The most important information and communications technology center in the Middle East and North Africa is Dubai Internet City (DIC), an investment in TECOM. The purpose of the free zone was to promote the growth of the communications and technology industries. Dubai Internet City also provides its members with a world-class infrastructure and an exceptional business community when it comes to company formation.
Dubai Internet City is a member of TECOM Investments, a subsidiary of Dubai Holding. It serves dynamic start-ups that are capable of driving innovation and expressing Dubai’s vision and mission. Companies can now establish themselves in such lucrative markets thanks to the jurisdiction’s continued growth and success in IT-related services.
DIC, which was founded in 2002, is home to Microsoft, Oracle, HP, Dell, Nokia, and Samsung, among other well-known brands. In addition, it has provided opportunities for international businesses seeking a sustainable and profitable location to establish themselves in emerging indigenous markets.
One of its main draws is DIC’s central location. The free zone, which is in the center of Dubai, makes it easy to get to Sheikh Zayed Road, making it much easier to commute. As a result, you can get to other important parts of the city much faster. In addition, DIC has over 80 restaurants, banking, and other business facilities, providing a wealth of amenities.
In Dubai Internet City, company formation focuses on creating an environment that encourages innovation and provides opportunities for networking. The DIC free zone is a center for innovation with a mission to advance science, education, new media, and technology. In addition, the DIC free zone fosters talent and creativity by supporting startup businesses.
Some of the benefits of starting a company in DIC free zone include:
Entrepreneurs are unable to conduct business on the mainland if they establish a business in a DIC free zone. However, the authorities have put in place a number of amenities to ensure that investors and entrepreneurs can set up businesses in the most efficient manner possible. There are a number of legal entities that can register in a DIC free zone, including:
The free zone offers various kinds of facilities for business setup. These include:
The mission of DIC is to facilitate the expansion of established businesses as well as new startups into global high-tech companies. As a result, all activities that are permitted by DIC authorities are IT-related.
DIC authorities issues various kinds of licenses. However, the most prominent licenses issued to entrepreneurs are:
Dubai Internet City license costs start approximately from AED 15,000.
The recharging system of organizations in DIC is exceptionally practical and straightforward. Your Dubai Internet City free zone license can be renewed without the need for an annual audit report.
You will need to pay the renewal fee and submit your facility’s signed lease agreement to renew your company’s license. Additionally, having a company in DIC makes it possible to renew without having to be physically present in the UAE; this can be accomplished through an agent.
Company liquidation, like renewal, does not require the owner’s physical presence and can be carried out through an agent. You will, be that as it may, be expected to pay the public authority charge to finish the course of liquidation.
Company liquidation takes about one month and involves the following steps:
Be a part of this innovative city with AceTax Consultants. To know more about Dubai Internet City license costs, procedures, and more, contact us today!
You can get Dubai company registration, business licenses, PRO services, and more from AceTax Consultants. In addition, we provide solutions for your company formation in the UAE-related requirements.
Contact our knowledgeable consultants at +971 553 810 715 or send a WhatsApp message to +91-9899795588 to begin your business journey and learn more. You can also send an email to info@acetaxuae.com to get answers to your questions quickly.
Your business cannot be moved from one free zone to another. However, you can open a branch of your current business in a different free zone.
If you want your business to be in a different free zone, you will have to close it down in the current zone and start it up in a different free zone.
We, at ‘ACE Tax Consultants’, are engaged in rendering efficient Business setup and Consultancy Services viz. Company formation, Financial and Accounting Services, Management Consulting, VAT Advisory, Outsourcing Services, Project Financing, Payroll Process Outsourcing and taxation to our esteemed clients.
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