Dubai Internet City Free Zone (DIC)
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About Dubai Internet City (DIC)
Dubai Internet City (DIC) is the largest ICT hub in the Middle East and North Africa region, and acts as a strategic base for companies targeting regional emerging markets. This tech business community 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 tech companies including prestigious names such as Facebook, Google and Microsoft.
Prices starting from AED 7,500 (freelancer licence)
Average business setup time: 4 weeks
Benefits of setting up a company in: Dubai Internet City Free Zone (DIC)
100% BUSINESS OWNERSHIP AND CAPITAL REPATRIATION
As an expatriate, you can own 100% of the company and remit all profits to your home country.
DIC is the ideal base to conduct international business thanks to its location in the heart of Dubai.
Work alongside some of the world’s biggest names including Google, Facebook and others.
DIC features a number of commercial premises including 80 restaurants, hotels and retail units.
SUITED TO ALL SIZES
DIC caters to businesses of all sizes, offering flexi-desk packages and commercial office units.
WIDE RANGE OF ACTIVITIES
Shams welcomes a wide range of business activities and allows for multiple activities under one licence.
Dubai Internet City Free Zone (DIC) welcomes a range of financial and professional business activities. Here are some of the most popular options:
Internet and Network Services
Software Development, Installation and Modification
Multimedia Development and Distribution
Physical Presence Requirement
You do not have to be physically present to complete the setup process of your company.
Dubai Internet City Free Zone Business Formation
Dubai Internet City Free Zone is one of the most popular free zones in Dubai for businesses.
If you’re looking to set up your business in Dubai Internet City, look no further. In this blog post, we’ll guide you through the process of company formation in Dubai Internet City Free Zone.
We’ll provide you with all the information you need to get started. Read on to find out more!
What Is a Free Zone?
A free zone is a designated area in Dubai or another country where businesses can operate with fewer restrictions than in the local market. Businesses operating in a free zone are exempt from certain taxes and regulations that apply to businesses outside of the free zone.
This makes it an attractive option for business owners looking to start or expand their operations in Dubai.
Dubai Internet City Free Zone is one of the largest and most well-known free zones in Dubai. It offers a variety of business licences for companies operating in a wide range of industries.
What Is Dubai Internet City Free Zone?
Founded in 2000, Dubai Internet City Free Zone is an integrated technology park that provides a platform for businesses to connect with emerging technologies and grow their operations. Dubai Internet City offers business premises, office space, state-of-the-art infrastructure, and next-generation IT solutions.
The Dubai Internet City Free Zone has more than 600 buildings with over 200 leading technology companies from over 50 countries.
There are several advantages to setting up your business in Dubai Internet City.
Advantages of Dubai Internet City
The Dubai Internet City business park has a large number of companies operating in it, including some international brands such as Google and Microsoft.
In addition to this, Dubai Internet City Free Zone offers many benefits for businesses that operate within its boundaries:
- Exemption from income tax, corporate tax, and import or export duty
- 100% foreign ownership
- No restrictions on repatriation of profits and capital
- Easy process for company formation
How Do I Set Up a Business in Dubai Internet City Free Zone?
The process of setting up a business in Dubai Internet City Free Zone is relatively simple. You can hire a professional company formation agent like us to help you.
The first step is to choose the business licence that best suits your needs. Dubai Internet City offers a variety of licences for companies operating in a wide range of industries.
Steps for Dubai Business Formation at Dubai Internet City Free Zone (DIC FZ)
The steps for Dubai Internet City business formation are pretty simple, especially if you get in touch with Virtuzone.
There are three main steps to setting up a company in Dubai Internet City.
The first is to contact us here at Virtuzone. We can make sure that you’re choosing the best option for your business type and plans.
The next step is selecting the appropriate licence and activity.
Then, the third step is applying for that licence through Dubai Internet City’s e-services portal. We can do that on your behalf and ensure all the documents are perfect so the process is as smooth as possible.
We will create an account with Dubai Internet City Free Zone (DIC FZ). This will allow you to access their online services, including applying for licences and registering your company.
Decide on the Type of Business Entity for Dubai Internet City Free Zone
After choosing the right licence, you need to decide on the type of company that best suits your needs.
Here are some of the free zone licence types you can choose from.
Commercial Licence (Trading Licence)
This licence allows you to import and export goods. Dubai Internet City allows companies with commercial licences to import, export, hold, and store goods locally. This is perfect for a business that wants to practice retail operations.
Professional Licence (Service Licence)
If you’re setting up a business that’s not involved in importing and exporting goods, but provides services to Dubai Internet City businesses, then you need a Dubai Internet City professional licence. Examples of permitted activities include marketing or advertising agencies, consultancy firms, IT companies, and more.
A Dubai Internet City Industrial Licence is for companies that manufacture products locally. Dubai Internet City Free Zone offers several warehouses as well, so you can store your goods in a safe place after manufacturing them.
After selecting the appropriate Dubai Internet City free zone business licence, you need to pick out the area in Dubai Internet City where your business will operate in.
Dubai Internet City Zones
There are three main zones in Dubai Internet City. They are each ideal for a different type of business.
This is the area for businesses operating in the technology, media, and telecommunications industries.
Marketing Square is home to companies involved in marketing, advertising, and PR services.
Businesses involved in design, content creation, and the entertainment industry will find Dubai Internet City’s creative cluster a great place to operate from.
Registering Your Company Name
Once you have chosen the right licence, you need to set up a company name and register it with the Dubai Economic Department (DED).
You will need to find a suitable office space in Dubai Internet City. The location must be convenient for employees and clients. You also need to make sure that the Dubai Internet City office space meets all applicable zoning laws and regulations.
Liaising With the Dubai Economic Department (DED)
The Dubai Economic Department (DED) will also approve and provide your licence. This can be done through Virtuzone! The cost of this process varies depending on what type of licence is required by Dubai Internet City.
You should also register your company and Dubai Internet City office space with Dubai Customs to ensure that all imports or exports are processed in the most cost-efficient manner possible.
Finally, you need to hire any employees for your Dubai Free Zone business formation. You will then be able to apply for a Dubai residence visa for yourself and your employees.
Other Dubai Free Zones
When it comes to Dubai, there are over 30 Dubai Free Zones to choose from. Dubai Internet City is just one of them!
If you’re looking for Dubai business formation, Dubai Airport Free Zone or Dubai Media City could also be great choices for you.
Here are some other popular Free Zones in Dubai:
- Dubai Media Centre
- Dubai Multi Commodities Centre
- Dubai Science Park
- Dubai Silicon Oasis
- Jebel Ali Free Zone
If you’re looking to set up your business in Dubai Internet City Free Zone, look no further. We’ll guide you through it all.
Successful Dubai Internet City Businesses
A lot of successful businesses have opted for company formation in Dubai Internet City. It is home to businesses from all over the world, so you can be sure that your company will have access to a wealth of knowledge and resources.
Some notable Dubai Internet City businesses include:
- Facebook Dubai Office
- Google Dubai Office
- Microsoft Dubai Office
- Oracle Dubai Office
- Siemens Dubai Office
Dubai Internet City Free Zone is perfect for companies in the technology industry, but there are plenty of other business options here as well. If you’re not sure which Dubai Free Zone is right for you, our team at Virtuzone can help.
Contact us today to get started!
Living In Dubai Internet City Free Zone
If you’re looking to relocate your business and live in Dubai, Dubai Internet City is a great option. The area offers plenty of amenities for residents, including schools, hospitals, malls and more.
Dubai Internet City is located in the heart of Dubai, making it easy to get around. Plus, the area is home to a lot of expats, so you’ll be able to meet people from all over the world.
The Dubai residence visa allows employees to stay in the country for up to three years with the possibility of renewal. For more information on Dubai residence visas, please get in touch as we can assist.
Real Estate in Dubai Internet City
Residential real estate in Dubai Internet City is some of the most sought-after in Dubai. Prices for apartments and villas start at around AED 900,000 and go up from there.
Dining in Dubai Internet City
Dubai Internet City is home to some of Dubai’s most popular restaurants. There are plenty of options for every budget and cuisine preference, so you’ll never go hungry here! The area also boasts many cafes and coffee shops where people can sit down with their laptops or grab a quick bite on the go.
Famous restaurants in Dubai Internet City include Rossovivo Artisan Pizza, Sumo Sushi & Bento DMC, Wok Boyz and a few more.
If you’re looking for a more affordable option, head to one of the many shawarma places or Indian restaurants in the area. Dubai Internet City is also home to some great international chains like Nandos, Subway and McDonald’s.
Activities in Dubai Internet City
The Greens Souk is a mall 10 minutes away from Dubai Internet City. It is quite a large shopping destination that entails several retail shops, multiple dining outlets, and a variety of cafes and play areas.
The Golden Mile Galleria Mall in Palm Jumeirah is at a distance of 8 minutes. The mall has around 70 outlets and many casual dining restaurants as well.
Other large malls near DIC are Mall of The Emirates and Ibn Battuta Mall, which are 10 minutes away.
If you’re looking for beautiful, picturesque and great evenings near DIC, there are some popular beaches like Al Sufouh Beach and JBR Beach. Other leisure places include Emirates Golf Club, Jebel Ali Racecourse, Dubai Marina Walk and Skydive Dubai which are all a-15 minute drive away.
Schools Near Dubai Internet City
There are prominent schools near DIC like Blossom Palm Jumeirah and British Orchard Nursery.
The International School of Choueifat Al Sufouh is an 11-minute drive away. It follows the SABIS (UK/US) curriculum from KG1 to Grade 12. Regent International School follows the National Curriculum of England and is an 11-minute drive away.
Other nearby schools are GEMS Wellington International School, GEMS Dubai American Academy and American School of Dubai. These are accessible at a 13 to 17-minute drive by car.
Dubai Metro runs through Dubai Internet City, which makes it easy to get around the area. Dubai International Airport is only 25 minutes away via taxis and there are plenty of taxis available for hire at any time of day or night.
The Dubai Marina tram also runs from Jumeirah Beach Residence to Dubai Marina, making it easy to get around that area as well.
Dubai Internet City Free Zone Services
Virtuzone can help you set up your business in Dubai Internet City Free Zone. We’ll help you with all the paperwork and make sure everything is in order so you can start trading as quickly as possible.
We offer a variety of packages to choose from, so you can find the perfect one for your needs. Our team of experts is here to help and answer any questions that might arise during your Dubai business formation process.
Get in touch now to find out more. We’re happy to answer your questions.
Start your business today
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