Internet City Free Zone

Procedure of Dubai Internet City company formation is simplified as much as possible. The legal framework can be called transparent simple and even friendly to entrepreneurs. Bureaucratic procedures are reduced to the principle of one window and significantly saves time of registration and obtaining licenses. Visa issues are solved surprisingly quickly too. The term of Dubai Internet City company set up is only 1-2 weeks.

Companies registered in DIC have a wide range of activities to choose. The free zone offers licenses for:

• software, its development or modification of the existing applications, as well as installation;
• web and multimedia development, distribution of any web products and services;
• IT-services: education, marketing and solutions in the security sector;
• telecommunication and networks, including all the related services;
• real estate management services;
• general services, including consulting and maintenance, operation of regional offices, hotels and recreation zones.

Dubai Internet City free zone supports young talents and in this regard opened the Innovation Center called In5 innovation hub and the First Steps business center.

The following companies can be registered in the free zone:

• limited liability companies FZ-LLC;
• branches and subsidiaries of local companies;
• branches of foreign companies.

There are several points that every entrepreneur should know and keep in mind before he makes a final decision on Dubai Internet City business setup.

• First, the company established in this free zone has to be an operating company, that is, to be engaged in the activities specified in the license. By this, companies in free zones are fundamentally different from offshore companies. That is why the owners of companies are required to have office space at their disposal, to submit annual reports and more.
• Secondly, the company's activities should be carried out only within Dubai Internet City or outside the United Arab Emirates, but not in the UAE. In particular, the company will not be able to directly open its own store and sell goods in Sharjah, Dubai or another emirate. However, it can do it, but only under the condition of subsequent registration, which will allow this company to conduct activities in the UAE, as well as through a sales agent or by signing a regular contract for the supply of goods with the store.

• Thirdly, the production premises, including the office, warehouse or land used by the company, must be located exclusively on the territory of the free zone, while the contract for their rent between the entrepreneur and the authorities of the free zone is signed in the process of obtaining a license.
• Fourthly, the company can carry out only the type of activity specified in the license issued by the Dubai Internet City Authority upon completion of the procedure for registering a company in the free zone.

If you want to simplify the procedure of opening a company in this free zone as much as possible, as well as to learn more about all the features of this process, you should definitely contact professional consulting agency.

Experts from Brahma Business Consultancy will help you register a company in Internet City Zone open a corporate or personal account in UAE banks. Contact our office in Dubai using contact details on our website!