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IT Company or Business Setup in Dubai

IT Company or Business Setup in Dubai

LICENSE | SETUP | GOVERNMENT APPROVALS| REGISTRATION

IT Company Setup Service in Dubai - UAE

IT Company Setup in Dubai – Dubai is a destination that has many investment opportunities for those who want to open a company. With the development of the dedicated free trade zones in Dubai like the Dubai Media City, Dubai Internet City or Dubai Silicon Oasis, setting up IT companies in Dubai has become very easy. The Dubai Government supports IT ventures and many major IT giants have opened their subsidiaries in Dubai. The lack of corporate taxes and the full repatriation of the profits if the IT company is set up in a free zone has attracted the attention of many IT investors. Besides this, the availability of a talented pool of employees is a big plus in its favour.

The city still holds out plenty of scope for smaller IT companies as well. To set up an IT company in Dubai is a simple process once all the requirements are met. Before deciding on the location of the IT company, search out a local sponsor or partner. He will own 51% of the company’s shares, while in the case of free zone companies, the expatriate will fully own the company.

Categories of IT consulting firms

  1. Generalist consultancy firms with a separate IT consulting unit
  2. Global firms specialize in information technology
  3. SME IT firms that are focus on a specific service.

Registering an IT company in Dubai

If you are planing to setting up a company in IT or Information Technology Sector in Dubai, the first thing to consider is where in Dubai the business or company will carry out its activities. In Dubai you can find Free Zones which are built specially for IT Companies which carry out Business Related to Information Technology in UAE. You can start your IT Business in Dubai Free zones like Internet City, Dubai Knowledge Village, Dubai Outsource Zone or any other of your choice. Onshore IT companies in Dubai must have trade registered in Dubai, on the other hand free zone companies are to be registered with Dubai Technology and Media Free Zone Authority (TECOM) so as to operate business in a Dubai free zone. Our company registration exerts at Black Swan will hep you in Registering your onshore or Free Zone IT Company in Dubai and help in each and every step of Company Formation.

Types of licenses for IT company

Two type of License can be applied  for companies in the information technology sector in Dubai, its based on the activities undertaken by the IT Company

  1. Professional License
  2. Commercial License

Professional license for an IT company in Dubai

  • STEP 1 : A professional license from the Department of Economic Development (DED) is required before setting up the IT company in Dubai, to allow him/her to engage in business activities.
  • STEP 2 : Hire the services of a local agent who will deal with obtaining the employment visa, the license and any other required documents.
  • STEP 3 : Reserve a name and the approval for the activity to be undertaken with the DED. In Dubai, IT companies can be registered as professional firms with full foreign ownership or as sole proprietorships. If the IT company has more than one partners, there is no minimum share capital but the amount must be stated in the articles of association of the IT firm.

The license to set up a free zone IT company will be issued from the respective free zone authority.

Documents to be submitted for registering a IT Company

  • Passport copies of the person and his/her partners
  • Proof of payment of the initial approval fee
  • A copy of the naturalization book of the local partner
  • Sponsor’s No objection letter for expatriate partners
  • A notary should witness the partnership agreement
  • Tenancy contract of the registered office

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+971 56 219 3732 / +971 4240 6939

Benefits

Setting up of business in UAE

  • 100% foreign ownership
  • Tax benefits
  • Duty free
  • Low operational cost
  • Low freight charge
  • Abundant & inexpensive energy
  • Exemption from all import and export duties
  • Freedom to recruit expatriates
  • Freehold offices available on sale or lease
  • Readymade offices, factories & warehouses
  • Free transfer of funds
  • No foreign exchange control

Why Black Swan ?

We help you in Continuing Business

  • Taking the trade name approval
  • Initial or security approval.
  • Preparing Memorandums.
  • Bank Account assistance.
  • License issuance.
  • All Visa's
  • Any external approvals if required.
  • Final Submission.
  • Court Notarization of memorandums
  • POA and other documents.
  • Space Rental
  • VAT Registration
  • Government Approvals

SAVE 70% ON BUSINESS SETUP COST

 LICENSE – GOVERNMENT APPROVALS – REGISTRATION – DOCUMENTATION – VISA

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