Are you considering establishing a cyber security business in Dubai? Cybersecurity is one of the main problems that UAE businesses encounter. A surprising 82% of firms report at least one cyberattack every year, according to a recent poll. 

To address this issue, the government has announced intentions to develop a new cyber security standard for federal ministries, and this endeavor will receive significant funding.

Therefore, if you have experience in the industry, a cybersecurity business setup in Dubai would give you access to a market where your skills are highly sought after. 

Finding clients will be easy for experts who know how to set up cyber security settings, offer training, and prevent malicious hackers from entering company networks. 

Therefore, you are undoubtedly headed on the right path if you want to launch a cybersecurity company in Dubai. 

Understanding the Cybersecurity Landscape in Dubai

The cybersecurity market in the United Arab Emirates is expected to grow significantly. The market was estimated to be worth USD 457.89 million in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 12.72% to reach USD 1.07 billion by 2029. This expansion is fueled by multiple factors:

Increase in Cyberattacks: During the COVID-19 epidemic, cyberattacks in the UAE have increased by an astounding 250%, with financial institutions being the main targets.

Government Initiatives: The creation of the UAE Cybersecurity Council, which focuses on developing a solid legislative and regulatory framework to counter cyber threats, is one of the measures the UAE government has started to improve cybersecurity infrastructure.

Digital Transformation: The need for cybersecurity solutions keeps growing as companies increasingly digitize their operations. The industry is anticipated to expand further due to technological advances like AI and IoT.

How To Start A Cyber Security Company In Dubai?

Getting a cyber security license is the first step in launching a cyber security business in Dubai. A method for getting a cybersecurity consultancy license in Dubai is mentioned below. 

1. Choose Your Business Activity

You have first to determine the type of business you conduct in order to obtain a cybersecurity consultancy 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 cybersecurity companies: 

• Cybersecurity Consulting 
• Trading of Encryption Software 
• Services for Cyber Risk Management 
• Cyber Risk Assessment, Review, and Testing, Among Many Other Things. 

Our experts at JSB Incorporation will help you identify the most appropriate license for your business activity.  

2. Select a Distinctive Trade Name

mpany’s trade name needs to represent what you do for a living accurately. Additionally, you must ensure 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 obscene phrases. You can visit the DED Website to confirm whether your selected trade name is available. 

3. Identify the Ideal Location for your cyber security company

It’s crucial to choose the ideal location for your cyber security business. The number of clients you draw in depends on the location of your business. 

It is also essential for sustaining and improving the long-term performance of your business. Because of the Dubai Freezone’s low taxation, it is frequently seen that many cyber security companies have decided to relocate there. 

You can find a company location that best suits your needs with the assistance of the professionals at JSB Incorporation. 

4. Submit Your Application

You’ll get your cyber security license once you send in your application and the required paperwork. Additionally, you have to pay the related charge at the time of application submission. 

5. Receive Your License and Open a Bank Account

After submitting your application and paying the required fees, you will obtain your cyber security license in a few days. Reach out to our experts, who will help you ensure that your documentation and licensing are in order to prevent any unnecessary mistakes. 

You can open a bank account for your business as soon as your license is approved. 

How much does setting up a cyber security company in Dubai cost?

There is no standard price for starting a cyber security firm; it varies depending on a variety of things, including the number of visas you seek, where your business is located, your needs, etc. AED 18,500 is the starting cost for a cybersecurity consultancy license in Dubai. 

What are the advantages of starting a cyber security business in Dubai?

You can easily start a cybersecurity business in Dubai if you have the necessary information and expertise. The following are some benefits of starting a cybersecurity business setup in Dubai: 

• Huge demand: It is expected that both public and private entities would boost their investment in Dubai’s cyber security industry, as previously mentioned. This suggests that this company will undoubtedly notice a spike in the client in the upcoming years.
• Minimal taxation: Dubai’s business-friendly regulations are well-known. You can use a 0% corporate tax rate by establishing your cyber security company in a free zone. 
• Plethora of opportunities: Due to its many advantages, Dubai’s business environment attracts a lot of multinational corporations. Establishing a cyber security business in Dubai allows you to collaborate with customers worldwide. This will provide you with the exposure necessary for expanding your business.
• Assistance from the UAE government: A cyber security standard for the public sector is currently being introduced. This will guarantee the preservation and promotion of the integrity of cyber security across the country. 
• Technological hub: The technical sector in Dubai has grown significantly over the years. This will allow you to work closely with other forward-thinking businesses and hire people who understand how a cybersecurity company operates. 

Conclusion

Dubai’s growing need for cybersecurity solutions offers a fantastic opportunity for entrepreneurs wishing to launch a cybersecurity business setup in Dubai. 

Aspiring business owners can successfully carve out a niche in this quickly changing field by understanding the local market dynamics, closely adhering to legal regulations, and concentrating on providing high-quality services.

Now is the perfect time to get involved in the UAE’s thriving cybersecurity scene, as anticipated growth rates indicate further expansion through 2029.