Ammon News -

Dubai International Financial Centre (DIFC) has introduced the AI & Web 3.0 License to support businesses specializing in artificial intelligence and Web 3.0 technologies. This initiative aims to foster innovation and growth within the Middle East, Africa, and South Asia (MEASA) region.

AI & Web 3.0 License:

The AI & Web 3.0 License is a unique business license provided by the DIFC for companies involved in the development or deployment of the solutions based on artificial intelligence, blockchain technologies, decentralized platforms, and technological innovations such as Web 3.0. It focuses on fostering growth and innovation and provides affordable entry into one of the most mercantile centers for business in the world

Advantages of AI & Web 3.0 License

1.Cheap Licensing: It is subsidized-USD 1,500-a year; thus, making this facility effectively affordable for technology startups/small businesses. The minimal entry charge means less that can be wasted and eventually helps these startups focus on their core idea for expansion.

2.Access to State-of-the-art Infrastructure: The license holders have access to co-working space and innovation hubs of the DIFC. These facilities are designed to foster interaction amongst like-minded professionals, startups, and investors.

3.Visa Support: This license will also allow for one desk visa with a 50% discount on visa fees on the first desk. Hence, attracting and retaining skilled talent is easier so a company can build good professional teams.

4.Strategic Ecosystem: The DIFC has a fast-growing pool of technology companies, banks, and investors. Businesses with an AI & Web 3.0 License could avail themselves of networking events, mentorship opportunities, and other accelerator programs.

5.Tax Efficiency: The DIFC gives companies vast savings as it by zero corporate/income tax for a certain number of years. This gives companies a chance to reinvest profit into growth and innovation.

Key Features of the AI & Web 3.0 License:

• Subsidized Licensing Fees: Starting at an annual fee of USD 1,500, it is affordable for startups and established companies.
• Access to Co-Working Spaces: Fight license holders along with access to DIFC's best co-working spaces that foster collaboration and networking opportunities.
• Reduced Visa Expenses: The license allows up to two visas on the first desk, leading to a reduction of up to 50% on visa costs, which makes it much easier to hire important talents into the enterprise.

Application Process:

• Express Interest: Start a conversation with the DIFC team about your proposed innovation firm.
• Submit Application: Fill up your application for preliminary approval through the DIFC portal.
• Register Your Entity: Upon obtaining preliminary approval, register the entity, including obtaining space within DIFC. Registering successfully will enable DIFC to issue you a certificate and license.

Benefits of Establishing in DIFC:

• Strategically Located: Being in Dubai, the DIFC provides an access point into a pool of varied and affluent clientele, thus getting a prime market ready for AI and Web 3.0 services.
• Support Ecosystem: DIFC has a lively supporting ecosystem that brings together mentorship, networking opportunities, and a well-established legal structure.
• Innovation Hub: DIFC has the best-in-class AI & Web 3.0 Campus to house their physical and digital infrastructure, R&D facilities, accelerator programs, and co-working spaces.

By licensing in AI & Web 3.0, businesses will apply the resources and strategic benefits that the DIFC provides-spanning initiation or extension of business within the MEASA region.