Do you want to start a company by sharing space with global IT giants like Microsoft, Oracle, HP, IBM and Dell? Then come to Dubai Internet City. This free zone is designed for the development of information and communication technologies across the globe. In the Middle East this is the largest IT free zone. DIC is the best choice, if you are into software development, ecommerce, sales, marketing or any other internet related business services.
As the market of IT products and services is getting bigger day by day, the United Arab Emirates have made it possible to bring all major IT giants under one umbrella. In this free zone you can see key IT players as well as small start ups. The companies have started exploiting this economic free zone as a strategic base for deploying information technology and services in a cost effective way.
Many steps are involved in the registration and licensing procedure. We are able to assist you in getting a valid trade license and other associated benefits in a hassle free manner. Consult with us and ensure a promising entrepreneurial venture in the DIC community.
Internet and multimedia license – If your business activities are related to developing or distributing of internet related products or services then can apply for Internet and multimedia license. Those who are using online platforms for carrying out business of multiple companies can also apply for a license. Doing additional activities like supplying applications across diverse platforms are also eligible for a license.
Software license – You can apply for a licence if you are into development, installation or modification of software products.
Telecommunication and Networking license – You are eligible to apply for a licence if you are into development, installation, modification or operation of networks or its related services.
IT services – Those who are doing IT related services or IT enabled services are able to apply for IT services license. This includes training, security solutions, marketing services and corporate learning services.
Other than the above discussed categories, other segments that will be checked before providing a license include the behaviour of the business. Authorities will check whether the company is a consultancy, developer, solution provider, support service provider, management service provider, customer service provider or application service provider.
DIC authorities will review the application and upon approval will send a provisional approval letter to the applicant. An applicant has to submit the following documents within 15 days after getting the provisional approval letter.
The submitted documents will be assessed by the authorities for its validity and check the availability of the office space. A customer confirmation letter will be send to the applicant the completion of the review procedure. Next step is the issue of Lease agreement for the office space and the Personnel sponsorship agreement. All these have to be returned with the applicants sign and seal to the DIA authority. Once all these procedures are completed finished, the DIC will issue a trade license.
You can choose a free zone depending on the type of business activity you are going to perform there. Some of the free zones that are particularly meant for each activity include
The main capital requirement depends on the type of business activity that you are planning to set up in a Free Zone. Specifications regarding the capital requirement depend up on the Free Zone you select for trading activities.
Choosing a legal form depends on the business type, trading activities, nationality of the owner and the preferred ownership options. Some of the common forms are:-
The procedures for setting up a company in a free zone are direct and easy to complete. General steps involved in it are as follows.
Normally it will take 3 weeks to finish the whole procedures. If there is any delay in the documentation procedures, then it will take 6 weeks to finish the registration process.
Free zones are attractive as it provides lucrative options to the companies. Some are the following:-Free zones are attractive as it provides lucrative options to the companies. Some are the following:-
Yes, it is mandatory, below are the property options:
A Free Zone license will give you 100% ownership of your company and complete control of your business. Incorporating your business in a Free Zone also tends to be a cheaper and easier process.
An advantage of a Non Free Zone setup is that this type of license allows you to freely operate in any area of the UAE. Even though a local Emirati sponsor who would have 51% ownership of your company, certain businesses simply work better with a Non Free Zone license. In other words, when you have a Free Zone license, you are allowed to operate only within that Free Zone but with a Non Free Zone license, you will not be restricted to one area.
