As part of the UAE’s strategy to go digital, Dr Thani bin Ahmed Al Zeyoudi, Minister for Foreign Trade, has announced incentives to bring 300 new digital businesses to the UAE in 12 months. As part of this initiative, the incorporation of new companies will be simplified, and accelerated banking services and bulk visas for employees will be provided to digital firms. Real estate incentives will also be available on commercial and residential properties for companies relocating their workforce to the UAE.
Investors setting up digital businesses will be facilitated by a network of partners, including Dubai International Financial Centre (DIFC), Dubai Multi Commodities Centre (DMCC), Dubai Internet City, and Emirates NBD, among seven organizations. They will create an ecosystem for seamless incorporation and financial services for digital-focused ventures in the UAE.
The Minister said that the idea behind removing complexities in doing business is to tell people in Europe, Asia, and the Americas, that the UAE is the best place to invest, work, live, and grow in the region.