Why Choose UAE for setting up a Company?

Investors choose UAE for establishing their business due to:

• Save tax in the home country by registering a company in UAE
• 100% foreign ownership based company with full capital and profit repatriation
• No personal and corporate tax
• World-class office infrastructure, meeting room access, customized office space, and more
• Wide range of warehouse specifications with attached office space, and land lease
• Well connected transport network (air, sea, and road) to facilitate east trade across UAE, Middle East, and rest of the world
• Enhanced lifestyle and low crime rate
• No geopolitical tension and good economic stability
• And many more…

Hence, UAE is the most preferred choice by investors around the world for opening their dream companies.

Factors to Consider While Choosing the Right Emirate for Company Formation

When it comes to choosing the emirates for easily opening a company in UAE, there are multiple factors that the investor must consider such as:

1. Cost of Setting Up a Company

The Cost of registering a company in UAE varies according to the Emirate where the Free Zone is located. The cost of setting up a company starts from AED 11,800 for zero visa quota virtual company license in one of the most competitive Free Trade Zones of UAE.

In Dubai, opening a company with an office in the Free Zone or Mainland is costlier than any other emirate of UAE. Mainly due to the intensity of business activities and business houses in Dubai that are constantly doing business and promote trade operations in the region.

Hence, investors are all intending to share a piece of the pie by being in Dubai and grow their business.

Low-Cost Company Formation in Dubai

In Dubai, few Free Zones offer relatively low-cost company formation package for investors to set up their base in Dubai.

Dubai Silicon Oasis-IFZA and Dubai South offer low cost company formation packages in Dubai. Both of these Free Zones provide investors with a host of business infrastructure and required business support platforms to start at a lower cost.

Premium Company Setup in Dubai

Then there are prestigious Free Zones such as the Dubai Airport Free Zone that is home to some of the world’s top companies.

Hence, altogether company setup in Dubai gives the investor a prestigious address, sophisticated office space, access to the world’s best businesses and infrastructures, and an improved lifestyle.

Free Zones in Sharjah, Ajman, Ras Al Khaimah, etc., offer low-cost company formation packages to the investors without compromising on the infrastructure facilities and other support services.

2. Location

For certain business activities like consulting where global clients keep coming for meetings, having an office space that is close to the airport is beneficial for both parties.

Also, the ambiance of the office and the premises play a vital role in the perception of the company from the client’s point of view.

For businesses such as trading, export, or, e-commerce, the office location does not matter. It could be located anywhere in UAE and not necessarily be at the heart of the city where the rents are high typically.

3. Company Formation Package

Free Zones across the UAE offer various company formation packages. Depending on the exact business activity and company formation requirements the right company setup package need to be chosen by the investor.

For trading companies that are aiming to expand into the local UAE market and the rest of the GCC region, having proximity to airports or seaports is beneficial for the company to easily facilitate global trade.

Similarly, for start-ups and entrepreneurs, there are a whole lot of attractive low-cost business packages on offer from the Free Zones based in Sharjah and Ajman.

The Sharjah Media City and Sharjah Publishing City have exclusive company formation offer starting from AED 11,800. The investor can choose from a wide range of business activities and company formation packages.

4. Business Infrastructure

For establishing a company in UAE, the right business infrastructure is essential. Free Zones in UAE offer top-class business infrastructure facilities for entrepreneurs. Dubai Based Free Zones have a wide choice for customized office spaces with 11 sq. m, 20 Sq. m, 50 sq. m offices, warehouses from 100 sq. m to 300 sq. m.

Also, there are other amenities such as large meeting halls, conference rooms, training sessions, and more on offer from Dubai-based Free Zones.

Similarly, for industrial and Commercial warehouses, land lease, and factory setup, the industrial areas and free zones in the northern emirates like Sharjah, Ajman, Ras Al Khaimah are the ideal choices.

Hence, in choosing the right Emirate for setting up the business, the above-stated parameters play a vital role in the decision making. Company Setup in UAE is a straightforward process with the Free Zones and Mainland offering easy and quick company formation process.

To know more about the Company Formation Process in UAE, connect with our team right away!

The post Which is the best Emirate in UAE for Company Formation? appeared first on AURION.

Driven by the demand for IT Services in UAE; start-ups and entrepreneurs are obtaining IT services company licenses to offer specialized IT Services for organizations in UAE.

The growth of IT related business attracts global investors to UAE. Especially with the pandemic, the demand for IT services in organizations has gone up tremendously.

To stay competitive in the digital world, IT services have a vital role to play. IT provides the perfect infrastructure and platforms for the organization to grow digitally.

How to Open an IT Services Company in UAE?

Opening an IT Services company in UAE is a straightforward process. There are ample choices for entrepreneurs in UAE to start an IT-based business.

To keep the business setup cost low, the Free Zones in UAE are the ideal choice. They offer world-class facilities and amenities along with an IT Service license all at an affordable business setup package with visa quotas to hire employees.

An expert Business Consultant will assist you in the process of obtaining an IT service license, and UAE residence visa application submission. They will ensure you have a seamless business setup and continued business operations by getting all the paperwork and clearance approved.

Steps in Setting Up an IT Services Company in UAE?

To establish an IT Services Company in UAE, the first step is to get the trade name approval. A suitable name must be registered for the company with the respective Free Zone authority. Following are the steps involved in setting up an IT Services Company in the UAE.

• Choose the right business activities and the company structure depending on the number of shareholders. Prepare the shareholder agreement and memorandum of association with the respective Free Zone.
• Submit the required documents to the Free Zone authority and pay the required business license fee.
• Choose the right office space for your IT business based on the budget. Get the tenancy contract for the office space from the free zone.
• Proceed to obtain the investor visa and get it stamped on the passport. Now you can legally start business operations from the newly registered IT company.

Top Free Zones in UAE offering IT Services License

The Free Zones in UAE offer exclusive discount offers for investors aiming to establish an IT business in UAE.

There are few Free Zones offering the perfect infrastructure and business support services for entrepreneurs to start their IT Services business in UAE.

1. Dubai Airport Free Zone

Dubai Airport Free Zone is one of the premium choices for every entrepreneur in Dubai. Get the prestigious Dubai Address and set up your company in the top-rated Free Zone in the world.

Situated adjacent to the Dubai International Airport, it is a perfect choice for IT service companies to invite and conduct meetings with clients who are always on the go.

The Free Zone offers attractive business setup packages with a shared office, Flexi Desk, executive office, etc., and business infrastructure that is conducive to IT services business.

2. Dubai Technology Entrepreneur Centre

The Dubai Technology Entrepreneur Centre is a perfect Launchpad for IT services companies, start-ups, freelancers, and entrepreneurs to start any IT-related business ventures.

DTEC offers ample business infrastructure such as a testing laboratory, meeting rooms, conference rooms, cafes, office spaces, business support services, and more.

This free zone has a well-built ecosystem to support IT companies’ growth and expansion of the business communities.

There are a host of business activities under the IT service license in DTEC that investors can venture into at affordable business setup fees.

To know more, read: Start a Company in DTEC

3. Dubai Silicon Oasis IFZA

Dubai Silicon Oasis IFZA is another popular Free Zone for IT Services in Dubai. The Free Zone has dedicated amenities for supporting IT Service companies and entrepreneurs to test the software products.

Also, it provides access to start-up accelerators where entrepreneurs can secure funding for their projects subject to approvals.

There is a robust IT start-up community growing in the IFZA Free Zone. IFZA offers one of the low-cost Business Setup Packages for IT Companies in Dubai.

There are a variety of Office spaces available ranging from shared desks to fully furnished offices, and other facilities to support IT Service businesses to easily grow in the region and beyond.

4. Sharjah Media City

Sharjah Media City is a dynamic Free Zone in the Emirate of Sharjah offering a wide range of business license types for IT Companies.

IT Services are one of the most sought-after business activities among start-ups to meet the growing demand from organizations in the UAE.

Sharjah Media City provides office facilities, conference halls, meeting rooms, shared work areas, etc., for IT start-ups to easily scale up their business at lower business setup fees.

Contact us now to get an IT Services business License in Sharjah Media City Free Zone.

5. Sharjah Publishing City

The Sharjah Publishing City is the newest Free Zone in Sharjah. Located near the Sheikh Mohammed Bin Zayed Road, and near the Sharjah International Airport, the Free Zone is a perfect choice for start-ups and entrepreneurs to easily start an IT company at the lowest setup cost.

The highlight of the Free Zone is the Dual License issued for the investors and getting the investor visa stamped to the passport in the shortest time. Dual License allows Free Zone companies to expand beyond the Free Zones and strengthen their presence in the mainland of UAE.

Hence, for start-ups and investors looking for an easy IT business setup in a hassle-free way and obtaining an investor visa at the earliest; SPC Free Zone is the right choice.

To know more about the procedures of opening an IT Service Company in UAE or a Software Development Company in Dubai, talk to our expert Business Consultants right away!

Contact Us: Aurion Business Consultants

The post IT Company License in UAE – How to Start an IT Services Company in UAE? appeared first on AURION.