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Dubai Internet City (DIC)
Dubai Internet City (DIC) is a member of the Dubai Holding subsidiary TECOM Investments. Dubai Internet City was founded in October 1999 and opened its doors in October 2000. As of today, Dubai Internet City is one of the leading technology business and community hubs around the globe that caters to high-tech corporations and dynamic start-ups which reflect the vision of Dubai. The DIC directory has evolved to become a mega-hub for global high-tech companies in the regions. While continuing to attract global brands, the Dubai Internet City maps out support for startups and aspiring entrepreneurs that can drive innovation. After all, the Dubai Internet City is home to the in5 innovation center, a world-leading tech startup accelerator. With My Business Consulting DMCC, you can now get your tech startup or business in the Dubai Internet City building to leverage on the various infrastructure and support facilities available!
ADVANTAGES OF BUSINESS SETUP IN DIC
100% foreign ownership
Full repatriation of capital and profits
No tax on the corporate income for 50 years
No tax on personal income for 50 years (guaranteed by law)
Freehold offices for sale and lease at competitive rates. Flexible office solutions
DIC has a pre-existing infrastructure geared towards information technology companies
TYPES OF LICENSE IN DIC
DIC is offering mainly Service License. Each license is as per main segments which are: Internet and Multimedia, Software, Telecommunication and Network, IT Service, and E-commerce. The fee structure in DIC is straight forward as below:
Note:
* Share Capital must be deposited to the DICA bank account before the License of the company will be released. Share Capital will be refunded to the bank account of the new company, once the account is open.
*Freelance Permit does not require capital.
*Additional AED 500 applies if there’s more than 1 shareholder in the company
Fees are the subject for an additional 5% Value Added Tax (VAT).
TYPE OF OFFICE FACILITIES
The eligibility of visas is directly related to the office space. The authority is only offering a various type of physical desk and offices as follows:
Note: Fees are the subject for an additional 5% Value Added Tax (VAT).
MISCELLANEOUS DOCUMENTS
Note: Fees are the subject for an additional 5% Value Added Tax (VAT).
RESIDENCE VISA IN DUBAI INTERNET CITY (VALID FOR 3 YEARS)
The cost of each visa varies depending on the status of an applicant’s current location, whether application is taking place inside or outside the UAE. Amendment of visa can be done only if the applicant has canceled his previous Residence Visa or is transferring within Dubai Internet City.
If at the moment of the application, you are in the UAE, by choosing the Employment Visa Application inside the Country with Local amendment, you can easily stay in the country, and enjoy the hassle-free process. There will be no need to exit the UAE for the Visa Status Change process.
Note: Fees are the subject for an additional 5% Value Added Tax (VAT).
OWNERS SOLUTIONS DMCC SERVICE PACKAGES
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