Perks of Setting Up a Tech Startup in Dubai

Perks of Setting Up a Tech Startup in Dubai

Perks of Setting Up a Tech Startup in Dubai

Dubai is unquestionably the world’s preeminent and leading technology hub! The UAE is one of the first countries in the world that embraces all the new and upcoming technological advancements and innovations. Because of this, the country for the third time in a row claimed the title of having the highest Fibre To The Home (FTTH) penetration. This high-level network has allowed the country to bring futuristic, innovative technologies to its citizens easily. The country is now deemed as a double threat as not only a technology hub but also a Digital hub for innovation as well.

Due to its recent breakthroughs in technology and innovation, the region has grabbed the attention of a lot of foreign investors, entrepreneurs, and business incubators. Most of the organizations based in the country are tech startups that are in their initial incubation stage. These startups have become one of the primary influencers and chief contributor to the economic increase of Dubai. The country has achieved the number one spot globally for budding tech entrepreneurs. It has landed this position by beating the technological giants such as Singapore, China, Hong Kong, Japan, and South Korea.

In light of the UAE’s popularity in the tech sector, the government has now placed new policies and reformed its previously formed policies to meet the business demands and wants of these SMEs. The idea after this shift in plans is to accommodate as many new business setups as it is physically possible. These reforms are continuously promoting startup culture by offering essential services available at increasingly reduced costs. With a host of services and assistance, starting a tech enterprise is both a sustainable and beneficial exercise. Are you excited to step into the world of startups and be the master of your own destiny? Let’s have a peek at the benefits of setting up a tech startup in the prosperous city of Dubai!

Availability of Capital 

The primary pain point of each startup is perpetual access to funding and they have a lot of free capital at their disposal. Dubai is an inherent and profitable ground for business investors and entrepreneurs coming from all walks of life and coming in from all the corners of the world. Over several years, the governing bodies of Dubai have worked tirelessly to make the city as well as the entire emirate an investor-friendly destination. Thus, it is one of the chief reasons that encourages and lures in tech entrepreneurs to set up their business in Dubai.

Seed funding for tech startups is easily accessible and quickly, and entrepreneurs can then undividedly focus on achieving their business goals without having to agonize about the tedious financial aspects of business setup. With a steady inflow of capital, it is more manageable for startups to flourish in the competitive business environment. 

Excellent and Superior Infrastructure

Dubai is recognized for its superior infrastructural advancements. Much of the infrastructure of the city is highly efficient and skilled in the operation and maintained routinely. Startups can use free trade zones as their base of services, which give great working spaces at exceptionally reduced rates. The state of the art office spaces are readily available with world-class conveniences and facilities. There are various developmental projects planned that will further improve the existing infrastructure and improve the living standards of its citizens. 

Tax Benefits

During company formation in Dubai, it is mandatory to comply with tax policies that are mandated by the regulatory authorities. Hefty taxation can be lifted, particularly when you have a limited budget. Considering these constituents into evidence, the Dubai government has levied its tax policies to readjust and revise the business needs of Startups according to the new requirements. It has launched several improvements that assist in tax saving and exemptions efforts of the business setups in Dubai. Also, the whole process has become more comfortable for digital platforms. 

The New Innovation and Research Center

Dubai is speedily progressing towards technical advancements. The government and private organizations and other concerning regulatory bodies are more focused on developing technologies such as blockchain, robotics, artificial intelligence, cognitive technology, virtual reality, augmented reality, deep technology, database, and quantum computing. This is glorious news for tech startups, as there will be improved business and investment opportunities for innovations in Dubai. Companies can also avail sources that will assist them in doing extensive research.

The Dubai Expo 2020 is the most-awaited event of the year that will draw together small to medium-sized entrepreneurs and more giant corporations to strive collectively to attain shape a more desirable future where all of these businesses flourish. Tech startups will be at the forefront of developmental projects, and this healthy competition can reap incredible benefits for sustainable growth. 

The New Innovation and Research Center

Dubai is speedily progressing towards technical advancements. The government and private organizations and other concerning regulatory bodies are more focused on developing technologies such as blockchain, robotics, artificial intelligence, cognitive technology, virtual reality, augmented reality, deep technology, database, and quantum computing. This is glorious news for tech startups, as there will be improved business and investment opportunities for innovations. Companies can also avail sources that will assist them in doing extensive research.

The Dubai Expo 2020 is the most-awaited event of the year that will draw together small to medium-sized entrepreneurs and more giant corporations to strive collectively to attain a more desirable future where all of these businesses flourish. Tech startups will be at the forefront of developmental projects, and this healthy competition can reap incredible benefits for sustainable growth. 

Need Help in Getting Business Setup Services in Dubai?

The principal obstacle, while setting up a business, is to work through the whole legal process and conditions. However, that can become infinitely more manageable by enlisting the help of experienced business setup consultants that will provide you top-notch business setup services in Dubai. Many platforms offer support in company formation.

Here at KWS Middle East, we assist entrepreneurs with all the services, particularly company registration, local sponsoring, legal advisory, tax discussion, intellectual property protection, and much more. 

Contact us today to make your dream into a reality!

Share this post


Get Free Consultation Now!