RadiantBizRadiantBizRadiantBiz30 September, 2021
In 2023, the IT industry boomed globally, making a big impact. Despite the challenges of COVID-19, IT stayed strong, adapting quickly to the “new normal.” So, if you’re thinking of starting your IT company in Dubai, now’s the time!
Dubai has special free zones with top-notch infrastructure and a modern working environment, perfect for setting up an IT company. You can do a lot with your IT business here. Whether it’s app development, providing SaaS (software as a service), or delving into biotechnology or fintech, the possibilities are endless.
Dubai is a great place to start an IT business, thanks to the support from the government. They’ve set up special areas called free zones just for this purpose.
Some of these free zones include Dubai Media City, Dubai Silicon Oasis, and Dubai Internet City. But before you decide where to set up, you need to figure out what type of company you want to start. If it’s an onshore company, you’ll need a local service agent (LSA). Don’t worry, though – the LSA won’t interfere with your business decisions. They’ll just help you get licenses and approvals.
If you choose a free zone, you still have full ownership rights, but you’ll be limited to doing business within the UAE. So, think about your options carefully before you decide where to start your IT business in Dubai.
According to the Dubai Chamber of Commerce and Industry Report, the UAE is driven by technology and innovation, with IT expenditure anticipated to rise at an annual rate of 8% to reach AED 23.1 billion by the end of 2019.
Over the next five years, IT spending is anticipated to rise at a rate of about 7.2 percent each year.
For Software Development firms in the UAE, the rising number of Free Trade Zones offers a choice of cost-effective company formation options.
Additionally, particular Free Zones cater to the needs of entrepreneurs looking to start a business in the following sectors: information technology, software development, artificial intelligence, computer programming, research and development, and so on.
Looking to start an IT company in Dubai? You’re in luck! It’s a straightforward process if you follow the rules and have the right paperwork ready. Here’s what you need to do:
With these steps done, you’ll be ready to kick off your IT business journey in Dubai. If you need any help along the way, we’re here for you.
Thinking about starting a software company in Dubai? Great choice! Dubai is known for its business-friendly environment, making the process relatively simple. Here’s what you need to do:
Follow these steps, and you’ll be on your way to opening your software company in Dubai. If you need extra help or guidance, consider consulting with experts or business setup consultants. They can provide personalized advice throughout the process.
Both the government and international investors play important roles in the development of the IT industry. Before moving on to the incorporation process, one must first choose a site. Dubai offers several free zones dedicated to each industry, which draws a large number of international investors. In Dubai Internet City, Dubai Techno Park, Dubai Media City, or Dubai Silicon Oasis, one may now start or develop an IT firm. Let’s take a look at each of them individually.
Dubai Internet City is a 1.5 million square foot cluster with over 1600 company partners in areas such as the Internet of Things, Cyber Security, Artificial Intelligence, Big Data, Robotics, and others.
Dubai Techno Park was founded in 2003 to maximize the growth of the IT sector. It spans a total area of 21 million square feet. Life sciences, industrial development, information and communication technologies, and the socio-economic sector are among the emphasized sectors to integrate them with technology.
Dubai Media City, a massive media park with a broad range of IT firms, first opened its doors in 2001. The center’s mission is to help the media community push the boundaries of creativity. This facility serves as a hub for graphic design and web development firms that offer IT services.
The Dubai Silicon Oasis is a technology park and a free zone dedicated to information technology. This hi-tech environment, which covers 7.2 million square feet, is the world’s biggest sophisticated electronic invention. The center offers and supports technological investment for current businesses and startups, as well as an incubation center, in-house business services, capital venture funding, and other services that help freelancers expand their opportunities.
The Dubai International Free Zone Authority (IFZA) has teamed up with the Dubai Silicon Oasis Authority to provide low-cost business establishment packages to entrepreneurs wanting to establish a base in Dubai.
IFZA Dubai offers specific business activities for software development companies such as:
IFZA Dubai is one of the region’s most vibrant and rapidly expanding Free Zones. It provides budding entrepreneurs with all the infrastructure and company setup assistance they need to achieve their goal of starting a business in Dubai.
Sharjah Media City (SHAMS) is a vibrant Free Zone in the United Arab Emirates that offers a variety of attractive company formation packages as well as a variety of commercial incentives to investors. It offers entrepreneurs a variety of office options, including shared desks (Flexi-desks), shared offices, and dedicated offices (9-50sqm fully furnished office).
The Free Zone’s rich ecology of media, IT, trading, consulting, and business network makes it an IT and media powerhouse for the area.
SHAMS is a great place for young entrepreneurs and start-ups to get started.
The Dubai Technology Entrepreneur Campus (DTEC) is the best location for software and IT firms.DTEC offers a variety of company setup solutions to meet the needs of each entrepreneur.
DTEC offers a variety of office options, ranging from Flexi desks to completely equipped offices (12-50sqm). DTEC is an ideal co-working environment for IT startups and software development companies to cooperate and work together.
Starting a software company in Dubai? Here’s what you’ll need:
Having these documents ready will streamline the process of starting your software company in Dubai. If you need further assistance, feel free to reach out to us.
Interested in opening a software company in Dubai? Here are some types you might consider:
Each type serves a specific need, so choose the one that aligns with your interests and expertise. If you need guidance on which type suits you best, we’re here to help.
In matters like business setup in Dubai , people tend to get confused and get in chaos due to several rules and requirements. This is the time when people tend to look for an expert. A lot of chaos can be avoided if guidance is taken from the very beginning. Every venture may have unique requirements like location, customer convenience, logistical feasibility, and banking services.
We at Radiant Biz – Business Setup Consultants strive to understand these unique precepts and provide expert and reliable consultation to our clients with updated laws and governing regulations, awareness of their rights, and cost-effective business solutions tailor-made to their business needs and budget.