How to Setup an Artificial Intelligence Company in Dubai?

Artificial Intelligence (AI) has become omnipresent in our day-to-day lives. AI is one of the world's fastest-growing industries, so starting an artificial intelligence company in Dubai would be beneficial.

And with outwardly endless use cases, from business and banking to hospitality, healthcare, and technology, it’s doubtful to slow down any time soon. The United Arab Emirates, known for its technological evolution in recent years, is not behind in this race.

AI will likely impact the economy by USD 230bn in the Middle East by 2030. The UAE is expected to see the most significant benefit, accounting for almost 14% of the total.

Considering these stats, it is wise to dive into Artificial Intelligence because IoT is the future. But, how will you take forward your dream?

Setting Up an Artificial Intelligence Company in UAE

Since the AI landscape is so huge and can cover many industries, you must decide the parameters of what specific niche you plan to cover as a part of your pre-launch business plan. By narrowing down your niche, it will be easier to decide what jurisdiction is best for your start-up.

The steps to start your AI business in Dubai is as follows –

1. Decide on a Trade Name

You’ll need to comply with a few naming conventions when choosing your trade name. They include:

• Only full names are allowed, and no abbreviations
• It cannot include any potentially offensive or blasphemous words
• Must be available to register.

2. Get a Business License

To get your license, you need to submit these documents –

• Passport copies, visa, and Emirati ID (if applicable)
• Copy of company license (for the applicant and all Shareholders)
• Summary of your business plan
• Attested Birth Certificate.

3. Apply for a Visa

You can make this application to the pertinent immigration department. Or, when incorporated in a free zone, the visa services in Dubai application form part of the leading business registration process and can be managed on your behalf.

4. Undergo a Medical Test

After submitting further documentation, you will also be required to undergo biometric capturing and a medical test and fitness exam.

Freezones Dedicated to Dubai AI Companies

• DTEC was initiated by the Dubai Silicon Oasis Authority for Artificial Intelligence businesses. It provides facilities ranging from affordable business licenses and co-working spaces with high-speed internet to various creative meetings and events
• The TECOM free zone communities initiated In5. It offers training, investment opportunities, mentorship, prototyping labs, networking, and creative workspaces
• In5’s three specialized innovation centres provide entrepreneurs with access to a community of leading creative minds in the region
• DMCC has partnered with Astrolabes, a regional leader in corporate tech incubation, training, and acceleration. Its entrepreneurship program can offer hands-on support covering start-up design and customer validation fundamentals, including market sizing, digital acquisition, pitching, and forming a capable team.

Mainland’s Initiative towards AI in Dubai

If you go for a mainland license, joining the Dubai Future Accelerators (DFA) program can be advantageous. DFA gives AI businesses a rare chance to receive unmatched access to the resources and knowledge of Dubai's government agencies.

The local government continues to be one of the top investors in the area because it strongly believes in AI's revolutionary potential. You can build your artificial intelligence business by meeting governmental challenges.

You can concentrate on problems in the private sector. You will access unparalleled data if you take the government path.

A data scientist's and an AI scientist's dream, perhaps. Funding may be easier to obtain if you demonstrate good pilot initiative results.

We at Commitbiz can assist you with opening your AI Dubai dedicated business in the UAE. If you decide to incorporate a company, contact us today.