Having a business in a location that offers solid legal support, extraordinary infrastructure, and enormous opportunities to grow is desirable for most entrepreneurs and investors. This is what the United Arab Emirates delivers. The UAE has created various business regions and cities specified for specific business industries.
Dubai Internet City (DIC) is able to assist those businesses operating mainly with internet and technology. Contemporary office accommodations, full ownership, tax-free advantages, and streamlined processes are all features that a technology-oriented or digital company might need. Read ahead to learn how to effectively establish your firm in Dubai Internet City.
Jitendra Business Consultants (JBC), expert business setup consultants in UAE, help you successfully open your business in Dubai or anywhere in UAE.
Why Dubai Internet City for Business Setup?
In 1999, Dubai Internet City was founded. It has grown as a trustworthy hub for companies that have operations in the media, IT, and digital sectors. Big, global brands like Facebook and Microsoft call it home.
The following are compelling arguments for launching your company in DIC:
- Completely foreign property
- No income tax on a personal or business level
- Free of customs taxes
- Complete autonomy in allocating profits and capital
- A modern, safe business setting
- Strong intellectual property protection
- Simple registration and licensing process
- Technology-ready workspaces and security at all times
Take assistance from business consultants in UAE for streamlined business setup.
Allowed business structure types
These are the business types you can have when setting up your company in DIC:
- FZ-LLC (free zone limited liability company): This is the most common option. it allows up to 50 shareholders a maximum. The minimum amount of share capital required is AED 50,000.
- A branch of a foreign company: A foreign enterprise can open a branch in DIC, without any capital investment. However, the activities of this branch must remain aligned with the parent enterprise’s activities.
- Companies in the United Arab Emirates that wish to expand into DIC do not need any further capital, which is exactly how the foreign branch works.
- Freelance License: You may apply for a freelance license if you are a professional solo worker. It enables you to work on your own in the fields of media and technology.
You take help from business consultants in Dubai in choosing the right business structure for your business.
Office and Workspaces
Dubai Internet City provides flexible workspaces;
- Innovation Hub- A wide space featuring offices, shops, and event areas meant for fanciful enterprises.
- Co-working spaces- Ideal for new businesses and independent workers. Spot to take a desk or small office with fully available amenities.
- Retail units- For people looking to offer goods or services face-to-face.
- In5 Centers- These are unique places made for fresh business owners.
Steps to start a business in Dubai Internet City
Here’s a simplified guide to setting up a business in Dubai Internet City, something a lot of people are considering these days;
- First things first, you’ll need to figure out how you want your business structured. Are you thinking sole proprietorship, a more formal company setup, or perhaps a branch of an existing firm? You’ll also need to nail down exactly what your company will do, selecting from a list of approved activities.
- Next, You will have to seek approval from Dubai Internet City for your company name and selected business activity.
- Then comes the paperwork – and there’s always paperwork. What you’ll need varies a bit depending on the kind of company you’re starting. However, you’re generally looking at things like copies of passports for all the shareholders, personal data forms and of course a lease agreement for office space.
- A solid business plan is crucial too! Don’t forget a power of attorney if you’re working with agents and a board resolution if you’re setting up a branch. Articles of association are typically needed as well
- After that, you’ll get your business license. This is where you present your application along with all the previously mentioned documentation, to the Dubai Development Authority (DDA). They’re the ones who regulate DIC.
- Now you can think about office space. Select your Dubai Internet City office space and rent it. A valid lease contract will be required before the issuance of the license.
- Finally, once approved, the business license will be granted; now your company registration is official under DIC Free Zone.
In a nutshell, Dubai Internet City is more than just a free zone; it’s a whole ecosystem built for tech, media and digital entrepreneurs. Setting up here offers some real advantages. The whole process is designed to be convenient plus there are attractive incentives If you’re launching a startup, or even expanding your international presence, DIC could be a smart choice, providing a reliable place for swift expansion.
How can Jitendra Business Consultants Help?
Jitendra Business Consultants are expert business setup consultants in Dubai, UAE, that streamline the process of business setup for you. Our knowledgeable professionals give you unbiased and expert advice and help you throughout the legal procedures. Any problem or query about the UAE business setup? JBC can help.
