How to set up an IT company in Dubai?

1. How to set up an IT company in Dubai?

2. The surge of the IT (Information Technology) industry in the global market has left an everlasting impression in 2020. Even amidst the outbreak of the COVID-19 pandemic, the IT industry stayed strong and was among the first units to adapt to the “new normal.” Therefore, if you also want to establish your IT company in Dubai, you have chosen the right time and the correct place. The UAE has specialized free zones that offer advanced infrastructure and a modern working ecosystem for setting up an IT company in Dubai. A software company in Emirates can handle various business activities. You can form a tech company that involves app development or offering SaaS (software as a service) services. Your domain can also include biotechnology, technology for finance, etc.

3. Where to Open an IT Business in Dubai? A critical decision that you have to make for setting up an IT company in Dubai is the business location. You can go for Dubai mainland if you want to indulge in trading across Dubai and the UAE. You get all the legal permissions for your business directly from the Department of Economic Development (DED). Therefore, it’s easier to incline your business towards an international outlook and expand your presence within the UAE as well. A mainland LLC formation also requires you to partner with a local sponsor who’ll have 51% of the company’s ownership shares.

4. Suitable Jurisdictions For Software Company: Dubai Silicon Oasis (DSO) Dubai Techno Park (DTP) Dubai Internet City (DIC)

5. Dubai Silicon Oasis (DSO): DSO is a dream free zone for any tech- savvy atmosphere in this free zone makes every employee push harder towards their goals and make this world a better place through their tech solutions. Moreover, you also get a tier 3 data center and high-end infrastructure that facilitates registration in Dubai. enthusiast. The working hassle-free company

6. Dubai Techno Park (DTP) Another free zone that can become your establishment is Dubai Techno Park. There are no currency restrictions, and you can enjoy 100% business ownership in the UAE. Furthermore, several MNCs and world-leaders have their IT installments in DTP, making the area a premier hub for you to start your software company. IT company’s area of

7. Dubai Internet City (DIC): The DIC is a part of the TECOM Group and offers an excellent infrastructure companies. The free zone was founded back in 1999, and since that day, the entity aims to develop cutting-edge solutions. It’s home to prestigious IT giants like Sony Ericsson, HP, Oracle, Microsoft, and many more. for budding IT technological

8. How to Open an IT Company in Dubai? Opening an IT company in Dubai and when you follow all the legalities and submit the right documents, you can start your business in quick time. Here are the key steps to setting up your software company in the UAE. is straightforward,

9. 1. Reserve a Legal Trade Name Your company needs to comply with regarding established by the government. It should provocative, or insulting to anyone in any sense. If you wish to use a person’s company, ensure that you use the full name and not an abbreviation or nicknames. all the legal requirements trade names not be offensive, LegalTrade LegalTrade Name name for your IT Name

10. 2. Finalize the Business Location It’s imperative to have an in-depth understanding business Choosing matches your business activities can help you save a lot of money and facilitate easier business functioning. Decide if you want a mainland establishment or a set up in one of the free zones. of the in place various the locations the UAE. that right

11. 3. Complete the Required Paperwork For Your Software Company A company formation in Dubai involves many legal obligations and document submissions. A business advisor can help ease out the process and ensure that all documents are approved in one go. The paperwork includes trade name reservation, acquisition of the legal trading license, etc.

12. Visa Application Apply for your visa and the visas of members permits). You’ll get the official visa stamping after the verification of entry permit, medical fitness test, etc. You’re now ready to run your IT complete miss out on opening a corporate bank account for your business to maintain finances. other partners (if and jurisdiction staff the company in Dubai with Don’t authorization.

13. Taxation Why Form an IT Company in Dubai? Ease-of-business Free zones

14. Taxation One of the significant benefits of establishing an IT company in Dubai is the freedom from corporate taxes and free repatriation of profits (when it’s a free zone establishment). Moreover, you get hassle-free availability of resources like quality labor migrated from all over the world alongside advanced internet facilities.

15. Ease-of-Business Dubai offers favorable market conditions and ease of global reach to its investors. Therefore, starting a business in Dubai gives your business the edge over others in the industry. Information and communications adoption in the region in combination with digitized implementation makes it a hotspot for new-age investors and budding entrepreneurs. BUSINESS

16. Free zones Of all the Emirates, Dubai is the highest rated Emirate that offers several free zones to encourage local and foreign investors for launching their businesses. IT- oriented promise conditions, structures and accommodation areas personnel. Your IT company will surely benefit if it operates in the UAE. free fascinating incorporating zones in Dubai business office for companies and

17. Documents Required for IT Company Formation You need to submit the certain documents to the Economic Development (DED) or the concerned jurisdiction to establish an IT company in UAE. Department of

18. Check out the list below to prepare for your software company: Copies of passport of the owner and the partner of the company Payment proof of the initial approval fees Partnership agreement to be signed before a notary No Objection Certificate (NOC) from the sponsors A single investor is required to pay 10,000 Dirhams, while 20,000 Dirhams are charged as a security deposit by partners who have a professional license. The business needs to have a designated office for which the owner can add a lease agreement. You have the right to register IT corporations as a fully-owned professional company and a sole governance government. proprietor under the the Local partner’s naturalization books’ copy of UAE’s

19. You have made the right choice of setting up an IT company in Dubai. The industry has picked up pace in the past years and is now about to reach its prime. All you need to do now is make another great choice for a convenient business setup in the UAE. At Shuraa, we help businesses establish in Dubai with our expert guidance and provide business assistance after successful setup. We’re here for your help and would love to take the responsibility of forming your IT company in Dubai while keeping you at sheer comfort. Shuraa – Your Business Companion

20. MAILING ADDRESS Sheikh Zayed Road, Office 501, 5th floor, Aspin Commercial Tower, Dubai, UAE PHONE NUMBER +971 4 4081900, +971 50 7775554 CONTACT US EMAIL ADDRESS info@shuraa.com WEB ADDRESS www.shuraa.com