The days for reliance on export of fossil fuels in UAE and other countries of Arabian Gulf have gone now. UAE is well aware about the fact that it has to change its economic stance completely for a better and prosperous future. The most importance step that the country took for this purpose is replacing its interests from oil & petrol based economy to knowledge based economy.
For this purpose, UAE has taken several measures. One among these is the introduction of latest technology in government departments and educational institutes. The serenity of the government of UAE is evident from few steps in near past including inclusion of world’s first robotic police officer, UAE’s mission to Mars and several others.
This new approach has open doors for several types of industries and sectors related to knowledge and latest technology. One sector that really benefitted in last few years is IT (Information Technology) sector. The situation is most favorable in the emirate of Dubai. Dubai has already been included among world’s top 3 smart cities. It is due to progress of latest technology like robots, drones, automated ports and cars in the emirate.
But the situation is not limited to Dubai alone. Other emirates are also making progress in this field as well and lucrative opportunities for IT companies are available in all emirates of UAE. Another important step by UAE government that is directly affecting progress of IT and other education field in the country is 10-year residential visa for professionals of various fields. Mostly, professionals of different scientific fields are preferred.
Like most of other businesses, IT firms can also setup their business either in UAE mainland or in most of the several free zones in all the emirates of UAE. Most of these free zones are in Dubai and it also hosts few free zones specifically for IT and related companies. Dubai Internet City, hub of IT in UAE, and Dubai Outsource City are perfect examples for free zones in UAE that provide exclusive opportunities for IT companies. Apart from that, opportunities are available in other free zones of all emirates (Dubai Science Park, FCC etc.) also because IT is now regarded as basic business activity.
Therefore, you are free to setup your company either in UAE mainland or one of 45 free zones in all the emirates of UAE. The process of setting up your business in either of these areas is slightly different. It is because different free zones have their own rules and they have their own authorities that allow (or reject in specific cases) the establishment of IT company.
In case of onshore company formation, IT firms are required to register with related authorities in their respective emirate where they want to establish their IT company. Mainly, there are two types of licenses available for setting up company in UAE mainland.
- Professional license is available for those that create different types of IT programs (software and others)
- Acquiring commercial license will allow companies to sell their products
If you are an IT firm and want to establish your business either in mainland or any of the 45 free zones in all the emirates of UAE, then the best option you have is to contact Riz & Mona Consultancy. We are a UAE-based consultancy firms that have years of experience for establishment of various IT companies and other businesses in several areas of UAE. You can contact us by either dialing to WhatsApp # 971-56-9971225 or through our email address info@rizmona.com.
