Dubai Industrial City Free Zone
When looking to set up a business in Dubai Industrial City, you must be aware of the different sectors
The industrial sector in Dubai continues to flourish with the establishment of a separate free zone called the Dubai Industrial City (DIC) or Dubai Industrial Park. It has become an essential part of industrial development in the region, with its core mission of empowering established businesses and propelling the industrial sector in the Emirate. This article will help you understand the benefits of DIC company formation along with the licenses, benefits, and much more.
Business Activities to Conduct in DIC Freezone
When looking to set up a business in DIC in Dubai, you must be aware of the different sectors available for conducting business operations. Some of them include food and beverage, metals, chemicals, logistics, machinery, plastics and rubber, electrical and electronics, and textiles, among others.
Available Licenses in DIC freezone
There are three types of licenses which you can avail of for setting up a business in DIC in Dubai:
- Industrial License
Businesses in Dubai Industrial City (DIC) commonly use this type of license to engage in activities such as manufacturing, import-export, packaging, and assembly of goods.
- Commercial License
Companies that engage in commercial activities, such as retail businesses, restaurants and cafes, real estate agencies, tourism and travel agencies, healthcare services, and construction, require a commercial license in Dubai.
- Professional License
Businesses that provide professional services such as accounting, consulting, and other services require a professional license.
How to Start a Business in the Dubai Industrial City (DIC)?
To set up your company in Dubai Internet City (DIC), follow these steps:
- Choose Trade Name
When setting up a company in Dubai, select an appropriate trade name that complies with the trade name regulations established by the Dubai authorities.
- Finalise Legal Structure
After choosing the trade name, you must opt for a suitable business structure. You can choose a limited liability company, branch office, or any other that suits your business needs the best.
- Documentation
You must submit the necessary documents to the free zone authorities for approval.
- Obtain License
The next step involves obtaining the relevant license for your company setup in Dubai. After paying the requisite fee and receiving the license, you can conduct business operations.
- Open Bank Account
Once the company is incorporated, you must open a corporate bank account in Dubai to track the financial transactions related to your business.
Documents Required for DIC Company Formation
To start a company in the Dubai Industrial City free zone, you must submit the following documents:
- Passport copies of all the shareholders
- Copy of business plan
- Memorandum of Association (MoA)
- Proof of share capital
- Articles of Association (AoA)
Benefits of Setting Up a Business in DIC Free Zone
Here are some benefits of setting up a business in the Dubai Industrial City free zone:
100% foreign ownership is allowed in this free zone.
- DIC offers a tax-friendly environment that helps enhance business operations.
- Multi-currency transactions are permitted.
- The free zone offers top-notch infrastructure, such as well-planned roads and uninterrupted telecommunication along with electrical networks.
- There is no import duty on machinery, raw materials, or equipment used for production purposes.
- Total repatriation of profits is available with company formation in DIC.
Availing of BSW’s Assistance
Start your business journey in the DIC free zone and enjoy its benefits. Business Setup Worldwide (BSW) can help you seamlessly register your company. We handle the entire application and documentation process so you can focus solely on your business operations. Contact us today to get started.
Frequently Asked Questions
DIC is a dedicated industrial zone in Dubai that provides a range of facilities and services for businesses involved in manufacturing, logistics, and related industries.
DIC offers a variety of facilities like:
- Pre-built warehouses and factories
- Land plots for custom-built facilities
- Shared facilities (e.g., workshops, laboratories, etc.)
- Infrastructure such as roads, utilities, and security services
Businesses in DIC can sponsor visas for their employees. The specific requirements may vary depending on the employee's nationality and the nature of their employment.
