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Company registration in DUBAI INTERNET CITY (DIC)
In order to register company in DIC, it is sufficient to collect minimum package of documents and submit application to the experts of Law & Trust International.
The enterprises engaged in or planning to conduct activities in the sphere of high technologies are being established in this zone. There are more than 500 IT-corporations in the territory of the district, and the largest and the most famous are Facebook and Linkedin.
Main differences of DIC in comparison to other FEZs
- It was founded in 2000 and is characterized by high rate of development;
- It has formed innovative center for attracting and supporting young businessmen in its territory. A lot of founders of start-ups and similar technological projects are based there;
- Neighborhood of the new company with another enterprises engaged in similar sphere of activity does not cause high competition, but inspires new ideas. Young entrepreneurs often receive support from developed corporations.
Companies in DUBAI INTERNET CITY ZONE obtain only service licenses, and their registration takes up to 25 days from the time of applying to Law & Trust International. We help not only with establishment of new companies, but also with extension of the existing business by establishing branches and subsidiaries.
The main requirement for all the applicants is the ability to contribute the amount of 50,000 dirhams or 13,700 dollars to bank account in the UAE. The foregoing transaction is considered as the authorized capital.
