Authorities also welcome the establishment of start-ups and therefore offer enticing incentives to investors and entrepreneurs interested in starting their businesses in Dubai. The authorities' continued efforts to discourage dependence solely on revenue streams from the oil and gas industry in the region and especially subsequently shift economic priority to entrepreneurs have allowed these opportunities. Furthermore, the rise of an electronic and online era globally suggests that beginning an app development firm in Dubai at this time would be optimal.
Establishing a new business in Dubai is a breeze, thanks to the Company Setup specialists who can initiate your app development company without any hassle. If it's your first venture, availing professional guidance to establish it would be prudent. Any errors while setting up could lead to costly delays, and it's beneficial if you prefer relying upon the Company Setup experts to handle it accurately. Focus on following the directives provided below to set up your app development firm in Dubai
1. Establish Your Company Structure
Begin by selecting the optimal company structure for your app development venture. This decision will shape your company's legal framework, dictating the rules and regulations you'll abide by. Approach this choice thoughtfully and with due consideration.
2. Register Your Trade Name
To operate your app development company in Dubai, you must register a unique trading name. This entails choosing a distinctive trademark name and logo that hasn't already been registered in the city. While the name you choose might be used in other countries, ensure its availability within the UAE's jurisdiction.
3.Secure Initial Approval
Initiate the registration process with the Department of Economic Development in Dubai (DED). This involves completing an application form and obtaining preliminary approval from the department before proceeding.
4. Arrange Office Space
Upon receiving initial approval from the DED, proceed to secure office space for your app development company in Dubai. If telecommuting is feasible for your team, consider opting for a virtual office setup.
5. Obtain Necessary External Approvals
Following the completion of the previous steps, acquire any required external approvals. With these approvals in hand, compile all official documentation and submit it, along with the requisite fees, to the DED.
6. Facilitate Visa Procurement
Once the business trade license is issued by the DED, you can begin the process of obtaining visas. These visas can cover your immediate family members, a domestic workers, and allow you to sponsor your employees' visas.
7. Initiate Corporate Bank Account Setup
Conclude your administrative journey by opening a corporate bank account tailored to your app development company's needs in Dubai. It's advisable to establish contact with the chosen financial institution well in advance of the account opening process.
Before starting an app development business in Dubai, it is crucial to take into account several expenses. The cost of establishing a company in Dubai typically ranges from AED 15,000 to AED 25,000, contingent on the essential licenses and visas. Besides, as a business owner, you must account for expenses related to setting up the workspace and purchasing the essential equipment needed for this industry to operate.
Dubai is presently catering ample advantages to new businesses, specifically in the tech industry. These benefits will persist long-term even after company formation in Dubai. While there are general benefits for all businesses, an app development company also gets tailor-made benefits. Therefore, Dubai has become an opportune destination for starting an app development business.
1.Tax Benefits
One of the most appealing advantages of launching a business in Dubai lies in its favorable tax regulations. Enterprises enjoy complete exemption from both corporate and personal taxes. This extends to the app development company and its workforce, granting them immunity from tax obligations on their incomes.
2. Repatriation of Capital and Profits
Dubai offers unrestricted repatriation of both capital and profits, standing at an impressive 100%. As the proprietor of the app development company, you're free to channel your earnings back to your home country. Additionally, in the event of business liquidation, transferring your capital back to your home country remains a feasible option.
3. Streamlined Company Formation
Dubai's business setup process is remarkably streamlined, facilitating the establishment of new enterprises. The presence of Company Setup experts further simplifies this process. Engaging professionals enables the effortless establishment of your app development company in Dubai.
4. Robust Infrastructure
Dubai boasts unparalleled infrastructure on a global scale, providing an optimal environment for fledgling businesses to thrive. App development firms benefit from access to cutting-edge technology essential for their operations.
5. Global Talent Pool
Tailored to your office's size, sponsorship of visas for employees enables them to relocate and contribute to your Dubai-based operations. This framework transforms the entire world into your talent reservoir. You can recruit the most suitable candidates from any corner of the globe, inviting them to work in Dubai.
6. Lucrative Market
Foremost, Dubai presents an ideal marketplace for app development enterprises. In reality, the global population serves as the main audience for such organizations. This cosmopolitan city empowers app development businesses to flourish unbounded by geographical constraints.
To initiate an app development business in the UAE, gather key documents including trade name reservation, initial approval application, memorandum of association, tenancy contract, license application, shareholder agreements, passport copies, visa applications, NOCs if applicable, and corporate bank account documents. Professional guidance can streamline the process and ensure compliance.
If you want to start your app development company in Dubai quickly without any hiccups, then you are in the right place. Company Setup experts have years of experience starting companies in the UAE. Contact us today and hit the ground running.
