The UAE is quickly emerging as a hotspot for cybersecurity innovation, with a rising number of entrepreneurs setting up cybersecurity companies to address growing digital threats. This surge is driven by the UAE government’s proactive stance, awarding lucrative contracts to cybersecurity firms to combat online scams and safeguard sensitive data. As digital transformation accelerates across the region, the demand for advanced cybersecurity solutions is creating exciting opportunities for businesses in the UAE.

The UAE has been facing big scamming issues with fraudsters appearing to impersonate government bodies to deceive residents. Some of the biggest scams include:

Dubai Police Fines

Scammers send fake SMS messages claiming residents have incurred fines from Dubai Police, urging immediate payment through suspicious links.

Fake Highway Tolls/ Salik Charges

Fraudsters pose as Dubai Police/ Dubai RTA and demand payment for non-existent highway tolls, pressuring victims to pay.

Bank Impersonators

Scammers pose as representatives of trusted organisations such as banks or official entities, to obtain sensitive information like credit card numbers.

As financial transactions and currencies increasingly move online, the need for enhanced cybersecurity measures is vital to protect residents from such scams. Although there are measures and messaging in place to try to avoid this such as encouraging residents to verify fines via official websites or apps and report such messages through e-Crime Services, enhanced awareness, stronger systems, and swift reporting channels are key to combating these threats effectively.

Setting up a Cyber Security Company in the UAE

The UAE’s rapidly evolving digital landscape offers immense opportunities for businesses looking to establish themselves in the cybersecurity sector. With government backed initiatives to combat online threats and the growing need for advanced cyber defenses across industries, the market is ripe for innovation and investment across all major UAE cities including Dubai and Abu Dhabi. 

Companies setting up a cybersecurity business in the UAE can tap into a variety of specialised activities tailored to address the region’s unique needs. Some of the available cyber security activities include:

• Cyber Security Architecture
• Cyber Security Consultancy
• Cyber Risk Management Services
• Auditing, Reviewing & Testing Cyber Risks
• Data Management & Cyber Security Services

The UAE’s emphasis on creating a secure digital environment, coupled with its increasing reliance on online financial transactions, makes this an ideal time for cybersecurity companies to set up. By addressing critical needs such as risk management, architecture design, and threat mitigation, businesses can play a pivotal role in shaping the UAE’s cybersecurity future.

Where can you set up a cyber security company in the UAE?

Setting up a cybersecurity company in the UAE can be done in various jurisdictions, depending on your business model, target clients, and operational requirements.

Setting up on the mainland allows you to work directly with the UAE market and secure government contracts, which are often a significant source of business for cybersecurity firms.

There are also several free zones available to set up a cyber security company including JAFZA, ADGM, RAKEZ, DIFC, DMCC and then some of the industry specific free zones include:

1. Dubai Internet City (DIC)
   Known as a hub for tech and IT businesses, DIC is an excellent choice for cybersecurity companies looking to connect with other tech innovators and access global markets.
2. Dubai Silicon Oasis (DSO)
   This free zone caters to technology-driven businesses and offers world-class infrastructure for startups and established companies in cybersecurity.

Abu Dhabi’s Hub71 and Dubai Future District have also launched initiatives which caters specifically to innovative and tech-focused businesses. Setting up in these innovation hubs provides access to funding, mentorship, and collaboration opportunities in the cybersecurity space.

By understanding your business goals and aligning them with the right jurisdiction, you can position your cybersecurity company for success in the UAE’s growing digital economy.

With the UAE’s increasing focus on digital transformation and the rising demand for advanced cybersecurity solutions, now is the opportune moment for businesses to establish themselves in this thriving sector. Contact Sovereign PPG by emailing SovPPG@SovereignGroup.com or fill in the inline form and we would be delighted to assist.