The number of new software companies in the UAE has risen dramatically over the last decade. Software has become the engine room of pretty much any industry or sector you care to mention.
Perhaps you’re considering setting up as a software developer with a portfolio of apps. Or maybe you’re pitching your new technology company as a solution provider for big business. Whatever your specialism, there’s never been a better time to start a software company in the UAE.
This up-to-date guide shows you how to establish your company and presents some short case studies as food for thought, covering these areas:
The market for software companies in the UAE is huge, with businesses benefitting from the region’s diverse economy and its active investment in all facets of business. The region also offers expertise when you’re looking for tech staff, and there are many investors who could back great ideas such as yours.
The UAE welcomes entrepreneurs from across the globe, bringing countless potential software customers to your doorstep. The UAE free trade zones are the perfect launchpads for businesses, offering low setup and maintenance costs and fantastic digital infrastructure. The relatively low costs give new businesses a breathing space, allowing you to spend more time and money on marketing and selling your software.
This is a crucial detail for a new business facing its initial financial hurdles. Low costs mean that you reduce your risk of being overstretched at the outset, while your company establishes itself and invests in areas such as marketing, websites, hiring, and special introductory offers to make your software offering leap out from the competition.
Setting up a company in Umm Al Quwain Free Trade Zone is a very straightforward process. It takes as little as one day to incorporate a company in UAQ FTZ, and the application process involves minimal red tape.
Step 1: Select your company name for approval and state your intended activity and required licence type.
Step 2: Submit all required documents to the UAQ Free Trade Zone Authority. This will include your application form and a colour copy of your passport.
Step 3: Incorporation documents should be signed and submitted to the FTZA. These should be originals, not copies.
Step 4: Submit your payment as soon as the documentation has been approved.
Step 5: Receive your e-commerce licence and get ready for the launch.
The following items will be required when applying for your e-commerce licence:
There are many software and app success stories in the UAE. The following examples illustrate some of the subtly different approaches entrepreneurs have made to crack the market.
UAQFTZ is a UAE free trade zone, and despite its small size it offers unbeatable high-tech and modern infrastructure. Umm al Quwain is perfectly placed, being close to Dubai International Airport and with its own seaport.
When you establish your company here, you benefit from zero taxes, low living costs and excellent facilities. As a software company owner, you will also benefit from 100% company ownership, repatriation of all capital and profits, and no foreign exchange controls or currency restrictions.
Business setup in the UAE is simple, but setting up a company in UAQ Free Trade Zone takes simplicity to the next level. You don’t need capital proof, a bank letter, an audit report or a no objection certificate (NOC), and shareholders don’t have to be physically present when creating the company and applying for a licence.
Furthermore, the establishment card is free of charge, and you can keep your existing visa without having to apply for a specific Umm Al Quwain visa. Shareholders and employees alike can also sponsor their families.
The whole process of company incorporation in UAQ Free Trade Zone can be conducted remotely, and you will benefit from the region’s astonishingly low-cost approach to business. So, if you’re thinking of starting a software company in the UAE, your first move should be to contact UAQFTZ for a personalised quote. There’s an eager software and app market waiting for your services.