The world has been captivated by the developments in Dubai, particularly in the field of information technology. The IT sector has seen tremendous growth in the country, with investments estimated at $8 billion. Dubai is often referred to as the Silicon Valley of the Middle East, as it has attracted some of the best industries to its shores. Factors such as the low tax system and strategic location have contributed to the growth of the IT sector in Dubai. Before setting up an IT company in Dubai, certain requirements must be met.
An investor must obtain a license from the Dubai Department of Economic Development, which requires hiring a local agent to transfer an application for a work visa, the license itself and other documents. The government has created a series of exclusive free zones where an investor can establish an IT company, such as Dubai Media City, Dubai Silicon Oasis and Dubai Internet City. The investor must decide on what type of company they are going to create: a local company that will require a local service agent (LSA).Dubai is one of the most sought after countries among investors around the world due to its business-friendly laws and tax exemption provisions for free zones. Silicon Oasis is often referred to as Silicon Valley in the Middle East and offers some of the best conditions for doing business.
Another attractive location is Dubai Internet City which was created in 2000 and is becoming an attractive proposition for start-ups. The country also boasts one of best infrastructures when it comes to providing services such as Internet access. Once an investor decides to create IT companies in Dubai, it is necessary to obtain a corresponding license before being able to start formal operations in the country. Obtaining an information technology license in Dubai and starting operations would be your gateway to prosperity. Adam Global has extensive experience in business consulting and can help you with any aspect of setting up your company in United Arab Emirates whether it's an IT company or digital marketing company. Owning a free zone business structure in Dubai means you can't trade with mainland companies without involving distributors.
Typical legal corporate structures for company formation in Dubai (United Arab Emirates) are sole proprietorship, limited liability company (LLC), franchise company, branch of foreign company, representative office, trust company and commercial agency. The dual license allows companies in free zones to expand beyond free zones and strengthen their presence on mainland United Arab Emirates. Driven by demand for IT services start-ups and entrepreneurs are obtaining licenses from IT services companies to offer specialized services to organizations in United Arab Emirates. Located next to Dubai International Airport Sharjah Media City is dynamic free zone which offers a wide range of benefits for businesses looking to set up their operations there. It offers excellent infrastructure facilities such as high-speed internet access, state-of-the-art telecommunications systems and modern office spaces. It also provides access to a large pool of talented professionals from all over the world. The government has greatly facilitated process of setting up an IT company in Dubai and has also ensured that a number of business-friendly provisions are established to make business management a smooth process.
The demand for IT services licenses in United Arab Emirates is increasing due to peak levels of service requirements from organizations in major industrial sectors. Dubai is one of the most attractive destinations for investors looking to set up their IT companies due to its low tax system, strategic location and time zone, business-friendly laws and tax exemption provisions for free zones. With its excellent infrastructure facilities and access to a large pool of talented professionals from all over the world, setting up an IT company in Dubai can be a great way to achieve success.