The views expressed here do not necessarily reflect the views and opinions of Dubizzle.com. For more information, take a look at our Terms & Conditions.
Archive
Ahmed .

Ahmed . says:
3 months ago

6 Comments

Want to Start an IT Services Company

I want to setup an IT Services company in dubai.I've 3 years of experience in IT Sales & services and i hope it will help me to run my company without much problem inshAllah.
However,still not very sure which option i should choose for setting up my company i.e either Free zone(flexi desk/office),commercial LLC,sole establishment etc.
I don't want to invest much in the beginning and want to minimize the cost as much as i can.
Please if you have better ideas & experience to share will help me to take the right decision.
BR
Leave a reply
Armani ~.
Armani ~. says:
3 months ago
1

Ajman, Rak, FZ lisc......with flexi office approx cost 30k/yearly

Dubai FZ lisc DMC DIC....with flexi office approx 60k

Dubai DED Lisc 5k + sponsor 8k + studio flat(deira) or shop in intl city 25k utilities 6k/year......approx total cost 45k

each visa in FZ or DED cost you 5k




i would prefer DED as it is better in the long run.
Ahmed .
Ahmed . says:
3 months ago
2
Thanks Armani,

I am also willing to go for DED License.Now i have two options, either go for Sole Establishment license or Commercial LLC.
As you know the sole establishment is less in cost but with no ownership.
Is there any suggestions on what type of DED license i should apply for?
Armani ~.
Armani ~. says:
3 months ago
3
Ahmed

Sole est/professional lisc (same lisc diff names) means 100% ownership.....sponsor is just a service agent. yess its less in cost and if your business activity is IT services you will get the sole est/professional lisc only....if you want IT trading then you have to go for comm lisc.

http://www.dubaided.gov.ae/English/reglcening/busreg/default.aspx

http://www.dubaided.gov.ae/English/reglcening/busreg/SolePro/default.aspx
Ahmed .
Ahmed . says:
3 months ago
4
Thanks Armani for the information.
However i am still confused because i'm provided some different information from a consultant company as below,

.100% ownership of UAE -Local-Emirati.
.You don’t have a legal right to owned business and everything under UAE local’s name.
.You can enjoy 100% full profit/loss, with side agreement with local against sponsorship fee.
.You just have to run business like a employee or manager with side/parallel agreement with local sponsor, against sponsorship fee.
.You must need the shop/office space or rent agreement

Another question also,is there any certification/degree/diploma in IT will be required to qualify for a professional license?

Many Thanks
Ahmed .
Ahmed . says:
3 months ago
5
Also,i heard that bank guarantee or capital(from 100,000 to 300,000) which was a must for new LLC company registration is no more required now?
Anyone can confirm the news?
BR
 
Faisal M.
Faisal M. says:
3 months ago
6
The only issue with Est co.
if you give emarati an agent role , manager visa will cost you more,
n if you give emarati 100% then visa cost for manager will be less,
all other visa will be 5K aprox.

and there is no bank guarantee for est, or llc until you start a Big co. (like money exchange or real estate,)

capital is just for written in llc court agreements ,

if you don't want to spend more money for office rent find a partner , start two companies in same office/shop, 1 for yu and 1 for your partner ( his own activities) all you will just share rent , for this you have to sponsor from same emarati and tenancy agreement shuld be on emrati name.

if you need help
email me
mfmalik85@gmail.com