The Dubai govt’s biggest Information technology IT estate, Dubai Internet City (DIC), is indeed a financial and commercial-free zone. It is intended to foster the growth of Information and communication technology businesses (ICT). Dubai Internet City was founded in 2000 and therefore is currently a preferred location for major company formation in UAE. It was the very first business Free zone to develop the understanding and perspective of business complexes and then also helps in brand trademark registration and providing worker housing in Dubai’s information technology zone.
The Dubai Internet City Freezone is an ideal and suitable location for international financial experts focused on establishing global markets. All such sectors benefit from the encouragement and assistance of DIC Freezone professionals in the field:
- Owners of the company or investors establishing Information and technology firms
- Consultancy and advisory firms
- Civil and private corporations
- Networking and telecommunications commercial firms
- Real estate company management and administration
- Businesses in the field of the travel sector
Advantages
The following government subsidies are available to Dubai Internet City’s free trade zone enterprises.
- The act makes sure that total wealth will be free of duty for the next 5 decades.
- Earned taxes is likewise free of tax for the next 5 decades.
- Customer Taxes and duties are exempt from taxation.
- Income and assets have been entirely returned.
- The Dubai Internet City allows a firm’s all overseas privileges.
Oracle, Microsoft, HP, Sony Ericsson, Siemens, IBM, Canon, and Cisco, as well as several more small and medium-sized firms, corporate and company formation in UAE, are now all collected in the Dubai Internet City Free trade zone. There are indeed firms from even a number of industries, such as business solutions, software and program development, consulting, e-commerce solutions, brand management, and customer acquisition.
Creating a corporation in Dubai Internet City
Venture capitalists who wish to establish their own businesses in the Dubai Internet City Freezone must contribute a contribution by shareholders of 50000 AED. The firm would have to have a least one chairman as well as a regional savings account with brand trademark registration. The subsequent move would be to prepare and present the memorandum of incorporation again for the new entity to the Dubai Internet City Free trade Zone authorities. The shareholder must first hold true for something like the required business registration. Therefore for a certificate of registration to be issued, the authorized processes must be finished within 4 weeks. Those certain data and information must be presented to law enforcement agencies:
- Comprehensive overview of something like the firm’s management
- Economic and corporate strategies
- Proof of shareholders’ and executives’ passports
Conclusion
Company formation in UAE is considered to be the most costly and difficult way to establish a business in a foreign land. Things can be easier if one decides to have a brand trademark registration in an accessible and adaptable business zone. Dubai Internet City free trade zone is the best option for overseas companies and investors to stay out of the tax and duty anxiety.
