Dubai Internet City Company Setup
Dubai Internet City (DIC) provides an opportunity designed to support the business development of Information and Communications Technology (ICT) companies. It is the Middle East’s biggest ICT infrastructure, built inside a free trade zone. The ICT cluster in Dubai Internet City is comprised of companies from various sectors: Software Development, Business Services, Web Based & e-Commerce, Consultancy, Sales & Marketing and Back Office Operations. DIC’s business sectors cover software, internet and multimedia, telecommunication and Network and IT Service. Here you can incorporate a Free Zone Limited Liability Company. An FZ-LLC is formed, as a separate legal entity, with shareholders as individuals and/or entities. Each FZ-LLC is required to have at least one director.
The required share capital for DIC is AED 50,000. Once we submit the required documentation and obtain the initial approval from DICFZ, the company will need to open a bank account in UAE and deposit the required share capital in the company’s bank account, where it will need to stay until the trade license is issued. Once the trade license is issued, the entire share capital can be withdrawn or used as working capital.
Leasing an office:
Offices offered in DIC range from 40 sq m to 150 sq m. For every 9 sq m leased, one visa can be obtained.
The required documents:
Please note that we would require the following documentation to proceed with the registration of an FZE and obtain a Commercial Trading License in Dubai Silicon Oasis Authority Free Trade Zone:
- Business Plan
- Financial Plan
- Information on the core activity of the company
- Passport copy of Shareholder/s, Director/s and Manager
Once we receive all the required documentation and the stipulated payment, we will prepare the registration and license applications and submit the same to Dubai Internet City Free Zone for approval. Please note that it will take approximately 4 weeks to complete the entire registration procedure and obtain the relevant license from the Free Zone Authority.
It is important that we are able to make payments as efficiently as possible to the various free zone departments in order to proceed with the registration and obtain the initial approval.