How to Start a Software Development Company in Dubai Mainland?

Start a Software Development Company in Dubai Mainland

In recent years, Dubai has become the “Silicon Valley of the Middle East” due to the presence of significant companies and many small businesses giving custom software development services. This factor indicates that starting your Software Development company in Dubai Mainland may be an excellent thing if you are an expert in software development. Let us dive into an in-depth guide to start your software development business in Dubai Mainland.

Benefits of starting your software development company in Dubai Mainland

By considering starting your software development business in the Dubai Mainland, you will be prepared to get countless benefits while conducting your software development company. We have outlined the top benefits of starting your software development company in Dubai:  

1. Access to a large talent pool

We understand the need for skilled professionals when starting your software development business in the Dubai Mainland. This need can be fulfilled in the Dubai Mainland as it provides you with a large pool of skilled and educated people processing the required skills, like programming languages, interface design, and more around the globe. It makes it easier to find the right professionals required to grow your software development business.  

2. Business-friendly environment

You can enjoy a business-friendly environment by starting your software development company in Dubai Mainland. It is because Dubai encourages a business-friendly ecosystem with a bureaucratic process, ensuring a swift and hassle-free process of formation of software development company. You can easily operate and grow your software company in Dubai as it provides a secure, stable, and business-friendly environment with a well-established legal framework, the least consumption, and a welcoming ecosystem to foreign investors like you.  

3. Vast market protection

The United Arab Emirates (UAE) has a diverse economy, developing a significant market for software companies. With countless software businesses operating in Dubai, you can obtain ample opportunities to attract new customers looking for software products and services. In addition, the Dubai Mainland’s strategic location allows you to serve clients across Asia, Europe, and Africa because of favorable time zones.  

4.  Networking opportunities

Dubai’s dynamic and diverse economy also presents countless opportunities for collaboration and partnership. The city is a hub for many multinational companies, business owners, and innovators, offering you valuable networking opportunities to help your software business grow effectively.  

5. Tax benefits

By starting your software business in Dubai Mainland, you can enjoy extensive tax benefits as the UAE and Dubai have a very low Corporate Tax rate and no personal income tax. This benefit lets you maximize your company’s profits and reinvest in your software company’s growth.

Documents required for starting a software development company in Dubai Mainland

While starting your company, you should gather some documents. The following is the list of common documents you need to Open Software Development company in Dubai:  

• Three potential names for the company reservation.
• Lease Agreement of your Actual office or Virtual office
• Passport copy of shareholders or owner.
• Visa copy of your software development company’s owner or shareholder
• Business plan

  You might need a few other documents for starting your software development company in the Dubai Mainland based on other factors. Therefore, we recommend you consult Flyingcolour Business Setup to acquire the complete list of documents you need to start your company

Steps to Kick Start Your Software Development Company in the Dubai Mainland

There are many steps you need to follow However, the exact steps may differ based on your requirements. Still, you must take a look at the common steps to start your Software Development company in Dubai Mainland:  

➦ Choose and register your company name

Initially, you should choose a unique & attractive company name for your software company. Here, you should ensure your company’s name does not include any offensive element or any abbreviation.  

➦ Decide your business structure

After choosing your company’s name, you must select an appropriate legal or business structure for your software development company. Limited Liability Company (LLC), Sole Proprietorship, or Branch Office are some examples of the legal structures that you can choose.  

➦ Submit an application

Next, you should apply for a license of your software development company to the relevant authority, like the Ministry of Communication and Information Technology as well as the Department of Economic Development (DED). Remember, the DED or Department of Economic Development is the responsible government body for issuing all licenses for corporate businesses, like yours, looking to conduct their business in the Mainland of Dubai. Furthermore, you should pay the necessary fees and ensure all details are provided accurately at this step.  

➦ Register for VAT

Once submitting your application for the license of your software development company to the DED, you should move forward to the next step to register your company to the Value Added Tax (VAT). Remember, VAT registration is essential for your software development business as per the regulations.  

➦ Open your corporate bank account

After applying for Value Added Tax (VAT), you should open a local or corporate bank account in any reliable bank in the United Arab Emirates (UAE). This bank account is essential for managing your business’s transactions, receiving payments, and sending salaries to your employees.  

➦ Obtain additional approvals

You may required to obtain some extra approvals depending on the nature of your business activities from many government agencies in Mainland Dubai. Therefore, you must contact Flyingcolour Business Setup to know whether you want these approvals.  

How can Flyingcolour Business Setup help you?

Starting your Software Development company in Dubai Mainland can be a profitable thing you can do to earn enormous profits. However, you must follow a series of steps to start your company in Dubai. The steps that we mentioned above might seem easy, but you need expert guidance to setup your business in Dubai Mainland effectively. To learn more about Software Development company in Dubai Mainland, book a free consultation with one of the Flyingcolour team advisors. Please note that this article was published on  18/07/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.