How to Start a Security Company in Dubai, UAE

How to start a security company in Dubai, UAE: Most of us don't fully appreciate how vulnerable we are until it's too late. Security measures, such as CCTV, locks, and keys, and armed guards, are widely used and highly profitable.

The global physical security market is expected to reach USD 292 billion by 2025, growing at a CAGR of 9.4 percent between 2015 and then.

Similarly robust is the market in the United Arab Emirates. As long as there are people and locations that need protecting from harm, the need for security services will remain high.

Even though starting a security firm in the UAE involves checking a few extra boxes, the procedure may be straightforward and stress-free with the right guidance.

How can I start my own security company in Dubai, UAE?

There are a few tried-and-true procedures to start a security company in Dubai. Those that are standard for a business in the area.

Selecting a company name is the initial step. No vulgar language or references to people or places should be included.

A company's name may not consist of initials or any abbreviation of a person's given name. Also, check to see if the name you've chosen for your business is taken. This part of applying for a business license is complicated, but an expert in the field of company formation may help.

How to start a security company in Dubai

Also, you'll have to decide whether or not to have a free zone or a mainland layout. You won't need an agent to do business in the regional economy if you establish a presence on the mainland. Government contracts are another potential source of revenue in the facilities management sector.

But if you set up shop in a free zone, you can avoid paying taxes on imported goods. Additionally, in UAE free zones, business owners can keep all of their money made. Foreign currency exchanges are free of any restrictions.

After confirming the above, you may submit your license application. The process consists of two phases.

The first thing to do is apply for a company license. In the United Arab Emirates, starting a security company requires a professional services license. The Department of Economic Development will handle applications for businesses located on UAE mainland, while the relevant management authority will handle applications for businesses located in UAE free zones.

Both have analogous application procedures. Whether applying on your own or working with a business formation agency, you'll likely only need to gather the following data and documents to complete the application process:

• Completed application form
• Passport copy of the proposed owner or owners
• Two color passport size photos

In addition to your license, you will also require police clearance in the UAE before you can operate in the security industry there.

The Security Industry Regulatory Agency (SIRA) in the United Arab Emirates (UAE) may require you to obtain a license if you operate a security business there.

It's possible that you'll need to finish a training programme in order to get your SIRA endorsement. Security jobs such as guarding, consulting, working with dogs, and running surveillance equipment are all okay with SIRA.

How to start a security company in Dubai

At this stage, you should submit visa applications for yourself, your employees, and any home workers or family members you intend to sponsor.

Finally, you need to open a company checking account. An expert in starting businesses can deal with the necessary documentation and interface with government entities on your behalf.

It's in your best interest to go to an expert if you want an idea of how much it will cost to form a business. The expense of opening a business and the quantity of required visas are merely the tip of the iceberg.

Starting a business in a free zone like Fujairah Creative City can set you back about AED 22,200. Adding on access to the free zone's shared office space brings the total to AED 24,775.

Ready to start a security company in the UAE?

It is possible to launch a successful security business in Dubai with the right knowledge and contacts.

However, it helps to be familiar with the process at least a little bit. It is also important to submit a complete and error-free license application at the beginning of the application process.

How to start a security company in Dubai

Starting a business in the United Arab Emirates with the help of a company formation specialist like ReCorporate will help ensure this.

Company formation is our specialty, and we're here to help new and aspiring companies get off the ground and succeed.

How to get license for gold trading business in Dubai

Businesses in the United Arab Emirates (UAE) are increasingly concerned with protecting their assets from violent crime, theft, and other criminal activity. As security is becoming an increasingly pressing issue, entrepreneurs in Dubai and the United Arab Emirates now have more options than ever to start their own security firm.

The analysis estimates that over the next decade, UAE will increase spending on domestic security from $5.5 billion to more than $10 billion. If you are an entrepreneur who is passionate about security and wants to make Dubai a safer place for residents and business owners, read on for our guide to forming a security services firm in the United Arab Emirates.

How to Start a Security Agency in Dubai? (The Process)

The preliminary actions required to launch a security firm in Dubai are universal. An analogous action is required on your part to fix any business here.

1. Choose a Company Name

The first stage is to think of a name for your business; you can't use any swear words or reference any existing companies. If your name is going to be part of the company name, it needs to be spelt out completely; no initials will do. 

You should also check to see if your proposed company name is available.

2. Decide on a Suitable Location

You'll have the option of creating either a free zone or a mainland structure. If your business is headquartered on the mainland, you are not need to employ a local agent in order to conduct business in the region. 

You will also compete for governmental contracts, which could prove crucial in the building maintenance industry. On the other hand, if you happen to find out while passing through a free port, you will not have to pay any customs duties. 

The proprietors of Security Companies in Dubai UAE Free Zones are allowed complete repatriation of their profits. There are no exchange regulations or other limitations on the currency.

3. Obtain All Required Permits

Get your hands on any licenses or permits you'll need. A Security Company license in Dubai is essential, as operating without one could result in fines or possibly the closure of your business elsewhere in the United Arab Emirates.

4. Get a Business Bank Account

Set up a business checking account in Dubai. Your security guard business in the Emirates will benefit greatly from having its own bank account. Obtaining a security business license in Dubai can boost customer confidence in your company's reliability.

A Complete Guide to Dubai's SIRA-Approved Businesses

Building a secure and safe Dubai is a top priority for the Securities Industry Regulatory Authority (SIRA), a United Arab Emirates-based regulatory organization founded on the principles of sustainability, safety, quality, and innovation.

Approvals Provided by SIRA

The following types of businesses have their license applications approved by the authorized body:

• Precious Metals & Gemstones Trading & Manufacturing
• Individual Services
• Preparation of Vehicles for Safe Transport
• Security Manager Security Control & Alarm Equipment Trading
• Precious Commodities Store (Merchandise Value Less Than 100,000)
• Security and Surveillance Systems Installation & Maintenance
• Security Guard
• Security Trainer Money & Valuables Transport Services
• Security Consultant
• Self-Transportation Vehicles Trading
• Security Auditor
• Party Security & Private Guarding Services
• Precious Metals Warehouse
• Gold Offices
• CCTV Operator
• Cash-in-Transit Guard
• Security Supervisor Security Control and Measuring Services
• Guard Property Services
• Security Specification
• Security Systems Engineer
• Security Studies and Consultancies
• Security Dog Training Centre
• Monetary Financial Institutions
• Self-Storages
• Centre for Operations and Monitoring Services
• Event Security Guard
• Companies Security Licenses
• Management Office Only
• Security Systems Technician

Get a SIRA Approval in Dubai

Certain types of enterprises cannot begin operations in Dubai without first receiving necessary permissions from the government. Let's say you're thinking about starting a business that has anything to do with the fields mentioned above. 

In that situation, obtaining the necessary Securities Industry Regulatory Authority approvals is an absolute must. Managing the process internally may prove challenging at this time. 

The smart move is to contact with a competent business consultant who is versed in the UAE's legal procedures and an expert in the process of establishing a company there.

Qualities and Experience Needed for SIRA Dubai

One advantage of SIRA courses and other vocational programmes in the UAE is that they are often accessible to foreigners visiting the country on tourist visas. Some beginner-level security courses can be taken by anyone, regardless of prior experience or education. 

However, you need experience to earn a higher license. You need to have prior security experience to qualify for a license as a Security Supervisor, CCTV Operator, or Security Manager. However, beginner credentials such as the SIRA Security Guard Certificate are available. 

To work in the security sector in the United Arab Emirates, you need to be in good shape and between the ages of 21 and 55. That's a fair age range to work with. If you are of the appropriate age and health, you can apply for SIRA while visiting Dubai on a tourist visa.

List of Activities of Security Company License that need SIRA Approvals in Dubai, UAE

• Security Systems Engineer
• Security Manager
• Event Security Guard
• Security Auditor
• Security Systems Technician
• CCTV Operator
• Security Supervisor
• Security Guard
• Cash in Transit Guard
• Security Trainer
• Security Consultant

If you need assistance opening a business bank account or locating the ideal bank for your company, any legal assistance or help with hiring, HR, employee management, Payroll or anything to run a company smoothly, ReCorporate is here to help.

All the documentation, applications, and clearances required to do business in the United Arab Emirates can be handled by our visa and immigration services team.

How to start a security company in Dubai

Simply said, our experts can help you establish your business, file the necessary paperwork, and secure necessary permits and visas so that you can concentrate on running your company.

If you have any questions with regards to how to start a security company in Dubai, UAE, please feel free to comment below.