Dubai Internet City(DIC)

Dubai Internet City started its operation in the year 2000, now it has been grown and became one of the largest Information and Communication Technology (ICT) Business Park in the middle east region which is hosting regional and global companies. Dubai Internet City(DIC) offers an environment which attracts all the elements of the ICT value chain and assists IT and Telecoms businesses develop, innovate and grow while enjoying all the free zone benefits like 100% business ownership in the company and a tax-free income, suitable  networking opportunities, industry building programs and government related services. Now DIC free zone is home to the global ICT giants including Microsoft, Oracle, HP, IBM, Dell, Siemens, Canon, Cognizant, Cisco, and small and medium enterprises established their regional base in Dubai Internet City. The ICT cluster in Dubai Internet City comprises companies from various sectors such as software development, business services, e-commerce, consultancy and sales and marketing. DIC free zone provides a cost-effective base for ICT companies to explore business opportunities in the regional market. This facility enables businesses to conduct feasibility studies, evaluate future potential and scout for new business or collaborative ventures and work alongside existing and future enterprises operating within DIC.

 Procedure for company set up in Dubai Internet City

  • Application for License (Emirates CA Group will assist you)
  • Business Plan (Emirates CA Group will assist you)
  • Passport copy of the Shareholders
  • Passport copy of the proposed directors and manager
  • Activity of the proposed company from the activity list

Once these documents are submitted, the project will be reviewed by the concerned authority and they will grant the approval. This will have to be followed by the submission of the below documents for individual shareholders to set up the company.

  • Application for Registration
  • CV for the shareholders
  • Bank reference letter (for the shareholder/s)
  • RIC form
  • Resolution (to be signed in front of DIC representatives)
  • NOC from the current sponsor (if the appointed manager is employed by a different company in UAE)

Cost Structure

 

Particulars

 

Cost in AED

Registration Fees

3,510

License Fees

15,010

Share capital ( to be deposited)

50,000

Shared desk ( 1 visa) (include Registration + License fees)

25,000

Exclusive desk ( 2 visa) (include Registration + License fees)

35,000

Executive office ( 4 visas) (include Registration + License fees)

96,000

 

Advantages of setting up company in Dubai Internet City (DIC)

  • 100 % personal tax exemption for 50 years
  • 100 % corporate tax exemption for 50 years
  • 100 % ownership to foreign investor
  • 100 % profit repatriation
  • Opportunities for new IT business interaction and networking
  • Communications infrastructure built on next generation technologies
  • Digital voice and high-speed data rate offered at cheap rate
  • World’s biggest commercial IP telephony network

The professional consultants at Emirates Chartered Accountants Group can assist you in company formation in Dubai Internet City (DIC) and we provide excellent services for setting up a business in DIC. For more information contact us at 042-500290, 055 4211299 or Email us to enquiry@emiratesca.com