
For business owners in the cybersecurity sector, Dubai’s expanding digital economy presents a profitable opportunity. Businesses and government organizations need strong cybersecurity services to protect sensitive data and infrastructure in light of the growing global cyberthreats. You’re in the perfect place if you want to launch a cyber security business in Dubai. We will guide you through the process of starting and expanding your cybersecurity firm in this blog.
Understanding Dubai's cybersecurity environment
It is anticipated that the United Arab Emirates‘ cybersecurity market will expand considerably. The market is projected to develop at a compound annual growth rate (CAGR) of 12.72% from its estimated USD 457.89 million in 2022 to USD 1.07 billion by 2029.
There are several elements driving this expansion:
1. Rise in Cyberattacks
Financial institutions have been the primary targets of an incredible 250% spike in cyberattacks in the United Arab Emirates during the COVID-19 pandemic.
2. Government Initiatives
One of the steps the UAE government has taken to strengthen cybersecurity infrastructure is the establishment of the UAE Cybersecurity Council, which is dedicated to creating a strong legislative and regulatory framework to combat cyber attacks.
3. Digital Transformation
As businesses rapidly digitize their operations, there is an increasing requirement for cybersecurity solutions. Because of technical advancements like AI and IoT, the business is expected to grow even more.
How To Start A Cyber Security Company In Dubai?
You must first ascertain the type of business you conduct in order to obtain a cyber security license in Dubai. Since every action has unique regulations and approvals that you must obtain from the appropriate authorities, this is a crucial stage. The government has created the following licenses for cyber security firms:
1.Select Your Business Purpose
- Consulting for Cybersecurity
- Exchange of Services for Encryption Software in Cyber Risk Management
- Among many other things, cyber risk assessment, review, and testing are done.
- At Unicorn Global Business Business Setup, our professionals will assist you in determining which license is best for your line of work.
2. Choose a Unique Trade Name
Your company’s trade name ought to accurately represent the things you do for a living. Additionally, you need to make sure that the trade name you have chosen complies with UAE naming standards. No other incorporation may use the trade name, and it must not contain any derogatory terms. You can visit the DED Website to confirm whether the trade name you have selected is available.
3. Choose the Best Site for Your Cybersecurity Business
It’s crucial to choose the ideal site for your cyber security business. The quantity of clients you draw in depends on where your business is located. It is also crucial for sustaining and improving the long-term performance of your business. Because of the Dubai Free Zone’s low taxation, it is frequently seen that many cyber security firms decide to locate there.
You can find a business location that best suits your needs with the assistance of the professionals at Unicorn Global Solutions Business Setup.
Fill in Your Application
Your Cyber Security license will be issued once you have submitted your application and the required documentation. The related charge must also be paid at the time your application is submitted.
Open a bank account and obtain your license.
After submitting your application and paying the required fees, you will obtain your cyber security license in a matter of days. Reach out to our knowledgeable experts at Unicorn Global Solutions Business Setup, who will help you make sure that your documentation and licensing are in order to prevent any needless mistakes.
You can open a bank account for your business as soon as your license is approved
What benefits come with launching a cyber security company in Dubai?
If you have the requisite knowledge and experience, starting a cybersecurity company in Dubai is simple. Some advantages of establishing a cybersecurity company in Dubai include the following:
High demand: As previously said, it is anticipated that both public and commercial organizations would increase their investment in Dubai’s cyber security sector. This implies that in the years to come, this business would surely see an increase in its clientele.
Minimal taxes: Dubai is known for its business-friendly laws. By setting up your cyber security business in a free zone, you may take advantage of a 0% corporate tax rate.
Numerous opportunities Multinational firms are drawn to Dubai’s business environment because of its various benefits. Starting a cyber security company in Dubai enables you to work with clients all over the world. This will provide you the visibility you need to grow your company.
The UAE government is helping by introducing a cyber security standard for the public sector. This will ensure that the integrity of cyber security is maintained and promoted throughout the nation.
Over the years, Dubai’s technology sector has expanded dramatically. This will enable you to hire individuals who are familiar with the workings of a cybersecurity organization and collaborate closely with other progressive companies.
What is the price of starting a cyber security business in Dubai?
The price of starting a cyber security firm is not set in stone and is contingent on a number of variables, including the quantity of visas you are applying for, the location of your business, your needs, etc. In Dubai, a cyber security license starts at AED 18,500*.
To find out the precise price of a cyber security license in Dubai, contact our experts at Unicorn Global Solutions Business Setup.
Documents Required to Open a Cybersecurity Company in Dubai, United Arab Emirates
To create a cyber security consultancy in Dubai, you must submit the following paperwork as part of the application process.
- a completed application detailing the cyber security services you will offer.
- copies of your passport.
- A copy of your residency visa (if applicable).
- A duplicate of your Emirates ID, if any.
Unicorn Global Solutions specializes in guiding businesses through the setup process, ensuring a smooth and efficient start for your cybersecurity venture. We understand the specific challenges of the cybersecurity industry and ensure your business meets all regulatory requirements, empowering you to focus on protecting clients and driving innovation in the UAE’s growing tech market.
From documentation to approvals, we simplify the entire process to help you launch and thrive in the UAE’s cybersecurity sector.
Contact us today via WhatsApp or phone to make your cybersecurity business setup seamless and successful!