Dubai Internet City

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Dubai Internet City (DIC), a member of Dubai Holding subsidiary TECOM Investments, is the largest Information and Communications Technology hub in the Middle East and North Africa. DIC is a free-trade zone and an ideal base for investors wishing to target emerging global markets. The population of emerging markets is around 2 billion with a GDP of $7 trillion. DIC is located and operates in the Dubai Technology & Media Free Zone’s (DTMFZA) jurisdiction.

DIC was launched in 2000 and is now used as a base for leading multinational corporations, many of whom are Fortune 500 companies. Facebook and LinkedIn are housed at DIC, as well as many other well-known foreign and local businesses. DIC was the developer of the business park concept in Dubai and today is home to over 15,000 knowledge workers.

DIC provides support to clients who wish to incorporate their ICT business with its In5 Innovation hub and First Steps business centre. These facilities provide invaluable support, particularly helpful to start-up companies and small-medium sized enterprises, enabling them to establish their businesses swiftly and efficiently. In5 offers the necessary infrastructure, working environment and access to funds and was created to develop and encourage innovation for entrepreneurs. First Steps was created with the aim of supporting start-ups and small-medium sized enterprises, helping the businesses until they can grow. DIC provides many services, which are used by clients from the registration process to the day to day running of the company.

Where is it located?

DIC Building 4
Shaikh Zayed Road
PO Box 73000, Dubai, UAE
Tel: +971 4 3911111
Fax: +971 4 3919000
Website: www.dubaiinternetcity.com

Describe the kind of businesses? 

  • General service providers: insurance, travel, courier
  • Consultants: lawyers, accountants, auditors
  • Property management: commercial development, property management
  • Hotels and leisure: hotels, apartments 

Who are your prominent clients? 

  • Microsoft
  • Facebook
  • LinkedIn
  • Oracle
  • HP
  • IBM
  • Canon
  • Logica
  • Sony Ericsson
  • Schlumberger
  • Cisco
  • Dell
  • Siemens

What are the advantages of setting up business here? 

  • Zero personal income tax for 50 years
  • Zero corporate taxes for 50 years
  • Zero customs duty for goods and services
  • 100% foreign ownership
  • 100% repatriation of capital and profits
  • Huge industry potential
  • Highly advanced IT infrastructure
  • World’s largest commercial IP Telephony network
  • Cluster environment with well-known leading global and local companies
  • Dynamic international community with opportunities for business interaction and networking
  • State-of-the-art business centres
  • Simple company laws and legal framework with no red tape
  • Simple registration process
  • One-Stop Shop providing many services under one roof
  • Experienced and multilingual staff with expertise in their areas
  • Quiet natural surroundings of the business park – a great place to work
  • 24/7 security
  • 24/7 visa service 

What are the procedures for establishing a business here? 

Client Actions Business Park / DMTFZA Time needed
Step 1: Contact the Business Park Sales personal and submit the application and relevant documents* Review application Approx. 5 working days
Step 2: Send the legal documents for company registration as per checklist to the Business Park Sales personnel Issue of Customer Confirmation Letter and details of company, office, and payment 2 working days
Step 3: Sign and return Customer Confirmation Letter and make the payments (for registration, fee, visas, lease, etc.) Review of legal documents by DTMFZA Registration & Licensing Department. For FZ-LLC’s only – AOA, MOA, and Bank Introduction Letter are prepared 2 working days
Step 4: For FZ-LLC’s only – sign AOA and MOA, collect Bank Introduction Letter and attested resolution  
Step 5: For FZ-LLC’s only – open company bank account, deposit share capital & return “proof of capital letter” to Business Park Preparation of license & lease by DTMFZA Registration & Licensing Department.   For FZ-LLC’s a Certificate of Incorporation is issued and the Registrar signs and seals the MOA and AOA.   Preparation of lease by TECOM Leasing Department 3 working days
Step 6: Sign Lease Agreement and Personal Sponsorship Agreement and collect license. For FZ-LLC’s, collect MOA and AOA from TECOM Leasing Department. Collect keys from TECOM Security Department  

 What is the cost of setting up business here? 

Government cost & Professional fees
Trade License option / activity Cost in US$ Cost in AED
Industrial License US$ 2,570 AED 9,375
Specific Trading US$ 2,570 AED 9,375
Oil & Gas US$ 3,425 AED 12,500
Real Estate US$ 5,135 AED 18,750
Aviation US$ 5,135 AED 18,750
General Trading License US$ 5,135 AED 18,750
Specific Services US$ 2,570 AED 9,375
Oil & Gas US$ 3,425 AED 12,500
Freight Forwarding US$ 2,910 AED 10,625
Real Estate US$ 5,135 AED 18,750
Aviation US$ 5,135 AED 18,750

 

How many businesses operate from here currently?  

Please check the link for details: http://bit.ly/2cos2Sr

Advantages:

  • 100% foreign ownership is permitted
  • Companies are exempt from all taxes, including personal income and corporate taxes, for a guaranteed period of 50 years;
  • Companies are also exempt from customs duty for goods and services and reasonable operating costs; and
  • DIC has a pre-existing infrastructure geared towards information technology companies. 

What is the distance from various landmarks to this location? 

Dubai Internet City office to airport – 33.1 km

Dubai Internet City office to Downtown – 24 km

 

 

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