Located in the proximity of the Jebel Ali International Airport, Dubai Industrial City (DIC) was launched in 2004 and it spans on a 55 square kilometers area. It was created in order to support the Emirates’ economic growth based on another industry than the oil industry. Dubai Industrial City hosts more than 500 companies employing over 10,000 individuals at the moment. The UAE Government plans to transform Dubai Industrial City into the largest manufacturing and logistical destination in the Middle East for foreign investors. In order to achieve its purpose, the DIC Authority provides an excellent infrastructure and competitive services for company incorporation.
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Applicable legislation in the Dubai Industrial City
Dubai Industrial City is not a free zone and that is why it falls under the regulations of the Companies Act of 1984. The Dubai Companies Law stipulates that all companies incorporated in the Industrial City must have at least one UAE partner holding at least 51% of the company’s share capital. However, the foreign partner may be the manager of the Dubai company. Other legislation applicable in the Dubai Industrial City are:
- 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 company incorporation agents in Dubai may provide with all the information about the applicable laws in the DIC.
Setting up a company in Dubai Industrial City
In order to set up a company in the 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 with the Dubai Chamber of Commerce and Industry. In order for doing that and obtain also the registration certificate, the following documents must be submitted with 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.
For assistance with the company registration procedure, please contact our agents in Dubai.