Dubai Internet City (DIC) is a prominent technology hub and a leading free zone in Dubai, UAE, established in 1999. It is designed to serve as a strategic base for businesses in the technology, IT, media, and telecommunications sectors, positioning itself as one of the most advanced digital ecosystems in the Middle East
Location
- Strategic Location: Dubai Internet City (DIC) is located in the heart of Dubai, providing easy access to key business hubs and major highways. It is in close proximity to Dubai Marina, Palm Jumeirah, and Dubai International Airport.
Industry Focus
- Target Industries: DIC is designed for companies in the technology, IT, media, and telecommunication sectors. Key sectors include:
- Software Development
- Digital Marketing
- E-Commerce
- Cloud Computing
- Telecom Services
- FinTech
Ownership
- 100% Foreign Ownership: Companies in DIC can be fully owned by foreign investors, with no need for a local sponsor or partner.
License Types
- Business Licenses: DIC offers various license types based on the nature of the business:
- Commercial License: For trading, retail, and import/export activities
- Service License: For consultancy, software development, digital marketing, and related services
- Technology License: For IT and technology-focused businesses
Taxation
- Tax Benefits: DIC provides several financial advantages for businesses:
- Corporate Tax: 9% corporate tax applicable on net profits exceeding AED 375,000
- No income tax on employees and shareholders
- No import/export duties
Office Space Solutions
- Flexi-Desks: Cost-effective workspace solutions for startups
- Private Offices: Suitable for established businesses and teams
- Customized Offices: Tailored office spaces based on business requirements
Visa & Immigration
- Visa Opportunities: DIC allows companies to sponsor investor visas and employee visas, with the number of visas depending on office space and business activities. Family sponsorships are available under certain conditions.
Infrastructure & Facilities
- World-Class Infrastructure: DIC provides high-quality facilities for tech companies, including:
- Advanced IT Infrastructure: High-speed internet, cloud computing facilities, and data centers
- Modern Office Spaces: Equipped with advanced communication systems
- Access to Innovation Hubs: Networking opportunities with leading technology companies
Support Services
- Comprehensive Support: DIC offers various business services:
- Regulatory Assistance: Guidance on legal and regulatory compliance
- Incubation & Acceleration: Startup support through incubators and accelerator programs
- Networking Opportunities: Access to industry events, conferences, and meetups
Cost of Formation
- Cost of Setting Up: The cost of forming a company in DIC typically starts from AED 45,000, depending on the license type, office space, and number of visas required.