The significance of cybersecurity companies in the UAE is on the rise, paralleling the country's high internet penetration rate of over 91%. This surge in internet usage is fueling the growth of the digital economy, marked by advancements like cloud technology, the Internet of Things (IoT), and smart cities.
As cyberspace continues to integrate into daily life, social interactions, and economic activities, the threat of cyber-attacks is growing in complexity and prominence. The UAE has taken a strong stance against online privacy violations and unauthorized recording or photography, classifying them as criminal offenses punishable by law under Federal Law No. 5 of 201.
Globally, the cybersecurity sector is currently valued at approximately USD 208 billion. Meanwhile, the UAE is steadily establishing itself as a prominent tech hub, commanding a 35% share of the regional market and poised to reach a value of USD 85 billion by 2024. The UAE's international reputation, strategic location, tax advantages, and supportive business environment collectively position it as an alluring destination for cybersecurity companies to establish their operations.
If you possess the expertise and experience to establish a cyber security consultancy or training venture, launching it in Dubai offers significant advantages:
To obtain a cyber security business license in Dubai, the initial step is to choose your specific business activity. The government offers a range of licenses tailored to various aspects of cyber security startups some of which are including:
Starting your own Cybersecurity company business in Dubai, UAE involves a series of essential steps:
In Dubai, there are Mainland and Free Zone companies. Mainland firms require 51% UAE ownership but allow government business. Free Zone companies offer 100% foreign ownership and cost-effective setup. Our experts at Smart Zones® UAE can help you choose the right option for your business.
Selecting the right legal structure is crucial when establishing a business in Dubai. It sets the groundwork for managing finances, organizing assets, and obtaining a business license. Dubai offers several business structures, including:
Your company's name is crucial in legal matters. It should ideally reflect your business's essence, and it's important to follow strict naming regulations in the United Arab Emirates. Using offensive or derogatory words in company names is prohibited by law.
To obtain your Dubai UAE cyber security business license, you must submit your application, furnish required documents, and ensure payment of the necessary fees.
After your license is approved, the last step is to set up a business bank account for seamless transactions. Get in touch with Smart Zones® UAE today for expert advice on opening your business bank account.
You can apply for visas for your employees and family members at the same time as your own application. Assuming all the information is accurate, the process consists of four steps: obtaining an entry permit, changing your status, undergoing a medical examination, and obtaining your Emirates ID and visa stamp.
Looking for a seamless business setup experience? Trust Smart Zones® Dubai to pave the way.
You will be required to provide certain fundamental documents, which include:
The cost of establishing a cybersecurity company varies, influenced by factors such as licensing, visas, staffing, insurance, and office location. In Dubai, a cybersecurity license typically ranges from AED 12,000 to AED 30,000. For a precise quote, reach out to Smart Zones® UAE, and we'll provide a customized estimate based on your specific needs.
Dubai offers a supportive ecosystem for cybersecurity businesses with 100% foreign ownership, 0% corporate tax, growing demand for cybersecurity solutions, and government support.
Benefits include high demand for cybersecurity services, favorable taxation with 0% corporate tax in free zones, engaging projects with large businesses, government support, and access to a thriving technology ecosystem.
Dubai offers licenses for various cybersecurity activities, including consulting firms, encryption software trading, cyber risk management services, penetration testing firms, cybersecurity training providers, IoT security, and network security.
Key steps include choosing the right jurisdiction, selecting the appropriate legal structure, choosing a trade name, completing the business license application, opening a business bank account, and processing visas.
Required documents typically include an attested Memorandum of Association, a passport photocopy, a No Objection Certificate (if applicable), a certified tenancy contract, an application form, and a copy of your Emirates ID.
The cost varies but generally ranges from AED 12,000 to AED 30,000, depending on factors like licensing, visas, staffing, insurance, and office location. For a precise quote, consult with experts like Smart Zones® UAE.