D-TEC – Highway for Tech Startups in MENA Region
Dubai Technology Entrepreneur Center (DTEC) is a free zone located in the heart of Dubai Silicon Oasis. The focus here is given to those startup companies who have innovative business ideas in the fields of Information technology (IT).
DTEC is a solution for all the people who are technically qualified and are looking for like-minded entrepreneurs, finding new connections with young and dynamic minds and obtaining the encouraging ambiance at one location.
DTEC is also known as the largest tech startup co working campus in the Middle East with an integrated entrepreneurial ecosystem and providing everything required for setting up a new business in Dubai.
Facilities provided by DTEC
- DTEC has a flexible workspace and we have options to choose between hot desk, dedicated desk and a private office. With all these options DTEC provides a perfect environment for startups.
- DTEC organizes programs to support all the ambitious early stage UAE startups.
- DTEC has a capital unit called as the Venture Capital Unit which invests in early-stage technology business ideas in MENA region.
- DTEC allows using the flexi desk for 36 hours per month.
- Allows five business activities per license.
- Offices from 12 sq meters.
- Provides a modern infrastructure for 24/7 with ready to use flexi desks, offices, meeting rooms, cafes inside the premises.
- Conducts various professional and social events on a monthly basis.
- Personal desks also known as the dedicated desk is provided with a phone and a secure locker.
- Free high speed Wi-Fi facility
- Free Parking Facility is also provided.
Activities Available in DTEC for IT’s
- Computer graphic Design Services
- Software House
- Electronic Chips Programming
- IT Infrastructure
- Web Design
- Public Networking Services
- Internet Content Provider
Cost for Obtaining a License in DTEC
DTEC provides 3 options FLEXI DESK , FIXED DESK and PRIVATE OFFICE. The cost for the same is as below along with their benefits:
- Flexi Desk will cost AED 18000 annually.
- Fixed Desk will cost AED 24200 annually.
- Private Office will cost between AED 47820-62500 annually.
The above mentioned charges are inclusive of service license. Lease, establishment card, de-registration fee, processing fee and the VAT.
Additional charges required will be
- Share Capital of AED 10000 will be required.
- Security Deposit of AED 4000 for the flexi and fixed desk and AED 4500 for the office will be required.
- Visa Process and Fees: AED 3,200 to 4,800 plus AED 2,500 refundable deposit. AED 500 Committee Fee for Syrian Nationals (mandatory) and some other nationalities (if UAE immigration requires).
Documents Required for DTEC Company Formation
- Business Plan and Company Overview.
- Passport copy.
- Attested educational certificates for the manager/ shareholder in the license.
- Visa status / Entry Stamp/ UID No.
- 3 tradename options.
Timeframe for the DTEC License
- Once the Business plan is approved it takes 7-14 working days to get the license.
DTEC is the best possible environment for a tech startup to succeed. Based in the heart of Dubai Silicon Oasis, DTEC is a vibrant community of entrepreneurs. It provides an inspiring workspace, opportunities to network, workshops and events, mentorship and support.
This blog is written by Ms. Florine Das, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE . Feel free to call us for more info about company formation in DTEC, Dubai or anywhere across the UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.
Please Note: This article was published on 8th October, 2020. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.
