Dubai Internet City
Leading Tech Community In The Region
About DIC
Dubai Internet City Free Zone is the biggest ICT infrastructure in the Middle East. Establish in 1999, DIC is a Dubai Holding subsidiary TECOM Investments member. Today, it is a global technology hub that caters to high-tech companies.
Many Fortune 500 companies are in this free zone, including Facebook, HP, Sony Ericsson, Oracle, Canon, LinkedIn, IBM, Schlumberger, Cisco, Dell, and Microsoft.
Setting up a company in DIC has many benefits, such as excellent infrastructure, tax relief, and complete ownership. It offers networking opportunities to businesses, which gives them the potential to expand.
A business can also establish a branch in this free zone. Startups, SMEs, and corporations can all benefit from the ecosystem of this innovation hub.
BENEFITS OF BUSINESS SETUP IN DIC FREE ZONE
Let us discuss the various benefits you can gain by starting a company in DIC.
1. Complete Ownership and Control
As an investor, you have 100% foreign ownership in Dubai Internet City Free Zone. You have the right to make all the decisions as you have full control over the business.
2. 100% Profit Repatriation
Since you are the business owner, you can send all your profits back to your home country. No rules state that you must keep the money in the UAE. Therefore, you have the benefit of investing back home and supporting your family members.
3. Lower Tax Rates
Businesses do not need to worry about paying paying high corporate tax in DIC. They only owe 9% corporate tax on profits that are over AED 375,000. Corporate tax rate is lower in Dubai free zones compared to other countries. The personal income tax rate is 0% in this free zone.
4. Fast and Easy Setup Process
The company incorporation process in Dubai Internet City is simple and hassle free. The paperwork is minimal, and you can register your company in 7 working days.
Types Of Company Set Up In DIC
- Free Zone Limited Liability Company
- Branch of a Local Registered or a Foreign Company
BUSINESS LICENSES OFFERED IN DIC
Select the right Dubai Internet Free Zone license from the following:
- Commercial License
- Professional License
- Freelance License
Permitted Business Activities in DIC
Following are the permitted business activities in DIC:
- Software Development
- Ecommerce Services
- IT Services
- Telecommunications & Networking
- Internet and Multimedia Services
How to setup a business in Dubai Internet City?
Dubai Internet City Free Zone company formation requires the following steps:
1. Choose a Company Type for Business Setup
Before you can establish your company, you need to choose a company type. You can choose Free Zone Company or a Branch of an existing company.
2. Decide a Non-Offensive Company Name
You should choose a company name that is unique. It must not be offensive and misleading. It is better to think of a minimum of three names as it will avoid delay in approval.
3. Prepare the Essential Documents
The next step is to prepare all the necessary documents for company registration. The required documents typically include the following:
- Passport copies of all shareholders and directors
- Passport-sized photos of all shareholders and directors
- Completed application form
After compiling the documents, we will submit them to the relevant authority to get the initial approvals.
4. Get the Business License
After approval, you can obtain your trade license without any further delay. Now you can operate your business in the Dubai Internet City Free Zone.
WHY SET UP A COMPANY IN DIC WITH RFZ CSP?
RFZ Corporate Services Provider simplifies the business setup process in DIC Free Zones. We provide exceptional services, including company registration, licensing, UAE residency and business bank account.
Our expert team will help you through the legal formalities of starting a business in a Dubai Internet City Free Zone.
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