Dubai Internet City (DIC), a trailblazer in advancing Dubai's ambition of transforming into a knowledge-based economy, has created a thriving environment for technology companies.

Business setup in DIC comes with a lot more. Let's take a deeper look at the facts regarding this free zone: 

Founded in the Year 2000
Population 5,500
Governing Authority Dubai Development Authority
No. of Companies 1600
Total No. of International Collaboration 150
No. of Workforce 24,000
Investment Amount AED 7.8n billion
No. of Innovation Centers 12

Company Formation in Free zones Ideal for

IT-Related Activities

E-Commerce

Consultancy

Internet and Network Services

Multimedia Development and Distribution

Registration Process

Complete the Application Form

Complete the Application Form

Submit Your Documents to the Authority

Submit Your Documents to the Authority

Obtain Your License

Obtain Your License

Obtain Your Residency Visa

Obtain Your Residency Visa

Open Your Bank Account

Open Your Bank Account

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.

Why Choose BSW

Business Setup Worldwide has been assisting IT start-ups, SMBs, and multinationals in establishing their foundation in DIC by providing business support services, including a business license and registration, administrative assistance, legal documents, fully-furnished office setup, and more. In addition, our specialist staff will link you with investors and assist you in evaluating the market potential for your new enterprise. So contact us, and we'll take care of all your DIC business creation requirements.

FAQs

How long does it take to obtain a business license in DIC?

5-6 days.

What are the required licenses for DIC company formation?

  • Commercial License
  • Industrial License
  • Professional License

What are the legal entities in DIC free zone?

  • Free Zone Limited Liability Company (FZ-LLC)
  • Branch of a UAE Company
  • Branch of a Foreign Company

What are the top companies in the DIC free zone?

  • Oracle
  • Samsung
  • Microsoft
  • Accenture
  • Canon

5. What are the facilities available in the DIC free zone?

  • Commercial Spaces
  • Retail
  • Co-working Spaces
  • Light Industrial Units
  • Warehouses