Tecom Company Formation
TECOM Investments FZ LLC, a subsidiary of Dubai Holding was established in July 2005. Dubai Technology and Media Free Zone Authority (DTMFZA) was established in the year 2000 under Law No1 of 2000 by the ruler of Dubai as the custodian of the Free Zone (Dubai Technology and Media). It is owned by the Government of Dubai and manages, operates and supervises the Free Zone, taking all necessary actions to achieve the objectives of the Free Zone. DTMFZA approves the establishment and registration of companies in the free zone and regulates all related procedures and matters including incorporation, registration and liquidation. DTMFZA also presents and organizes the Dubai International Film Festival, a not-for-profit cultural event. TECOM Investments LLC – a subsidiary of Dubai Holding - was registered, nominated and assigned the responsibility of managing the commercial aspects of the business within the free zone as per the rules and regulations prescribed by DTMFZA. All the business parks are under the custodianship of TECOM Investments LLC.
Products And Services Are Offered By Tecom Investments
TECOM Investments develops and manages businesses that support the growth of knowledge-based industries in Dubai. Presently, TECOM Investments has interests in five industry clusters: information and communication technology (ICT), media, education, life sciences and clean technology. In addition to providing value-added real estate products, TECOM Investments offers significant incentives for locating businesses in its business parks. Foremost is a clustered environment where businesses in the same general industry category share the same work campus. Businesses have a wide array of options, from long-term leases of land and putting up their own facilities to shorter-term leases of a fully-equipped desk or two for start-up operations. Through its internal departments, sister companies and subsidiaries, TECOM Investments further supports businesses with services such as telecommunications (including managed and secure hosting by eHosting DataFort), district cooling by Empower, hospitality services ( e.g. booking of hotels, meeting rooms, car rentals, etc.), on-site and expedited issuance of business licenses, visas, etc. In addition, companies based in TECOM Investments clusters get free zone benefits of 100% ownership, no corporate and personal income taxes and no restrictions on repatriation of capital and dividends in whatever currency. Apart from spurring cluster development by creating purpose-built facilities and by working with the Dubai government to develop business-friendly policies, TECOM Investments also builds "pure play" businesses.
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