Dubai Internet City (DIC) is a member of the Dubai Holding subsidiary TECOM Investments. Dubai Internet City was founded in October 1999 and opened its doors in October 2000. As of today, Dubai Internet City is one of the leading technology businesses and community hubs around the globe that caters to high-tech corporations and dynamic start-ups which reflect the vision of Dubai. The DIC directory has evolved to become a mega-hub for global high-tech companies in the regions. While continuing to attract global brands, the Dubai Internet City maps out support for startups and aspiring entrepreneurs that can drive innovation. After all, the Dubai Internet City is home to the in 5 innovation centers, a world-leading tech startup accelerator. With WIS Consultancy, you can now get your tech startup or business in the Dubai Internet City building to leverage on the various infrastructure and support facilities available!
Dubai Internet City (DIC) is the largest ICT hub in the Middle East and North Africa region. The free zone caters to businesses of all sizes, from solo entrepreneurs to multi-national Fortune 500 companies.
DIC spans 1.5m sqft and is home to 10,000+ workers at more than 1,400 companies including prestigious names such as Facebook, Google, and Microsoft.
The following entities can be legally registered in DIC:
A limited liability company in a free zone can be owned by 1 to 50 individuals or corporate shareholders with a minimum share value of AED 1,000 and a minimum share capital investment of AED 50,000.
This refers to a branch by an applicant who is a UAE resident. It doesn’t have any capitalization requirement.
A branch of a foreign company in DIC can be formed by an applicant who is a foreign national, and such a company doesn’t have any capitalization requirement.
Software: activities related to developing, installing, and/or modifying software products of the company or of a third party.
E-Commerce: activities related to individual services and products to third parties through electronic media such as an internet search engine, portal, website, social media, etc. for the purpose of facilitating sales activities.
Internet and Multimedia: activities related to developing and/or distributing internet or multimedia content. Other activities may include distributing goods or services via the internet, such as by providing an online platform and acting as an intermediary between multiple companies or multiple individuals.
Additional activities may include providing different applications through a network.
Telecommunication and Network: activities related to developing, installing, modifying, and/or operating networks or providing relevant services designed for operating network-based applications or services for self or for third parties.
IT Service: activities related to developing and/or providing standardized repeatable IT-based services, which may also include security solutions, localization, training, and corporate learning.
So, if you’re interested in setting up in a UAE-free zone and are considering your options, here is everything you need to know to decide whether Dubai Internet City is right for you.
So you’re sold on the benefits of setting up your business in Dubai Internet City – what next? There are a number of steps that need to be undertaken, some complex, some less so. Usually, the first thing to do is choose your business activity. From here you can decide on your company name, complete and file your registration paperwork with the relevant authorities, open a bank account, and apply for any visas that may be required.
However, the specifics of this process will depend largely on the type of license you are applying for and the kind of business you wish to run. That’s why before starting any of these steps, the first port of call should always be to a company setup expert who will guide you through every part of the application, ultimately ensuring the entire process requires little more than a few hours of your time.