Dubai Internet City (DIC) Business Setup Consulting

Dubai Internet City (DIC)


*Discount is valid for Dubai Free Zone Company Formation package with Investor Residence Visa. Terms and Conditions apply.

Join our 10th anniversary celebration and benefit from 10% discount on Dubai company registration along with our hyper-personalized solutions and 10 years’ expertise in business setup in the UAE!

Contact us today to learn about all ongoing promotions and get a free consultation from our Business Setup Experts.


*Discount is valid for Dubai Free Zone Company Formation package with Investor Residence Visa. Terms and Conditions apply.

Join our 10th anniversary celebration and benefit from 10% discount on Dubai company registration along with our hyper-personalized solutions and 10 years’ expertise in business setup in the UAE!

Contact us today to learn about all ongoing promotions and get a free consultation from our Business Setup Experts.

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. Software companies in Dubai Internet City leverage on a vibrant ecosystem and the perfect gateway to the Middle East and International markets. At My Business Consulting DMCC, we provide you with the best solutions for business setup in the Dubai Internet City free zone. The Dubai Internet City 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. The Dubai Internet City provides a world leading ecosystem designed to support the business development of information and communications technology (ICT) companies. The Dubai Internet City opportunities have certainly bloomed in the last few years as it’s now the largest tech business hub in the Middle East and North Africa region. 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!

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. Software companies in Dubai Internet City leverage on a vibrant ecosystem and the perfect gateway to the Middle East and International markets. At My Business Consulting DMCC, we provide you with the best solutions for business setup in the Dubai Internet City free zone. The Dubai Internet City 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. The Dubai Internet City provides a world leading ecosystem designed to support the business development of information and communications technology (ICT) companies. The Dubai Internet City opportunities have certainly bloomed in the last few years as it’s now the largest tech business hub in the Middle East and North Africa region. 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 the following license categories can be obtained:


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


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.


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.


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.


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.

Calculating Your New Free Zone Company in Dubai Internet City (DIC)

The most important factor in creating a viable business plan for a start-up company is understanding the initial costs. This page is a run through of General Cost for setting-up a company in Dubai Internet City (DIC), per expenses as follows:

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. Fee structure in DIC is straight forward as below:

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

Note:
Share Capital Minimum of 50,000 AED must be deposited to company bank account or DIC bank account before License of the company will be released.
Fees are the subject for additional 5% Value Added Tax (VAT).

2. Type of Facility

Eligibility of visas are directly related to the office space. In DIC, Flexi option is not available. The authority is only offering various type of physical desk and offices as follows:

STARTING COST VISA ELIGIBILITY OFFICE DEPOSIT*
Exclusive Desk Rental** AED 35,000 2 Visa AED 5,000
Executive Furnished Office AED 96,000 4 Visa AED 10,000
Commercial Office (unfurnished) AED 190/sq.ft. 1 visa per 80 sq.ft. -

Note:
Office Deposit (Refundable after termination of contract)
Exclusive Desk Rental is available up to 2-3 years (upon approval by DIC)

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

3. Residence Visa in Dubai Internet City (valid for 3 years)

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 cancelled his previous Residence Visa or is transferring within Dubai Internet City.
In case at the moment of 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 (AED)
Employment Visa- Outside the Country 3,280
Employment Visa- Inside the Country without Status Change 4,120
Employment Visa- Inside the Country with Status Change 4,910
Visa Guarantee deposit 2,500
Medical Test, Emirates ID and Photo 1,240
MBC Service Fee 2,500

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

4. My Business Consulting DMCC Service Packages

COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Prepare Project Summary for Authorities (manual/portal)

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Company Stamp

  • Company Profile

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 10,000 AED

Additional Fees:

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

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

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

+ 7,500 AED
Service Fee
+ 2,500 AED
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).
COMPLETE BUSINESS SETUP PACKAGE
  • Corporate Consultancy

  • Day to day update regarding the full process

  • Obtaining Initial Approval: Company name; Activity; Shareholder's structure

  • Prepare Project Summary for Authorities (manual/portal)

  • Obtaining Registration of Company

  • Facility Arrangement/Coordination

  • Obtaining Licensing

  • Obtaining Establishment Card

  • Company Stamp

  • Company Profile

  • Documents Attestation with chosen authority

  • Free document expiration notification after 1 year

Service Fee - 10,000 AED

Additional Fees:

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

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

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

+ 7,500 AED
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

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