Company setup from 18,375 AED (flexi desk included)
Registration from 3-4 weeks
Bank account Guaranteed
Residence visas for 2 years
— Yes
— No
The registration process for DTEC begins with an initial approval, which determines if your business model qualifies for the free zone. This approval is issued by the UAE security authorities, not the free zone itself. Once the initial approval is granted, the company owner may complete the registration process. Visiting in person is not required. The registration can be done remotely.
Step 1. Determine which type of license offered by the DTEC free zone suits you.
It is crucial to approach this question carefully, as choosing the wrong activity, registration authority, or location can lead to errors during company registration, creating problems with opening a bank account or getting a residence visa.
Step 2. Prepare the necessary documents. DTEC requires a minimal documentation package.
Registration can be completed remotely - you don’t need to be physically present. Also you have to pay all the registration and processing fees at this step.
Step 3. Receive the license and registration documents for the company, namely
Step 4. Receive an establishment card that contains information about your company and makes it eligible to sponsor residence visas.
Step 5. Apply for an entry permit.
If you apply from inside the UAE, after the entry permit is issued you have to change your visa status from the previous visa to a residence visa. If you are outside the UAE, then arrive in the country, get your entry permit stamped and then proceed with the rest of the residence visa process, submitting the necessary documents.
Step 6. Undergo a medical checkup and submit documents for a residency visa.
Step 7. Apply for an Emirates ID.
Step 8. Complete biometrics procedure in one of the Emirates ID centers.
Step 9. Once you have the results of your medical test and biometrics you can submit all the details for a visa approval. Your electronic visa will be sent to you by email. You can also find it in the UAE ICP app.
Step 10. Receive your Emirates ID. After the residence visa is issued, the Government prepares a plastic identity card which is an important document that is required to open a bank account, rent an apartment, pay bills or fines, etc. It also entitles you to many local services and discounts.
Step 11. Open a bank account. Apply to a UAE bank to open a corporate bank account. The approval may take a few weeks.
After receiving the account details, you can start running your business in the UAE.
Note: A manager of your company (who may also serve as a director and shareholder) must possess a UAE resident visa, preferably issued by DTEC itself. Typically, company registration in DTEC takes 3-4 weeks. There are no nationality restrictions, allowing anyone to apply for the initial approval.
DTEC's pricing structure sets it apart from other Dubai free zones offering one of the cheapest packages for visa eligible companies in Dubai.
Here are the setup costs for DTEC companies:
License | Cost, AED |
---|---|
Service license + flexi-desk + 2 visas | 18,375 |
Trade license + fixed desk + 3 visas (in Technohub 1 Building) | 27,675 |
Trade license + fixed desk + 3 visas (in Dubai Digital Park – A5 Building) | 29,250 |
In DTEC you can open either a service or a trade license.
Each license can have up to 5 activities.
Annual license fee in the DTEC free zone is 5,000 AED for a service license, and it is valid only for the first five years. When the company moves to the DSOA free zone this fee increases to 8,000 AED.
DTEC specializes in a wide range of activities, fostering a vibrant and focused community. The available options include, but not limited to:
To ensure your business qualifies for DTEC registration, it's highly recommended to consult with business setup consultants in Dubai. Their professional advice will help you find the right solution and increase the likelihood of approval.
DTEC offers various workspace options tailored to your needs:
Facility type | Description |
---|---|
Flexi desk | Choose an empty seat, bring your laptop, and start working. |
Assigned desk | Enjoy the convenience of a designated desk and locker. |
Physical office | Furnished and unfurnished offices are available. Premium office spaces range from 10 sq m to 100 sq m, standard offices - from 10 to 50 sq m. |
Within DTEC, you have access to modern business facilities available 24/7, including:
Additionally, DTEC hosts a variety of acceleration programs, professional events, and social gatherings on a monthly basis.
It's important to note that after 5 years, you will need to transition to a full-time physical office within Silicon Oasis. This will grant you the opportunity to have your own office of any size and expand your team if necessary.
DTEC follows the visa procedures and costs set by the Silicon Oasis free zone.
Visa costs in DTEC (AED):
Applicant | DTEC visa fee | Medical checkup | Emirates ID | Refundable deposit |
---|---|---|---|---|
Outside the UAE | 3,000 + Employee Protection Insurance | 637.5 | 330 | 1,500 |
Inside the UAE | 4,600 + Employee Protection Insurance | 637.5 | 330 | 1,500 |
Please note that some nationalities may be required to provide an attested birth certificate upon Immigration request. The company manager must also provide a legalized educational degree during the visa processing. The manager can hold a UAE residence visa in DTEC or any other location within the UAE.
Renewal of your DTEC company can be done remotely, eliminating the need for your personal presence. Simply make the payment and provide the originally signed lease agreement for your facility. The renewal process typically takes 3-4 working days.
DTEC license renewal fee (for a service license) | 5,000 |
Flexi desk renewal (annual rent) | 7,500 |
Establishment card renewal | 2,200 |
Renewal assistance fee | 3,750 |
DTEC offers flexibility when it comes to making changes to your business. You have the option to modify the following aspects:
Most amendments require the personal presence of the company owner or general manager.
If you decide to liquidate your DTEC company, a liquidation fee of 1,000 AED will be charged at the time of license registration. This fee covers all the costs associated with company cancellation, including advertising for liquidation. The process takes about 1 month. It consists of these major steps:
In the event of liquidation, you're required to provide a final audit report and return all original company documents. Any existing lease agreements should be terminated and visas closed.
If you had a corporate bank account, it should be closed before applying for company liquidation. You should obtain a letter proof from the bank confirming that.
After the company is dissolved, you will get an official deregistration letter from the free zone as a formal confirmation of the liquidation.
Dubai Technology Entrepreneur Center (DTEC) is an innovation hub situated within the Silicon Oasis Free Zone, specifically designed for IT startups. It offers an ideal environment to launch and grow your business amidst a dynamic community in Dubai, providing both residential and business facilities within the same area.
DTEC registered companies can be within the freezone for a period of 5 years, after which they are required to move to the Silicon Oasis Freezone.
You do not need to rent an office for the registration. The license is issued with a flexi desk agreement.
Flexi desk usage is required at least 36 hrs/month to avoid lease cancellation.
There are no paid-up capital requirements here. Annual audits are required.
The resident visa will be valid for 2 years and the company license will need to be renewed annually to keep this resident visa valid. The visa holder will also need to come into the country at least once every 180 days to keep the visa valid.
Up to 2 visas company
LICENSE TYPE | VISAS INCLUDED | TOTAL COST | |
---|---|---|---|
Service license + Flexi desk | no visas | AED 27,825 $7,650 | download breakdown |
Service license + Flexi desk | 1 visa | AED 32,128 $8,850 | download breakdown |
Service license + Flexi desk | 2 visas | AED 36,430 $10,000 | download breakdown |
INDIVIDUAL SHAREHOLDER
Top 10 questions about Dubai Technology Entrepreneur Center
Basically no, as a personal visit to the UAE is required as per the regulations of the UAE Central Bank. Local banks require this visit to verify the client's identity. However, some banks allow remote account opening through their digital bank applications or website.
In most cases, you can obtain a debit card for your newly opened company, especially if there is only one shareholder. However, a credit card is usually issued against a fixed deposit. As for loans, banks may consider your eligibility based on your company's operations and profits. It is recommended to apply for a loan after at least one year of company operations.
Officially, the office of a free zone company should be located within the free zone where it is registered. However, if you need an office in Dubai, you have the option to rent space in a Business Center and use it on a flexible basis. It is important to note that the minimum required space (flexi desk) in the free zone cannot be canceled.
A flexi desk is a mandatory requirement for any company eligible for resident visas. It serves as the minimum physical office space that a company with individuals under its visa must have. Additionally, a flexi desk can facilitate bank account opening as banks require evidence of a company having some form of office or physical presence.
VAT obligations depend not only on the place of registration but also on where the business activities take place. VAT becomes applicable when the taxable turnover reaches AED 375,000. If a free zone company's trading activities take place abroad, the turnover is not considered taxable as long as the goods or services are supplied outside the UAE. However, if the goods or services are supplied to customers within the UAE, the 5% VAT will be applicable.
The UAE is free from personal income tax. However, there is a 5% import tax on goods brought into the country and a 5% VAT on trading or service transactions that occur within the UAE.
On June 1, 2023, the UAE introduced 9% corporate tax, however, the UAE freezone companies that meet certain requirements as outlined by the Federal Tax Authority will be able to benefit from tax reliefs and possibly file the 0% corporate tax.
The suitability of a free zone company versus an offshore or mainland entity depends on your business model and requirements. However, a free zone setup offers advantages such as 100% foreign ownership, eligibility for resident visas, the ability to conduct business both within and outside the UAE, and greater favorability with banks compared to offshore companies. Additionally, free zones often offer a flexi desk option instead of executive offices, making it a cost-effective way to start a business without unnecessary obligations.
While we strive to make the account opening process as smooth as possible, we cannot guarantee the approval as it ultimately depends on the bank. Each case goes through several bank departments for approval, and the bank may contact you directly for clarifications. Providing a clear picture of your business to the bank increases the chances of successful account opening. We do our best to prepare you and your company for a smooth and fast account opening process.
Your company should be renewed annually, and the cost is typically lower than the initial setup cost. The renewal fees depend on your company package, and you can obtain the price by downloading the Estimate from our website. Company renewal does not require the personal presence of the owner and can be done by your agent. After renewal, the new license must be presented to the bank to extend the bank account, which is included in our renewal service.
You have multiple options for fee payment. You can make payments via bank transfer, cash, or online using a card.
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