A recent report published by the Dubai Chamber of Commerce predicted that sales in the UAE IT sector would reach AED 22 billion by 2019. According to the analysis based on Business Monitor International, the software and IT services segments will register excellent growth while the hardware sector will see only marginal progress. These figures indicate that IT companies in the UAE are set to enjoy a period of fast-track growth aided by government support.
So if you’re an IT business person, now is a great time to get a slice of the pie by forming a company in the UAE, especially Dubai. The Dubai Airport Free Zone Authority (D.A.F.Z.A.) is a particularly attractive destination for free zone company setup in Dubai. D.A.F.Z.A. ranks as one of the world’s best economic areas thanks to their quality infrastructure and services.
You can establish your company with D.A.F.Z.A. in just three steps.
1. Acquire a license
It is necessary to acquire a permit to conduct business activities in D.A.F.Z.A. Investors can choose from two types of licenses according to the business requirements:
- Trade license: For import, export, distribution, and storage of specific products.
- Service license: For service providers and professionals.
2. Choose the type of company
You can choose different options according to their benefits and criteria. The first option is to register as a Free Zone Company, which requires a minimum of one shareholder and a minimum capital of AED 1000. The second option is to register as the branch of an existing foreign company, which requires no minimum capital.
3. Lease an office
DAFZA offers an array of offices and light industrial units located in their Business Park. Each type of unit is sold as a rental package to meet your space and budgetary requirements.
Aside from the chance to be a part of a bullish economy, Dubai is a prime location for office setup due to its incredible logistical convenience. Located at a crossroads between the major markets of Asia, Africa, and Europe, the city is positioned to be a strategic gateway into the emerging markets of the Middle East and Central Asia. Reap the benefits of being a part of a major global business hub. Contact a company formations expert to guide you through the formalities of setting up a company in Dubai.