Telephone Numbers
Telephone Numbers
Obtaining a Dubai Artificial Intelligence and Coding License
For detailed information +90 542 381 3868 'Call.
When it comes to fostering digital innovation, Dubai can rival any country in the world. The new Artificial Intelligence (AI) and Coding License, launched by the Dubai International Financial Centre, exemplifies this focus on business formation in Dubai. The AI & Coding license is the first of its kind to be launched in the country, making the business setup environment in the DIFC even more attractive for innovative entrepreneurs. Beyond the surface, business setup consultants in Dubai can advise you on how to obtain the license.
The Artificial Intelligence (AI) and Coding License was launched to encourage Artificial Intelligence (AI) investment and to attract companies and coders from around the world to relocate to Dubai, UAE. Another objective of this License is to achieve the vision and goals of the UAE Dubai AI Strategy 2031. Before applying for this License in Dubai, you need to know its requirements and features.
Artificial intelligence is the replication of human intelligence processes by machines, most notably computer systems. Specific applications of AI include expert systems, speech recognition, natural language processing, and machine vision.
AI is a method where a computer can interact with data through statistical analysis, enabling it to understand, analyze, and learn from data via specially designed algorithms. This is an automated process. Machines with artificial intelligence can remember behavioral patterns and adapt their responses to accommodate or support those behaviors.
Some of the core technologies that constitute artificial intelligence are machine learning, natural language processing, and deep learning. Some popular AI applications include Google Maps navigation, search algorithms, facial recognition, ChatGPT, digital assistants, and electronic payment solutions.
The year 2023 appears to be full of magnificent opportunities and amazing surprises. This opens a path for AI companies and individuals from around the world to immigrate to the United Arab Emirates. Launched on Tuesday, March 1, 2022, the Artificial Intelligence (AI) and Coding License is your key to a bright future in the city of your dreams, Dubai.
As part of the UAE Dubai's AI Strategy 2031, this unique initiative, led by the Dubai International Financial Centre in partnership with the UAE Dubai AI Office, is expected to attract 100,000 coders to the UAE by 2026 by adding an AI investment opportunity.
The primary objective of the artificial intelligence and coding license is to increase investment in AI and attract AI businesses and coders from around the world to relocate to Dubai, UAE. Another purpose of this License is to achieve the vision and goals of the UAE Dubai AI Strategy 2031. The license enables companies to operate within the DIFC Innovation Hub, the region's largest cluster of FinTech and innovation companies, representing over 60% of all FinTech entities in the Gulf Cooperation Council.
The main objective of the DIFC Innovation License is to secure financial technology in the town. The DIFC Fintech Hive will play a crucial role in its growth. It will provide different types of startup advantages. Almost all tech startups, such as Edutech, regtech, and fintech, will be granted a startup license. Any business wishing to expand in the country can do so with the help of a license. The DIFC is also working to reduce office space fees. It is working to create an ecosystem that will help angel investors leverage venture capital in a company.
Having an AI license in the DIFC can be quite beneficial. Therefore, the most important Benefits of the Artificial Intelligence License include:
From the creation of the UAE Dubai Artificial Intelligence Council to the launch of various programs, the government is making significant strides in supporting the AI industry. In the field of education, many universities offer undergraduate and postgraduate courses in artificial intelligence. Scholarships are also provided to students studying courses in the UAE and abroad. Initiatives like the National Coder Program, the UAE AI Internship Program, and the AI Summer Camp aim to cultivate IT talent and innovation.
To obtain an AI and coding license in the DIFC, you must register for an Innovation License. Thus, the Dubai Financial Services Authority will manage all activities. The business setup process in DIFC is simple and can be completed in just a few steps. You can save yourself further headaches by applying through a Dubai business setup company like World Company Setup, rather than contacting the Free Zone Authority directly. The process of obtaining a DIFC AI and Coding License consists of the following steps:
Submission of a business plan detailing the idea and KYC
If the authority likes the idea, DIFC will grant an initial approval.
Apply for a license with the registrar by submitting your activities, company name, and legal structure
Submission of documents
DIFC issues the License
Apply for visas and bank accounts
The cost of obtaining an AI license in DIFC
Registration fee, which is $600
License fee, which is $2,500 annually
Data Protection Fee, which is $750 (1st year, $200 thereafter)
Co-working space, which is $300 (monthly)
Why choose World Company Setup as your consultant?
Setting up a business in the DIFC is flexible, as the free zone offers excellent support services for startups and other companies. However, foreign entrepreneurs may find some procedures challenging due to their lack of knowledge of UAE immigration and business laws. This is where business setup consultants in Dubai, like World Company Setup, can be helpful. World Company Setup is a leading provider of efficient business setup services in the DIFC free zone, with many years of experience helping individual entrepreneurs, startups, and multinational corporations.
Our qualified consultants, who are knowledgeable in such matters, can assist you in obtaining an AI and coding license in the DIFC freezone. We offer services such as preparing document templates, opening bank accounts, and handling visa procedures for business owners, employees, and their families. World Company Setup also assists your business in complying with Economic Substances, Ultimate Beneficial Ownership, and Anti-Money Laundering and Counter-Terrorism Financing laws.
+90 542 381 3868
+971 58 5204103