Dubai Industrial City (DIC) is the main free zone in Dubai catering to the needs of manufacturing companies. Dubai Industrial City was set up in 2004 and recently was renamed Dubai Industrial Park. The free zone now offers investment possibilities to foreign enterprisers in the manufacturing sector who want to fully own a company in the UAE. Investors interested in opening a company in Dubai Industrial City will benefit from very advantageous tax conditions.
Our company registration agents in Dubai can offer more information on investing in Dubai Industrial Park.
What are the types of companies to be set up in Dubai Industrial City?
Individuals and corporate entities can establish limited liability companies in Dubai Industrial Park. Foreign companies are also allowed to register branch offices or enter into joint ventures with companies in Dubai Industrial City.
The industries available for opening a company in DIC, aside from the manufacturing cluster, are:
- food and beverages.
Manufacturing companies in Dubai International Park can process minerals, metals and even chemical products.
The following licenses are available for those who want to establish a company in Dubai Industrial City:
- an industrial license;
- a trading license;
- a commercial license.
The minimum share capital required to establish a limited liability company in Dubai Industrial Park is 300,000 AED.
Company registration in Dubai Industrial Park
In order to set up a company in DIC, one must follow the same regulations applicable when opening an onshore company in Dubai. The owner must select a company name, prepare the Memorandum and Articles of Association and together with the details of the managers submit them with the DIC Authority. Based on these documents, the company will be issued the certificate of registration and the business license.
Dubai Industrial Park now encompasses 6 zones where companies can operate. Each zone is dedicated to a specific activity, as it follows:
- the food and beverages area;
- the chemicals area;
- the base metal area;
- the transport area;
- the machinery area;
- the mineral production area.
For full information on how to open a company in Dubai Industrial City free zone, please contact our Dubai company formation representatives.