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Business Setup in Dubai Industrial City DIC

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Business Setup in Dubai Industrial City DIC

Dubai Industrial City (DIC) also known as Dubai Industrial Park is a specialized industrial zone located in Dubai, United Arab Emirates. DIC is designed to support various industrial sectors and promote economic diversification in the region. It offers a strategic location and state-of-the-art infrastructure for businesses looking to set up manufacturing, logistics, and other industrial operations.

DIC provides a wide range of specialized facilities and services tailored to different industries. It offers industrial land, pre-built warehouses, showrooms, and office spaces to cater to the unique needs of businesses. The city is divided into six sectors: food and beverage, base metal, mineral products, transport equipment and parts, machinery and mechanical equipment, and chemicals. Each sector is equipped with the necessary infrastructure and amenities to foster growth and productivity.

One of the key advantages of Dubai Industrial City is its strategic location. It is situated near major transportation hubs, including the Al Maktoum International Airport and Jebel Ali Port, facilitating efficient logistics and connectivity for businesses. Additionally, DIC is well-connected to the rest of Dubai and the UAE through a network of highways, making it easily accessible for employees and suppliers.

DIC offers a business-friendly environment with streamlined processes for company formation and licensing. The city provides a range of support services, including administrative assistance, visa processing, and access to skilled labor. It also hosts business events, exhibitions, and networking opportunities to foster collaboration and innovation among industrial players.

In summary, Dubai Industrial City (DIC) is a specialized industrial zone in Dubai, UAE, offering a conducive environment for businesses in various sectors. With its strategic location, modern infrastructure, and industry-specific facilities, DIC serves as an ideal destination for companies seeking to establish their industrial operations and capitalize on the growth opportunities in the region.

Benefits of registering a company in Dubai Industrial City DIC

Dubai Industrial City (DIC) offers a range of benefits that make it an attractive destination for businesses. Here are some key benefits of setting up your business in Dubai Industrial City:

  1. Strategic Location: DIC is strategically located in Dubai, UAE, providing easy access to major transportation hubs such as the Al Maktoum International Airport and Jebel Ali Port. This facilitates efficient logistics and connectivity, enabling businesses to easily import and export goods.
  2. Industry-Specific Zones: DIC offers specialized zones tailored to different industrial sectors, including food and beverage, base metal, mineral products, transport equipment and parts, machinery and mechanical equipment, and chemicals. Each zone is equipped with the necessary infrastructure and facilities to meet the unique requirements of businesses in those sectors.
  3. Modern Infrastructure: DIC provides state-of-the-art infrastructure, including industrial land, pre-built warehouses, showrooms, and office spaces. The city is equipped with advanced utilities, telecommunications networks, transportation systems, and robust security measures.
  4. Business-Friendly Environment: DIC fosters a business-friendly environment with streamlined processes for company formation, licensing, and government approvals. The city offers a supportive ecosystem for businesses to thrive, with access to business support services, networking opportunities, and a skilled labor pool.
  5. Free Zone Benefits: DIC operates as a free zone, providing additional benefits to businesses. These benefits include 100% foreign ownership, zero corporate and personal income taxes, repatriation of profits and capital, and no currency restrictions. Businesses in DIC can operate with ease and enjoy a favorable economic environment.
  6. Collaboration and Networking: DIC hosts industry events, exhibitions, and networking opportunities, bringing together businesses, industry professionals, and key stakeholders. This facilitates collaboration, knowledge sharing, and business growth through partnerships and synergies.
  7. Supportive Government Policies: The UAE government has implemented various initiatives and policies to support the growth of industrial sectors. DIC aligns with these initiatives, offering a supportive framework for businesses to establish and expand their operations.
  8. Skilled Workforce: Dubai has a diverse and skilled workforce that is readily available to businesses operating in DIC. The city attracts talent from around the world, providing businesses with access to a pool of skilled professionals across various disciplines.
  9. Economic Stability: Dubai is known for its economic stability, investor-friendly policies, and transparent legal system. DIC benefits from the overall economic strength and stability of Dubai, offering businesses a secure and reliable environment for growth and success.
  10. Market Access: Dubai serves as a gateway to regional and international markets, providing businesses in DIC with access to a vast consumer base. The city’s strategic location and excellent connectivity enable businesses to tap into global markets and explore new business opportunities.

Setting up your business in Dubai Industrial City not only grants you access to these benefits but also positions your company within a thriving industrial hub that promotes innovation, growth, and sustainability.

What is the Process of registering a company in Dubai Industrial City DIC?

The process of setting up a business in Dubai Industrial City (DIC) involves several steps. Here is a general outline of the process:

  1. Determine Business Activity: Identify the specific industrial activity or sector in which you intend to operate within DIC. This will help determine the necessary licenses and permits required for your business.
  2. Business Plan: Prepare a comprehensive business plan that outlines your objectives, market analysis, financial projections, and operational details. This plan will serve as a roadmap for your business setup process.
  3. Legal Structure: Decide on the legal structure for your business, such as a Free Zone Limited Liability Company (FZ-LLC) or a branch of an existing company. Each legal structure has its own requirements and implications.
  4. Trade Name Registration: Choose a unique and relevant trade name for your business. The trade name should comply with DIC’s guidelines and should be registered with the relevant authorities.
  5. License Application: Submit the license application to DIC along with the required documents. The documents typically include the application form, business plan, passport copies of shareholders and managers, and relevant educational and experience certificates.
  6. Facility Selection: Select the appropriate facility type based on your business requirements. DIC offers options such as industrial land, pre-built warehouses, showrooms, and office spaces. Ensure that the chosen facility aligns with your business activities.
  7. Lease Agreement: Once the facility is chosen, enter into a lease agreement with DIC. This agreement will outline the terms and conditions, lease duration, and rental fees.
  8. Government Approvals: Depending on your business activities, you may require additional approvals or permits from relevant government authorities. DIC will guide you through this process and assist in obtaining the necessary approvals.
  9. Company Registration: Complete the company registration process with DIC, including the submission of all required legal documents, payment of registration fees, and signing the necessary agreements.
  10. Visa and Labor Approvals: After the company registration, apply for employee visas and labor approvals for your staff. DIC will provide assistance and guidance throughout this process.
  11. Commence Operations: Once all the necessary approvals, licenses, and permits are obtained, you can commence your business operations within DIC. Ensure compliance with all applicable regulations and maintain regular communication with DIC for any updates or requirements.

It is important to note that the specific requirements and procedures may vary depending on the nature of your business and the regulatory changes. Working with a reputable business setup company, such as Prodigy Corporate Services, can greatly simplify the process and ensure compliance with all legal and regulatory aspects of setting up a business in Dubai Industrial City.

What are the Documents Required to register a company in Dubai Industrial City DIC?

To get started with the business setup process in Dubai Industrial City (DIC), you will typically need the following documents:

  1. Application Form: A completed application form provided by DIC. This form collects basic information about your company and business activities.
  2. Business Plan: A comprehensive business plan that outlines your objectives, market analysis, financial projections, and operational details. The business plan helps DIC assess the feasibility and potential of your business.
  3. Passport Copies: Copies of passports for all shareholders, managers, and directors involved in the company. Passports should be valid for at least six months.
  4. Visa Copies: If any of the shareholders, managers, or directors are UAE residents, copies of their UAE residence visas must be provided.
  5. Proof of Address: Proof of address for shareholders, managers, and directors. This can be in the form of a recent utility bill or a tenancy agreement.
  6. Memorandum of Association (MOA): If your company is a branch or subsidiary of an existing company, the MOA of the parent company must be submitted.
  7. Board Resolution: A board resolution from the parent company authorizing the establishment of the branch or subsidiary in DIC.
  8. Educational and Experience Certificates: Copies of educational certificates and professional experience certificates for the shareholders, managers, and directors.
  9. NOC Letter: If any of the shareholders, managers, or directors are currently employed with another company, a No Objection Certificate (NOC) from their current employer may be required.
  10. Lease Agreement: A copy of the lease agreement for the chosen facility in DIC, such as industrial land, warehouse, showroom, or office space.
  11. Bank Reference Letter: A bank reference letter stating the good financial standing of the shareholders and directors.
  12. Company Profile: A detailed company profile describing the nature of your business, products or services offered, and target market.

It’s important to note that specific document requirements may vary depending on the nature of your business and DIC’s guidelines. It’s recommended to consult with a business setup company or DIC directly for the most up-to-date and accurate information regarding the required documents for your specific business setup in Dubai Industrial City.

What is the cost of registering a company in Dubai Industrial City DIC?

The cost of setting up a business in Dubai Industrial City (DIC) can vary depending on various factors such as the type of business, the facility chosen, and the specific requirements of the company. Here are some cost components to consider:

  1. License Fees: The cost of obtaining a trade license from the relevant authorities in DIC can range from AED 10,000 to AED 20,000 or more, depending on the nature of your business activities.

  2. Office Space: The cost of office space will depend on the size and location within DIC. The rent for an office space in DIC can range from AED 20,000 to AED 100,000 per year or more, depending on the size and facilities required.

  3. Visa and Immigration: The cost of visa and immigration services can vary depending on the number of employees you plan to sponsor and their respective visa categories. It typically includes visa processing fees, medical tests, Emirates ID, and other related expenses. The cost per employee can range from AED 7,000 to AED 12,000 or more.

  4. Corporate Services: This includes services such as company registration, PRO (Public Relations Officer) services, document attestation, and other administrative tasks. The cost for these services can range from AED 5,000 to AED 15,000 or more, depending on the scope of services required.

  5. Miscellaneous Costs: There may be additional costs involved, such as government fees, chamber of commerce registration, legal consultation, and any other specific requirements based on your business activities. These costs can vary and should be considered as per your specific needs.

It’s important to note that the cost structure and specific fees can change over time, and it’s recommended to consult with DIC or a professional business setup company for the most up-to-date and accurate information on the costs involved in setting up a business in Dubai Industrial City. They can provide you with a detailed breakdown of the costs based on your specific business requirements.

Why Choose Prodigy Corporate Services?

At Prodigy Corporate Services, we are proud to be your trusted partner for business setup in Dubai Industrial, UAE. As a leading business setup company, we understand the immense potential and opportunities that Dubai Industrial offers to entrepreneurs and investors alike. Allow us to guide you through the dynamic landscape of Dubai Industrial and help you establish a thriving presence in this vibrant industrial hub.

Dubai Industrial, strategically located in the heart of the UAE, is a testament to Dubai’s commitment to economic diversification and sustainable development. With state-of-the-art infrastructure, world-class facilities, and a business-friendly environment, Dubai Industrial has become a magnet for industries across various sectors.

As you embark on your journey to set up your business in Dubai Industrial, our experienced team at Prodigy Corporate Services is here to support you every step of the way. We offer a comprehensive range of services tailored to meet your specific needs, from company formation and registration to obtaining the necessary licenses and permits. Our deep understanding of the local regulations and procedures ensures a smooth and efficient setup process, saving you time and resources.

By choosing Prodigy Corporate Services