Establishment of a company in the Dubai Internet Free Zone

Some investors want to know how to establish a company in the Dubai Internet Free Zone because Dubai Internet City is considered an incubator for institutions and companies working in the field of the Internet and technology. It is one of the most prestigious free zones in the Emirate of Dubai and is located close to the Jebel Ali Free Zone and close to the airport. Dubai. The Dubai Internet Free Zone Authority offers multiple investment packages for people to choose from, with what suits their budget on the one hand and their aspirations on the other hand. Dubai Internet City is a creative group designed for innovation. Dubai Internet City’s community of entrepreneurs, startups, brokers and Fortune 500 companies is busy creating the future of regional ICT status quo. Dubai Internet City is one of the largest information and communications technology centers in the Middle East and North Africa region, as it has simplified systems that facilitate business success and establishing a company in the Dubai Internet Free Zone . Dubai Internet City supports entrepreneurs, empowers SMEs, and attracts global ICT leaders to Dubai. Here your business accesses an integrated ecosystem of knowledge workers, distinguished service providers, and expertise from around the world.

Legal forms of the company in the Dubai Internet Free Zone

In the Dubai Internet City Free Zone (DIC), businesses can choose the following legal forms to establish their companies:

1. Free Zone Limited Liability Company (FZ-LLC) :
   • This company is established by single shareholders or several shareholders.
   • Contributions can be from individuals or companies.
2. Branch Company :
   • Existing foreign or local companies can establish a branch in the free zone.
   • The branch is considered an extension of the parent company and does not have an independent legal entity.

If you need additional assistance or guidance in establishing your company in Dubai Internet, Atqan can provide the full support and services necessary to facilitate the process.

Steps to establish a company in the free zone

First, you must choose the appropriate activity by specifying the business activity you wish to practice and making sure that it is permitted in the free zone you choose. In addition to the following steps:

1. Study options: Review the various free zones in the UAE and choose the one that best suits your business needs.
2. Types of companies: Choose the appropriate company type, such as: a free zone limited liability company (FZ-LLC) and a branch of a local or foreign company.
3. Application form: Fill out and submit the company establishment application form to the selected free zone authority.
4. Obtaining approval: Waiting for review of the application and initial approval from the free zone authority.
5. Office rental: Signing a rental contract for an office or work space within the free zone.
6. Required fees: Payment of registration fees, lease contract fees, and administrative services fees.
7. Receiving the license: After meeting all requirements and paying the fees, the commercial license is issued.
8. Bank procedures: Opening a bank account in the name of the company to transfer capital and manage financial operations.
9. Residence visas: Apply for residence visas for shareholders, directors and employees (if required).
10. Preparing the office: Preparing the office and starting actual business operations.

 Documents required for registration

The documents required to establish a company in a free zone in the UAE vary depending on the type of company and the specific free zone, but in general the basic documents include the following:

1. Personal documents of shareholders and directors:

• Copy of passport: for all shareholders and directors.
• A personal photo: for each shareholder and director (requirements may vary depending on the free zone).

Company legal documents:

• Company establishment application form: submitted to the free zone authority.
• Memorandum of Association and Articles of Association of the company, including the objectives, activities and organizational rules of the company.
• Business plan: A detailed plan that explains the company’s business goals and how to implement them.
• No Objection Certificate: (No Objection Certificate) if the shareholder or director is an employee of another company within the Emirates.

Financial documents:

• Proof of capital: Proof of transfer of capital to the company’s account in the free zone may be required.
• Proof of address: Some free zones may require proof of the current residence address of shareholders or directors.

Documents related to business activity:

• Approval of the competent authorities: For some specific commercial activities, special approvals from the relevant authorities may be required.
• Office lease contract: in the free zone or in an available co-working space.
• Application forms: which may include additional forms specific to the selected free zone.

Signatures and approvals:

• Required signatures: on all documents by shareholders and directors.
• Final approvals: from the relevant authorities in the free zone.
• It should be noted that requirements may vary from one free zone to another, so it is best to check the specific requirements of the free zone you are planning
• To establish the company there. If you need additional support or guidance, Kaber can help you prepare and submit the required documents accurately and efficiently.

How can you establish a company in the free zone?

Establishing companies in the free zones in Dubai is much easier than establishing a company inside Dubai, as it can be 100% owned by any nationality, and the presence of a partner or sponsor who is a citizen of the UAE is not required, as the company is registered as a free zone establishment or it is a company belonging to The free zone or a branch or representative office in the free zone in Dubai. In this case, it is possible for the main company to be outside the Emirates, and it is not required to be inside the Emirates. The companies located within the free zone are regulated through the authority responsible for the free zone, which is the one that issues any licenses to the company. This depends on the location of the free zone and the activity it carries out. The type of license issued by the responsible authority varies according to the commercial activity. A company can be established in the free zone by following some steps, including:

1. Choose the company’s location
2. Agreeing on the trade name, as it is the name that distinguishes one company from another.
3. Obtaining the company’s business license.
4. Obtaining initial approval to start work.
5. Commercial license registration.
6. Complete the requirements for a commercial license and obtain it.

Establishing a company in the free zone

The UAE is distinguished by the fact that it has more than 40 free zones in addition to some areas that are being established. Therefore, establishing a company in a free zone is one of the difficult matters facing the investor, as it is difficult to choose between many areas. Therefore, Itqan Company, through its great experience in business management, undertakes By helping many investors choose the appropriate free zone for their commercial activity, it also helps in establishing and establishing a company in the free zone in the shortest time and at the lowest costs.

Advantages of establishing a company in the Dubai Internet Free Zone

Establishing a company in Dubai Internet City Free Zone (DIC) offers many advantages that make it an attractive option for businesses in the technology and information sector. Here are some key advantages:

1. Complete foreign ownership: Foreigners are allowed to own 100% of the company without the need for a local partner.

2. Tax exemptions: Complete exemption from taxes on corporations, profits and personal income for up to 50 years.

3. Full profit transfer: Profits and capital can be fully transferred outside the country without restrictions.

4. Advanced infrastructure: The region provides advanced infrastructure that includes high-speed communications, data centers, and modern work spaces.

5. An integrated technical community: The presence of an integrated community of technical companies and startups, which facilitates cooperation and partnerships.

6. Ease of establishing businesses: Flexible and quick procedures for establishing companies and obtaining the necessary licenses.

7. Governmental and legislative support: Provides government support and legislation that stimulates innovation and development in the technology sector.

8. Integrated work environment: The area includes a variety of services, including meeting and conference centers, restaurants, and hotels.

9. Strategic location: It is located in the heart of Dubai, which facilitates access to local, regional and international markets.

10. Business support services: Provides a wide range of business support services including legal, financial, and marketing consulting.

11. Incentives for startups: Provides incentives and support programs for startups and SMEs in the technology sector.

Establishing a company in Dubai Internet can provide an ideal environment for growth and innovation in the field of technology and information, while taking advantage of the facilities and advantages offered by the free zone.

Advantages of starting your business in Dubai free zones

What is a free zone in Dubai and what are the benefits of starting a business or establishing a company in the Dubai free zone? Simply put, free zones in Dubai are economic zones launched by the government and offer:

• Corporate and personal tax exemptions, customs benefits and other incentives for foreign investors
• Dispose of the full profits without any decrease
• Complete individual ownership
• There are no restrictions on cash transactions
• Complete exemption from import and export tax
• These special rules and regulations have been set by the government to establish such free zones in Dubai.

Conditions for establishing a company in the Dubai Internet Free Zone

Establishing a company in the Dubai Internet Free Zone (Dubai Internet City – DIC) requires compliance with certain conditions and requirements. Here are the basic conditions for establishing a company in this free zone:

1. Determine the type of business activity: You must determine the business activity that the company will undertake and ensure that it complies with the activities permitted in the DIC, which mainly focus on ICT.
2. Choice of legal form: You can choose one of the available legal forms such as a free zone limited liability company (FZ-LLC) or a branch of a foreign company.
3. Capital Requirements: Specific capital requirements must be met according to the type of company and activity. Capital requirements vary between companies and capital may have to be deposited in a bank account in the UAE.
4. Signing a Lease: Rent an office or work space at DIC and sign a lease.
5. Licenses and Approvals: Obtaining the necessary approvals from the Dubai Internet Free Zone Authority, which includes submitting an incorporation application form. And receiving approvals for the work plan and proposed activities.
6. Incorporation fees: Pay the fees required to establish the company and obtain the license. These fees include registration fees, lease agreement fees, and administrative services fees. Appointing a manager for the company and submitting his details with the incorporation documents.

In conclusion, establishing a company in the Dubai Internet Free Zone represents an ideal opportunity for investors looking to enter the world of technology business and benefit from an integrated and supportive environment for innovation and development. By cooperating with Itqan Company, the process of establishing a company can be greatly facilitated, as Itqan provides the necessary expertise to guide investors through all stages of establishment, from choosing the appropriate business activity until receiving the final license.

Thanks to full foreign ownership, tax exemptions, advanced infrastructure, and a strategic location, investors can achieve great successes and grow their businesses in one of the most prominent free zones in the world. With the continuous support of Itqan Company, any challenges that investors may face can be overcome, making the process of establishing the company smooth and effective.

Frequently asked questions about establishing a company in the Dubai Internet Free Zone