Dubai’s quest to become a global leader in technology is totally on a positive trajectory. Dubai being a cosmopolitan city is growing fast and is competing with the world. The Dubai EXPO 2020 which is now postponed to 2021 is touted to be a historic event to take place.
The Government has been taking time to time steps to enhance the growth of small ventures and new ventures for a longer period of time and keeping this in mind any start ups in Dubai will be sustainable and beneficial, if managed properly.
In this blog, we are talking about Tech Setup as this is one among the various activities that has seen a breakthrough in the growth of technology that is being used in different ways with its own advantages and benefits.
Scope Of Innovation And Research
Artificial intelligence has large potential to contribute to global economic activity. The Role of Artificial Intelligence their tools and techniques in business and global economy is the most hot topic and every person who is engaged in the field of technology is making their own research to improvise technology in many ways.
Ease Of Tax
With the introduction of the VAT in the year 2018 the Federal Tax Authority, has made many reforms in its tax policies to ensure that startup companies do not have to pay any taxes until the threshold limit is met.
Increase In Global Level Technical Events
The country is focusing on increasing the global technical events here in Dubai by giving an exposure to the tech firms from around the world to become a part of these events and exhibit their talents. These events are organized and Dubai has seen a rapid use of big innovations through the usage of latest technologies. Dubai is a regular host of the Gitex event, that sees thousands of people witness the latest in technology and provides a platform for companies to display their product.
Demand for Job Opportunities
Large no. of techies from all around the world are being employed to work in large no.’s in tech firms which relate to fields like artificial intelligence, machine learning, advancement of analytics and internet. The demand and supply for a tech job in Dubai is high, providing companies a competitive environment to hide suitable talents.
There is a hope that upcoming EXPO 2021 will provide a large boost to the Tech industry and with no surprise a large investment for this activity to make its own stand to exhibit the best it has.
This blog is written by Ms. Florine Das, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE . Feel free to call us for more info regarding setting up a tech startup in Dubai or anywhere across the UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.