info@farahatco.net    97142500251

Business Setup In Dubai Internet City (DIC)

Business Formation in Dubai Internet City (DIC)

Although founded in 1999, the Dubai Internet City Free Zone (DIC) didn’t open its doors until the year 2000. It is considered to be a huge technology hub where business owners who are looking to connect and share their vision with others establish their business.

Currently, the big global companies that are situated in DIC are Microsoft, Oracle, HP, IBM, Cisco, Canon, Dell, among many others. There are various industries that are located in DIC, including sales and marketing, ecommerce, and software development.

For businessmen who want to have a business setup in Dubai Internet City, there are choices that investors can choose from: Free Zone Limited Liability Company (FZ-LLC), Branch of a Foreign/UAE Company, and Freelancer. Aside from that TECOM media city has advantages in store for businessmen.

Show more

Request A Proposal

Make An Enquiry

  • Following industries you can setup in DIC

    We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.

  • Benefits of Business Setup in Dubai Internet City (DIC)

    TECOM media city is in demand when it comes to business owners who are looking to be one of the Dubai free zone companies in the said location. Since more and more investors enter the UAE with a plan to conduct a business formation in Dubai or anywhere in the country, it is indeed seen that the UAE’s rising business setup in Dubai free zones indicate that the nation is known to be a good place for investment and expansion.

    A lot of businessmen are looking at TECOM free zone not just because of its competitive Dubai free zone company formation cost. The advantages that can be gained in this zone ensure that the clients are well treated with the best facilities and solutions that will certainly meet their companies’ needs and requirements.

    • 100% foreign ownership
    • Low-cost operations
    • Excellent infrastructure
    • Excellent support services
    • 100% repatriation of capital/profits
    • No currency restrictions
    • Tax exemption
  • Business Setup Requirements & Procedure

    Documents Required for Company Formation in Dubai Internet City – TECOM Registration and Licensing

    • Application form (our firm’s task)
    • Letter of Intent (our firm’s task)
    • Your existing company brochure (if available)
    • Annual financial report or shareholder(s)’ 6-month bank statement (not applicable for new registration)
    • Copy of the manager’s passport and CV
    • Copy of shareholder(s)’ passport and CV
    • Original (not a copy) bank reference letter (for each shareholder)
    • No objection letter by the current sponsor, for the manager (if a resident of UAE and a UAE employment visa-holder)
    • Initial approval(s) from the third authority(s) in case your business activities required such approvals, e.g., media, IT, pharmaceutical
    • Business plan (we offer business-plan-writing services)
    • A legal representative (negotiator)

    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 of your existing company/entity at the place of origin, expressing the intent of establishing a new setup abroad—it must be attested and notarized by the UAE Embassy (template will be forwarded by our firm).
    • Certificate of registration (if applicable) of your existing company/entity, license, or certificate of incorporation of your existing company/entity attested and notarized by the UAE Embassy

    The procedure of processing your business setup in business setup in DIC will range from 2 to 4 weeks.

  • Support Services Offered in DIC

    FAR Consulting Middle East is one of the leading consulting companies in Dubai that deal with corporate business services Dubai. We assist people who have questions on how to open a business in Dubai.

    We can provide the following services when you let us handle your affairs when it comes to company setup in Dubai:

    • Applying and following up on behalf of the client until the collection of the Certificate of Business Registration (Trade License)
    • Representing the client in front of the authorities
    • Assisting the client in bank account opening
    • Assisting the client in account opening with the Ministry of Labour
    • Assisting the client in account opening with the UAE immigration
    • Assisting the client in leasing a premise as an address for the business
  • Business Setup Cost in Dubai Internet City (DIC)

    The Dubai Internet City is known for its competitive market for businesses dealing in the IT sector. The professionals of Farahat & Co have more than 10 years of experience in business setup, and can provide business development advice along with assistance in the process of company formation. The fee table below represents the estimated cost for business setup in Dubai Internet City. Please do contact us for more information on company formation in UAE.

    Cost for Business setup in Dubai Internet City (DIC)

    Business Registration and Licensing Cost Fees
    Registration Fee AED 3,500.00
    Knowledge Fee & Innovation Fee AED 20.00
    Cost by Trade Licence Type (Select one of the following)
    Service License Fee (Starting from) AED 15,000.00
    Freelance Permit AED 7,500.00
    Local Branch Company Registration (Starting from) AED 15,000.00
    Foreign Branch Company Registration (Starting from) AED 15,000.00
    Additional Fees for Business Registration
    Fee for Any Additional Activity (if applicable) AED 10,000.00
    Establishment Online Application (Starting from) AED 10,000.00
    Chamber of Commerce Fees AED 2,200.00
    Visa Processing Cost
    Bank Guarantee / Employee Visa deposit AED 2,500.00
    Employment/Residence Visa (Select one of the following)
    Employment / Residence Visa – In Country (Starting from) AED 4,140.00
    Employment / Residence Visa – Out of the Country (Starting from) AED 2,720.00
    Postal Services Cost  
    Empost Representative Card AED 300.00
    P.O.BOX Services Fee (Select one of the following)
    PO Box Light (Starting from) AED 1,170.00
    PO Box Standard (Starting from) AED 2,020.00
    Ezimail Bronze (Starting from) AED 3,770.00
    Ezimail Silver (Starting from) AED 6,270.00
    Ezimail Gold AED 12,270.00

    ATTENTION – NOTE

    All fees for government and related authorities are an estimation only, as of on 19th September, 2019. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

    Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.