Advantages of starting your software company in Dubai. ✔️ Low tax rate ✔️ Availability of market ✔️ Ease of doing business ✔️ Many investors
Start Your Software Company In Dubai
The city of Dubai has transformed into an IT hub, owing to the numerous software companies establishing there. The city has witnessed massive growth in this industry for the last decade, with global players like Noon. Even start-ups have found a home in Dubai, making it the Silicon Valley of the Middle East. Dubai is a great business hub that accommodates new ideas in technology while also serving established firms. If you have the skill of designing apps for individual customers or companies, you will be surprised at the opportunities you can get in Dubai that can link you to the entire world.
Advantages of Launching a Software Company in Dubai
Dubai is a perfect destination for a technology start-up. Here are some of the benefits of setting up your new software company in the city:
Availability of Market for Software Market
This is the main advantage of starting your software company in Dubai. Ideally, if your software business aims to offer services to entertainment companies such as casinos, the demand for such services is high. All thanks to the shift of land-based casinos to the online sphere. Although location-based casinos are still the main tourist destination, visitors from the USA, Asia, and the UK prefer playing online. Online casinos require many skills to operate such as UX design which is vital to attracting new players or retaining current ones. In the space, it is not just operators but also comparison sites that provide gambling guides for UK players. Here, users will find recommendations for the best gambling UK sites, how to choose the best site, and step-by-step gambling guides. All these platforms will need your services to help develop their websites and fix any issues.
Very low tax rate
The United Arab Emirates (UAE) mainland is known for uniquely low tax rates. You will even save more if you launch the business in the Dubai free zone, which has a 0% income tax rate. Unlike other parts of the world, this city gives you a chance to grow your software company by reinvesting your profits.
Additionally, opening a company and running it is pretty easy in Dubai. There are minimal restrictions on who to recruit and how you manage your finances. The registering authorities issue approvals within a few days, saving you time and money during your initial stages.
Many skilled workers
A significant percentage of the population in Dubai consists of skilled workers. Here, you are highly likely to find experts in UX research, interface design, and many programming languages, among other abilities. You'll also find other skilled workers to help in management, branding, marketing, and sales.
Infrastructure and support
The success of a company relies on the infrastructure put in place. This will enable you to deliver services more efficiently. Dubai is one of the high-ranking modern cities of the world. By launching a software business here, you are guaranteed well-furnished office space, cloud server centers, and reliable internet connection. Being an industrial hub, your company will easily access compliance and legal services from partners across the city.
By venturing into Dubai, you will have accessibility to massive networks of venture capital firms and investors all looking for investments in software. For example, G7CR Technologies has invested over $1m in tech startups in the last quarter. All you need to do is grow your software company to attain great potential and also have a clear and attainable business plan.
Cost of Starting a Software Company in Dubai
Many factors come into play when starting a software company in Dubai; therefore, no single figure can reflect the cost. You can, however, come up with some rough estimates. For instance, starting a business in the free zone amounts to an initial cost of between 15,000 and 20,000 AED. Remember, there is a renewal fee that is charged annually. If you are two or more proprietors, this means you will require a bigger office space, and you can expect to pay a minimum start-up fee of 50,000 AED. You should also factor in other related costs including marketing charges, hardware, and utility costs.