- DMCC company licence
- Complimentary access to DMCC co-working facility
- Access to funding, mentoring and alumni network
- 50% discount on second year’s renewal fees
SETUP JOURNEY
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Identify your business activity
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Know the regulations
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Pick your business structure
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Apply for trade license
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Metaverse Services Provider license application
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Additional approvals
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Visa applicatons
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Open a bank account
As you set up your gaming or metaverse startup, make sure to learn the local regulations for operating in the metaverse as well as virtual assets governed by Dubai’s Virtual Assets Regulatory Authority (VARA). You will be required to show a detailed business plan and proof of share capital during the setup process.
SUPPORTING FREEZONES FOR GAMING
Dubai Multi Commodities centre
Average setup time 4 weeks
Physical presence requirement No
Starts at AED 30,951/year
Dubai Internet City
- Flexi-desk, fixed desk or private office
- Permit to secure up to 2 residency visas on a flexi-desk
- Access to incubator, investment support, networks, events
Average setup time 1 weeks
Physical presence requirement Yes
Starts at AED 40,000/year
Meydan Free Zone
- Flexi-desk and dedicated office
- 0, 1, 3 and 6 visa packages
- License packages available on 0% payment plans
Average setup time 4 weeks
Physical presence requirement No
Starts at AED 12,500/year (W/O visa); AED 14,350 (1 visa)
Dubai Technology Entrepreneur Centre
- Flexi-desk coworking package, fixed desk or private office
- Permit to secure up to 2 residency visas on a flexi-desk
- Access to incubator, investment support, venture capitalists, corporate partner labs, events
Average setup time 1 weeks
Physical presence requirement Yes
Starts at AED 15,000/year
ACCELERATORS & INCUBATORS
RESIDENCY
OPEN A BANK ACCOUNT
Every bank has a target market. Banks decide whether you fit their customer criteria based on your area of business, turnover and product usage. International banks in the UAE typically do not have a proposition for smaller companies with annual turnover of less than AED 50 million or limited number foreign exchange and trade transactions, and cash management business. On the other hand, some regional and local banks in UAE offer more startup-friendly propositions, including:
GLOBAL NEO BANKS
Some tech startups in the UAE with global customers prefer to bank in USD and use global neobanks like:
