Table of Content
- Introduction
- Why consider an IT business setup in Dubai?
- How to start an IT business in Dubai?
- List of documents required
- What are the best locations for an IT company setup?
- What is the future of setting up a company in Dubai in the IT sector?
- How can RadiantBiz assist you?
- FAQs
For the past few years, Dubai has been able to generate an image of being the best destination for IT businesses. Many major IT giants such as Amazon, Oracle, Microsoft, IBM, Apple, etc have their offices in the city. Choosing to start an IT company in Dubai can be the ideal choice for foreigners. This is because Dubai offers great opportunities for the technology sector.
The world is aware of how Dubai has seen the dynamic growth of its technology sector. Due to its success in luring some of the top industries to its borders, Dubai is frequently referred to as the Silicon Valley of the Midle East. The development of the IT industry in Dubai has been facilitated by a number of factors, including the country’s low tax rate, which has been very beneficial and has attracted foreign investors from around the world.
Why must you consider setting up an IT business in Dubai?
Opening a business in Dubai in the information technology segment is the best thing to do right away. The place has so many attractive reasons that are enough to start an IT company in Dubai. Let’s give you the major reasons why you must look out to start an IT business in Dubai-
- No corporate taxes
The best part of starting an IT business in Dubai is that you get exempted from paying corporate taxes. Furthermore, if you choose to start a company in the freezone then you also get the benefit to repatriate the capital or profit earned.
- Outstanding talent
Dubai has a diverse population that includes extremely spectacular talent from all over the world. You can choose the best skilled human resources as employees in your business setup.
- World-class infrastructure
You can find the best talent pool along with world-class infrastructure in Dubai. The city offers IT business owners some of the greatest and advanced facilities to conduct their operations. Opening a company in Dubai for IT is more appealing than ever.
How to start an IT business in Dubai?
Before you start an IT company in Dubai, know all the required steps that are need to be followed while doing business setup in Dubai
- Decide on the jurisdiction
The first step is to decide on the jurisdiction for your IT business setup. You can choose among free zones and the mainland as both have their own set of rules and benefits.
- Choose the business name
The next step is to choose your company name, simply follow the set of rules that are being set by the government.
- Apply for the trade licence
Once all your documents have been verified, you must apply for a trade licence with the DED or the concerned free zone authorities who are responsible for issuing the licence.
- Open a bank account
A major step is opening a bank account for your IT business in Dubai. The best way to have a business bank account opened in Dubai is to work with a good business consultant as they have the necessary expertise and will get your account opened in no time.
What are the documents required?
Below is the list of documents that would be required from you-
- You will need passports for all the company partners.
- UAE Visa
- NOC for foreign partners from the selected sponsors.
- A copy of the naturalisation books maintained by a local partner
- The partnership agreement must be notarized in front of a notary.
What could be the best locations to start an IT company in Dubai?
The Dubai government has provided excellent assistance to the IT industry over the years and given these business entities all the needed facilities. It has also established a variety of special free zones where an investor can establish an IT business.
Furthermore, you can decide on the location when you are sure and have analysed all the benefits that would work best for your IT business.
Here’s the best locations to start an IT business in Dubai-
- Dubai Media City (freezone)
- Dubai Internet City (freezone)
- Dubai Silicon Oasis (freezone)
What is the future of setting up a company in Dubai in the IT sector?
The IT company in Dubai has a lot of potential and has a very bright future if you are thinking of setting up a business in Dubai. Trends in the IT industry have been following a decent upgraph and will continue to grow dynamically. Dubai is the best place to start an IT business in the Middle East and expand your business on the global platform. So, if you are looking forward to an IT business setup then go for it!
How can RadiantBiz be helpful for setting up an IT business in Dubai?
When you are a budding IT entrepreneur, you need to focus on how you can give your best to the business, and provide time to maintain the needed consistency.
RadiantBiz takes all your stress away and gives you the best IT business setup services in Dubai. We have a team of experienced professionals who have all the necessary skills and resources to make the process more efficient and quick. Our team makes everything possible for you, from getting licence approvals on time to getting visa services, and opening bank accounts, we are here to assist you.
FAQs
- Does Dubai have a thriving IT industry?
Yes, Dubai is among the top places in the world to start an IT company. The Dubai economy is the best place to invest for a successful IT business setup.
- What is the minimum investment of setting up a business in Dubai for my IT company?
Well, the minimum cost of an IT company setup in Dubai depends on many factors such as office locations, jurisdiction choices, license cost, visa, bank accounts and many more. The best way to calculate your cost of business setup is to use the cost calculator by RadiantBiz. It gives you an instant estimate of the pricing to start a business.
- How easy is it to start an IT business in Dubai?
Yes, Dubai is one one of the most convenient places to start an IT business. This is all due to the immense government support and the ease of doing business in Dubai. The no tax policy also attracts international investors in the region.
- Will hiring a business consultant for my business setup make the process easier?
Yes, when you work with a reliable business setup consultant in Dubai, you have all things worked out in the best possible way. They make it easier and quicker for you to get everything done in a few hours. You just need to sit back and relax while they do the work for you.
- What are the visa requirements for setting up a business in Dubai?
There are many types of visa requirements in Dubai, depending on the type of your business. Every foreigner who is wishing to live and work in Dubai must have a resident visa. Additionally, the company needs to have a residence visa in order for the company to be able to hire employees.
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