Dubai Industrial City (DIC) Free Zone Company Setup
The free zone of Dubai Industrial City (DIC) is also called Dubai Industrial Park. DIC is one of the biggest industrial hubs in Dubai. It is a designated district of Dubai wholesale. DIC was set up so that the industrial sector in the United Arab Emirates could grow and expand more quickly. This Dubai free zone opened in 2004 and is 560 square feet in size. At first, DIC was meant to bring in key players in the light and medium manufacturing sectors. It is close to Jebel Ali Port and is home to more than 200 businesses. There are different zones in DIC, such as one for base metals and transportation, one for food and drink, and one for conservation.
DIC is indeed a great place for investors and businesses that want to do business in other countries to meet. Furthermore, it offers a strategic location and a supportive ecosystem. In addition, DIC provides numerous benefits and incentives to attract foreign investments. Moreover, it fosters collaboration and networking opportunities for international entrepreneurs. Hence, DIC is an ideal destination for those looking to expand their operations abroad. The goal of the Dubai Industrial City free zone is to help industrial companies grow in Dubai by giving them a great place to do business and the best facilities. DIC has light industrial and logistics warehouses that are already built in Dubai, as well as retail stores, labour camps, flexible office spaces, open storage yards, land, and on-site help with building, starting up, and running the facility.
Core Sectors: DIC is split into 6 main zones, with a focus on food and drinks, base metals, transport equipment and parts, machinery and mechanical equipment, workshops, logistics, chemicals, and mineral products.
Recommended for: Food and drink, transportation, freight, and logistics.
- DIC Advantages
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- Foreigners own everything.
- 0% tax on people and businesses
- 100% of capital and profits are sent back home
- Wide range of licences available
- IT infrastructure is up-to-date, and it has the largest IP telephone network. The industrial sector has a lot of business potential, and machinery, equipment, and raw materials can be brought in duty-free.
- Next to the Al Maktoum International Airport, close to the Jebel Ali Port, has a well-organized business environment, and banks trust it.
- There are no limits on hiring people from other countries.
- Types of Licenses Available within DIC
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- Industrial license – is the licence that most people have in DIC. A company that is registered can make things, import raw materials, process, assemble, pack, and ship the finished product.
- Commercial License – Companies that do business in DIC will need a commercial licence.
- Trading License – will make it possible for a company to buy and sell goods and store certain goods.
- Services License –To do business in DIC, companies that offer services like accounting, consulting, and any other professional service will need a service licence.
- Facilities
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- Warehouses Fitted offices and shell and core options
- Labour villages/accommodation
- Storage yards / open yard
- Office space
Free Zone
DIC
Location
In the heart of Dubai, at the centre of the Jumeirah Lakes Towers district
Setup Timeframe
2-8 weeks
Tax Status
Tax and duty exemption
Legal Entity Types
In Dubai Industrial City, there are many different types of buildings that can be registered as any of the following:
- Free Zone Limited Liability Company (FZ-LLC)
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- There must be at least one director.
- Can be set up with a person or a company as a shareholder.
- Minimum capital requirement is AED 50,000
- Branch of a Local or Foreign Company
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- As a branch office, both local and foreign companies can sign up.
- The branch must be registered for the same business activities as the parent company.
- No minimum capital investment is required
DIC Company Setup
We’ll guide you through the process of setting up your DIC business, and we’ll assist you in opening a bank account for it in the shortest possible time.
- Step 1.Expert consultation
- Step 2: Choose the type of company
- Step 3: Get ready to register the company
- Step 4: Choose and rent a place to do business
- Step 5: Get a business licence
- Step 6: Open a bank account for the business
- Step 7: Finish your visa to live in the UAE
Documents Required
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Company registration and licensing application form
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Profile details of shareholder(s)
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Passport copies and specimen signature of each director and general manager
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Board resolution for creating a free zone entity
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Detailed business plan
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Proof of share capital requirement
- Furthermore, all additional necessary documentation must be completed at the time of business setup.
WHY CHOOSE DIC
ACCESS TO WORLD-CLASS BUSINESS SERVICES THAT CAN'T BE BEAT
PERSONAL AND BUSINESS INCOME TAX OF 0%
STRATEGIC LOCATION
100% BUSINESS OWNERSHIP AND RETURN OF CAPITAL
LIVE AND WORK IN THE SAME VIBRANT TOWN
THRIVING BUSINESS CENTRE
EASY TRANSPORTATION
FAST AND EASY SETUP PROCESS
Frequently Asked Questions
- How much is the costs to set up a company in Dubai Industrial City Free Zone (DIC FZ)?
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The cost of setting up a business in Dubai Industrial City Free Zone (DIC FZ) will depend on the different free zone company setup packages, licence requirements, legal structure, ownership type, and business facilities.
- What are the business facilities in Dubai Industrial City Free Zone (DIC FZ)?
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Dubai Industrial City Free Zone (DIC FZ) is an ecosystem with many facilities, such as integrated offerings, industrial land, warehouses, worker housing, commercial office spaces, showrooms, and open yards.
- What is Dubai Industrial City Free Zone (DIC FZ) company setup timeframe?
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In Dubai Industrial City Free Zone (DIC FZ), it takes about 4 to 6 weeks to set up a business. But the time it takes to set up a company will depend on the documents and approvals that are needed.
- How do I get Dubai Industrial City Free Zone (DIC FZ) visa?
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Once the company's Immigration Card is issued and all labour registrations are done, you can get a Dubai Industrial City Free Zone (DIC FZ) visa.
- What are the types of licenses in Dubai Industrial City Free Zone (DIC FZ)?
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In Dubai Industrial City Free Zone (DIC FZ), you can get a trading, service, commercial, or industrial business licence. Talking to a member of our business development team is the best way to learn about the licence options and how we can best help you set up your business.
- What are available amenities in Dubai Industrial City Free Zone (DIC FZ)?
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Dubai Industrial City Free Zone (DIC FZ) offers pre-built warehouses in Dubai for logistics and light industrial use, a retail showroom, labour villages or camps, office space, open storage yards, commercial land, and on-site help with construction, facility start-up, and operations.
- What are the available business activities in Dubai Industrial City Free Zone (DIC FZ)?
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In Dubai Industrial City Free Zone (DIC FZ), you can do things like logistics, manufacturing, trading, retail, and other similar things.
- How much is a Dubai Industrial City Free Zone (DIC FZ) license renewal cost?
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The cost of renewing a Dubai Industrial City Free Zone (DIC FZ) licence will depend on the type of licence and what it needs to do.
- What amendments are available in Dubai Industrial City Free Zone (DIC FZ)?
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A Dubai Industrial City Free Zone (DIC FZ) entity can change its activity, add or remove shareholders, get new managers, and change its structure, among other things.
- What are company liquidation requirements of Dubai Industrial City Free Zone (DIC FZ)?
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To speed up the closing of a business in Dubai Industrial City Free Zone (DIC FZ), all the employees' visas, ID cards, and immigration cards must be cancelled. You must close the company's bank accounts and get a letter from the bank saying that they are closed. There are a few more steps that must be taken before a company can be closed down.
- Is Dubai Industrial City Free Zone (DIC FZ) offshore?
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No, Dubai Industrial City Free Zone (DIC FZ), a free zone in Dubai, UAE, is not offshore.
