Dubai Internet City Free Zone

Dubai Internet City (DIC); https://dic.ae/

Dubai Internet City is one of Dubai’s business zones belonging to the TECOM Group, which brings together companies from the most critical sectors of the knowledge-driven economy. It is one of the leading technological hubs in the UAE, providing perfect conditions for IT and innovation companies and freelancers. 

DIC is notable for:

• the high level of technical infrastructure (broadband networks, IP telephony, technical support, strict cybersecurity rules);
• the broad business community, allowing you to find ideas and business partners;
• the advanced urban infrastructure;
• competitive prices.

A specialised IT-focused free zone.

Today, Dubai Internet City is home to more than 1,600 businesses, including companies in software development, IT services, artificial intelligence, cloud technologies, network solutions, e-commerce, big data, telecommunications, blockchain, new media, and others.

Free zone companies in Dubai Internet City are registered, licensed and regulated by the Dubai Development Authority (DDA).

Dubai Creative Clusters Private Companies Regulations, 2016.

Licenses in Dubai Internet City cover the following business segments:

• software;
• Internet and multimedia;
• telecommunication and networks;
• IT services;
• data centres;
• freelancer’s activities.

An applicant can select up to five activities within one segment to be included in the license.

• Free Zone Limited Liability Company (FZ-LLC);
• Branch of a UAE or a foreign company.

The minimum share capital for FZ-LLCs is 50,000 AED (approximately 13,600 USD).

A company can be 100% owned by foreign shareholders.

A company must have at least one director and one general manager (both individuals).

Companies must have a registered and physical office within the free zone. DIC offers a wide range of commercial premises and co-working spaces to accommodate companies and freelancers.

Companies in Dubai Internet City must annually prepare and submit audited financial statements through the electronic portal.

Companies must register for corporate tax and submit tax returns.

Companies that are “Qualifying Free Zone Persons” are entitled to benefit from a zero corporate tax rate on their “qualifying” income.

A company’s annual expenses include:

• license renewal;
• office lease renewal;
• financial statements and audit;
• establishment card and residence visa renewal (as they expire);
• corporate service provider’s fees.

A foreign company may continue to operate as a free zone company in Dubai Internet City. Similarly, a company may redomicile from DIC to another jurisdiction subject to the Registrar’s prior permission.

https://dic.ae/the-community/community-directory