Dubai Internet City was created in the year 2000 and is located adjacent to the well known Palm Jumeirah. It is the largest ICT hub in the Middle East and North Africa (MENA) region. Usually described as the ‘creative collective engineered for innovation’ and is currently home to over 1,400 businesses of all sizes. DIC has successfully developed a prosperous ecosystem for technology organizations and has been one of the forerunners to carry forward the Dubai’s vision to transition into a knowledge-based economy. Global names such as Facebook and LinkedIn are situated in this freezone, and so are other technology SMEs and start-ups from all elements of the ICT value chain. A ‘one-stop shop’ arrangement is available in DIC, giving business partners the freedom to focus on their core operations.
Benefits of setting up a business in DIC
List of Activities
Software – This relates to developing, installing, and/or modifying software products of their own or of a third party.
Internet and Multimedia – relating 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 – This relates to developing, installing, modifying, and/or operating networks or providing relevant services designed for operating network-based applications or services. The manufacture of physical components within the zone and direct trading of physical components and products into UAE market is not allowed.
IT Service – relating to developing, providing standardized and repeatable IT-based services which may also include security solutions, localization, training and corporate learning.
Types of companies to be formed in DIC
Legal Maxims Consultants has a team of experts committed to providing out of the box consultancy, support and management services to investors interested in a new company formation in DIC or any of the Free Zones in the UAE.
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