ict business

As one of the largest business hubs in the world, the UAE is an incredibly attractive market offering numerous incentives and benefits for businesses operating in the country. The UAE’s government has adopted an extremely proactive approach to business, offering attractive tax incentives for international companies. ict business

The UAE has identified the ICT sector as a key industry for the nation and has shown its intent on developing the sector with a combination of UAE Vision 2021, Smart Dubai 2021, and Abu Dhabi Economic Vision 2030.

ict business

Why Set up an ICT Business in the UAE?

• The digital world of the UAE has completely reshaped over the last two decades. By developing a favorable atmosphere for emerging technology through infrastructure and policies, the UAE has now developed into the most digitally friendly nation in the Middle East. By encouraging innovators, the country has also played a prominent role in the development of emerging digital technology.
• The UAE Is the first country in the Middle East and fourth globally to launch its 5G network. The current 5G coverage in the country has reached 80% of the UAE’s main cities, such as Dubai and Abu Dhabi, with Expo 2020 venues serving as test sites for the network. With the UAE being at the forefront of technological advances and given its strong GDP per capita, demand for 5G services is predicted to be strong over the next five years.
• Cyber law in the UAE has taken decisive and effective steps to counter the threat of cyber criminals and cyber threats. Specifically, the UAE has established a wider and more robust regulatory structure for cybercrime regulations. While the UAE has robust cybercrime regulations, the extraordinary pace of technological advances in the country has made individuals and companies lucrative targets. The UAE now has the responsibility of boosting its legal efforts to deter potential cyber security threats.

.

Some of the activities that an ICT license covers:

• Managed Cyber Security Services Provider, Data Classification & Analysis Services.
• Online Gaming Services, Therapeutic Services Brokerage Via Electronic Media.
• Computer Systems & Communication Equipment Software Design.
• Electronic Chips Programming, Web-Design, and Internet Content Provider.
• Education & Training Computer Software, Social Media Applications Development & Management.
• Cyber Security Architecture, Marketing Services Via Social Media and Data Entry Services.
• Cyber Risk Management Services, IT Infrastructure, Portal, and Internet Services.
• Electronic Management, Electronic Directory Cloud Service & Datacentres Providers.
• Blogging Services, Information Technology Network Services, Datacenter Colocation Services.
• Computer Systems Housing Services, Auditing, Reviewing &Testing Cyber Risks
• And much much more…

.

Where is the right place for you to set up an ICT company in the UAE?

Mainland or Free Zone?

UAE Mainland: Also known as an ONSHORE COMPANY which means the business is able to work throughout the UAE emirates which are Abu Dhabi, Dubai, Ajman, Fujairah, Ras al Khaimah, Sharjah, and Umm al Quwain, reaching the local and international markets, as well as operating across all UAE free zones without any limitations.

There are 3 main structures available to new businesses who are setting up their company on the mainland. Each of these has different procedures to set up the company

• LLC – Limited Liability Company
• Sole Establishment – sole owner, unlimited liability, 100% foreign shareholder
• Civil Company – partnership, unlimited liability 100% foreign shareholders

Setting up your business in the Mainland is perfect for businesses who want to have operations throughout the UAE local market, free zones, and internationally. Businesses operating out of the mainland have no restrictions on where they can sell their products or services.

Free Zone: There are over 60 free zones in UAE currently and this number continues to increase with new jurisdictions being launched regularly. A Free Zone license is cost-effective in terms of licensing. The limitation of this license is the restriction of only operating within the free zone and internationally.

Setting up your business in the Free Zone is perfect for businesses aiming at the international market and within the Free Zone.

Do you need more guidance and support to establish your business in UAE?

Sign up for our in-house Business Setup service and let our dedicated team take care of it!

Contact us today to book an appointment.

Sign up and get a callback

📧 hello@bizzmosis.com

☎️ +971 4 381 3934

📞 +971 52 979 8169FOLLOW our blog for the latest and most reliable updates on UAE licensing, visas, residency, and travel. As well as free detailed DIYs on how to have things done yourself and save time and costs!