Business Setup and Formation In Dubai Internet City Free Zone
The Internet has become a basic necessity nowadays according to people whose work totally depends on the internet. If you focus around you then you will see that most people start setting up their business offline and online also and this happens due to the internet. Dubai internet city growth is also increasing and never decreasing as this never stops because the user of the internet keeps on increasing and never decreases.
Tech. have its own parks which is offered as a free zone area by the Dubai Govt. Dubai Internet city is known for the largest information provider technology. In the Middle East and North Africa DTC is the biggest internet network, communication network and technology network market. Dubai is a place where most people say that it is the home of multinational companies from all over the world because most of the company is establishing its head office in Dubai.
Dubai Internet City is the first free zone business park where any foreigner can invest their money in an internet city. The employees in the DIC free zone belong to the IT sector as this place is for technology readers. If you are a foreign investor then Dubai Internet City is for you to make a place in the global market.
The industries who get benefit from the authorities as incentive and support in the Dubai Internet City (DIC) free zone:
- Investors establishing IT Company
- Opening Network and Telecommunication Co.
- Civil Industry
- Consultancy Industry
- Property Mgt.
- Tourism Company
If you are a foreign investor and want to invest in a free zone then you will get complete ownership of your business. The best part about Dubai internet city is that the registration process is easy due to (Dubai) Companies Act.
Formalities For Creating a Company in he Internet City (Free Zone) in Dubai
As a foreign investor, it is required to submit some share capital before setting up a company in the DTC Free zone. As every company has to follow this rule especially if you are in a free zone, the company should have one director which is the first level towards your business and secondly you should have a bank account, especially in a local bank.
Every free zone has its own rule and regulation as the following points draft the AOA that is articles of association of the setup company in Dubai Internet City Free zone. The license is the third step because every business has to get clearance from the authorities of the Dubai Government. Now below you will read about the document that you have to submit to the authorities of DTC Free zone:
- Openly share about your business and financial plan
- Highlight and explain about the service you provide.
- Share your copies of you employees, shareholder and director (qualification, passport)
The time period is short as compared to any other company that is four weeks if you are prepared with every document that is mentioned in the application form. The process is sensitive as you need anyone who can explain the process and requirement and also check and verify before submitting to authority.You can contact our team of Make My Companies who can handle more than a hundred projects related to many different companies.
For additional information about company registration, we invite you to contact our company incorporation agents in Dubai