Dubai Internet City (DIC) License Types for Company Formation

Select from a spectrum of licenses for company formation.

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Welcome to the Best guide on Dubai Internet City (DIC) License Types for Company Formation By Fzbuddy! If you’re an entrepreneur, a tech wizard, or a business owner looking to set up shop in the heart of the Middle East’s tech hub, you’ve landed on the right page. This article is your one-stop-shop for everything you need to know about company formation in DIC, including the types of companies you can form and the process of company formation.

Overview of DIC: More Than Just a Business Park

Dubai Internet City (DIC) is not just another business park; it’s a vibrant ecosystem designed to support technology companies and dynamic start-ups. Imagine a place where innovation meets business opportunities, and you’ve got DIC. With excellent facilities, including venues for events and fitness facilities, DIC is the place for business growth and business activity. It’s a hub for corporate learning and an internet search engine for opportunities.

Read More: Fujairah Free Zone License Types for Company Formation

Benefits of Setting Up a Company in DIC: Why You Should Consider It

Why should you consider DIC for your business venture? Here’s why:

  • Tax Benefits: Zero corporate income tax and personal income tax.
  • Repatriation of Capital: Send your profits back home without a hitch.
  • Networking Opportunities: Rub elbows with the who’s who of the tech world, including an international community of innovators.
  • Residency Visas: Easy process for obtaining employment / residence visas for your team.
  • Office Space: From flexi-desk packages to executive offices, DIC offers a variety of office spaces to suit your needs.

Types of Licenses for Company Formation in DIC: Choose What Fits

There are many licenses you can get is DIC. Finding one that’s the best for your needs isn’t hard. Below are some Licenses you can choose from.

Free Zone Establishment (FZE) License

Ideal for individual services and freelance professionals, the FZE license allows a single legal entity to operate. The minimum share capital investment required is quite flexible, making it a go-to for many business owners. This license is also perfect for software development companies.

Free Zone Company (FZC) License

This license is perfect for limited liability companies and offers a wide range of services. It allows multiple shareholders and offers protection of properties. It’s also suitable for businesses that require commercial offices.

Branch Office License

Already have a parent company? Open a branch office in DIC. This license allows foreign companies to establish a fully functional office. It’s a great option for companies looking to expand their business activity in the region.

Professional Services License

For those in the corporate services or consulting sectors, this license is your best bet. It allows you to offer a range of relevant services, including digital voice services and acting as a legal representative.

General Trading License

If your business plan includes sales activities across different sectors, this license is for you. It allows a wide range of business activities and is perfect for those looking to set up a business center.

E-Commerce and Multimedia Licenses

Planning to dive into the world of online platforms or multimedia content creation? These licenses are tailored for e-commerce multimedia development. They’re also suitable for businesses that require an e-commerce license.

Read More: List of Abu Dhabi Global Market (ADGM) Licensing Options: Choose the Right License for Business

Requirements for Obtaining a DIC License: What You Need to Know

You will need to complete some requirements before getting your license. The information below will tell you all about it!

Initial Approval from the Relevant Authority

The first step is to get an initial approval letter from the Dubai Development Authority. This involves submitting a business plan and additional documents, including freelance permits1.

Legal Documents to be Submitted for Approval

You’ll need to provide several legal documents, including:

  • Certificate of Incorporation
  • Specimen Signatures
  • Passport Copies of the Owners
  • Additional Documents such as TECOM Investments approvals

Registration Process and Fees Involved

The registration process is straightforward but involves various government fees, including customs duty. You’ll also need to consider the cost for business setup, including the license fees and Dubai Holding fees.

Advantages of Applying for a DIC License: Why It’s Worth It

  • Market Development Opportunities: DIC offers a plethora of business incubation programs and benefits of business setup.
  • Legal Framework: DIC has a robust legal framework that supports business setups, including software licenses.
  • Commercial Space: From flexi-desk packages to executive offices, DIC has it all. It’s also home to business consultants and offers excellent business facilities.

Conclusion: Your Next Step in Business Growth

So, there you have it! A comprehensive guide to License Types in DIC With its myriad of benefits and streamlined processes, DIC is the ultimate destination for anyone looking to make a mark in the tech industry. Ready to make the leap? Head over to Dubai Internet City (DIC) for more information and start your journey in this Dubai Free Zone.

Sources


FZBuddy aims to provide accurate and reliable information as you navigate the UAE Freezone space. As such, our writers refer to primary information sources in supporting each article appearing on this website. These include, but are not limited to, published news articles, government portals, research papers, and more.

  1. Innovation & Technology Hub in Dubai | Dubai Internet City. (n.d.). Dubai Internet City. https://dic.ae/
  2. Dubai Technology Entrepreneur Centre. (n.d.). Dubai Digital Park | DTec. Dtec. https://dtec.ae/dubai-digital-park/
  3. Home – Executive Council. (n.d.). Executive Council. https://tec.gov.ae/en/home

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