Dubai Internet City (DIC), a subsidiary of Dubai Holding's TECOM Investments, is a prominent
technology business and community hub that embodies Dubai's visionary approach. Established
in October 1999 and officially opened in October 2000, DIC has emerged as a global center
for high-tech corporations and dynamic startups. It has fostered a thriving ecosystem that
attracts leading technology companies from around the world while nurturing and supporting
innovative startups.
DIC has become a mega-hub for global high-tech companies, serving as a hub for innovation
and technological advancements in the region. Alongside its success in attracting
established global brands, DIC also dedicates itself to fostering a supportive environment
for startups and aspiring entrepreneurs, facilitating their growth and driving innovation in
the industry.
Start by preparing a comprehensive business plan that outlines your company's objectives, target market, products or services, and financial projections. This plan will serve as a roadmap for your business setup process.
Submit your company formation application to Dubai Internet City, including all required documents and information. These may include a completed application form, passport copies of shareholders and directors, a detailed business plan, and other relevant supporting documents.
Determine the legal structure of your company, such as Limited Liability Company (LLC) or branch office, and choose an appropriate trade name for your business. Ensure that the trade name complies with the guidelines and regulations set by Dubai Internet City.
Identify and secure suitable office space within Dubai Internet City for your company. DIC offers a range of flexible office options to cater to the needs of different businesses.
Obtain the necessary licenses for your business from the relevant authorities. This may include a commercial license, activity-specific licenses, and any additional permits required for your specific industry.
Arrange for the visa processing and residency permits for your company's employees and shareholders. This involves submitting the required documents, such as passport copies, visa application forms, medical fitness certificates, and Emirates ID applications.
Complete the company registration process by signing the necessary legal documents and fulfilling any remaining requirements as specified by Dubai Internet City. Pay the required fees and obtain your company's trade license.
After setting up your company, ensure ongoing compliance with the regulations
and guidelines of Dubai Internet City. This includes renewing licenses,
filing annual financial statements, and adhering to any specific industry
regulations.
It's important to note that the specific requirements and procedures may
vary depending on the type of business, legal structure, and industry
regulations. It is advisable to seek professional assistance from business
consultants or legal experts familiar with the business setup process in
Dubai Internet City to ensure a smooth and successful company formation.
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