With the advent of new technology and the escalating cyber threats faced by businesses and individuals, the cyber security market in the United Arab Emirates is witnessing rapid growth. Moreover, the rising necessity to safeguard sensitive data and documents from advanced menaces like malware and ransomware will contribute to the market’s continuous expansion in the forthcoming years. Cyber Security Business in Dubai also going very popular now a days.
By the year 2024, the United Arab Emirates anticipates becoming the preeminent technology hub in the region, commanding a substantial 35% share of the regional market and generating an impressive USD 85 billion in revenue. Hence, if you are contemplating the establishment of a cyber security business, choosing the UAE as your base is indeed an outstanding decision.
There is no denying the immense growth potential of the cyber security industry in Dubai. However, achieving success in this field entails a meticulous and time-intensive process. If you aspire to establish a cyber security enterprise, consider the subsequent guidelines:
The name of your company holds significant importance in the legal proceedings. Unless your company is a subsidiary, it is advisable for the name to reflect the essence of your business. It is crucial to strictly adhere to the naming regulations set forth in the United Arab Emirates. Usage of offensive or derogatory terms related to any religion is strictly prohibited by law.
Selecting an appropriate legal structure is paramount when establishing a business in Dubai. It serves as the foundation for managing profits, losses, and organizing assets and resources. Without defining the legal structure of your company, you cannot proceed with the application for a business license. The following are some of the available legal forms or business structures for registration in Dubai:
The process of establishing a company and obtaining a license occurs concurrently. However, the paperwork and approval process involve multiple stages. Whether you choose to utilize a business formation agency like MARKEF or handle the application yourself, the following documents are essential for setting up your company:
If you have any queries regarding the prerequisites, feel free to contact one of MARKEF’s business setup managers. They will ensure that your company is set up swiftly and in full compliance with the regulations.
Now, moving on to the final stage of establishing a company in Dubai. Concurrently with your visa application, you can also submit visa applications for your employees and family members. Assuming that all the information provided is accurate, the visa application procedure is divided into four stages: