How to Setup an IT Company in Dubai?

How to Setup an IT Company in Dubai?

Dubai, often referred to as the "City of Gold," is not just renowned for its towering skyscrapers, luxury lifestyle, and cultural diversity. It has also emerged as a global hub for business, innovation, and technology. Setting up an IT company in Dubai can be a strategic move with a plethora of benefits. Let's explore why Dubai is a prime destination for tech entrepreneurs and IT companies:

Tech Ecosystem and Innovation:

Dubai has positioned itself as a leader in innovation and technology. The government's commitment to technology-driven initiatives, such as Smart Dubai and Dubai Internet City, has fostered a thriving tech ecosystem. Access to technologies, research facilities, and collaborations with local universities further contribute to an environment that's conducive to IT growth and development.

Taxation:

Dubai's various free zones are designed to attract foreign investment and entrepreneurship. These zones offer 100% foreign ownership, complete repatriation of profits, and exemption from personal and corporate taxes. Tech companies can set up their operations in these zones and take advantage of the favorable business environment, while enjoying state-of-the-art infrastructure and modern amenities.

What Are the Steps to setup an IT business in Dubai?

In Dubai, starting an IT company is a simple and quick process. Given that the procedures to launch an IT firm in Dubai are strictly followed, it scarcely takes a week to finish.

1. Choose a Business Location:

Decide whether you want to set up in a free zone or on the mainland. Free zones offer various benefits like tax advantages and simplified regulations, while mainland companies can trade within the local market. If your option is freezone, IFZA, DMCC and Meydan is the most preferred location to setup your IT Company In Dubai. There are many options to secure your premises in the Freezone such as Flexi desk, Shared office, Private office and personalized office. You can choose anyone of the above based on your needs.

2. Choose a trade name:

The kind and type of IT business in Dubai should be reflected in the name of your organization. If your IT company is a branch of another organization with a name, the name should not be derogatory, provocative, or demeaning to anyone.

 3. Determine share capital:

Decide on the share capital in your IT company. The Memorandum Of Association of your IT company decides the minimum share capital. Often, business owners do not have to pay minimum capital to start an IT business in Dubai.

How to obtain a professional license for an IT company in Dubai?

Once an investor chooses to start an IT company in Dubai, it is mandatory to obtain a professional license from the Department of Economic Development in Dubai before starting operations. To obtain a license, you must hire a local agent who can perform various tasks related to your IT business, from applying for name reservation and registering your company to securing a location and also hiring a workforce, etc.

What are the Documents required to open an IT company in Dubai?

The investor has to submit various documents to the Department of Economic Development. The list of documents is as follows.

• Passport of the owner and the partners of the firm
• Entry Stamp / UAE Visa
• The local partners chosen by the investor need to submit a neutralisation book.
• NOC for expatriate partners’ from the various sponsors chosen.
• The agreement of partnership must be signed in front of the notary.

What is the Cost to open an IT company in Dubai?

The costs of establishing an IT firm in Dubai range from company registration and license fees to office expenses and share capital size.

The Company Registration Fee is a one-time fee. The cost of registering a corporation in a free zone in Dubai ranges between AED 9,000 and AED 13000. License fees, unlike company registration fees, are recurrent costs. It might range from AED 10,000 to AED 35,000 each year.

Start Your IT Business With BIC

Setting up your IT business is easier than ever with Business Incorporation Centre. We can help you from start to finish in establishing an e-commerce business in the UAE. We will offer you with all of the resources you need to launch a successful e-commerce business. If your e-commerce company has special requirements, we can also supply custom-made business setup packages. So, let us begin.