In Dubai’s thriving tech sector, registering an IT company involves a minimum capital requirement of AED 500,000, covering setup costs such as registration fees, licensing, and office space.
The actual expenses can vary based on factors like team size, services offered, and office location.
For instance, XYZ Tech, a startup that began with an AED 600,000 investment, has grown to employ over 50 professionals and secured contracts with global clients, demonstrating the potential returns in Dubai’s tech sector.
Renowned tech entrepreneur John Doe affirms the attractive business environment for IT companies in Dubai, stating that the cost of setting up is reasonable compared to other global tech hubs.
Licensing and registration fees range from AED 15,000 to AED 25,000, office space costs between AED 30,000 to AED 60,000 per year (depending on location and size), and a skilled IT professional’s wage starts at AED 4,000 per month.
FAQs: The minimum capital requirement is AED 500,000, and office space costs range from AED 30,000 to AED 60,000 per year.
With its strategic location, robust infrastructure, and supportive business environment, Dubai offers a promising landscape for IT companies. Despite the seemingly high setup cost, the potential returns make it a worthwhile investment for those ready to embark on their tech journey in Dubai.