Dubai Company Expert

Beacon Al Manal LLC Helps Choose Best Locations for Setting Up UAE IT Companies

The exponential growth of the information technology (IT) sector and tech startups have been the main economic driving factors in the last two decades. In contrast to other sectors, these industries remained resilient and registered remarkable growth even during the COVID-19 pandemic. Although the pandemic restrictions subsided and there has been an upheaval in the tech space, IT and tech industries are expected to grow and thrive in this digitally connected world.

Businesses and entrepreneurs looking for a favorable location to expand or business set up can consider Dubai or other tax-free jurisdictions in the UAE, as the UAE government offers various incentives and ecosystems for IT businesses to grow and thrive. But becoming a UAE IT company requires planning and knowledge of local rules and regulations, applicable taxes, and fees, which can be challenging for someone new to the country. Therefore, contacting a business setup UAE consultant, such as Beacon Al Manal LLC, can be a good idea for startup founders and IT companies to establish and launch their businesses.

Many international organizations, such as World Economic Forum, have placed UAE as the most high-tech country in the Mena (Middle East and North Africa) region. UAE has an impressive transport and tech infrastructure, thanks to the government's focus on transforming the country into a knowledge economy. According to Beacon Al Manal LLC, a business setup consultant in Dubai, UAE's specialized zones, such as Dubai Silicon Oasis (DSO) and Dubai Techno Park (DTP), offer advanced infrastructure and innovative ecosystems for business set up in Dubai, UAE. However, entrepreneurs need to consider a suitable location, domain, and right business activity to take advantage of the incentives offered by the government.

Dubai Company Expert

Beacon Al Manal Helps Businesses Choose a Suitable Location for Setting Up a UAE IT Company

Choosing a business setup location is critical and perhaps the first step before forming a full-fledged IT company in Dubai or UAE. Those planning to offer a country-wide trade can select Dubai Mainland. Then, one can register with DED, start providing IT services, and grow their presence in the UAE. But forming a Mainland company requires a local sponsor or partner. A business setup Dubai consultant can help find a suitable alliance for developing an IT company on the Mainland. In contrast, Dubai free zones offer a cost-effective solution for setting up an IT business and the possibility of 100% ownership.

Dubai Company Expert
Beacon Al Manal Helps Businesses Choose a Suitable Location for Setting Up a UAE IT Company

What are the Best Locations for IT Business Set Up in Dubai?

Many free zones in the UAE provide financial benefits to new businesses. Starting a business in a free zone has many advantages over doing so on the Mainland, including lower operating costs, streamlined business setup, and procedures, and complete ownership (instead of requiring a local partner to own 51% of the company). In addition, most startups do not have to pay corporate income tax since they provide their employees with tax breaks that typically last anywhere from 15 to 50 years. According to Beacon Al Manal LLC, startup founders and foreign companies can select any of the three free zones to enjoy the benefits:

  • Dubai Silicon Oasis (DSO)
  • Dubai Techno Park (DTP)
  • Dubai Internet City (DIC)

These three zones offer different incentives and infrastructure supports for IT companies. For instance, DSO provides a tech-savvy atmosphere, a tier-3 data center, and an advanced ecosystem for business setup in Dubai. On the other hand, DTP can be a suitable location for tech companies looking for no currency restrictions and 100% ownership. Those planning to set up IT businesses can consult Beacon Al Manal LLC to choose the best Dubai free trade zones suitable for their business activities.

Beacon Al Manal LLC simplifies the IT Business Setup in Dubai and UAE

With proper assistance and guidance from business setup consultants like Beacon Al Manal LLC, opening an IT business in Dubai becomes a straightforward process. In addition, they can help streamline the entire process, including:

  • Business Title: All trade names used in commerce must comply with federal guidelines set to protect consumers. It shouldn't be offensive, inflammatory, or disrespectful to anyone.
  • Business Location: Choosing an appropriate location for business activities may help lower costs and provide a conducive environment for business setup in Dubai. Beacon Al Manal LLC can help entrepreneurs understand the pros and cons of setting up a business in the free zones and on the Mainland to make an informed decision.
  • Business Registration & Paperwork: Starting a business in Dubai involves a lot of paperwork and compliance with local regulations. It may be helpful to consult with a business advisor who can help standardize the process and ensure that all paperwork is approved simultaneously. Some of the required paperwork includes reserving a trading name and getting a business license.
  • Visa Application & Approval: Business owners and their employees will need visa approvals to operate their IT service in the UAE. They will need to visit the country and remain for at least a week before the visa gets approved.
  • Corporate Bank Account: Opening a corporate bank account can be a tedious and lengthy process for someone new to the country. The local and international banks in UAE usually conduct a compliance check which can take up to four weeks before getting a business bank account. Local business advisors like Beacon Al Manal LLC can help speed up the process.
Beacon Al Manal LLC simplifies the IT Business Setup in Dubai and UAE
Benefits of Forming a UAE IT Company
  • Tax Benefits: A company registered in the UAE free zone is exempt from all corporate taxes, personal income tax, and foreign exchange controls. This allows companies in the UAE to save significantly on taxes, allowing them to reinvest their profits into their business.
  • Access to the Middle Eastern Market: The UAE has a booming economy and is the hub of the Middle Eastern market. Setting up a business in the UAE gives companies access to this market, allowing them to expand their operations and increase their profits.
  • Proximity to Global Markets: The UAE is strategically located at the crossroads of Europe, Africa, and Asia. The strategic location allows companies to easily access global markets, diversifying their customer base and increasing their profits.
  • Low Setup and Operating Costs: The cost of setting up and running a business in the UAE is significantly lower than in other countries. This allows companies to focus on their core operations without worrying about high overhead costs.
  • Regulations and Legal Protection: The UAE has a solid regulatory and legal framework to protect companies and investors. It helps companies in the UAE have the support they need to succeed and thrive.
Beacon Al Manal LLC: A Reliable Partner for Business Set UP in the UAE

Beacon Al Manal LLC began assisting individuals and organizations in setting up tax-free businesses in the United Arab Emirates in 2014. Since then, they have helped over 400 individuals and corporations with the company set up in Dubai and UAE. It provides a complete package of business setup Dubai services, from business registration and visas to opening a business bank account and office locations.

Beacon Al Manal LLC: A Reliable Partner for Business Set UP in the UAE