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Business Setup In Internet City in Dubai

The advantages of setting up business in (DIC) Dubai Internet City:

  • 100% ownership of business
  • 100% repatriation of capital/profits
  • No income tax 
  • No capital tax
  • No currency restrictions
  • Low cost of operations
  • Excellent infrastructure
  • Excellent support services

Free zones in the UAE offer a wide range of facilities for running day-to-day operations, including:

  • Fast-track company set-up & licensing
  • Opportunity to lease land for development
  • Warehouse/factory/office units for lease
  • On-site accommodations of personnel
  • Transportation links by road, sea and air
  • Low cost energy
  • Favorable cost of living
  • Attractive working environment

 

Choices for the investors

  • Free Zone Limited Liability Company (FZ-LLC)
  • Branch of a Foreign/UAE Company
  • Freelancer

Documents Required for Initial (DIC) Dubai Internet City Company Formation

  • Application Form, will be handled by us 
  • Letter of Intent, will be handled by us
  • Your existing company brochure (if available)
  • Annual financial report or shareholder(s) 6 months bank statement for the shareholder  not applicable for new registration
  • Copy of the manager’s passport and  his  CV
  • Copy of shareholder(s) passport and CV
  • Original (not a copy) bank reference letter ( for each shareholders
  • No Objection letter by the current sponsor,   for manager (if a resident of UAE and UAE employment visa-holder)
  • Initial approval(s) from the third authority(s) in case your business activates required such approval. Example: Media, IT, Pharmaceutical 
  • Business plan (we offer Business plan writing services)
  • A  legal representative,  (Negotiator)

After that your application is approved the authority will issue an initial approval for your business, and after that you will:

  1. Choose a ready fitted office space from DIC selection that’s the most appropriate size and layout for your business requirements.
  2. OR decide whether you’ll require DIC regulated contractors for fit-out service for your office, or if you’ll be doing that independently.

Then, once the office is finalized:

  1. Lease agreement will be prepared
  2. Office keys can be collected.

After making the necessary selections regarding the office space, we will start the preparation of the legal documents. When all the above is complete, your business license will then be issued along with the share capital certificate if the capital paid in full.

Additional Documents required for a corporate shareholder and for Branch

  • Attested and notarized Memorandum of Association/Article of Association. It must be attested from the UAE Embassy at the place of origin.
  • Board resolution to be resolute by the board of directors for your existing company/entity at place of origin expressing intent of establishing a new setup abroad. Must be attested and notarized by the U.A.E Embassy.(Template will be forwarded by Our Firm)
  • Certificate of registration (if applicable) for your existing company/entity, license or certificate Of incorporation your existing company/entity attested and notarized by the U.A.E Embassy

Setup in UAE-Internet City in Dubai
Table of estimated government cost & professional fees
Trade License option / activity Cost in US$ Cost in AED
Industrial License US$ 2,570 AED 9,375
Commercial License
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
Service License
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
Our Firm Professional Fees US$ 5,000 AED 18,365
 
ATTENTION - NOTE
The exact government cost will be determined by the concerned authority at the time of applying. There might be additional requirement during the process.
Our Professional fees covers consultation sessions, drafting of legal documents in English and Arabic, introducing reliable local citizen service-agent when required, supporting indocuments Notarization from the local notary public, assisting in bank account opening,and applying to the Concern authorities on your behalf.
 

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