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Dubai Internet City is one of three government programmes aimed at making Dubai the worldwide centre for information and innovation, the others being Knowledge Village and Dubai Media City.
DIC provides the greatest start-up environment and contains all the parts of the ICT value chain, making it ideal for IT firm establishment. Over 2 billion IT workers from around the world contribute $6.7 trillion in GDP to this IT free zone because of its robust IT infrastructure, comprehensive candidate pool of multi-lingual and professional workforce, serene landscape, state-of-the-art workplaces, outstanding retail services, residential areas, and 24-hour security.
Limited liability companies in a free zone may be held by one to 50 people or corporations who must each invest at least AED 50,000 in the firm.
In this case, it refers to a branch that was opened by a UAE national. There is no necessity for capitalization.
A foreign citizen may open a branch of a foreign firm in DIC, and such a corporation does not need to be capitalised.
If you're looking to establish a business in the DIC, Global Biz Setup will help you with everything from getting a business license and registration to administrative assistance to fully-furnished office space to help you get your company up and running. Contact us now to discuss this further.