Quick Look DIC

Dubai Internet City

Dubai Internet City free zone (DIC) is the largest technology business community within the MENA region.

LICENSES: Internet | Technology based services

FACILITIES: Offices | Executive desks

COSTS: Medium (from US$17,000/AED 63,000)

Recommended for: Internet startups, Internet/technology companies

How can we help you?

  • Recommend the best options as per your requirement
  • Incorporate your company with ease
  • Provide a holistic solution for all your business needs

Download your free guide on DIC Company formation!

Please fill in your details so that our legal advisor can contact you and guide you through the process.

DUBAI INTERNET CITY

DIC free zone provides an avenue and a community that fosters entrepreneurs, empowers SMEs, and brings together global ICT leaders to Dubai. Businesses based in this free zone gain access to an ecosystem of knowledge workers, service providers, and global expertise.

WHY DIC?

  • Creative community geared towards innovation
  • Brings together entrepreneurs, startups, facilitators, and Fortune 500 companies
  • Clearly laid out rules and regulations
  • Excellent connectivity to metro and roadways
  • Access to premier residential developments like The Greens, Barsha and Dubai Marina.
  • Managed by Dubai Creative Clusters Authority, which also manages similar knowledge clusters across Dubai
  • Full range of business activities
  • All Free Zone benefits

FORM YOUR DIC COMPANY NOW!

Similar Free Zones in Dubai

Dubai South (Dubai World Central)

Dubai Silicon Oasis

DMCC

Advantages of company formation in Dubai Internet City

  • 100% foreign ownership
  • 0% corporate tax for 50 years
  • 0% personal income tax
  • 100% repatriation of capital and profits
  • 0% import or re-export duties
  • No currency restrictions
  • No restrictions on foreign talent or employees

In addition to this, company formation in the DIC can derive benefits from the extensive network of double-tax avoidance treaties that the United Arab Emirates has signed with countries worldwide, including countries such as India, Pakistan, Singapore, China, Malaysia, Canada, Germany, Italy, Austria and Holland.

Dubai offers the additional benefits of a very high standard of living and a vibrant expatriate community with people from over 180 nations living and working in the region.

Company formation in Dubai Internet City can take the following legal forms:

FZ-LLC (Limited Liability Company)

An FZ-LLC is formed as a separate legal entity, with shareholders as individuals and/or corporates. Minimum capital requirement depends on the business activity. Its shareholders can be an individual, corporate, or both.

The liability of its shareholders is limited to the value of the share capital they hold in the company.

Branch Company

A branch or a representative office of a parent company which already exists outside of the DIC Free Zone. The parent company can be based outside, or inside the UAE. A branch company –

  • derives its power and authority from the parent entity thus does not have separate legal personality.
  • will not have a board of directors or company secretary
  • must retain the same name as the parent entity and end with the designation (Branch).

We can help you structure your company through our DIC company formation services. Contact us to discuss your requirements. 

A wide range of service activities can be chosen for DIC company formation from the following:

  • Internet and Multimedia
  • Software
  • Telecommunication and Network
  • IT Service

Click here to view the updated list of business activities allowed company formation in Dubai Internet City.

Well-designed office spaces are made available for all types of businesses.

Company formation in Dubai Internet City requires physical office space. You can choose from:

  • Business Centre desks
  • Commercial Offices
  • Land

The Dubai Internet City also has conference room facilities for its member companies.

Here are the documents required for company formation in Dubai Internet City:

FZ-LLC – Individual Shareholder

  • Application Form
  • Business Plan
  • Passport copy of the shareholder/s, director/s, general manager, company secretary
  • CV of the shareholder(s)
  • Bank Reference Letter of the shareholder(s)
  • Resolution of the Incorporation of FZ-LCC
  • NOC for manager from UAE Sponsor (if applicable)
  • RIC form for shareholder(s), director(s), & manager
  • Share capital proof from bank or deposit receipt in trust account

FZ-LLC – Corporate Shareholder

  • Application for Registration
  • Business Plan
  • Certificate of Incorporation
  • Certificate of Continuity or Good Standing
  • MoA and AoA of Parent Company
  • Resolution for the Incorporation of FZ-LLC
  • NOC for manager from UAE Sponsor (if applicable)
  • RIC form for shareholder(s), director(s), & manager
  • Share capital proof from bank or deposit receipt in trust account
  • Passport copy of the shareholder/s, director/s, general manager, company secretary

Branch – Foreign Company

  • Application for Registration
  • Business Plan
  • Certificate of Incorporation
  • Certificate of Continuity or Existence or Good Standing
  • MoA and AoA of Parent Company
  • Resolution for the Incorporation of FZ-LLC
  • NOC for manager from the current UAE Sponsor (if applicable)
  • RIC form for manager
  • RIC form for corporate

Branch – UAE Company/UAE Establishment

  • Application for Registration
  • Business Plan
  • Trade License of Parent Company issued by DED
  • MoA and AoA of Parent Company
  • Resolution for the establishment of Branch
  • NOC from the Current UAE Sponsor (if applicable)
  • RIC form for manager
  • RIC form for corporate

* if any of the documents are in any language other than English and Arabic, then, it must be legally translated into English.

Minimum Requirements

Minimum share capital starts at AED 10,000.

The minimum capital requirement may vary and depend on the activity or segment.

You can download the list of required documents here.

Click here to access the template formats of resolutions and required documents for company formation in Dubai Internet City.

Here are the approximate costs incurred during Company formation in Dubai Internet City:

Registration fee – US$ 960 (AED 3,520)

License fee (per segment) – US$ 4,110 (AED 15,020)

Additional segment fee (per segment) – US$ 2,725 (AED 10,010)

Share Capital* – US$ 13,700 (AED 50,000) – This has to be deposited in an account in the name of the company. Can be subsequently used as working capital.

You can choose between business centre spaces and offices in the Dubai Internet City. The company would be eligible for 1 visa for every 8 square metres of office space.

Executive Desks (2 visa option ) – US$ 9,550 (AED 35,000), with a refundable deposit of US$ 1,362

Executive Furnished Office (4 visa option) – US$ 26,200 (AED 96,000) with a refundable deposit of US$ 2,725

Commercial offices (unfitted) – from 700 square feet at US$ 52 per sq.ft. per annum. 

VISAS

The company will have to apply for an Establishment Card, in order to commence the processing of visas. An additional document required is a Power of Attorney, in case a PRO is appointed.

Establishment Card – AED 1,770 (US$ 482)

Power of Attorney – AED 1,500 (US$ 410)

The next step will be applying for the visas. Here are the approximate costs:

Employment Visa – applicant outside the country – AED 3,280 (US$ 894)

Employment Visa – applicant inside the country, no status change – AED 4,120 (US$ 1,125)

Employment Visa – applicant inside the country, with status change – AED 4,910 (US$ 1,340)

Visa Guarantee (refundable deposit) – AED 2,500 (US$ 682)

Medical Test, Emirates ID – AED 1,240 (US$ 338)

Download your fact sheet for company formation in Dubai Internet City here.

How can 10 Zone help with company formation in the Dubai Internet City?

10 Zone has:

  • been setting up businesses in Dubai since 2004
  • experts in consultancy and company formation
  • a team of highly qualified Lawyers, Chartered Accountants and Relationship Managers
  • capabilities to assist you in English, Arabic, French, German, Turkish, Hindi, Afrikaans & Tagalog.

Our Services

  • Assistance in company formation
  • Assistance in bank account opening
  • Visa processing
  • VAT registration
  • HR & Payroll
  • Contracts and Agreements
  • Secretarial and Annual Compliances
  • Marketing and branding

ALL SERVICES