DIC Free Zone
Dubai Internet City (DIC) is the region’s dedicated tech free zone that aims at the growth of information and technology. The free zone has one of the most prevalent ICT infrastructures in the Middle East. Company formation in DIC can prove to be advantageous for you if you decide to start any information technology-based company.
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
Statistics
Dubai Internet City free zone (DIC), a trailblazer 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 |
Registration Process
Complete the Application Form
Submit Your Documents to the Authority
Obtain Your License
Obtain Your Residency Visa
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 can be your assistance guide in your Dubai Internet City business setup. Our team can reach out to you at your convenience and assist you in company formation. We can give you personalized solutions to your business problems. So contact us for any further information.
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