Business Activities in TECOM International City Free Zone
There are a ton of possibilities when it comes to business opportunities in the TECOM Free Zone! This sector services businesses operating in:
TECOM International City
Jumpstart Your Dream Business in Tecom City Free Zone with MSZ Consultancy!
Dubai is home to an enormous business hub for investors and businesses alike. And standing at the forefront of this market is TECOM International City Free Zone. This free zone is dedicated to developing technology and education-based companies in the Emirates.
To date, this free zone covers more than ten different business communities in the UAE, including:
- Dubai Media City
- Dubai Studio City
- Dubai Internet City
- Dubai Outsource City
- Dubai Production City
- Dubai Knowledge Park
- Dubai International Academic City
- Dubai Science Park
- Dubai Industrial Park
- Dubai Design District
- Dubai Wholesale City
These sectors are host to thousands of companies of different types and sizes. From startups to large multi-national corporations, the TECOM International City Free Zone houses some of the leading world-class firms like CNBC Arabia, Microsoft, Dell, and others.
Documents Required for Company Formation in TECOM International City
A declaration of an ultimate beneficial owner
CVs for all shareholders, directors, and managers
Bank reference letters
Copies of passports for shareholders, directors, and managers
A NOC for the general manager from your current UAE sponsor (if applicable)
A Registry Identification Code (RIC) for directors and managers
Steps for Business Setup in TECOM Free Zone
Starting a business in the TECOM Free Zone is designed to be a streamlined process. However, as with any company formation in a foreign nation, even an efficient procedure can be tricky to complete. As a result, many investors choose to hire a third-party service like MSZ Consultancy to help them navigate the terrain of creating a new business. But if you decide to complete the process yourself, we’ve put together steps to help you along the way!
1. Gather required documents and submit application for approval
The first step in applying for your TECOM business license, aside from choosing your business activity, legal framework, and picking out a company name, will be to gather all the necessary documents and submit your application.
2. Pay Required Fees
When you submit your application, you will also need to pay the necessary fees, including a minimum of AED 50,000 capital investment.
3. Pick Your Business Name
All companies require a name! You will need to pick a name that has not been chosen and does not violate regulations for profanity.
4. Choose your legal structure
Your company’s legal structure will determine how your business conducts legal operations and handles resources and assets.
5. Choose Your Office Space
Every new business will need ample office space to operate. Options for these include private office spaces, shared offices, and virtual office spaces.
6. Receive Final Approval
After reviewing your application, you will receive your final approval and are free to conduct business in TECOM International City!
Licenses Available to Investors in TECOM Free Zone:
1. Commercial
Commercial licenses are dedicated to businesses that operate within TECOM International City.
2. Industrial
An industrial license is granted to manufacturers and industrial-based businesses.
3. Professional
A professional license is typically for businesses that operate in the retail, service, and consulting sectors.
Benefits of Operating in TECOM Free Zone
TECOM International City Free Zone offers a wide assortment of benefits for investors and companies entering the region. For years, the UAE has strongly reinforced its market by providing excellent tax incentives for prospective businesses. But the benefits only start there! Investors forming their business in the region can enjoy:
• 100% foreign ownership. New companies do not require a UAE sponsorship!
• 100% Repatriation of profits and capital.
• Exemption from personal, income, or corporate taxes.
• Exemption from paying duties for goods and services.
• Businesses can pick from a large selection of customizable real-estate options to suit their needs.
• Strategic geographic location for international trade and travel.
• Some of the most flexible immigration policies in the world.
• A rich, multi-cultural business environment.
• Businesses in the region often participate in business matchmaking, startup funding events, and mentorship programs that all combine to form a rich business environment for entrepreneurs.
MSZ Consultancy Can Help You!
MSZ Consultancy understands the terrain of business in the Emirates and can help provide you with accurate and valuable advice on almost any aspect of your business. From business startups to visa applications, MSZ has the in-depth knowledge to help you find success in TECOM International City.
What We Do?
At MSZ Consultancy, we focus on providing helpful advice for new investors that aren’t familiar with business in the UAE. Our team of business and legal professionals have a thorough grasp of local customs, regulations, and practices to help you navigate your operation in the Emirates with ease.
How We Help!
We offer an extensive array of products for businesses large and small! Regardless of whether you’re a lone investor or part of a multi-national corporation, we have the skills to help you reach success. Business setup in Dubai? We’ve got you covered! Are you applying for national sponsorship? We can help! Trademark registration? We can do that too!
Why Choose MSZ?
Our experts are skilled in helping you determine the most efficient course of action, no matter the activity! Whether you’re handling critical licensing renewals or performing market research for your next product, we work for you! Give us a call today at +971 52 544 1248 and let our experts help you get back to handling business!
Media
TECOM hosts a ton of businesses that operate in the media field. From news industries to entertainment and music, there’s something for any talented individual.
Entertainment
This free zone is also home to a large assortment of entertainers from many different fields. Some of these include musicians, writers, and artists.
Education
The education industry is a heavily prioritized sector of the UAE. As a result, there is an abundance of opportunities to be found in classrooms and learning institutions.
Science
Much like education, fostering the growth of science is an essential aspect of Dubai’s economy. The scientific sector consistently pushes the envelope forward in terms of research and findings.
Technology
The technology industry is home to about as many different businesses as one could imagine. This business sector has plenty of opportunities for savvy investors and businessmen.
Automotive
The automotive industry is also an essential sector as it directly affects the overall health of UAE infrastructure. Therefore, there are many different business activities for investors interested in entering automotive production.
"We are not a law firm, any legal advice required by our clients will be outsourced to a license law firm in Dubai". We are a corporate services provider license by the Dubai Economy license number 788195.*
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