Dubai Internet City (DIC)

Ramzi Khatir
Jul 19, 2024
2 min read

Introduction

Dubai Internet City (DIC) is a prominent Freezone in the UAE, established to support the growth of information technology and telecommunications businesses. Since its inception in 2000, DIC has become a thriving ecosystem for tech companies and startups. This blog provides a comprehensive guide to setting up a business in DIC, highlighting its benefits, key industries, and the setup process.

What is DIC?

DIC is a Freezone located in Dubai, offering a strategic location, cutting-edge infrastructure, and a business-friendly environment. It is designed to foster innovation and growth in the IT and telecommunications sectors.

Advantages of Setting Up in DIC

100% Foreign Ownership: Full ownership without the need for a local partner.
Tax Benefits: 0% corporate tax and 0% personal income tax.
Advanced Infrastructure: State-of-the-art facilities and IT infrastructure.
Business-Friendly Regulations: Streamlined regulatory environment with efficient processes.
Access to Talent: Proximity to a large pool of skilled professionals.
Networking Opportunities: Active tech community with numerous events and networking opportunities.

Key Industries in DIC

Information Technology: Support for software development, IT services, and consulting.
Telecommunications: Facilities and support for telecom companies.
Digital Media: Ideal for digital marketing and media companies.
E-commerce: Comprehensive support for online businesses.
Startups and Innovation: Incubation and support for tech startups and innovators.

Steps to Set Up a Business in DIC

Choose Business Activity: Determine the type of business activity you want to undertake.
Register Trade Name: Reserve a unique trade name with DIC authorities.
Submit Application: Complete and submit the business setup application form along with the required documents.
Lease Office Space: Choose and lease office space within the DIC Freezone.
Obtain Licenses: Acquire the necessary business licenses and permits.
Visa Processing: Apply for visas for yourself and your employees.

Conclusion

Dubai Internet City offers unparalleled benefits for tech companies, including advanced infrastructure, tax incentives, and a vibrant business community. By understanding the setup process and leveraging the advantages, entrepreneurs can establish a successful presence in this dynamic Freezone.