If you are interested in company formation in Dubai Industrial City (DIC) and want to develop your business here, we invite you to read this article and also to get in touch with our specialists. You can find interesting details about Dubai Industrial City and how to open a company here, among others, taking into account that our Dubai agents can help with the incorporation procedures.
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Applicable legislation in the Dubai Industrial City
Dubai Industrial City is a free zone controlled by the Dubai Technology and Media Free Zone (DTMFZA) and home to many international corporations. Here, companies incorporated in the Industrial City can be 100% foreign-owned, which is quite an advantage. However, the foreign partner may be the manager of the Dubai company. Other legislation applicable in the Dubai Industrial City is:
- the Federal Law No.1 for industrial affairs,
- the Federal Law No.44 for the protection of industrial ownership,
- the Commercial Code of 1993, allowing the establishment of different types of commercial companies in Dubai,
- the Federal Environment Agency’s regulations for industrial activities.
Our specialists in company formation in Dubai may provide all the information about the applicable laws in the DIC. Plus, they can help you set up a company in Dubai Industrial City by attentively managing the procedures involved in the process.
How to open a company in Dubai Industrial City
In order to set up a company in Dubai Industrial City, investors must first obtain the approval of the Licensing Section within the Department of Economic Development. The first step will be to reserve a company name with the Department of Economic Development. The second step is to obtain a trade license from the Dubai Chamber of Commerce and Industry. In order to do that and obtain the registration certificate, the following documents must be submitted to the Dubai Trade Register:
- an application form,
- the company’s articles of association,
- the company name approval document issued by the Department of Economic Development,
- identification documents of the shareholders and company managers.
All the formalities for starting a business in Dubai can be handled by our local team of agents. We assure that our clients enjoy a fast start on the market once they choose company formation in Dubai Industrial City.
Why choose Dubai Industrial City for your future business activities
If you want to set up a company in Dubai, you have various advantageous options at your disposal. Among these, Dubai Industrial City presents a number of benefits:
- DIC continues its expansion to become the most appreciated industrial powerhouse and the biggest manufacturing and logistics hub.
- DIC provides integrated facilities and complete services for business development.
- The advanced and pioneering infrastructure is also a major advantage for foreign investors in DIC.
- Those who want to set up a company in Dubai Industrial City can enjoy top-class amenities and comprehensive support for small, medium, and large enterprises from overseas.
- Company formation in Dubai Industrial City also means linking with major and important business hubs like Dubai Investment Park or Silicon Oasis.
- There are also educational centers located in Dubai Knowledge Park near DIC. This might be an option for foreign investors looking to relocate to Dubai with their families.
Dubai Industrial City in numbers
We invite you to discover some relevant figures about Dubai Industrial City:
- Dubai Industrial City opened its doors in 2004, and since then, it has been one of the engines of the UAE economy.
- More than 200 jobs were recently created in DIC following the opening of a factory for dairy manufacturing.
- DIC acquired around 23.9 million sq.ft. of land for approximately AED 410 million to boost the local manufacturing proposed with the Dubai Economic Agenda.
- At the moment, there are more than 500 companies registered in Dubai Industrial City.
- DIC allows 100% profit repatriation.
Immigration to Dubai and related procedures are also carefully managed by our specialists on behalf of clients wanting to relocate here. Please explore our services and contact us for company incorporation in Dubai, including opening businesses in Dubai Industrial City.