TECOM Group of Freezones
- 100% Ownership
- Company Formation in 5-10 days
- Bank Account Opening Assistance
What Are the Benefits of TECOM Freezones?
- Allows 100% foreign ownership with full capital and profit repatriation
- Exempts businesses from personal, income, and corporate taxes.
- Grants exemption from duties on goods and services.
- Offers customizable real estate options for businesses.
- Provides access to world-class infrastructure.
- Supports a broad spectrum of business activities.
- Provides a dynamic and inclusive multicultural work environment.
- Situated strategically for trade and travel.
- Features flexible immigration policies, including UAE residence visas.
- Supports networking, funding, and mentorship opportunities.
What are Business Opportunities in Dubai TECOM Freezones?
TECOM Group is pivotal in establishing Dubai as a global hub for innovation, creativity, and business excellence across various sectors. Here is an overview of the key projects supported by TECOM:
- Tech
TECOM is at the forefront of technological advancements across the region. Encouraging innovation and creating ecosystems for established and startup businesses can help make Dubai the perfect place to live for innovative digital technology and transformation concepts. - Education
TECOM promotes learning excellence by helping institutions provide top-quality education and equipping the next generations with the knowledge and skills required to compete globally. - Media
TECOM empowers media companies to increase their global reach while transforming Dubai into a lively media landscape. - Science
TECOM provides investor-friendly regulations for setting up a company in the scientific advancements and development sector in its Dubai Science Park Freezone. This helps create a climate where research and cutting-edge scientific technologies flourish, contributing to humanity’s advancement. - Design
TECOM supports the creative sector and puts Dubai at the forefront of design, art, and culture. It also helps mould the city’s future workers and gives them places to develop their creativity and innovation. - Manufacturing
TECOM contributes to enhancing the industrial development in the region through its supportive environment for the manufacturing industry. This initiative complements the UAE’s overarching industrial drive to promote innovation and advantage in the international market.
Free Zone
TCOM Group of Freezones
Setup Time Frame
3-5 days
Location
Barsha Heights, previously known as Tecom, is a dynamic and upscale neighborhood nestled along Sheikh Zayed Road, moments away from the prestigious Dubai Internet City.
Share Capital
No proof of share capital is required
Financial Audit Report
Required Annually
Overview of TECOM Group of Freezones
TECOM Group is at the forefront of shaping Dubai’s business landscape, developing strategic sector-specific districts catering to various industries. Managed by Dubai Holdings, the sovereign investment vehicle for the Dubai government, TECOM comprises 11 specialized business communities. Each of these communities is focused on particular sectors and has expanded continuously since the beginning of 2005 to meet the ever-changing demands of Dubai’s ever-changing business climate. As of 2019, the 11 TECOM business communities are:
- Dubai Internet City (DIC)
- Dubai Outsource City (DOC)
- Dubai Media City (DMC)
- Dubai Studio City (DSC)
- Dubai Production City (DPC)
- Dubai Knowledge Park (DKP)
- Dubai International Academic City (DIAC)
- Dubai Science Park (DSP)
- Dubai Industrial Park (DIP)
- Dubai Design District (d3)
- Dubai Wholesale City (Dubai WC)
These communities support businesses ranging from startups to multinational corporations. TECOM is home to over 6,000 companies and employs around 90,000 people, including global companies like Microsoft, Dell, Siemens, CNBC Arabia, and Khaleej Times.
In addition to providing office and industrial space, TECOM offers specialized facilities, including information offices, laboratories, and higher education campuses. Its in5 platform fosters innovation by assisting startups and SMEs within the tech, media, and design industries. Moreover, flexible workspaces like D/Quarters and GoFreelance packages assist in expanding freelancers and creative entrepreneurs in Dubai, enhancing the city’s diverse business network.
Facilities Offered by TECOM Group of Freezones
TECOM provides a variety of facilities to suit the needs of companies. Each free zone features state-of-the-art infrastructure and adheres to high building standards. Securing a rental premise in the relevant free zone is essential for establishing a company within a TECOM business community. The choice of premise will depend on the nature and scale of your business operations. Lease agreements include a 5% VAT, with a security deposit of AED 5,000 for desk spaces and AED 10,000 for private quarter spaces. Available facility options in TECOM Freezones include:
- In5 Centers
In5-Centers offers studios, workspaces, and prototype labs in three innovation hubs. These facilities are ideal for entrepreneurs and startups in the technology, media and design industries. - D/Quarters
D/Quarters offers scalable co-working spaces to support freelancers, SMEs, and large corporations. - Commercial and Retail Spaces
Commercial and retail spaces are strategically located within vibrant business communities, supporting trade operations and serving over 100,000 people daily. - Light Industrial Units (LIU)
Quality Light Industrial Units (LIU) are offered in Dubai Science Park and Dubai Production City. These units are well-equipped with infrastructure and suitable for various processes. - Warehouses
Multipurpose warehouses in Dubai Industrial City offer businesses the best storage solutions to meet operational needs. - Laboratories
Dubai Science Park hosts laboratories with sell and core spaces specifically designed for research, development and production. The facilities are housed in a green and LEED-certified structure. - Staff Accommodation
Staff accommodation facilities are designed to the highest living standards, featuring amenities such as restaurants, supermarkets, health centres, and leisure facilities to ensure a comfortable living environment for personnel. - Boutique Studios
Boutique studios offer dedicated office space with studios for media firms. Businesses can also opt to rent entire buildings based on their operational needs. - Sound Stages
Dubai Studio City offers advanced sound stages to entertainers and production businesses, catering to large-scale production requirements. - Venues
TECOM-free zones feature versatile indoor and outdoor venues suitable for various events, including business meetings, conferences, training sessions, exhibitions, gala dinners, fashion shows, brand activations, and product launches.
Steps to Start a Company in the TECOM Group of Freezones
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Types of Licenses & Activities Offered by TECOM Freezones
Companies in the TECOM Freezones can operate under various license categories, including:
Commercial License
Industrial License
Professional License
Business Legal Structures Under TECOM Freezones
Investors must select a suitable business legal structure when establishing a company in the Umm Al Quwain Free Trade Zone (UAQ FTZ). All companies in the UAQ FTZ are Limited Liability Companies (LLCs) and require a natural person to be appointed as the manager, director, and secretary.
Free Zone Establishment (FZE)
This structure is designed for a single shareholder.
Free Zone Company (FZC)
This option allows between 2-50 shareholders, either individuals or entities, to establish the company.
Branch
An existing parent company can establish a wholly owned and operated branch in the Free Zone.
Why Choose Emirates Advisory?
Emirates Advisory is a prestigious advisory firm based in Dubai, boasting over 15 years of experience in corporate structuring. We specialize in assisting high-net-worth individuals and companies looking to establish a business in the UAE’s Free Zones. Our in-depth knowledge of the TECOM Free Zone and the UAE’s regulations allows us to offer personalized guidance throughout every stage of the company setup process. Our expertise ensures compliance and facilitates a smooth journey, ranging from free zone company formation and corporate bank account assistance to post-incorporation support.
Call Emirates Advisory today or book an appointment to learn how our professional team can assist you.