Skip to main content
HelloBooks.ai home

Dubai Internet City Company Accounting | HelloBooks Books for Dubai Internet City tech firms and regional offices: cost-plus recharges, related-party records, multi-currency invoicing and audit-ready ledgers.

Free zones · Dubai Internet City

Dubai Internet City company accounting for tech firms and regional offices

Dubai Internet City, a member of TECOM Group, calls itself the region's leading dedicated tech hub. Its community runs from Fortune 500 regional offices to SMEs and start-ups. A large share of those companies do not sell to outside customers at all; they support a parent group and recharge their costs. That shapes both the bookkeeping and the corporate tax questions.

Free Plan with invoices within 200 transactions, bills & quotes — no credit card.

The cost-plus regional office

A typical DIC subsidiary of a European software group employs a sales and support team covering the Middle East and Africa. Every month it adds up salaries, rent, travel and overheads, applies a mark-up agreed in the group's transfer pricing policy, and invoices the parent. In a year with AED 6 million of costs and a 7% mark-up, it would bill AED 6.42 million and report a profit of AED 420,000.

HelloBooks posts those costs from bills, expense claims and the HelloTime payroll journal, then the AI agent drafts the monthly recharge invoice from the cost total and your mark-up. The finance lead approves it before it goes. The invoice is in EUR or USD if that is how the group settles, with the FX difference tracked when cash arrives.

Related parties and the free zone conditions

The FTA guide lists headquarter services to related parties among qualifying activities, with conditions in Ministerial Decision No. 265 of 2023. Whether a sales-support entity's services fall inside that definition is a question for the group's tax advisers, and the answer differs from company to company.

Whatever the outcome, the free zone conditions apply in full: adequate substance in the zone, audited financial statements, related-party pricing at arm's length and transfer pricing documentation. If the entity fails any condition, the FTA guide says it ceases to be a qualifying free zone person from the start of that tax period and for the following four periods.

  • Cost pools by department for the recharge calculation
  • Mark-up applied by a recurring invoice template
  • Intercompany balances reconciled monthly with the AI agent

Start-ups in the same buildings

Not every DIC company is a subsidiary. Start-ups that sell services to customers across the UAE and abroad keep ordinary books: invoices, bills, bank statements and VAT. For them, the questions are cash runway and whether non-qualifying revenue fits inside the de minimis cap of AED 5 million or 5% of revenue, whichever is lower.

The AI tags each invoice by customer type so a founder can see the split, and answers questions like "how many months of runway do we have at last quarter's burn?" Custom charts of accounts, cost-centre structures and recharge templates can be set up by booking a call at /book-a-demo or writing to hello@hellobooks.ai.

FAQ

Frequently asked questions

Can HelloBooks calculate a cost-plus recharge?
The AI agent drafts the recharge invoice from the cost totals in the ledger and the mark-up you set. A person approves it before it is sent; the mark-up itself comes from your group's transfer pricing policy.
Is a regional office in Dubai Internet City a qualifying free zone person?
It might be, if it meets every FTA condition and its income is qualifying. Headquarter services to related parties are a listed qualifying activity with conditions, so the group's tax advisers should confirm.
Can a DIC company that qualifies also claim small business relief?
No. The FTA guide says qualifying free zone persons cannot benefit from small business relief.

Sources

Dubai Internet City is a name or trademark of its owner. HelloBooks is not affiliated with or endorsed by Dubai Internet City. Nothing on this page is tax advice; confirm your position with the FTA or a registered tax agent.

Start automating your books today

Free Plan with full access to the AI accountant — no credit card, no time limit.

Subscribe to our newsletter

Stay up to date with the latest news and announcements. No credit card required.

By subscribing, you agree to our Privacy Policy.