Doing Technology and
Innovative Business in the UAE

SORP Group will provide all the help and support you need to set up your successful
high-tech business in the UAE. Quite a small investment gets you operational, and
pay-back is fast.

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SORP.AE

The UAE is a major world economic and business center and a driver for development in the Middle East region. Active state support for innovative promising ideas and startups is part of a successful diversification policy. Now it boasts a high-tech infrastructure and world-class corporate environment, which along with a 0% corporate tax policy have generated huge growth in the technology sector. SORP Group’s team will show you how to open your IT business, get you the licenses, and deliver the support and local know-how you need to build high levels of financial reward.

Incorporating an innovative high-tech business here opens up these benefits and opportunities:

Participation in one
of the world’s fastest
growing markets
The UAE has grown rapidly over the past 20 years, integrated into the global economy and now delivers many business opportunities
State protection
for business
investors
The rights of investors and business people are protected both under mutual international agreements and through UAE legislation
Settlements in
any currency
without conversion
Multi-currency bank accounts cater for all major world currencies including the Dollar, Euro, Yuan, Pound Sterling and many more
Bid on
international
tenders
The country provides a credible base from which to launch bids for international tenders as well as opportunities in the Gulf region
Operate from
a low-tax
jurisdiction
The benefits of paying zero corporate tax add a big competitive edge, keep costs down and enable retention of greater levels of profit
Optimize
international
business
Set up holdings and similar structures to make international settlements within a group with no taxation consequences
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The UAE’s advantages for running high-tech and innovative businesses

Financial stability
Zero inflation, an exchange rate pegged to the Dollar, and absolute reliability of the country’s banking system are perfect for doing business
Freedom for cash flow
UAE law provides for easy payments and money transfers with total absence of any currency controls
High purchasing power
According to IMF data, the UAE populace is very affluent and the country is ranked in the Top 10 for average household income
Preferential tax treatment
The state applies 0% corporate and income tax, which enables maximum profit retention and attracts highly skilled foreign workers
Equal rights for business beneficiaries
Foreign business owners operating from the UAE enjoy similar legal rights and conditions for doing business as UAE nationals do
Data protection
The law provides robust confidentiality about company owners, directors and shareholders for companies incorporated in the UAE

Types of high-tech actvities welcomed for licensing in the UAE

Every business in the UAE must undergo a mandatory licensing procedure with annual renewal. Your license is your business card for banks and stakeholders all over the world and for the state is a way to supervise your business activities and maintain a form of quality assurance.

IT product sales

Sales of high-tech products, consumer gadgets and devices, software, apps, computers, laptops, notebooks and other hardware products and spare parts

IT consulting

Consulting and advising on IT issues, market research, surveys, delivering proposals on how to improve hardware and software production efficiency

IT maintenance and support

Installing, commissioning, supporting and maintaining hardware and software, testing, carrying out repairs and replacing equipment for technology refresh cycles

IT developments

Innovating, planning, designing, building, testing, and follow-up support and maintenance of various IT products - from video games to sophisticated specialized programs

FinTech

Innovative tax-exempt tools for the financial markets, investing or money transfer, such as P2P loan extensions, crowd funding, e-money and many more

EdTech

High-tech platforms and startups in the educational arena and use of a wide range of educational technologies, in particular e-learning

Cyber security

Supplying technology, infrastructure and security software and expertise to protect IT systems form internal and external threats – information security

Hosting and data storage

Provision of cloud web services, and the infrastructure required to support them, such as website hosting, virtual servers, maintenance and support of server infrastructure

Should you want to import your innovative products or devices for marketing in the UAE or in the Persian Gulf states, you will need to register them with the Emirates Authority for Standardization and Metrology (ESMA) and get an import permit. SORP Group’s experts will help you pass all the required registration and certification procedures in accordance with local law.

Certificates needed to market your products and technologies in the UAE:

Certain types of products in the UAE require mandatory certification and testing to prove their compliance with the international standards and obtain a Certificate of Conformity - import and sales of these products in the Emirates will not be possible without it.

ROHs

This certification applies to electrical and electronic equipment related to electromagnetic fields and current, as well as any computer or telecommunications equipment.

IEC

This document is the regulation for any electrical and electro-technical equipment, including chargers and cables, and is also mandatory for obtaining ROHs and G-Mark certificates.

TRA

Any telecommunications and transmission equipment must be registered with the Telecommunications Regulatory Authority, which tests it for compliance with standards and issues an import permit.

G-Mark

Electrical equipment imported into the UAE must meet GSO BD1420004-01 requirements for low voltage equipment, electrical and electronic goods, and be tested for compliance with G-Mark standards.

ISO / IEC 2007

International standard that lays down the requirements for a company's Information Security Management System to ensure the organization's capability to protect its own and third-party data resources.

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SORP Group’s solutions for successful high-tech and innovative businesses

SORP Group is a leading expert in the UAE market offering a wide range of tools to organize and develop your business in the Emirates including fine-tuning business processes and creating financially profitable tax mitigation schemes.

Evaluation and
business-analysis

Assessing your business idea, choosing a best fit license, the place for incorporation and type of company to achieve objectives

Company
Incorporation

Fast incorporation of your business thanks to SORP’s close cooperation with the registering authorities and SORP’s own expert resources

Opening
bank accounts

Professional support for opening bank accounts and for undergoing procedures for compliance and KYC required by UAE banks nowadays

PRO support
for business

All manner of task such as help with obtaining visas for investors, for employees and family members, renewing licenses and permits

Outsourcing
business processes

Providing highly professional outsourced services including book-keeping, tax consulting, administrative and legal support

Dubai office and
registered address

Space for rent in SORP Business Center to pass licensing procedure: offices with Ejari/Estidama, also flexi–desks and virtual addresses

Setting up a company to develop and promote your innovative and/or high-tech concepts and products is not only an entryway into the local Gulf markets but also a step along the path to build and optimize your international business structure. Even though it operates a 0% tax business environment, the UAE adheres to similar financial and legal rules as western economies do as regards anti-money laundering legislation. That requires companies to comply with KYC procedures of UAE banks, prove economic substance in the UAE and be part of tax data exchange under CRS.

SORP’s bundled solutions for doing international business from the UAE

International
legal
consulting
Providing consultancy and advice about legal issues in foreign countries and how UAE legal tools and solutions might be applied to resolve them legitimately
Support for
operating
bank accounts
Assistance in fulfilling mandatory bank compliance requirements, confirming business transactions on your corporate account and communicating with the bank
Providing
nominee
services
Using nominees in the UAE in order to conceal beneficiaries and for applying transfer pricing strategies between affiliated entities in a corporate structure
International
tax
planning
Individual solutions to improve tax optimization schemes based on the UAE law make international business function more efficiently and enhance your returns
Getting
tax resident
status
Getting a tax domicile certificate protects from exchange of tax data under CRS, using double taxation treaties concluded with a number of countries
Confirming
economic
substance
Proof of doing business activities at the place where your company is registered, evidence of a control and management center, and UAE tax residency of your operations
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The UAE is the best base for setting up and running your high-tech business

The UAE’s development strategy delivers strong and active support at state level for all things relating to IT. That provides a special impetus for rapid growth in IT solutions, technologies and innovations. Digital approaches springing up in business, industry and consumer sectors open new opportunities for entrepreneurs to devise worthwhile appropriate solutions and bring them to market.

Offline Gitex Exhibition
Gulf Information Technology Exhibition (Gitex)in Dubai - the only global technology show held in the world offline in 2020 - proves the country’s priority and high commitment to the technology sector.
Prospects for business inside IT clusters
The IT and innovations space covers a whole array of licenses, not only in the case of mainland (local) companies, but also in FTZs of the UAE. Only Dubai alone has four narrowly-specialized FTZs: Dubai Internet City, Dubai Media City, Dubai Silicon Oasis and D3.
Support for IT business at a legislation level
According to UAE corporate law, companies engaged in the high-tech and innovations space can be 100% owned by a foreign beneficiary, whereas mainland companies are required by law to have a local sponsor (partner) who owns 51% of the shares.
Low rate of business failure
Business in the UAE is characterized by high commercial and financial solvency. The worldwide failure rate for startups runs at about 92%. By contrast, not more than 30% of IT companies fail to renew their licenses according to data from the UAE Economy Department.
Prestigious neighborhood with IT giants next door
The UAE is a magnet for super modern startups and the location for major international corporations, which is evidence of the benefits of doing business here and their presence attracts more investors. Global names such as Google, Microsoft, Oracle, SAP and others have opened offices in the Emirates.
State-supported strategies
All key development strategies of the country are aimed at improving information technologies, process automation, and implementing innovations. The UAE has adopted five initiatives to support the field of high-tech: Smart Dubai, Vision 2021, Blockchain, Dubai 10x, Digital Protection.

The UAE is a country that is opening lots of opportunities and creating nurturing and attractive conditions for setting up and developing businesses in the areas of high-tech and innovation. SORP Group’s experts will help you start your business in this field, providing a whole bundle of professional services for registration, licensing, certification and administration of your activities.

Use SORP’s long-term experience to achieve your business goals in the UAE

Complex of all services

SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country

15 years of successful work

Expert knowledge and 15 years' experience in conducting professional consultations, opening, and comprehensive support of companies in various sectors of the economy.

Banking support

Assistance in opening bank accounts, choosing a bank suitable your purpose, support during the KYC procedure (“Know Your Customer”).

Examination of documentation.

Checking your company's concept for strategic and legal errors. SORP Group strategic partnerships with the best lawyers in the UAE and around the world will provide prompt legal support for your business.

Confidentiality and Protection

We will ensure the confidentiality of Your data and take appropriate measures to comply with current legislation, as well as solutions on corporate, tax and judicial law and economic substance requirements.

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