Dubai Internet City (DIC)
Dubai Internet City (DIC) is the Middle East and North Africa’s largest IT hub. Since the year 2000, DIC has successfully developed a prosperous ecosystem for technology organizations and has been one of the forerunners in carrying forward Dubai’s vision of transitioning into a knowledge-based economy. DIC is home to Fortune 500 companies and multinationals, including global names such as Facebook and LinkedIn, as well as some of the region’s most dynamic and successful technology SMEs and start-ups from all elements of the ICT value chain DIC offers a ‘one-stop shop’ arrangement, giving Business Partners the freedom to focus on their core operations including company incorporation, trade license and visa services.
LOCATION – DUBAI INTERNET CITY (DIC)
DIC is strategically located adjacent to other industrial clusters such as Dubai Media City and Dubai Knowledge Village. Dubai Internet City is about 25 kilometers south of downtown Dubai city, on Sheikh Zayed Road between Dubai and Abu Dhabi. It is located adjacent to Dubai Marina, Jumeirah Beach Residence and the well-known Palm Jumeirah, areas which are rapidly becoming three of the most exclusive (and expensive) residential areas of Dubai. DIC is less than 1 km from the sea coast and is near several five star hotels.
PRODUCTS & ACTIVITIES ALLOWED UNDER DUBAI INTERNET CITY (DIC) COMPANY FORMATION
DIC is the region’s leading hub where the ideas of tomorrow are born. As the largest technology business community in the region, it’s a place where innovators and entrepreneurs work, connect and share their vision for a bold new tomorrow.
BUSINESS SETUP IN DUBAI INTERNET CITY (DIC)
Software–relating to developing, installing, and/or modifying software products of their own or of a third party.
Internet and Multimedia – relating to developing and/or distributing Internet or multimedia content. Other activities may include distributing goods or services via the Internet, such as by providing an online platform and acting as a intermediary between multiple companies or multiple individuals. Additional activities may include providing different applications through a network.
Telecommunication and Network – relating to developing, installing, modifying, and/or operating networks or providing relevant services designed for operating network-based applications or services. The manufacture of physical components within the zone and direct trading of physical components and products into UAE market is not allowed.
IT Service – relating to developing, providing standardized, repeatable IT-based services, which may also include security solutions, localization, training and corporate learning.
LEGAL ENTITIES UNDER DUBAI INTERNET CITY (DIC) COMPANY FORMATION
- New Incorporation – Free Zone Limited Liability Company (FZ-LLC) with individual(s) as shareholder(s)
- New Incorporation – Free Zone Limited Liability Company (FZ-LLC) with corporate entity/entities as shareholder(s)
- Branch of a foreign/UAE based company
FEATURES OF DUBAI INTERNET CITY (DIC) COMPANY FORMATION
- 100 per cent exemption from personal income tax for 50 years
- 100 per cent exemption from corporate taxes for 50 years
- 100 per cent foreign ownership
- 100 per cent repatriation of profits
- Metro Ethernet environment
- Dynamic international community
- Opportunities for business interaction and networking
- Opportunities for channel and market development
- Communications infrastructure based on next-generation technologies