Business Setup in Dubai | Dubai Internet City (DIC) 

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


TYPES OF LICENSE IN DIC


Software: activities related to developing, installing, and/or modifying software products of the company or of a third party.


E-Commerce: activities related to individual services and products to third parties through electronic media such as an internet search engine, portal, website, social media, etc. for the purpose of facilitating sales activities.



Internet and Multimedia: activities related to developing and/or distributing internet or multimedia content. Other activities may include distributing goods or services via the internet, such as by providing an online platform and acting as an intermediary between multiple companies or multiple individuals.


Additional activities may include providing different applications through a network.



Telecommunication and Network: activities related to developing, installing, modifying, and/or operating networks or providing relevant services designed for operating network-based applications or services for self or for third parties.


IT Service: activities related to developing and/or providing standardized repeatable IT-based services, which may also include security solutions, localization, training, and corporate learning.

ADVANTAGES OF BUSINESS SETUP IN DIC

TYPES OF LICENSE IN DIC

  • Software: activities related to developing, installing, and/or modifying software products of the company or of a third party.

  • E-Commerce: activities related to individual services and products to third parties through electronic media such as an internet search engine, portal, website, social media, etc. for the purpose of facilitating sales activities.

  • Internet and Multimedia: activities related to developing and/or distributing internet or multimedia content. Other activities may include distributing goods or services via the internet, such as by providing an online platform and acting as an intermediary between multiple companies or multiple individuals.

  • Additional activities may include providing different applications through a network.

  • Telecommunication and Network: activities related to developing, installing, modifying, and/or operating networks or providing relevant services designed for operating network-based applications or services for self or for third parties.

  • IT Service: activities related to developing and/or providing standardized repeatable IT-based services, which may also include security solutions, localization, training, and corporate learning.

BUSINESS REGISTRATION FEES IN DIC

Software companies in Dubai Internet City leverage on a vibrant ecosystem and the perfect gateway to the Middle East and International markets. DIC provides a world-leading ecosystem designed to support the business development of information and communications technology (ICT) companies. My Business Consulting DMCC will help you embrace the opportunity to start your business in the Dubai Internet City Free Zone the right way as we provide full support in choosing the right corporate structure, choosing the best business activities, ensuring the business licensing process goes smooth and in compliance with the UAE laws. Reach our Business Setup Experts for your free quote!

1. Type of License

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:

LICENSE TYPE 1st YEAR 2nd YEAR
Registration Fee AED 3,520 -
License Cost per Segment AED 15,020 AED 15,020
Additional Cost per Additional Segment AED 10,010 AED 10,000
Freelance PermitAED 7,500 AED 7,500

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).

2. 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:

OFFICE TYPE MIN. SIZE FEES
Business Center Exclusive Desk - if available
(2 Visas eligibility)
Flexi Desk AED 35,000 per year + AED 5,000 refundable deposit
Business Center Executive Office - Fully Furnished
(4 Visas eligibility)
160 sqft AED 96,000 per year + AED 10,000 refundable deposit
Commercial Office - Shell & Core
(1 Visa eligibility per 80 sqft)
720 sqft AED 175,00 / sqft.

Note: Fees are the subject for an additional 5% Value Added Tax (VAT).

3. Miscellaneous Documents

Establishment Card AED 2,000
Mandatory Ejari Registration of the Office Unit
(not applicable for Executive Office and Exclusive Desk)
AED 204
Urgent Applications ProcessingAED 1,000

Note: Fees are the subject for an additional 5% Value Added Tax (VAT).

4. 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.

SERVICES FEES
Employment Visa - Outside the Country AED 3,280
Employment Visa - Inside the Country without Status Change AED 4,120
Employment Visa - Inside the Country with Status Change AED 4,910
Visa Guarantee deposit AED 2,500
Medical Test, Emirates ID and Photo AED 1,240

Note: Fees are the subject for an additional 5% Value Added Tax (VAT).

5. My Business Consulting DMCC Service Packages

Want to set up a new innovative business at Dubai Internet City (DIC) or any other Free Zone in the UAE? To get your customized company registration proposal get in touch with My Business Consulting DMCC today!

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - AED 11,000

Additional Fees:

  • Subsidiary/ Branch – AED 5,000 for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from AED 500

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.

UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES UAE RESIDENT VISA SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

AED 7,500+
Service Fee
AED 2,500+
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

Note:
Fees are the subject for additional 5% Value Added Tax (VAT).

5. My Business Consulting DMCC Service Packages

Want to set up a new innovative business at Dubai Internet City (DIC) or any other Free Zone in the UAE? To get your customized company registration proposal get in touch with My Business Consulting DMCC today!

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Regular update regarding the full process

  • Initial Approval: company name, activity, shareholder's structure

  • Business Plan Summary

  • Company Registration

  • Facility Arrangement (Business Park)

  • Company Licensing

  • Establishment Card

  • Company Stamp

  • Company Letterhead

  • Company Profile

  • Accounts Guide for UAE Businesses not registered for VAT

  • FREE Documents Expiration Notifications after one year

Service Fee - AED 11,000

Additional Fees:

  • Subsidiary/ Branch – AED 5,000 for Corporate Due Diligence

  • NOC from 3rd party (if required) – starting from AED 500

After obtaining the license and establishment card of the company, you may process the UAE Residence Visa or Bank Account Opening by yourself, however, shall you require professional assistance of My Business Consulting – kindly upgrade your Package.


UPGRADE
YOUR BUSINESS SETUP PACKAGE
BANK ACCOUNT OPENING SERVICES
  • Assessment of Individual/Corporate Background

  • Preparation of Required Documents with a Company Profile specially designed for banks

  • Coordination with Relationship Officer before Account Opening Application Meeting

  • Scheduling Meeting with Relationship Officer

  • Full Assistance during Bank Account Opening Application and Interview

  • Follow-up of Account Opening

  • Regular Updates

  • Introduction of Official Relationship Manager

AED 7,500+
Service Fee
Please note that My Business Consulting DMCC will accept and provide Bank Account Opening assistance only to those companies whose shareholders are holding UAE Residence Visa and are having similar business activity (as to what is proposed) in their home country.

UAE RESIDENT VISA SERVICES
  • Assessment of Individuals Documents

  • Review of Required Documents

  • Obtaining Entry Permit

  • Typing for Medical Test and Emirates ID

  • Full Assistance in Medical Test, including transfers

  • Full Assistance in EID Biometrics, including transfers

  • Obtaining Visa Stamping

  • Collection of Emirates ID

  • Free document expiration notification after 3 years

AED 2,500+
Service Fee
Note:
Fees are the subject for additional 5% Value Added Tax (VAT).