Setting Up Business in Dubai Mainland

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Benefits of Setting Up Business in Dubai Internet City

Setting up a business in Dubai Internet City (DIC) offers numerous benefits that make it an attractive destination for tech-focused companies. Some of the key benefits include

Free Zone Incentives :

As a free zone, DIC offers various incentives such as 100% foreign ownership, tax exemptions on corporate and personal income, and no currency restrictions. These incentives create a business-friendly environment, fostering growth and profitability.

Tech Ecosystem :

DIC is specifically designed to cater to tech and IT companies. It houses a diverse community of tech giants, startups, and innovative enterprises, creating a collaborative ecosystem that fosters creativity and innovation.

Skilled Talent Pool :

Dubai is known for attracting skilled professionals from around the world, and DIC benefits from this rich talent pool. Businesses in DIC can access a diverse workforce with expertise in various tech disciplines.

Research and Development

DIC supports research and development activities, allowing companies to collaborate with academic institutions and research centers, fostering innovation and technological advancement.

Lifestyle and Amenities

DIC offers a vibrant lifestyle with various recreational and leisure facilities, restaurants, and retail outlets, making it an attractive place to work and live for employees and business owners.

Reputation and Credibility

DIC is a prestigious free zone known for its focus on technology and innovation. Setting up a business in DIC enhances a company’s reputation and credibility in the tech industry.

Types of Licenses Offered by Dubai Internet City

Dubai Internet City (DIC) offers a variety of licenses to accommodate different types of businesses operating within the tech and IT industry. The types of licenses offered by DIC include:

Innovation License

This specialized license is offered to companies focused on research, development, and innovation in the technology field.

Internet Service Provider (ISP) License

This license is suitable for businesses providing internet access and related services.

Technology Consultancy License

Companies providing technology consulting, IT advisory, and project management services can obtain this license.

Multimedia License

Companies engaged in multimedia production, animation, digital content creation, and post-production services can obtain this license.

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Types of Legal Entities in Dubai Internet City

In Dubai Internet City (DIC), various legal entities are permitted to set up and operate businesses within the free zone. The types of legal entities available in DIC include:

Business Activities Permitted in Dubai Internet City

Dubai Internet City (DIC) permits a wide range of business activities, specifically focused on the technology and information technology (IT) sectors. Some of the business activities permitted in DIC include:

Setting Up Business in Dubai Internet City

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1 Company Name

Choose a unique company name that complies with DIC’s naming guidelines and is not already registered by another entity.

2 License Type:

Determine the type of license suitable for your business activities. DIC offers various license categories, such as commercial, service, freelancer, e-commerce, and more.

3 Office Space

Select an appropriate office space within DIC to meet your business requirements. DIC provides a range of office solutions to accommodate various company sizes.

4 Capital Requirements

DIC requires a minimum share capital as per the selected license type. The capital amount may vary depending on the business activities and license category.

Frequently Asked Questions

Answers to your most pressing questions

After I obtain my licence from Dubai Internet City can I operate my business in other emirates?

After obtaining your license from Dubai Internet City (DIC), your business is legally permitted to operate within the boundaries of DIC and conduct business activities specified in the license. However, operating your business in other emirates of the UAE would require additional approvals and licenses.

Dubai Internet City is a free zone, and each free zone in the UAE operates as an independent jurisdiction with its own set of rules and regulations.

Are there any mandatory financial requirements for starting a business here?

As of last update in September 2021, there are no specific mandatory financial requirements for starting a business in Dubai Internet City (DIC). However, it's essential to note that the financial requirements may vary depending on the type of business, license category, and the nature of the activities you intend to conduct.

DIC, being a free zone, offers various license categories, each with its own specific requirements. Some license categories may have minimum share capital requirements, while others may not have any specific financial prerequisites.

What are the permitted business activities in DIC?

DIC permits a wide range of tech-related activities, including software development, IT services, e-commerce, multimedia, telecommunication services, and more.

Can I apply for multiple licenses under one company in DIC?

Yes, you can apply for multiple licenses under the same company in DIC, enabling you to diversify your business activities within the free zone.

Can I lease office space in DIC before obtaining the business license?

Yes, businesses can lease office space in DIC before obtaining the business license, allowing them to secure their location and proceed with the setup process while the license application is being processed.