IT Companies are a prominent part of the UAE business ecosystem. The UAE is experiencing a transformation in all major industry sectors, especially the IT sector. An IT Company can be easily opened in the UAE. For that, the entrepreneur has to follow a few steps to start an IT company in the UAE without any hassle.
Starting an IT Company in the UAE will help other businesses to explore the latest technology. The IT Company will help develop the latest software and applications for businesses. An IT company in the UAE will help in developing applications using the latest technology, such as AI, blockchain, robotics, etc.
So, in the UAE, there are two ways to start an IT Company. The first option is to open a Free Zone company in any of the Free Trade Zones. The second option is to start a Mainland company in the UAE. By taking the help of expert business consultants in the UAE, an entrepreneur can set up their company in Dubai in the most affordable way.
What is an IT Company License in the UAE?
An IT Company License in the UAE is the legal document that highlights the business activity, business type, date of incorporation, etc. It is obtained by the investor when they set up the company. It is an essential document that is used as an identity for the newly formed company.
So, entrepreneurs can start their IT Company by obtaining an IT Company License in the UAE from either the Free Zone or the Mainland. To grab new projects and continue the business operations, the IT company’s License is an essential document. It is renewable every year, and the investor can take an office space with the new trade license.
Many Free Zones in the UAE offer the IT Company License. Also, in the mainland of the UAE, there is an option to obtain an IT Company License. So, depending on the business requirements of the IT Company, they can make a choice in getting the trade license in the UAE.
How to Open an IT Company in the UAE?
The IT Company can be opened in the UAE by following some easy steps. The process in the Free Zone and the mainland is almost similar. The process of setting up the IT company in the UAE can be listed as follows:
- Decide on where to set up the IT company ( Free Zones or the Mainland)
- Select the list of business activities to be added to the IT Company License
- Choose an office space or virtual office for the IT Company ( Prepare tenancy for physical office space)
- Apply for an investor visa and sponsor employees after the trade license is issued.
These steps have to be followed by the investor to ensure they are setting up the IT Company in the UAE the right way. Expert Business Consultants, such as AURION, can guide them to have a hassle-free setup of their IT Company in the UAE.
Advantages of Starting an IT Company in the UAE?
There are many advantages to starting an IT company in the UAE. The investor can gain significant benefits for their business from being in the UAE. The country is an ideal place to set up your IT Company. A few of the benefits of setting up an IT Company in the UAE are
- Business-friendly regulations
- Top Class Business Infrastructure
- Faster Processing of Company Documents
- Networking Opportunities
- Geographic Location and Time Zone
- Ease of Travelling
Telecommunication and Technology Adoption
The UAE is the leader in technology-driven business adoption. There is a definite competitive advantage for entrepreneurs in starting an IT Company in the UAE. The growth of the digital economy in the region is phenomenal, and every IT entrepreneur can be a part of it.
1. Business-friendly regulations
The Free Zones and the UAE Mainland have numerous initiatives and policies that are investor-friendly. The low corporate tax and VAT, 100% ownership for foreign nationals, and a transparent legal framework make the UAE the top choice for investors.
To start an IT Company in the UAE, the regulations and approvals are quick and easy. By complying with UAE business regulations, the IT Company can operate smoothly and scale up successfully.
2. Top Class Business Infrastructure
The UAE has a top-class business infrastructure custom-made for technology companies. The modern offices, high-power internet lines, digital-first economy, cloud connectivity, data centre support, etc., make the UAE a unique attraction for IT Companies.
3. Faster Processing of Company Documents
The digital processes for company documentation and the quick company registration process are an attraction for investors in the UAE. Most company formation processes are fully digital and have significantly increased the speed of processing applications.
So, an IT entrepreneur can set up their startup in the UAE quickly and without any hassle. They can enter the UAE market quickly and expand the business at a faster pace as well. The process of visa issuance, company licensing, etc., is now fully digital, making the IT Company setup much easier to process.
4. Networking Opportunities
The IT entrepreneurs in the UAE will have access to a wide ecosystem of events and collaborations. There are many events like GITEX, Startup Accelerators, Trade shows for Cyber Security, Digital Finance, etc. These events are excellent opportunities for enhancing visibility.
The UAE has events almost year-round. So the IT Company based in the UAE will have easy access to all these trade shows and networking events.
5. Geographic Location and Time Zone
The strategic location of the UAE is another major advantage for IT Companies based in the region. They can connect with a wider audience base from Europe to Asia.
The favourable time zone enables the IT Companies in the region to serve international clients efficiently and maintain seamless local operations as well. Hence, starting an IT Company in the UAE has the best location advantage.
6. Ease of Travelling
The UAE has one of the best airports in the world, and the Dubai International Airport is located in a very convenient place. The easy movement is especially beneficial for IT professionals who travel frequently for meetings and networking events.
7. Telecommunication and Technology Adoption
The UAE has a robust telecommunications and internet service. For an IT Company, having certain technology infrastructure is a requirement. It will help them easily scale up and launch innovative IT Software Applications and Development projects.
How Can We Assist in Starting an IT Company?
For an entrepreneur in the IT Field, there are several reasons for choosing the UAE for setting up their company. For the documentation work, expert Business Consultants from AURION will handle it the right way. The team will guide you through the whole process.
The cost-effective business setup in the Free Zones is the best choice for setting up an IT Company in the UAE. An IT Consulting or a Software Development company can be set up in the UAE for as low as AED 6,000 for 1 year with Zero Visa Quota in the RAKEZ Free Zone.
Also, the cost of setting up an IT Company in Dubai-based Free Zones starts from AED 14,900 for 1 visa quota. So, there are multiple options available for the IT entrepreneurs to start their IT Company in UAE.
Our expert Business Consultants will help in choosing the right option for starting your IT Company most cost-effectively.
