Dubai is a city renowned for its advancements and cutting-edge technology. The modern era of technology has revolutionised the entire business landscape. Artificial Intelligence is the most prominent development that humans can see, a direct outcome of technological advancements.
For many, Dubai is the ideal city, rapidly emerging as a leading global hub for artificial intelligence, driven by modern infrastructure and a thriving tech ecosystem. The UAE government also deserves a huge shout-out for taking initiatives like the UAE National Strategy for AI 2031; the artificial intelligence industry offers significant growth opportunities for businesses.
In this informative blog, we will guide you through the steps of starting an AI company in Dubai and discuss other relevant details in depth.
What is an Artificial Intelligence Company?
An artificial intelligence company is a firm that develops, applies or incorporates AI tech to create products, services, and solutions.
These businesses automate jobs, analyse data, and enhance decision-making processes in various sectors by utilising Artificial Intelligence (AI) techniques, including Machine Learning, Deep Learning, Natural Language Processing (NLP), and Computer Vision.
In other words, an artificial intelligence company is thoroughly run on AI systems and produces or offers products and services that integrate AI technology.
5 Types of AI Companies
Here are the types of AI companies that are in demand in Dubai:
- AI Research & Development Companies
- AI Software & Platform Providers
- AI-Powered Product Companies
- Industry-Specific AI Companies
- AI Service Providers & Consultants
What are the steps to starting an artificial intelligence company in Dubai?
The process of starting an AI business in Dubai is almost the same as that of other companies. Whether you need to choose a jurisdiction or obtain necessary documents, the process is the same as for other business formations - just the zones and types of licenses differ.
- Choosing the right business structure: Choosing the exact jurisdiction for your business is important to run your business seamlessly. Since we know Dubai offers two main designated zones- the Mainland and the Free Zone. Both have their own benefits and advantages. The free zones for AI businesses in Dubai are;
- Dubai Internet City
- Dubai Silicon Oasis
- Dubai AI & Web 3.0 Campus
- Obtain required license: Starting any business in Dubai requires permits and other relevant documents. But as mentioned above in the blog, entrepreneurs require a business-specific permit to grow in the market. You will need a Dubai free zone AI license or a mainland license to operate legally. There are primarily 3 AI licenses.
- Technology & Software Development License
- AI Consultancy License
- Data Science & Analytics License
- Ensure AI regulations: The most important part of starting an AI company is to adhere to all the rules and regulations for ethical AI development and data protection. AI businesses should comply with the following rules;
- Data Protection Law (similar to GDPR)
- AI Ethics & Governance
- Cybersecurity Standards- must align with the UAE’s National Cybersecurity Strategy
- Opening a bank account: Opening a corporate bank account is another common yet important step to complete in starting an AI company.
- Emirates NBD
- Mashreq Bank
- ADCB
- Secure office space and thrive: The last and crucial step in making an AI company is to have decent office space if you're not opting for a virtual office. Types of offices in Dubai are as follows;
- Physical Office: Required for mainland businesses.
- Co-Working Space: Free zones like DIC and DSO offer flexible office solutions.
- Virtual Office: Some free zones allow AI startups to register without a physical office.
Benefits of Starting an AI Company in Dubai
Starting an AI Company in the era of core technology is the smartest move one can make. Here are a few benefits that the AI company offers;
- Government Support & AI Initiatives
- Business-Friendly Ecosystem & Tax Concessions
- Access to Funding & Investors
- Advanced Technology & Infrastructure
- Access to Top Talent & Networking Opportunities
- Strategic Location & Market Expansion
- AI Opportunities in Various Industries
Why is Dubai the right place to start your AI business?
The best path to follow in the Dubai Business Centre is to launch a company catering to modern freshwater needs. Businesses grow with a creative approach, within the necessary legislative and documentation space. Dubai certainly provides the ideal environment for growth, whether you are automating processes, providing consulting services, or developing AI solutions.
Do you need professional help setting up your AI company in Dubai? From licensing to compliance, Markai Corporate Services will handle everything, ensuring a smooth and trouble-free beginning. Get started now!
