Did you know that, per a market intelligence company study, the UAE is witnessing growth in online gaming? With companies offering gaming experiences through advanced virtual reality (VR) technology, the popularity of online games is skyrocketing. The UAE’s online games market is estimated to reach US$50.60 million in the coming years. Starting a gaming business at Dubai World Trade Centre is easy.
The market will continue to grow at a CAGR of 4.09%. Achieving a volume of US$57.07 million by 2027. This trend highlights the immense potential of the gaming business in the UAE. The momentum is expected to accelerate in the coming years.
Shuraa Business Setup can help you start your business in this booming hub. By providing expert guidance on starting your gaming business in the UAE. In this blog, we will help you set up a gaming business in the UAE. With the help of Shuraa, we will help you to transform your vision into a successful business in the UAE’s gaming market.
Dubai World Trade Centre – Free Zone
Dubai World Trade Centre was established in 2015. It’s a free zone located in Dubai’s Central Business District. It offers a unique blend of world-class facilities, excellent connectivity, and a supportive business environment.
The DWTC Free Zone hosts over 2,000 companies spanning 40 industries, including construction, healthcare, IT, media, and trading. Recent statistics show a significant surge in DWTC license renewals, which increased by over 250% in the first half of 2023. The DWTC authorities have also launched the ‘Intelak Incubators’ initiative to support and nurture startups.
Business Activities Permitted in DWTC Free Zone
The DWTC Free Zone supports a wide range of industries. Here are some of the key business activities permitted:
- Trading
- Consultancy
- Information Technology
- Media & Advertising
- Education & Training
- Logistics & Warehousing
What is the Scope of Starting a Gaming Business in DWTC?
There are various ways to start a gaming business in DWTC. Consider starting an online video game store or opening a physical gaming venue. You can also create a subscription service for online players to interact and have fun. Each business has its pros and cons, so it is important to develop a well-thought-out business plan that defines your organisation’s focus.
Conducting market research on the latest industry developments is important. Producing content that appeals to regional tastes has become increasingly important. Leveraging popular local game designers and organisations can significantly benefit your gaming business.
Gaming Free Zones
A gaming business free zone license allows you to start a shop or any gaming-related service in the UAE’s commercial sector.
When starting your gaming business in Free Zone. You can choose from over 50+ trade zones in the city. Some of the benefits include:
- Tax exemptions
- Import and export privileges
- Full company ownership
Benefits of Starting a gaming business at Dubai World Trade Centre
Below are the benefits of Starting a Gaming Business at the Dubai World Trade Centre
- Good Location: Located in Dubai’s Central Business District, providing excellent connectivity and accessibility.
- Top-Class Infrastructure: Access to state-of-the-art facilities, including modern office spaces, meeting rooms, and event venues.
- Tax Advantages: Enjoy tax exemptions on corporate and personal income.
- 100% Ownership: Full company ownership without needing a local partner.
- Business Support Services: Better support services, including administrative, legal, and visa assistance.
- Diverse Industry Ecosystem: Be part of a community with over 2,000 companies from over 40 industries.
- Flexible Licensing Options: Variety of licensing options for different business activities.
Starting a gaming business at the Dubai World Trade Centre offers these advantages, positioning your business for success in a booming market.
How to start a gaming company at Dubai World Trade Centre?
Most online gaming companies boom when incorporated within a free zone. The exception is if you plan to launch a physical store or site where players can buy or play games. In such cases, a location near major residential areas is important for easy access.
The incorporation process is straightforward. You’ll need to submit a business plan outlining the nature of your business. You can then operate from a physical site, a virtual office, or a business centre.
1. Planning Your Gaming Business
Start by developing a comprehensive business plan detailing costs, target markets, and strategic goals. This foundational step will guide your subsequent decisions and ensure you are well-prepared for the challenges ahead.
2. Forming a Legal Entity
Register your business as a legal entity, such as a corporation, LLC, or company, to ensure proper structure and liability protection. This step is important for starting your company’s legal identity and facilitating smooth operations.
3. Registering for Federal Taxes
Get the necessary tax registrations to operate in the UAE. Proper tax registration makes compliance with local regulations and avoids potential legal issues.
4. Opening a Financial Account
Establish a business bank account for efficient financial management. A dedicated financial account helps in maintaining clear financial records and simplifies transactions.
5. Get a Professional Gaming License
Apply for a gaming license to operate your business legally. This license authorises and regulates your gaming activities by the appropriate authorities.
6. Creating an Online Presence
Develop a website for your online gaming platform to reach your target audience. An engaging and functional website attracts and retains players, provides an ideal gaming experience, and builds your brand’s online presence.
Following these steps, you can start a solid foundation for your gaming business in the UAE.
Required documents for starting a business at Dubai World Trade Centre
The documents required for starting a business in the Dubai World Trade Centre are as follows:
- Passport size photo
- Passport size copy front and back
- Trade names of the company
Cost of license for starting a business in Dubai World Trade Centre
The cost of a license to start a business in the Dubai World Trade Centre starts at 25000* AED. The cost of setting up a business depends on the nature of your business. You can contact our Shuraa experts for the exact cost. They will help you with the cost.
How will Shuraa help you with your gaming business in UAE?
Learn how Shuraa Business Setup can assist your gaming business in the UAE! We specialise in hassle-free business setup solutions. It will make it simple for you to enter the gaming market here. With a young and enthusiastic gaming community, the UAE offers an opportunity for foreign investors.
We handle all the paperwork and set up everything you need to start smoothly. Starting a business in the UAE is straightforward, making it an exciting destination for entrepreneurs. Contact us at +97144081900 or message us on WhatsApp at +971507775554. You can also email us at [email protected] for more information.
