Dubai Internet City (DIC) Free Zone
Characteristics:
- 100% ownership of business;
- 100% repatriation of capital/profits;
- No Capital Tax;
- No Income Tax;
- No Currency Restrictions;
- Excellent Infrastructure and Support Services;
- Low Cost of Operations.
Company Type:
Free Zone Establishment (FZE) with single shareholder;
Free Zone Company (FZCo) with 2/5 shareholders.
Share Capital:
The Share Capital (AED 50,000) should be deposited in bank account of the company opened in bank in the UAE.
Company Structure:
Each company registered in Dubai Internet City shall have at least one director, and at least one manager. Shareholder, director and manager may be held jointly by a single person.
License:
Only Service License and up to 5 activities (Software, Internet and Multimedia, Telecommunication and Network, IT Service).
Office:
- Exclusive rental: It can be leased for maximum 2 years then you need to expand.
- Executive Office (furnished);
- Commercial Office (unfurnished).
VISAS:
Each company entitled for visas.
- Exclusive rental: entitles you for 2 VISAS only;
- Executive Office: entitles you for 4 VISAS only;
- Commercial Office: number of VISAS depends on the size of the office and up to 9 VISAS.
Audit:
Not Required.
Characteristics:
- 100% ownership of business;
- 100% repatriation of capital/profits;
- No Capital Tax;
- No Income Tax;
- No Currency Restrictions;
- Excellent Infrastructure and Support Services;
- Low Cost of Operations.
Company Type:
Free Zone Establishment (FZE) with single shareholder;
Free Zone Company (FZCo) with 2/5 shareholders.
Share Capital:
The Share Capital (AED 50,000) should be deposited in bank account of the company opened in bank in the UAE.
Company Structure:
Each company registered in Dubai Internet City shall have at least one director, and at least one manager. Shareholder, director and manager may be held jointly by a single person.
License:
Only Service License and up to 5 activities (Software, Internet and Multimedia, Telecommunication and Network, IT Service).
Office:
- Exclusive rental: It can be leased for maximum 2 years then you need to expand.
- Executive Office (furnished);
- Commercial Office (unfurnished).
VISAS:
Each company entitled for visas.
- Exclusive rental: entitles you for 2 VISAS only;
- Executive Office: entitles you for 4 VISAS only;
- Commercial Office: number of VISAS depends on the size of the office and up to 9 VISAS.
Audit:
Not Required.
