The United Arab Emirates (UAE) has solidified its position as a global leader in the encryption equipment trading industry. The country’s strategic initiatives, coupled with its favourable business environment and growing demand for cybersecurity solutions, have created a conducive climate for entrepreneurs in this sector.
The UAE government’s active promotion of cybersecurity development, including the establishment of specialised centres and the implementation of the National Cybersecurity Strategy, has played a pivotal role in fostering growth. Moreover, the UAE’s strategic location at the crossroads of Europe, Asia, and Africa provides unparalleled access to a vast market for encryption equipment. As the reliance on digital technologies continues to increase across various sectors, the demand for advanced encryption solutions has surged, driving the growth of the encryption equipment trading industry.
In this booming environment, entrepreneurs who want to kickstart their businesses can choose the following business activity under their business license.
4651.87 – Encryption Equipment Trading
Encryption equipment trading involves the buying, selling, and distribution of devices or software used to encrypt data. Encryption is the process of converting plain text into a coded form, making it unreadable to unauthorised parties. This is crucial in protecting sensitive information from cyber threats. Types of encryption equipment include hardware encryption devices, such as Hardware Security Modules (HSMs) and Secure Encrypted Drives (SEDs), and software encryption tools such as encryption algorithms and encryption software. Encryption equipment is used in data protection, facilitating secure communication, compliance, and cloud security.
This business activity excludes the wholesale of electronic parts, wholesale of office machinery and equipment (except computers and peripheral equipment), and the wholesale of computer-controlled machinery.
Third-party Approval: Business activity 4651.87 is exempt from this requirement
Filing of Economic Substance Return: Business activity 4651.87 is exempt from this requirement
Anti-Money Laundering Compliance: Business activity 4651.87 is exempt from this requirement
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