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The UAE is transforming into a global hub of new-age technology businesses, giving rise to a burgeoning software market. As per the recent stats, the market is forecasted to grow at an annual growth rate (CAGR 2024-2029) of 5.25%, resulting in a market volume of S$2.48bn by 2029. The rising graph is actively inclining towards Dubai as the emirate is gradually transforming into the Silicon Valley of the Middle East. As a result, there is a surging demand for establishing software companies in Dubai. looking to start a software company in Dubai, driven by the emirate’s cutting-edge infrastructure, strategic location, and business-friendly policies.
Step by Step guide to start a software company in Dubai
Register a trade name
Choose your zone
If you are planning to establish your business in the Dubai free zone, you can take advantage of 0% income tax and can leverage full control over your business.
Pick your business structure.
Dubai offers diverse options to set up an entity in the region. For a streamlined company setup in Dubai, you can select a suitable corporate entity – sole proprietorship or limited liability company (LLC).
Submit your application
To complete your application, you need to apply for a business license with the relevant authorities. Prepare your documents and pay the application fee to ensure the process is completed without any hassle.
Prepare MOA
Prepare the Memorandum of Association that needs to be submitted to the authority. The document should outline your business plan, stakeholders’ information, their roles, responsibilities and stake in the company.
Corporate bank account
To begin with your business transactions, you need to open a corporate bank account. This will help you receive payments, manage finances and facilitate salaries to your team.
Documents required to obtain a license for Software Company in Dubai
Starting a company in the software industry requires compliance, out of which, a business license is one of the most crucial. The documents needed for the process include:
- Application form
- Memorandum of Association
- Passport copies of all stakeholders
- Address proof of all stakeholders
- Passport size photograph
- Business plan and office lease agreement
Once you have all the documents in place, you can kickstart your company setup process in a proficient and legally compliant manner.
Type of business license required
To start a software company in Dubai, the commercial license is the most common type of business license that’s required to engage in the business of software-related services. This includes (but is not limited to), software development, IT consulting, and tech-based integrations. In some cases, a professional license can also be required if you are involved in offering professional IT-based services.
To be efficient with the process, it is always advisable to consult a professional company formation company like A&A Associate and embark on a seamless business journey.
How A&A Associate can help to start a software company in Dubai
Starting a software company can be a game-changing decision, considering the growing IT landscape in the UAE. If you are planning to undertake a simpler approach, connect with A&A Associate, a leading business setup company based in the heart of the UAE.
Connect with our team of business professionals to take care of your setup processes and help you register your company in Dubai, allowing you to focus on business presence and growth.
