Established in the year 2000, in the heart of “New Dubai”, Dubai Internet City (DIC) has gained the reputation of being the largest Information and Communication Technology (ICT) Business Park in the Middle East and North Africa. Dubai Internet City provides a tactical and economical platform for ICT companies trying to capture emerging markets from Indian subcontinent to Middle East, and from Central Asia to Africa. Its strategic location (25kms from Dubai, Shaikh Zayed Road to the South, Palm Jumeirah to the North, and Marina district to the West) plays an important role in attracting dynamic IT international community to setup their operations in DIC.
Setup by the government of Dubai, this economic free zone boasts of world-class infrastructure, business-friendly environment, flexible legal structure, and affable ecosystem for global and regional companies to set up their ICT business in the United Arab Emirates. DIC now houses renowned ICT companies comprising global giants like Microsoft, Cisco Systems, IBM, HP, Dell, Canon, Siemens, General Electric, Sun Microsystems, Computer Associates, PeopleSoft and Sony Ericsson along with other promising entrepreneurial ventures.
Reason to Setup Company in Dubai Internet City
Dubai Internet City is one of three initiatives of the Emirates government to develop Dubai into a knowledge-based economy. Knowledge Village (for academic institutes and training centers), Dubai Media City (for media-related companies), and DIC (for Technology companies) form the cornerstones of the government’s vision for Dubai’s growth.
Huge market for IT products and services in the Middle East and the abundant advantages that the UAE Free zones offer (tax exemptions, 100% ownership, liberal policies, etc.) continue to drive start-ups, successful technology SMEs, global IT players (Facebook, LinkedIn, etc.), and Fortune 500 companies to register their business presence in the UAE.
Dubai Internet City is the perfect place for IT business setup as it offers the best technology start-up ecosystem in Dubai and has all the elements of the an ICT value chain. Robust IT infrastructure, extensive talent pool of multi-lingual and skilled staff, tranquil landscape, state-of-the-art offices, excellent retail services, residences and hotels, and 24-hour security ensures that this IT free zone is the strategic base for over 2 billion IT people contributing towards a GDP of $6.7 trillion.
Here are few reasons why DIC is the ideal location for your company formation:
Business Set Up Process in Dubai Internet City
Specific legislation and regulation laws related to Employment, Dispute resolution and Licensing apply to the companies looking to for commercial opportunities in DIC. Setting up a business in Dubai Internet City is not tough once you approach a reliable service provider. There are multiple company formation formalities that need elaborate planning and decision making, and it’s always advisable to have a local consultant who can guide you through the legal procedures so that you are spared from the administrative hassles.
We take care of the entire process, and helps you launch your technology business in DIC with great ease by ensuring that you conduct permissible business activity by availing suitable licenses.
Types of Permissible Legal Entities
DIC is an offshore area isolated from the mainland UAE; therefore companies located within this region are not allowed to do business outside DIC (unless they obtain necessary permissions from the relevant authorities). Entities can be legally registered in DIC in the following ways:
Types of Permissible Business Activities
There is a restriction on the type of business activities that can be performed within DIC. The license to carry out business in DIC is issued only to the corporates and/or individuals performing any of the below mentioned activities:
Further, all 4 categories mentioned above are sub-divided into 4 segments, and companies need to obtain segment specific license for their chosen license category.
There are two types of business licenses available in Dubai Internet City:
Procedures to obtain a business license
The licensing and registration cost may vary based on a number of factors, you may Incorp International to get the current cost structure by availing free consultation.
Feel free to contact us.