In a span of a few decades, UAE has transfigured to an economic power house of opportunities and immense future prospects. Dubai has been established itself as a comprehensive and integrated center of business activity. The city has scaled to heights as a global commercial capital fostering new entrepreneurs and setting up a technology company in Dubai is something that you can prioritize for 2022.
Through this blog we wish to throw some light on the main requirements to comply with when setting up an IT business in Dubai, open a technology company in Dubai, UAE. With the assistance of our company formation consultants in Dubai, the start up of a technology company is made easier and hassle free.
Where can one Setup a Technology Company in Dubai ?
The company can be registered depending on the business operation and the targeted market. Free Zone Company, Mainland company and Offshore company are the major entity destinations. If The proposed company wishes to target the local and international clients then the best options would be Free Zone and Mainland company formation .
The development of the Dubai’s free zones allows for the registration of IT companies in dedicated free trade zones in the United Arab Emirates . Free Zones like Dubai Media City, Dubai Internet City Dubai Silicon Oasis, D-TEC are the few among the tech Free zones.
The mainland company is considered as a local company and mainly targeted to the local business . The mainland company licenses are issued by the Department of Economic Development (DED).
Advantages of registering a Technology Company in Dubai – UAE.
• 100% foreign ownership is allowed
• 100% repatriation of funds
• 100% tax benefits
• No corporate tax
• No personal tax
• No dividend tax
• Highly advanced technological infrastructure
• Wide business opportunities
• Global hub of technology exhibition
Why open an IT business in Dubai ?
• Tax Benefits : The most striking benefit arises from the fact that Companies in Dubai free zones are required to pay no corporate and personal income tax return and enjoy 100% repatriation of profit.
• Global Work Force : Foreign investors have access to a large pool of talented and skilled human resources who have moved to Dubai from all over the world .
• International IT Hub : In a very short span of time, Dubai has emerged as a vibrant and diverse destination offering quality hospitality, first-class technology infrastructure, and range of attractions.
What NEX can Offer
Our team of experts will plan out your company registration from the start — this includes the strategies you need to follow in order to smoothly set up your business, itemizing potential costs, offering licenses, advising the most suitable office location options, proposing solutions for potential business hurdles, consultation on current compliances /regulations and so on. [ About Nex Consultants ]
Our company incorporation consultants in Dubai can offer more information on the incentives available for the IT industry in the UAE. Get started now and give us a call for any queries at the earliest. [ Contact Nex ]