“Government of Dubai, will use its last paper transaction in 2021, said HH Sheikh Hamdan, Crown Prince of Dubai”. In simple words, Government of Dubai has plan to be paper free city by 2021. Government of Dubai aim to compile all data in one place will be known as “Digital Safe of Dubai Data.” This digital safe will facilitate public and private institutions and individuals, which will completely transform Dubai into Digital Dubai.
Investment if fintech in Middle East is growing so high within few years and this year it is expected to grow 270%. UAE is leading the in the region as it is first choice for startups & entrepreneurs for business as UAE offers lot of business support, services and giving high class business friendly environment to entrepreneurs. Because of Government of Dubai passion and love with technology and their projects like Smart Government and Smart City most of worlds leading IT Companies are coming to Dubai Free Zones to provide support and services.
In Dubai, Government already started this project and they have already installed free Wi-Fi Zones in more than 200 locations including malls, parks and beaches so people can easily access Information and other services. These two projects will make Dubai totally Digital and safer. Government will be more responsive and control the regular consumption of water and energy.
(Dubai Smart City Project in Display in GITEX 2017)
For Tech – Based entrepreneurs Government of Dubai is already doing lot of things to provide them world class facilities and high-class facilities and giving them environment to grow. Dubai already developed Silicon Oasis, Dubai Internet City and Dubai Outsource Zone to engage IT based companies in research and development for Industrial products. And rate of IT companies specially Software Houses, IT Services and eCommerce are growing so quickly in Dubai. Big companies such as Google, Microsoft, Cisco and Oracle office are already in these free zones. Presence of these companies in Dubai also attracting new startups and entrepreneurs in market. Let’s take an example of E-Commerce business, Dubai is expecting the growth of E-Commerce business $10 Billion till 2018. Online selling products in Dubai and across UAE is growing so quickly.
Government of Dubai Aim for Tech – Based Companies:
Dubai is very well known as Global city in the world and hub of business and transportation of passengers and goods. This is happening because of tech – based solutions which Government of Dubai is using and updating continuously. HH Sheikh Muhammad Bin Rashid Al Maktoum, Vice President & Prime Minister of UAE and ruler of Dubai said that Technology is playing the role of an enabler rather than a principal of goal. HH Sheikh Muhammad’s goal is to transform Dubai into Digital Dubai to make Dubai a happiest place & city on Earth and to make the things more easy and efficient for consumers.Government of Dubai aim to provide these facilities by 2021.
- A smart, liveable and safe digital Dubai
- Connected& more responsive Dubai Government
- Globally competitive economy through technology
- A connected city with ease of access of social & government services
- Smooth transportation system controlled by technology
- Provide more facilities and services to Tech – Based companies and entrepreneurs
- Creating a human friendly environment by using cutting edge solutions of IT products
Setting Up Tech – Based Company:
Dubai is a small world with everything and becoming most advance city day by day because Government of Dubai is continuously deploying the technology for economy development and to make people of Dubai more secure, happy and satisfied. That is why lot of IT Software House, Network Companies and other Techpreneurs are investing in Dubai.
(IT Companies, Techpreneurs and Investors in GITEX 2017, Dubai)
Dubai and UAE free zones a providing high class services and lot of benefits to SMEs, Startup and Entrepreneurs to invest in Technology based companies. List of few low cost and good free zones for startups and SMEs are:
- Ajman Free Zone
- SHAMS Free Zone
- Silicon Oasis
- Dubai Internet City
Benefits of Free Zone Company for Tech – Based Company:
- 100% foreign ownership
- 100% repartition of funds and profit
- 0% personal & income tax
- Easy access to Corporate / Global and Local bank accounts
- No paid-up capital required
- Easy access to UAE economy
- Work in any emirates with no restrictions
- Investor visa for three years and sponsor your family as well
- No utility bills
- 24/7 office access
- No restrictions on hiring of foreign employees
Main Tech – Based Companies Activities:
- E-Commerce
- IT Consultancy
- Software House
- Networking Services
- IT Equipment Sales
- IT Trading
And many more according to your business plan.
Documents Required:
To setup a Tech – Based company in Dubai or UAE following documents are required:- Owner / Partner passport copy
- Owner / Partner visa copy (if already a UAE resident)
- Owner / Partner visit visa copy (if new to UAE)
- Owner / Partner passport size photograph (white Background)
- Three proposed business names
- Business plan
- Power of attorney in the name Easy Step Consultancy to incorporation of Business (if required)
Freelance Tech – Based Visa:
This option is for that who do not want to setup a proper company and want to work as a Freelancer in the field of IT. Cost of freelance visa is 16,900 AED and he / she have to provide following documents:- Passport copy
- Visa copy
- Passport size photograph
- Graduate Degree in relevant field (verified & attested by HEC, Foreign Office & UAE Embassy in relevant country)
- Activity Plan
Easy Step Consultancy:
To setup your Tech – Based company in UAE or more business options or to setup Free Zone, Mainland (LLC) and Offshore business in UAE, simply contact with one of Easy Step Consultancy business adviser at +971-56-748-8704 or for live chat visit www.easystep.ae