Dubai Internet City - DIC

Introduction

In 2000, Dubai Internet City was established and became one of the largest information and communication technology (ICT) business park in the Middle East and North Africa (MENA) region.

Now, it host a dynamic international community of IT companies, enterprises and entrepreneurships and ventures such as Microsoft, Dell, IBM and many leading information technology companies.

Dubai Internet City Free Zone

Dubai Internet City (DIC) is part of Dubai Technology and Media Free Zone. It provides  investors a knowledge-economy ecosystem that is designed to support the development of Information and Communications Technology (ICT) companies and it is the biggest IT infrastructure build inside the free zone. Strategically, an incorporated DIC companies target the emerging market in a vast region extending from Middle East to the Indian subcontinent and Africa to the CIS countries.

Advantages and Benefits

  • 100 % foreign ownership
  • Exemption from corporate profit and personal income taxes for 50 years
  • Repatriation of profits
  • Dynamic international community
  • Metro Ethernet environment
  • Ample amount of opportunities for:
         -Business interaction and networking
         -Channel and market development
  • Excellent communication infrastructure based on next-general technologies
  • Short term lease is available that allows company to explore businesses and market
  • Wide range of business sectors.
        -Software development.
        -Business services.
        -Ecommerce.
        -Consultancy.
        -Sales & Marketing.
  • Excellent IT industry focused infrastructure
  • Single-window operations for business with government departments.
  • Ability to open and maintain bank accounts in UAE.
Jurisdiction
Dubai Internet City
Type of Entity
Freezone Limited Liability Company -    FZ-LLC
Our Time to establish a new company
30 to 45 Working Days
Shareholder on FZ-LLC
1
Directors
Minimum 2 directors
Manager
1
Minimum paid up share capital
AED 50,000 (depending on the license)
Personal or Corporate income tax
No
Double Tax Treaties
74 Countries
Publicly accessible record of directors/Managers
No
Company secretary required
Not Applicable
Local or Qualified company secretary required
Not Applicable
Requirement to file annual accounts
As may be requested by the authorities
Visa Eligibility
Depending on the type of office and company activity

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