More and more of our lives actually take place on the internet. We’re rapidly adopting an internet-based economy. Your data is pretty much vulnerable on the internet – unless it is protected by a cyber security business. These companies protect computer systems, networks, and data against cyberattacks and unauthorised access. We’ll help you learn everything you need to know about how to get a cyber security license to open a cyber security business in Dubai.
Dubai is one of the world’s leading destinations for investors and entrepreneurs. It boasts an internationally-renowned reputation for tech, an East-meets-West geographic location, a zero-percent tax environment, and progressive business-friendly laws and regulations.
So, let’s start right away. In this article, we’ll look at:
- Benefits of starting a cyber security business in Dubai
- Cost of opening a cyber security company in Dubai
- Steps to start a cyber security business in Dubai
- Working with Trade License Zone
Benefits of starting a cyber security business in Dubai
Over 90% of the United Arab Emirates (UAE) population has access to the internet. Online businesses have mushroomed across Dubai – and the Middle East – since before COVID-19 but with a much sharper increase in adoption since the pandemic struck across the world.
Dubai has been advocating the rise of the Fourth Industrial Revolution (4IR) for a future washed in the ‘Internet of Things’ for greater convenience, performance, and efficiency across industries.
With the steep rise in the popularity of internet access comes the rise in malicious attacks on personal computers, business systems, and corporate networks. There are thousands and thousands of electronic documents and information stored in cloud systems and in networks that hold personal and financial information. These are vulnerable to cyberattacks.
The UAE’s Federal Law No. 5 of 2012 ruled that utilising the internet to invade the privacy of people – through electronic data breaches – is a criminal offence punishable by law.
For entrepreneurs and investors, Dubai’s demand for cyber security businesses and services grows almost daily. These companies – including government agencies – require vault-like cyber security to protect the data and information of people.
Partnering with Trade License Zone will help your business plan evolve into a successful cyber security company. By making use of our business formation and consultancy services, you can concentrate on developing your business’s services, marketing, and staff solutions.
Cost of opening a cyber security company in Dubai
To calculate the precise cost of opening a cyber security company in Dubai is difficult. The costs of a cyber security license vary depending on the business activities and company structure, as well as the number of employees.
If you’d like an accurate quote, contact our team at Trade License Zone to help you.
Steps to start a cyber security business in Dubai
The UAE’s forward-thinking business laws are devised to regulate and support economic growth. All companies need to adhere to specific regulations for business setup, structure, company naming, business activities, and more. In this section, we will give you the steps to start a cyber security business in Dubai.
Step #1: Partner with Trade License Zone
The first step in starting your own cyber security company is to partner with Trade License Zone. By choosing the right legal structure and business activity, you can apply for a relevant trade license for maximum benefits and local government support.
Our specialists at Trade License Zone will manage all aspects of your company registration and setup process and guide you on the various governmental and municipal trade regulations for a cyber security business in Dubai.
Step #2: Choosing the right business structure and jurisdiction
The UAE’s established innovative trade zones with regulations that help to better manage and support specific industries in Dubai. There are two main types: Mainland Companies and Free Zone Companies.
Mainland Company structures entitle businesses to trade within Dubai and across the UAE. However, a foreign national is limited to only holding 49% of the business’s shares: the UAE laws require a UAE national partner to own a 51% share of foreigner-owned Mainland Companies. With a Mainland Company, a cyber security company can engage in business with government agencies and institutions.
On the other hand, a Free Zone Company is 100% owned by the entrepreneur or investor. It can be registered in one of over 40 special trade zones in Dubai. The Free Zones offer special benefits to foreign investors and entrepreneurs, such as startup incubation services, support systems, and more. Setting up your cyber security company in a Free Zone is the most cost-effective and straightforward method.
If you’re unsure whether to choose between a Mainland or a Free Zone company, our experts at Trade license Zone will help you decide. We’ll guide you in setting up your company with the best advice derived from your business’s aims, your target clients, your staffing needs, and visa requirements.
Step #3: Choosing a company name
At this stage, Trade License Zone will help you choose and register your cyber security business name with the UAE’s Registry Office. The business name must adhere to the UAE’s naming policies, including that a business name cannot include any offensive or blasphemous language, nor any references to Allah or Islam. You can use your name in the company’s name, but you must use it in full instead of just your surname or initials.
Step #4: Cyber security business license application
This is the most important step of the entire process. To ensure that you don’t make any mistakes that will not only cost you time but money too, it is advisable to let company formation experts such as Trade License Zone help you.
These are the documents to get a cyber security business license in Dubai:
- Copies of the passports of all partners and shareholders of the business
- A clean cryptocurrency wallet record with zero fraudulent transactions or exchanges
- Your business plan
- A completed application form
Working with Trade License Zone
Setting up a cyber security business in Dubai is fairly simple thanks to the UAE’s business-friendly laws. However, the application process and business setup remain complex processes. When you partner with Trade License Zone, we will save you from unnecessary delays or rejections and make the entire process a streamlined one.
The experts at Trade License Zone are able to get started by simply providing us with some basic documentation and a little information about the nature of your company and business activities. Then, sit back and let the professionals take care of the rest. We’ll manage your cyber security business license and visa applications, communicate with all relevant departments and authorities, and report back when you’re ready to trade. It really is that simple.