- December 28, 2021
- Posted by: Vimal Hemachandran
- Category: Blog
Dubai is among the world’s most important industrial and commercial locations. The Dubai Industrial City (DIC) free zone was founded in 2004 as a byproduct of the industrial revolution boom that happened in the nation. Dubai Industrial City is an industrial center where light and medium manufacturing companies can easily establish themselves and develop regionally particularly in food and beverage, transportation, engineering, and other sectors of the economy. There are also retail stores and commercial office spaces at this center.
Dubai Industrial City, which covers 39 square kilometers and employs over 35,000 people, is home to over 500 businesses and is conveniently placed near Al Maktoum Airport and the Jebel Ali Port, allowing for seamless worldwide transit. The area has a well-developed road network and is served by four distinct substations for power.
DEWA is responsible for the area’s water supply. In addition to other amenities, Dubai Industrial City has opened three centers that offer education programmes as well as networking opportunities. These centers also connect entrepreneurs with investors and have launched a number of additional initiatives to help startups and current firms grow.
Benefits of establishing Business in Dubai Industrial City
The following incentives are available to incorporated enterprises in the Dubai industrial city:
Income and Corporate tax exempted
Imports that are duty-free
Airports are easily accessible
Accessibility to the GCC market with no tariffs
Features of Dubai Industrial City
Dubai Industrial City’s distinguishing features include
Designated prayer spaces.
Fire and safety
Mechanical, electrical, and plumbing services are all available.
The following zones are designated for manufacturing industries:
Zone 1: Food and Beverages
Zone 2: Transport equipment and parts
Zone 3: Machinery and Equipment
Zone 4: Mineral products
Zone 5: Healthcare
Zone 6: Medicines
The most critical step in forming a business in DIC is to get a Department of Economic Development license. The next step is to reserve a company name based on availability and obtain a trading license from the Dubai Chamber of Commerce and Industry. The following papers, such as an application form, Memorandum of Association, owner and shareholder ID proof, and business name authorized materials, are required to get the registration certificate.
In Dubai Industrial City, limited liability, branch, subsidiary, and joint venture companies can be formed in the region providing a detailed integrated ecosystem for businesses with offerings of industrial land, workforce communities, and storage facilities, making it an affordable and efficient business attraction for the region’s industrial sector.
Company formation in Dubai Industrial City Free Zone is a specialty of AON Management Consultants. Our business consultants have years of experience setting up new firms in Dubai Industrial City and are well-versed in the area. They will be pleased to provide you with whatever assistance you want, and they’ll most certainly have significant experience setting up businesses similar to yours.