Software Company setup in Dubai have seen growth in as a result to innovation and IT Industries
Dubai’s Federal and Local Government interest lies in:
- Creating Modern Infrastructure
- New Technology
And also as people, are coming, from different countries, to work, for Dubai companies creating the growth of Software Companies.
Software Companies provide in one or more following services to the clients
- Developing software products and application for clients
- Designing website and mobile app
- and Providing Software Consultancy services
Purpose to Start a Software Business
- Idle location and time zone for working with various global clients across the globe.
- Because of the Low Tax Environment creates Low Setup Cost
- And quick and easy companies set up process
Factors to keep in mind to Start a Software Business
Software Company setup in Dubai can be done in Mainland or Free zone
- Local Sponsor as agent is necessary.
- Expat can have 100% of ownership share.
- Because there is no need to pay Custom Tax it helps to keep the Startup cost low.
- The Capital and Profit Repatriation.
- Allows maintaining ownership of their business.
- Readily available office space along with another infrastructure facility such as internet and Electricity, it helps to save upfront cost
How to start Software Company in Dubai
- Outline your Business Activities
- So What is your Product – Service you want to provide app development/ web development / Companies Requirement.
- Target Market- Who are your customers and what are their requirements
- and Budget- The approx. cost to set up a business
- Choose the Right License and Apply
There are two type of Licenses:
- Firstly Commercial License – Is required for setting up and registering the company in Dubai.
- And Secondly Professional License – Required if you are providing software services with a local sponsor as an agent.
- Choose Office Space for business
Business can set up their company in various ways:
- Firstly Flex Desk- Use workspace in any of the common areas.
- Secondly Fixed Desk- Use their own equipment in a shared area with a secured storage area.
- And Thirdly Private Offices- Use their own furnished or unfurnished office between 12-50 square meters.
- Choose the Company Name and Register
Rules for naming a company
- Only full names
- No offensive words
- Must be available to register
- Apply for the software license
- Finally, Basic documentation to be provided
- Copy of passport for all partners involved.
- Proof of payment of an initial fee.
- Business plan
- If a partner is there to create, we need to prepare a civil agreement.
- NOC is required for foreign partners from sponsors.
Cost of setting a Software Business
Cost of setting a software business depends on various factors:
- So are you planning to hire or working alone?
- So what if you require permanent or Co-working space.
- And What is your size and set up of your operation.
Dubai provides many investment opportunities to both large and small software or IT Companies as a result we can see rapid growth in these sectors. Free Zone designed by the Dubai government for Software and IT companies in Dubai Silicon Oasis, Dubai Media City, Dubai Internet City, and International Free zone Authority.