AOPA Association of Practising Accountants in the UAE

Dubai Internet City (DIC)

Dubai Internet City (DIC) is the Middle East's largest technology hub and a TECOM Group free zone, home to global giants such as Microsoft, Oracle, IBM, Cisco and Google alongside thousands of start-ups. It suits ICT, software, cloud, fintech, cybersecurity and digital-media businesses seeking a world-class tech ecosystem.

Overview

Founded in 1999 as part of TECOM Group (Dubai Holding), Dubai Internet City is the region's flagship technology free zone and the anchor of Dubai's digital economy. Now home to more than 4,000 companies, it offers a dedicated ecosystem for ICT, cloud, software, AI, fintech, cybersecurity and digital media, and has hosted many of the world's biggest tech brands for over two decades. It is regulated by the Dubai Development Authority (DDA).

Who it suits

DIC is ideal for software and SaaS companies, cloud and infrastructure providers, telecom and connectivity firms, fintech and cybersecurity businesses, IT consultancies and system integrators, and technology start-ups. Its concentration of multinationals, talent and innovation programmes such as in5 makes it a strong base for firms wanting partnerships, visibility and a credible regional headquarters.

Licences & activities

DIC issues commercial and service licences tailored to technology and ICT activities, including software, IT services, telecom, internet and technology trading. Options range from serviced offices and co-working through the in5 innovation centre to full commercial premises. Certain activities such as telecom or fintech may require additional sector approvals from the relevant UAE regulator.

Setting up

The steps are: choose your tech activity and legal form; submit your application and documents to TECOM / DDA; obtain initial approval; secure office or co-working space within DIC; pay registration and licence fees; and receive your licence and establishment card before applying for visas. Start-ups can enter cost-effectively via the in5 incubator.

Accounting & audit requirements

DIC companies must maintain proper accounting records and are generally required to submit audited financial statements at renewal, prepared by an approved auditor under IFRS. Audited accounts are also essential to claim 0% Corporate Tax as a Qualifying Free Zone Person, which matters for licensing and IP income common in tech firms. AOPA member firms help DIC technology companies with bookkeeping, revenue recognition, audit and Corporate Tax compliance.

Frequently asked questions

Which companies are based in Dubai Internet City?

DIC hosts global technology leaders such as Microsoft, Oracle, IBM, Cisco and Google, alongside more than 4,000 companies ranging from multinationals to start-ups.

Who regulates Dubai Internet City?

DIC is a TECOM Group free zone regulated by the Dubai Development Authority (DDA), which oversees licensing and the wider TECOM business communities.

Is there start-up support in DIC?

Yes. The in5 innovation centre within TECOM offers incubation, mentoring, co-working and cost-effective licensing for technology and digital start-ups.

Do DIC companies need audited accounts?

DIC generally requires audited financial statements from an approved auditor at renewal, and these also support a 0% Corporate Tax claim on qualifying income.