merritt.ae
  • Home
  • Who are we?
  • Company
  • Residency
  • Legal
  • Tarifs
  • Blog
  • Contact Us
  • Search
  • Menu Menu
You are here: Home1 / Company in Dubai2 / Types of Entities in the UAE3 / The Free Zone Company4 / DIC Free Zone Company – Dubai Internet City (Dubai)
  • DIC Free Zone Company - Dubai Internet City (Dubai)

General presentation

About the company

Company typeFree-zone Company in the Emirate of Dubai, at the TECOM Registry located in Dubai Internet City (DIC).
Authorised activitiesThe company may engage in any activity except banking, insurance and financial activities (such as currency exchange). The management of funds for third parties is not allowed.

About the share capital

Authorised currenciesUnited Arab Emirates Dirhams (AED)
Minimum capital Min. AED 10,000
Maximum capital No limit
Libération du capitalIt is not necessary to deposit the company’s capital, neither at the company’s creation nor later.

Accounting & Audit

Bookkeeping and annual audit of accounts
It is compulsory to keep accounts and to carry out an annual audit of the accounts
Justification of expenditure and incomeNothing to justify (unjustified expenses will be debited from the partner’s current account).

About the Manager

EligibilityAny natural person (individual) or legal entity (company) regardless of nationality. No director nominee.
Minimum number of managersOne.
Can be a natural or legal person (in which case a natural person manager must also be named).e world.
Obligation to have a local managerNot required, it can reside anywhere in the world.

About the partners

Minimum number of shareholdersOne.
Maximum number of shareholdersNo limit.
EligibilityAny natural person (individual – minimum 21 years old) or legal entity (company) regardless of nationality. No nominee partner.
Obligation to have a local shareholderNot required, it can reside anywhere in the world.

Timeframe

The time frame is as follows:

  • You will have to come to Dubai 15 days after receiving your payment to sign the articles of association of your company in front of a Registrar. You will then need to stay in Dubai for only 1 day.
  • Maximum 10 working days to receive the Certificate of Registration of your company;
  • Residency visa: 3 weeks from the registration of your company (administrative delays not requiring your presence) + 5 working days (you must be present in Dubai during these 5 days from Sunday morning to Thursday evening of the same week) to receive your residence visa. As soon as your visa is obtained, we meet with the bank the same day to open your bank account.
  • It takes approximately 7 working days to obtain your bank account number following the registration of your company (remote opening) or following the obtaining of your visa (on-site opening). The bank card is then sent by the bank by express mail to the address of your choice anywhere in the world approximately 15 days after the first funds have been deposited in your account.

Advantages and disadvantages of DIC

Advantages of DIC

The advantages of DIC are as follows:

  • Location (direct access to Sheik Zayed Road)
  • Prestige and reputation of the Free Zone
  • Choice and quality of office space available

Disadvantages of DIC

The disadvantages of DIC are as follows:

  • Higher costs than other free zones
  • Delays in registering the company (a good month and a half)
  • Capital to be deposited when registering the company

Fees for company and residence visas

Company package

Here are the rates for the company:

  • Authorities' costs (disbursements)
    Authorities' costs (disbursements)
Company formation costs
  • Authorities' costs (disbursements)
    Authorities' costs (disbursements):- Company Registration: AED 3,520
    - Preparation of Articles: AED 2,000
    Our Fees: AED 5,000

    Total: AED 10,520 for the set up
Maintenance costs per year
  • Authorities' costs (disbursements)
    Authorities' costs (disbursements):
    - License: AED 15,020
    - Establishment Card: AED 2,000
    Our Fees: AED 5,000

    Total: AED 22,020 per year

It is required to rent at least one office:
– Shared Desk : annual cost of 12,000 AED(+5% VAT) + 5,000 AED (refundable deposit) giving the right to 1 visas for partners/employees).
– Private Desk : annual cost of AED 36,000 + AED 5,000 (refundable deposit) giving right to 2 visas for partners/employees).
– Executive Office (160sqft): annual cost of AED 96,000 + AED 10,000 (refundable deposit) giving entitlement to 4 visas for partners/employees).
– Commercial Office (from 720sqft): annual cost of AED 175/sqft entitling to 1 associate/employee visa for every 60sqft.

– The number of eligible visas indicated refers only to partners and employees, not to their families (husband, wife, children).

– Visa fees are not included in the above rates (see above).
– The above fees are to be paid in one go for 1 year at the time of order for the creation of the company and the first year, then each year in one go for 1 year on the anniversary date of the company’s registration.

Our packages include the following elements:

Company formation fee (to be paid only once when the company is formed):
– Service Charge -> this is our fee (nothing to add, all included!)
– VAT and accountancy training -> we explain how VAT works and the accounting obligations of your company
– Salary Register -> setting up the Register of Employees
– Company stamp -> it is a stamp in accordance with local regulations (required for opening a bank account, etc.)
– FREE assistance in opening a bank account -> we assist you in opening a bank account for your company
– FREE setup of invoicing and accounting application -> Installation and configuration of the invoicing and accounting software

Company maintenance fee (to be paid once a year, at creation and then at each renewal of the company):
– UNLIMITED after-sale support concerning your company in the UAE -> we provide unlimited customer support to answer all your questions
– Coordination with Accountant -> we provide a coordination service in French with your company’s accountant
– Coordination with Auditor -> we provide a coordination service in French with your company’s auditor
– Coordination with Tax Agent -> we provide a coordination service in French with the tax agent in charge of VAT for your company
– Subscription to Merritt Updates -> legal, fiscal and social watch on the Emirates sent by email
– UNLIMITED access to Merritt.center-> all your company’s administrative, legal and accounting documents in a secure customer portal
– Economic Substance notification -> the notification on the economic substance to be sent annually to the Authorities
– Correspondence address in Dubai (including UNLIMITED scan and forward of your mails and courier) -> we scan/forward your mail as soon as it arrives according to your instructions
– FREE shared telephone number in the UAE (with answering in English and Arabic) -> shared telephone number with secretarial support in English and Arabic
– FREE domain name + WordPress pre-installed + emails-> domain name + installation of a WordPress website + email addresses on a server located in Dubai

Residence package

Here are the rates for the residence:

  • Type of visa
    Type of visa
  • Costs for 3 years
    Costs for 3 years
  • Conditions for obtaining the visa
    Conditions for obtaining the visa
Investor visa
  • Type of visa
    For a partner
  • Costs for 3 years
    Authorities' costs (disbursements):
    - Residence Visa: AED 4,992
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    - Visa guarantee: AED 2,500
    Our fees: AED 4,000

    TOTAL: AED 13,712
  • Conditions for obtaining the visa
    To be a partner in the company.
    Be over 21 years of age.
    No other conditions.
Working visa
  • Type of visa
    For an employee
  • Costs for 3 years
    Authorities' costs (disbursements):
    - Residence Visa: AED 4,992
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    -Visa guarantee: AED 2,500
    Nos honoraires: AED 4,000

    TOTAL: AED 13,712
  • Conditions for obtaining the visa
    In addition to an employment contract (which we provide free of charge), depending on the job title, a copy of a diploma certified by the Ministry of Foreign Affairs and then by the UAE Embassy may be required.
Family visa
  • Type of visa
    For a spouse/child dependent on a partner or employee
  • Costs for 3 years
    Authorities' costs (disbursements):
    - Residence Visa: AED 3,200
    - Medical check: AED 850
    - EmiratesID: AED 370
    - Exchange Driving License: AED 1,000
    - Entry permit et visa stamping: AED 1,030
    - Immigration file: AED 300
    - Salary certificate: AED 270
    Nos honoraires: AED 2,000

    TOTAL épouse/époux: AED 7,020
    TOTAL child>15 years: AED 6,020
    TOTAL child<15 years: AED 5,170
  • Conditions for obtaining the visa
    It is required to provide a copy of a UAE rental agreement + UAE electricity bill + certified marriage certificate + certified birth certificate for children.

Applicable discounts:
– Exchange Driving License: driving license exchange fees are to be deducted if not applicable (see list on next page).
– Medical check: the cost of the medical test is to be deducted for children under 15 years of age.

The Residence Packages are in addition to our Company Packages. They are not compulsory and can be subscribed to can be taken out at any time without any validity limit.

Our packages include the following elements:
– Residence visa (with support and assistance for all formalities) -> we assist you and do all the
We will assist you and carry out all the formalities to obtain your residence visa in an air-conditioned vehicle with driver from our office in Dubai. The person from our team who will accompany you speaks English, French and Arabic.
– EmiratesID -> we request and receive in our office your Emirates ID card (sent by Po Box by the Authorities)
– UAE driving license exchange -> in the context of the recognition of your foreign license, we take care of all the steps to obtain it and accompany you to the police station for this purpose
– Assistance in opening a personal bank account -> we assist you in opening a personal bank
personal bank account in Dubai
– Assistance in opening a brokerage/saving bank account -> we assist you in opening an investment account (Saxo Bank, EmiratesNBD Private Banking, etc.).
– UNLIMITED after-sale support concerning your residency in the UAE: insurances (health, home, car, travel), succession planning, etc. -> We provide unlimited after-sale support concerning your residency in the UAE: insurances (health, home, car, travel), succession planning, etc.

  • Industry Solutions
    • Social Media Influencers
    • International Athletes
    • Aeronautical and Aerospace Industries
    • Dropshipping Business
    • Oil & Gas
    • UAE-USA Solution
    • How to create a mainland company for car rental for individuals in Dubai?
    • How to open a Cloud Kitchen in Dubai?
    • Import and export: how to get a customs code in Dubai?
  • Outsourcing
    • Obtaining a Tax Residency Certificate (TRC) for a company
    • Accounting
    • Invoicing
    • Human Resources
    • Annual general meeting (AGM) for a company in the Emirates
    • Management Services
    • Outsourcing package for economic substance requirements
    • VAT
    • Annual audit report
    • Is this UAE company legit?
  • Corporate Tax
  • Legal obligations of a company in the UAE
  • Types of Entities in the UAE
    • Freelance License
    • The Offshore Company
    • The Free Zone Company
      • IFZA Free Zone Company – Dubai Silicon Oasis, Dubai
      • Meydan Free Zone Company
      • DWC Free Zone Company – Dubai South, Dubai
      • DIC Free Zone Company – Dubai Internet City (Dubai)
      • DMCC Free Zone Company – Jumeirah Lake Towers, Dubai
    • The Mainland Company
    • The Foundation
  • Offices
  • Taxes Applicable to Companies
  • Cryptocurrency and NFT
  • VAT in the Emirates
  • Country-by-Country Reporting (CbCR) in the Emirates
  • Bank Accounts
  • Le Registre UBO
  • Our exclusive package for the maintenance of your company in the Emirates
  • Prices for Company Set Up Packages in the UAE
  • FAQ About Companies
Contact Form

Contact Us

Merritt Middle East DMCC
Office n°1005 – 10th floor
Goldcrest Executive Tower – Cluster C
Jumeirah Lakes Towers – Dubai
United Arab Emirates

Phone: +971 4 422 1345
WhatsApps: +971 52 557 3356
Email: support@merritt.group

All corporate services are provided by Merritt Middle East DMCC.
All legal services are provided by Merritt Legal Consultants FZ LLC.

Menu
  • Home
  • Who are we?
  • Company
  • Residency
  • Legal
  • Tarifs
  • Blog
  • Contact Us
© Copyright - Merritt Middle East DMCC | Merritt Legal Consultants FZ LLC |  Service terms |Disclaimer | Privacy
Scroll to top
  • English
  • Français