Set up your technology company in Dubai with help from MSZ Consultancy
Dubai is known around the world for its growing economy. The city drastically transformed itself from an oil-based economy to a city that is full of flourishing job sectors. One of the industries that have seen immense growth and opportunities is the IT industry. A big reason for this drastic growth is the expanding list of advantages. The government has put smart city initiatives into place to attract investors from around the world.
Dubai Internet City: A Key Contributor to the IT Industry
If you’re hoping to excel in the IT industry, then the Dubai Internet City (DIC) is where you need to be. The DIC, which is located just 15 miles outside of Dubai’s bustling downtown area, provides a comprehensive ecosystem and a first-class infrastructure for tech companies. The area consists of business investors and entrepreneurs from around the world, including global tech giants like Microsoft, Oracle Corporation, HP, Facebook, LinkedIn, Google, Dell, and more. This tech community is made up of over one and a half million square feet of prime commercial space where more than 1,400 IT companies in Dubai have setup their business. Aside from this area being the premier place for IT companies in Dubai, it is also one of the most exclusive and expensive residential areas in Dubai.
How to Start a Business in Dubai Internet City?
Software, internet, multimedia, telecommunication, network, and IT services are the most popular business activities that are carried out in the Dubai Internet City. If you’re looking to setup a tech company or an IT consultancy company in Dubai, here are the steps that you have to take to make sure the process is successful:
- Submit an application along with the required documents to the Free Zone Authority. Here are the documents you will need:
- Business plan
- Photocopies of passports of the shareholders, managers, and directors
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The DIC Authority will issue a provisional approval letter that will need to be signed, stamped, and sent back.
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There will be several more legal documents that will need to be submitted. The documents you need will depend on your company type. You will have 15 days to get everything sent in after you except the acceptance letter.
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Receive a Customer Confirmation Letter that will need to be signed, stamped, and returned to the DIC.
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Receive an invoice for the license, registration, and rental fees.
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Your Personnel Sponsorship Agreement and the Lease Agreement for your office space will be issued after the invoice is paid. These agreements will have to be signed, stamped, and sent back to the DIC.
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Your trade license will be issued after the DIC receives the agreements.
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You will then receive an invoice for the remainder of your lease rental that will need to be paid in two installments.
The experts at MSZ Consultancy can help you through this process to make sure there isn’t any confusion or roadblocks that get in the way of getting your IT Company formed in Dubai.
How Much Does It Cost To Setup an IT Company in Dubai?
It’s not easy to determine how much it will cost to setup an IT company in Dubai because there are several different factors that go into company formation. Here are some things that could impact the price of setup:
- How many visas do you need?
- Are you planning on renting or owning your office space?
- Do you plan on working alone or hiring employees?
There are company setup packages that start at AED 18,000 and can go up to AED 47,820 a year, depending on the needs of your company.
Why Should I Start an IT Business in Dubai?
Dubai is known as the business hub of the Middle East. The many advantages of doing business here have made it an ideal place to setup companies. Here are some of the reasons so many entrepreneurs are drawn to this city to setup their IT companies:
- No personal taxes
- Free Zone options that include 100% ownership with no export duties
- Ability to hire global talent
- No corporate taxes
- Strategic location for global trade and commerce
- Easy incorporation process
- Business-friendly government
- Vibrant and growing economy
- First-class infrastructure
How to Setup a Mainland IT Company in Dubai
If you plan on providing IT services to clients on the Mainland, then you will have to register your company as a Mainland business through the Dubai Economic Department.
Here are the steps to register a Mainland company:
- Choose the company name
- Decide on your business activities
- Select your National Service Agent
- Decide on your General Manger
- Find an office space to rent
- Register your company with the Chamber of Commerce
- Complete the company labor and immigration requirements to get the visas you need
How to Setup a Free Zone IT Company in Dubai
There are over 50 Free Zones for company setup in Dubai. The main Free Zones for IT companies in Dubai are located in the Dubai Internet City and Dubai Silicon Oasis. Here are the steps for registering your IT Company:
Choose your company name
- Decide on what Free Zone you want to setup your IT Company in
- Decide on the services you will offer
- Pick your company’s General Manager
- Find an office space
- Apply for the visas you need
Make Business Setup in the UAE Easier with the Help of MSZ Consultancy
MSZ Consultancy is one of the best company formation experts in Dubai. We specialize in business setup for IT companies in Media City Dubai, Dubai Internet City, and throughout the entire city. We have over 15 years of experience in business formation across the UAE and can easily help your business dream become a reality. Don’t wait! Call us today at +971 52 544 1248, and start your business journey today with a FREE consultation.
WHAT WE DO?
We help you build your business from scratch. We will take the business idea you have and guide you through the necessary steps to make sure you successfully get your company running without any issues. During the process, we will give you the financial and legal advice that you need to help you embark on a profitable business journey.
HOW DO WE HELP?
We can do it all! We have a team of business setup consultants, lawyers, and PRO executives that will help you through the entire business setup process. We help with paperwork, legal advice, provide financial expertise, and make sure you successfully get your company registered.
WHY CHOOSE US?
At MSZ Consultancy, we take pride in providing the best service. We have a unique team that can take care of all your business needs. Everything that we do is designed to make things easier on you. So, we tailor our services to fit your exact needs to make sure that you get the help you need.
Complete Business Solutions for Your Company
At MSZ Consultancy, we are the one and only stop you’ll need for all your corporate business solutions. We will help with all your business needs from setup and beyond. Here’s a list of services that we offer:
Trademark Registration
We offer help in all the steps that are involved in trademark registration. From patent registration and renewal, web domain purchases and renewals, and more.
Local Sponsorship
A local sponsor is required for foreign entrepreneurs who are setting up a business on the Mainland. We have access to the most reliable local sponsors that you can trust with your company.
PRO Services
Our Public Relations Officer services take the hassle out of legal paperwork. We will handle all your documentation and clearing services, including family visas, trade license renewals, notarization of legal documents, and more.
Bank Account Assistance
The procedure of Dubai bank account opening for corporate uses differs from bank to bank. While the process is fairly easy, it does require a lot of time to complete all the necessary steps. We will save you time and take care of it for you.
Product Registration
All products that are manufactured and distributed in Dubai will need to be registered. The Consumer Products Safety Section (CPSS) will evaluate the safety of these products. We can help make the product registration process easy.
Business Centers
Do you need an office for your business? We can help with that too! We have Business Centers located in strategic spots throughout Dubai. Let us help you find the perfect office space for your business setup.
Company Liquidation
Take the stress out of company liquidation and let MSZ Consultancy help you through the process. We have a team of legal experts that will guide you through all the formal procedures.
