How to Start a Company in Dubai Internet City (DIC) From Home (2023 Guide)

2023 guide: Launch your Dubai Internet City Company from home with ease

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Picture this: You’re sitting in your cozy living room, sipping on a cup of tea, and you realize you can start a company in Dubai Internet City (DIC) without leaving the house. How? FZBuddy got you covered.

We prepared this easy-to-follow guide on how to start a company in Dubai Internet City (DIC) from home.

How to Start a Company in Dubai Internet City (DIC) from Home

Starting a company in Dubai Internet City (DIC) from the comfort of your home offers a unique blend of world-class infrastructure and a vibrant business environment. Known for its focus on technology and innovation, DIC attracts a wide range of business activities from across the globe. Whether you’re in the United Arab Emirates, the Dominican Republic, or remote locations like Sri Lanka or Costa Rica, this guide will help you navigate the setup process with ease. Let’s delve into the steps to kickstart your entrepreneurial dreams in one of Dubai’s most dynamic Free Zones.

Step 1: Research and Planning

Before embarking on your business journey, thorough research and planning are essential. Start by developing a comprehensive business plan outlining your goals, target market, financial projections, and the types of companies that succeed in DIC, particularly focusing on the technology sector. This foundational step helps in aligning your business goals with DIC’s innovative environment, ensuring your venture taps into the wide range of business activities available.

Step 2: Determine the Business Structure

Selecting the right business structure is crucial and varies depending on whether you opt for a Limited Liability Company, a branch of a foreign company, or another form. This decision impacts your legal structure, business requirements, and operation within DIC’s regulatory framework.

Step 3: Choose a Company Name

The process of naming your business in Dubai Internet City is both creative and regulated. Ensure your company name is unique and adheres to DIC’s naming conventions. A well-chosen name not only defines your brand identity but also complies with the relevant authorities in Dubai.

Step 4: Fill Out the Online Application

Completing the online application form via the DIC platform is a critical step. This process involves submitting your business plan and other additional documents that validate your business activities. A meticulous approach to this step ensures smooth progress towards receiving your initial approval.

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Step 5: Consult with a DIC Representative

Navigating the complexities of starting a business in a foreign country can be daunting. Consulting with a DIC representative or business setup consultants offers invaluable insights into DIC’s legal requirements and registration procedures.

Step 6: Prepare and Register the Formation Documents

Think of this step as setting the cornerstones of your business empire. It would be best to do this when starting a company in Dubai Internet City (DIC) from home. You’ll need to prepare the company formation documents.

These documents include board resolutions, articles of association, and other legal documents. Your chosen representative can help you do this process smoothly, even through e-signature.

Step 7: Visit Dubai and Get that Visa Package and Emirates ID

A visa package and Emirates ID are requirements when starting a company in Dubai Internet City (DIC) from home. You need to visit Dubai to get these documents. Travel to Dubai using your Tourist Visa.

You can begin with the necessary procedures. You can get a local tourist phone number upon your arrival at the airport. Next, you have to get a medical test. The examination must be in an approved center. This step is needed to meet the health requirements. You must accomplish several steps before obtaining your Visa Package and Emirates ID.

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Step 8: Secure a Tax ID

A few simple steps exist in getting a Tax ID for starting a company in Dubai Internet City. You can also do it from the comfort of your home. Always remember that you are not required to pay taxes in a free zone like DIC.

But you must file taxes every year. This is required even if there is a 0% tax rate.

Step 9: Open a Bank Account

A bank account is crucial in starting a company in Dubai Internet City (DIC) from home. It’s not only compliance. It is necessary to manage your company, whether it’s the transactions, overall finances, and cash flows.

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Traditional banking procedures require physical presence. Good news: several banks in Dubai offer to open a business account remotely. It’s convenient and offers other benefits. When you’re done setting up your account, make your initial deposit.

Make sure you can access online banking for 24/7 account management from home. The banking setup in Dubai could be challenging to navigate. But a representative or professional consultancy to help you have seamless transactions.

Factors to consider in choosing a bank:

Here are some ideas to start in choosing a bank for your business. Take time to balance and look for these factors.

  • Convenience (Ease of transactions)
  • Customer service
  • Banking Charges
  • Digital capabilities

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Required Documents for opening a business account: (depending on the bank)

Another thing to take note of are the necessary documents. Always make them available and handy.

  • Relevant licenses
  • Shareholders’ identification documents
  • Business plan
  • Proof of incorporation

Step 10: Set Up a Virtual Office

Remember when we said you could start this from home? It’s time to circle back. You can set up a virtual office in DIC, meeting the physical presence criteria without needing an office overlooking the vibrant city.

Take note that your virtual office must meet all legal requirements. When you set up your virtual office, you can now smoothly register your company. Then, you can get the necessary licenses and permits.

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Exploring Business Opportunities in Dubai’s Dynamic Free Zones

Dubai’s diverse free zones, like Dubai Silicon Oasis, Dubai Internet City (DIC), and Dubai Airport Freezone, offer a fertile ground for various business activities. These zones, including the bustling Dubai Media City and the innovative Dubai South Free Zone, are renowned for their world-class infrastructure, providing an ideal setting for businesses ranging from eCommerce businesses to professional services.

Key Benefits of Dubai’s Free Zones:

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  1. Strategic Location: Situated in the heart of the Middle East, close to significant markets like North Africa, Hong Kong, and the United Arab Emirates, these zones offer unparalleled access to global markets.
  2. Customs Duty Exemptions: Businesses in these zones enjoy significant benefits like exemption from customs duty, making them attractive options for international trade.
  3. Tax Advantages: With no personal income tax and various tax exemptions, these zones present a lucrative environment for both established companies and startups.
  4. Versatile Business Licenses: Offering a range of types of business licenses, these zones cater to diverse sectors, from industrial license holders in Jebel Ali Free Zone to tech companies in Dubai Silicon Oasis.
  5. Premier Office Space: Whether it’s office space in Dubai South Logistics park or flexible solutions in DIC Free Zone, businesses can find the perfect spot to grow.
  6. Professional and Legal Services: Entities like RIZ & MONA provide expert legal consultancy business services, aiding in company registration and business consultancy.

These zones, including Abu Dhabi’s Free Zone and Abu Dhabi Global Market (AGM), also extend their reach to places like the Caicos Islands, Saint Kitts, Saint Vincent, and even remote locations like the Falkland Islands and Bouvet Island. Their inclusive approach welcomes entrepreneurs from Equatorial Guinea, Puerto Rico, and the Czech Republic, offering a unified platform for global business expansion.

For those in the Ras Al Khaimah Economic Zone or exploring options in Jebel Ali Free Zone Authority, Dubai’s free zones provide a seamless pre-approvals process and access to advanced art infrastructure. They are ideal for home-based businesses, eCommerce ventures, and companies requiring robust office space solutions.

Navigating through the application process and understanding the legal requirements can be streamlined with the assistance of business setup consultants. These consultants offer tailored advice, from understanding types of business licenses in Ajman Free Zone to exploring professional services in Dubai Dubai.

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Moreover, for those looking to extend their reach beyond the Middle East to regions like Polynesia French, Svalbard And Jan Mayen, or even the Democratic People’s Republic Of Korea, these zones offer a gateway to diverse markets. This global connectivity is a significant draw for businesses from the United States to the Arab Republic, seeking a foothold in Dubai’s dynamic free zones.

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Conclusion

Starting a business in Dubai’s free zones, including Dubai Silicon Oasis, Dubai Internet City, and others, presents an opportunity to tap into a thriving ecosystem of innovation, growth, and global connectivity. These zones offer the ideal platform for businesses of all sizes, from startups to multinational corporations, to expand their reach and achieve their entrepreneurial ambitions.

FAQ

What are the types of Trade Licence in DIC? 

Answer:  DIC offers professional, commercial, and other common license types.

What business activities are allowed in DIC?

Answer: A wide range of business activities in communications technology and digital platforms.

Are there other additional documents required for shareholder-based corporate applicants? 

Answer: Additional documents (original & notarized) may be required.

Do you need a parent company or a mainland entity as individual business owners? 

Answer: For individuals, you can still establish a company without a parent company or mainland entity.

How to form a company in DIC? 

Answer: Usually, it involves company registration, legal forms, and other legal requirements.

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. Home – Executive Council. (n.d.). Executive Council. https://tec.gov.ae/en/home

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