About Dubai Internet City
Established in 2000, Dubai Internet City is the region’s largest technology park. The free zone hosts some of the biggest names in the tech industry such as Microsoft, Canon, and Oracle. With almost 24,000 professionals from over 160 countries, it has become a communication and information technology hub. DIC company formation offers its investors with a conducive environment that nurtures business ideas and overall growth. The free zone is equipped with state-of-the-art infrastructure, 12 innovation centres and numerous facilities. It is also closely associated with Dubai Knowledge City and Dubai Media City.
Why choose Dubai Internet City
Equipped with the necessary features for ICT related activities including communications infrastructures and high-speed data services
Special features such as in5 centres for startups and creative professionals
Various networking opportunities with like minded individuals through regular events and integrated business environment
100% foreign ownership and repatriation of capital
Corporate and income tax exemptions
A range of office solutions including coworking spaces, commercial spaces, and light industrial units
Types of licenses for Dubai Internet City company formation
DIC provides a number of licenses according to its business activities. A general list of business activities available in DIC include
- Software services – Involves the creation and distribution of software.
- E- commerce services – This includes all buying and selling activities conducted over electronic networks.
- Internet and Multimedia services – Involves activities related to development and distribution of internet and multimedia content
- Telecommunications and Network services – Include activities related to the creation, installation and operation of telecommunications and networked services
- IT services – Includes all activities involved in the creation and management of information process
Type of business structures
Free Zone Limited Liability Company (FZ-LLC)
- A minimum of AED 50,000 share capital is required
- Shareholder(s) can be an individual or a corporation
Branch of a local or foreign Company
- Business activities of the Branch must be similar to parent company
- No minimum capital requirement
- No minimum capital requirement
- Can work as a sole proprietorship
Dubai Internet City company set up in 3 easy steps
At LegalWorks we will assist you in every step of the Dubai Internet city company formation process from the documentation collection to payment of registration and license fees. We hope to make the entire process easy and straightforward for you.
1. Apply for initial approval
Our team of specialists will take you step by step through the initial approval process. We will assist you in determining the license you need according to your business activity and the company structure best suited to your needs. Once this is decided we will help you select and register the company tradename. We will assist you in navigating through the government regulations regarding tradename to prevent any setbacks in the set-up process. The initial approval requires the submission of a few documents such as the business plan, passport copies, certificate of incorporation, and registration fee of AED 3500.
2. Submit your online application
Once you have received the initial approval, then the license registration process for Dubai Internet city company set up can begin, and the required documents submitted. The documents needed for the license include Memorandum and Articles of Association, a comprehensive business plan, Emirates ID, and NOC from the resident visa sponsor.
3. Payment and collection of license
Our team will assist you in the payment of license fees. The license cost for business activities in DIC is AED 15,000 but can vary slightly according to the nature of the activity. Once the payment is processed you will receive your license and can begin running your business
Once you have received your license you can begin the next step. Our Dubai Internet city company formation services include assistance with the visa process and renting an office space. DIC offers multiple office options to companies. For example, companies can rent a commercial office with a minimum of 700 sq ft for approximately AED 190 per sq ft. Similarly, companies can rent a business executive desk for AED 35,000. Our team can take you through all office options available and help you choose the right one for your company and number of employees.
|Type of office||Executive desk||Executive office||commercial office|
|size||desk||185 -195 sq ft||760 sq ft and above|
|cost||AED 35,000||AED 120,000||AED 190 / sq ft|
|visa||2||5||1 visa/80 sq ft|
Cost of company set up in DIC
Team up with LegalWorks for Dubai Internet city company formation and avail the best DIC has to offer.
|Registration fee||AED 3520|
|License fee||AED 15,000|
|Freelance permit||AED 7500|
|Establishment card||AED 2000|
|Employment visa (Including emirates ID)||AED 3320|
|Visa security deposit||AED 2500/ person|