How to open a Software Company in Dubai?

Technology has intruded into our lives silently and become an inevitable part of them. Apparently, it has become impossible to keep ourselves away from the internet, gadgets, mobile applications, or any other IT-based application. This is because we are constantly depending on them for our day-to-day utilities such as bill payments, ticket bookings, information on various subjects, entertainment, and many more. This is why IT-related entities are growing phenomenally over the last couple of decades. So, anyone who plans to start a software company in Dubai, certainly, is going to be worth their time and money.

As software technology is blooming in every sector in Dubai, making it a profession or business is going to be the best path to riches. Hence, here are some of the basics you need to know including the benefits and cost of starting a software company in Dubai and how you can establish one fruitfully.

Advantages of starting a software company in Dubai

Dubai is a popular location when it comes to launching a technology start-up. Besides, investors and IT professionals prefer this site for a bunch of reasons, such as –

Minimal tax rates – The country itself boasts an extremely low tax rate. Additionally, if you choose Dubai free zone for your software business establishment, you can benefit from a 0% income tax rate. That simply means you can save up your tax money and reinvest it in your business.

Huge market for software companies – With one of the most diversified economies in the Middle East, the United Arab Emirates has countless companies potentially ready to purchase your products and services. fortunately, with the strategic placement of the country, you can even serve customers all across Asia, Europe, and Africa as well.

Ease of doing business – Dubai provides an easy and convenient dais to set up and run a business. The registration and approval process takes just a matter of days, with fewer restrictions associated with operations, fund management, and recruitment.

Skilled workforce – The whole population of Dubai is equipped with skilled workers with expertise in all kinds of software development skills, such as programming languages, user interface design, UX research, etc. Apart from that, you can also find employees with proficiency in sales, marketing, branding, and other necessary skills required for the growth of a software company.

Infrastructural support – Normally, a software company requires a high-speed Internet connection, local cloud server centers, and well-equipped office space. Dubai has it all! In addition to that, you can also have access to many support industries and allies that can assist you with everything, from hardware equipment to legal compliance and public relations.

Network of capitalists – A large number of angel investors and venture capital firms are situated in Dubai. So, if your project has the potential, you can easily find investors who are ready to fund your software business idea.

Procedure to start a software company in Dubai

Considering the growth and need for software companies in Dubai, the authorities have employed a quick and hassle-free process to start a software business in the Emirate -

Select a suitable location

Dubai offers two types of locations for business purposes – Mainland and Free zones. If you want to set up a software business in freezone then Dubai Internet City, Dubai Techno Park, Dubai Knowledge Village, Dubai Media City, and Dubai Silicon Oasis are some of the best picks in the emirates of Dubai.

Register your company name

While selecting a suitable trade name for your company, make sure to comply with the rules and regulations of the Department of Economic Development of Dubai. In short, the name must be unique, appropriate, and distinguishable in the market. Therefore, it's better to keep options to choose from. Shuraa advisors will help you ensure whether the suggested names are in accordance with government laws.

Get the required license approvals

The type of license you would need for your business depends on the type of activities you wish to organize in your company. Software companies in Dubai can usually register for a professional license with the DED (Department of Economic Development) which administers and distributes the licenses in the Mainland. Or else, they can register with the respective local authorities if they want to apply for a free zone software company license.

Process your visas

The UAE government has made it mandatory for all business owners in Dubai to carry an employment visa as well as a residency visa. Hence, you must apply for your visa soon after receiving your business license. All you need to do is get in touch with the business professionals at Shuraa who will get you your visas shortly as well as effectively.

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Get your Software Development Business License in Dubai

Being one of the most law-abiding nations, UAE authorities monitor each and every business movement taking place in the country. Approving and issuing trade licenses is one of them. Every software development company set up in Dubai has to procure a business license in order to conduct their operations legally in the area.

So, here are the steps one can simply follow to get a software business license –

• Register your business name, activity, and legal structure
• Submit the identity proofs and residence proof of all the shareholders involved in the software company formation
• Get your business registered
• Collect your license from the authorities
• Open a corporate account in a legally recognized bank

The Shuraa business experts will handle all the above steps, including the documentation part, and ensure a free-and-easy software business setup in Dubai.

Documents required for the procedure:-

• Passport copy of the shareholders
• Entry stamp
• Passport-size photograph

Cost of starting a software company in Dubai

There are a variety of factors involved in starting a software business in Dubai. However, if you are starting as a sole proprietor in a free zone, then the cost would include the initial setup cost and an annual renewal fee. On the other hand, if you have more shareholders, you will need extra staff and larger office space, which means additional charges.

On the whole, there would be many more costs involved other than company registration and essential application fees, depending on the facilities are services you avail for your business project.

Consult with a business setup service provider in Dubai like Shuraa, share your business requisites, and get a rough evaluation of the minimum cost involved in starting a software company in Dubai.

Plan your software business in Dubai with Shuraa Business Setup

Hence, it is confirmed that the software development sector in Dubai has a huge potential for growth at present as well as in the future. And those who are planning to start a software company in Dubai, seeking assistance and guidance from a credible business setup service would be helpful.

Shuraa has been attaining great milestones for over twenty years in establishing small start-ups to large corporations in the Middle East. Their professionals hold an excellent record of accomplishment in helping clients in the most optimal way, such as assisting with paperwork, acquiring permissions and approvals, and procuring licenses for the companies at a reasonable price. All you need to do is reach out to them and share your requirements.

Visit www.shuraa.com or [email protected] for further explorations.