Over many years, Dubai has developed a robust corporate reputation with experienced Business Setup Consultants In Dubai which has been fueled by a variety of businesses. And most lately, technology has taken center stage. In fact, Dubai is today praised as one of the most alluring IT hotspots in the globe. Startups from all over the world are migrating here to collaborate with companies like Microsoft, Google, Facebook, and others.
Advantages of establishing a tech business in Dubai, United Arab Emirates
Let’s start with the advantages of starting any type of business in Dubai, United Arab Emirates. Along with a low and flat VAT rate of 0%, the UAE is known for its 0% tax rate on both business and personal income.
The UAE is ideally situate to conduct business with markets throughout the world. It is located in the center of the Middle East, has excellent land, air, and sea links, and shares a time zone with many major economic and technological hotspots throughout the globe.
The advantages carry on, especially for technology businesses. There are several incubators, accelerators, and programs in Dubai aimed at fostering the expansion and success of tech businesses. In addition, the emirate has a high-tech infrastructure and a number of free zones specifically designed for the technology sector.
A firm Incorporation Zone (business consultant) can help you launch your IT business in Dubai’s free zone. We’ll take the time to learn about your needs before recommending the best course of action.
Developing a tech business in Dubai, United Arab Emirates
The steps and timetable for launching a technology firm in the United Arab Emirates are summarize in the section below. In order to provide a quick and simple procedure, when you engage with a business consultant, we can take care of these processes for you.
Choose your business operations in step one
You must first describe your company operations in detail. Since technology is a big topic, you must be very specific about what you want to do.
Pick a trading name in step two
The next stage is picking a trading name for your technology company in Dubai. You must remember a few naming standards at this point. Simply put, your name cannot contain any derogatory or profane words, nor can it be comparable to any branding specialists or organizations that already exist.
Apply for a technology license as a New Company Registration In Dubai in step three
After completing these procedures, you can submit an application for a trade license. This application is file to the DED or regional equivalent if you are establishing yourself on the mainland. You can submit an application directly to the controlling authority if you are opening up shop in a free zone.
Opening a business bank account is the fourth step
Opening a corporate bank account is the last act you must do before starting your technology company in Dubai. A business consultant is once again available to assist as this is not usually the most simple of processes for nationals of countries outside of the GCC.
Conclusion
Working with a business consultant gives you access to both our global and regional expertise to get aid in a New Company Registration In Dubai. Prior to managing your journey to UAE business ownership, we will take the time to understand your company and its needs. We will help with application processes and coordination with the required departments and authorities.
