The Evolution of Software as a Service (SaaS)

The rise of Software-as-a-Service (SaaS) has made an impact on the entire IT industry. Though it has been around for a while now, the past few years have seen meteoric growth in this sector. The pandemic is one of the major contributing factors to it. The transition to cloud-based services is cost effective and saves time. Therefore, SaaS has proved to become a valuable replacement for the traditional in-house IT services.

How to start a software company in Dubai?

The 2022 IMD World Digital Competitiveness Ranking report shows Dubai as the most competitive country in the Arab world and in the top 12 globally among the most highly competitive economies. Therefore, the UAE government has put in a simple process to help entrepreneurs easily start a software company in Dubai. You can do so by following these steps:

Choosing the jurisdiction

Dubai and the UAE offer business setup options in the mainland as well as several industry specific free zones across the Emirate. Depending on the nature of your business and the specific software activities, you can choose in which location you can set up your company. Additionally, there are several freezones such as Dubai Internet City, Dubai Silicon Oasis, Dubai Knowledge Park, and Dubai Media City that specifically cater to the software and IT industry.

Trade Name Registration

You need to register a legal trade name for your software company in Dubai. There are certain rules in place that entrepreneurs will need to follow. Company formation experts like Shuraa will help you be compliant with the rules and regulations set by the Department of Economic Development in Dubai. Avoid offensive/targeted/insulting language in your trade name.

Legal Type of the Company

The license you apply for is dependent on the activities you choose to conduct in your organisation. Again, the DED (Department of Economic Development) will administer the software company license in Dubai. Getting a professional license in Dubai allows for 100% business ownership as well as sole proprietorship. Investors can also opt for an LLC license depending on their need.

Visa Application

Business owners in Dubai need an investor visa which allows residency in the Emirates. The visa application can be done easily with experts like Shuraa Business Setup at your service. Dealing with the correct government agencies, getting your documentation in order, getting your medical test conducted, Shuraa takes care of all the processes you need to get your visa process going.