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Cost Comparisons of eGaming Licenses in UAE
Are you an eGaming entrepreneur looking to start your business in the UAE? One of the key steps in establishing an eGaming business in the UAE is obtaining an eGaming license. However, the cost of acquiring a license can vary depending on the business jurisdiction you choose. In this blog post, Choose UAE will provide you with a cost comparison of eGaming license and each one’s advantages in UAE.
The eGaming industry has experienced a meteoric rise in popularity, becoming a lucrative business venture for entrepreneurs worldwide. The UAE has embraced this growing trend, positioning itself as an attractive destination for eGaming businesses. According to the Emirates News Agency, the UAE’s eGaming sector is experiencing significant growth, with a projected market value of $465 million by 2021. With the UAE government’s support and the recent launch of a gaming industry regulatory framework by the Telecommunications Regulatory Authority (TRA), the country is paving the way for an exciting era of eGaming opportunities. In this blog post, we will delve into the cost comparisons of eGaming licenses in the UAE, examining the advantages of each option and guiding you towards the perfect choice for your eGaming business venture.
Cost Comparisons of eGaming Licenses in UAE
Setting up your eGaming business on the Dubai mainland comes with a starting cost of at least AED 15,000. While this option may be more expensive than its free zone counterparts, it presents several distinct advantages:
✓ Access to the Local Market: Establishing your eGaming company in UAE with a Dubai Mainland license allows you to cater directly to the country’s local market, which can provide a significant customer base for your business.
✓ No Restrictions on Office Location: Unlike free zones, there are no restrictions on where you can set up your office on the mainland, providing greater flexibility in choosing your business location. Keep in mind that the allocation of visas is influenced by the size of the office space utilized by a business.
✓ Less Limitations on Business Activities: eGaming businesses under Dubai Mainland license can engage in various activities, both locally and internationally without any limitations imposed by free zone regulations.
Dubai Free Zone
Obtaining an eGaming license in a Dubai free zone can start at AED 12,900. While slightly more affordable than the mainland option, Dubai free zones offer numerous benefits for eGaming businesses:
✓ 100% Foreign Ownership: In Dubai’s free zones, entrepreneurs can own their eGaming business entirely without a local partner. According to Federal Decree-Law No. 26 of 2020 amending the provisions of Federal Law No. 2 of 2015 on Commercial Companies, foreigners are allowed to establish companies with 100% full ownership.
✓ Tax Incentives: Dubai’s free zones provide appealing tax benefits, such as a complete exemption from corporate and personal income tax, and customs duties. Additionally, small businesses with revenues of AED 3 million or less can take advantage of a new scheme introduced by the UAE’s Ministry of Finance that offers tax relief.
✓ Streamlined Setup Process: When it comes to establishing an eGaming business in a Dubai free zone, the process is typically more straightforward and faster. There is less paperwork and bureaucracy, and physical presence is not necessary.
UAE Free Zone
Entrepreneurs who are looking to start a business without incurring high costs often consider UAE free zones as a viable option. Choosing a UAE free zone as your eGaming license jurisdiction can provide a cost-effective solution, with a starting cost of AED 8,000 and it come with these advantages:
✓ Budget-Friendly: The reduced licensing fees make it more accessible for startups and small businesses to break into the eGaming market without breaking the bank.
✓ Business Support Services: Many UAE free zones offer business support services, such as networking events, workshops, and access to funding opportunities, helping your eGaming business grow and thrive.
✓ Easy Expansion: Expanding your business within and outside UAE, can be made easier by choosing a UAE free zone for your eGaming license as they are designed to facilitate trade and investment
UAE has established itself as a powerhouse in the global eGaming industry, offering a vibrant and supportive environment for entrepreneurs looking to launch their gaming businesses. The various licensing options available, whether it’s Dubai Mainland, Dubai Free Zone, or a UAE Free Zone, cater to different business requirements and budgets, ensuring there’s a perfect solution for everyone. Overall, each jurisdiction offers unique advantages that can help drive the success and growth of your eGaming business.
How Can Choose UAE Help
At Choose UAE, we understand the complexities and nuances of setting up a business in the eGaming industry, and we’re here to guide you through every step of the process. Our team of experts can help you navigate the licensing landscape, select the ideal jurisdiction for your business, and provide ongoing support to ensure your eGaming venture thrives in the dynamic UAE market. Let Choose UAE be your trusted partner in building a successful gaming empire. Reach out to us today.