UAE Offers New Incentives for Digital Companies
UAE Offers New Incentives for Digital Companies

UAE Offers New Incentives for Digital Companies

7 july, 20221 minute to read
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The UAE announced the launch of NextGenFDI programme whish offers incentives to attract hundreds of digital companies to set up in the country.

Under the first phase of the initiative, the Emirates aims to attract 300 digital companies within the next six months. Among the incentives offered by NextGenFDI are a faster business set-up process, better access to finance, easier visa procedures and attractive commercial and residential leasing terms.

We are moving from a regional hub to a global hub, we are competing with the big boys now. The competition in the last [few] years was with the region, now we are moving to become a global hub and attract companies and FDI,

said Dr Thani Al Zeyoudi, Minister of State for Foreign Trade.

A few years ago, Dubai started positioning itself as a future global tech hub offering lax terms for new companies. In our latest article we analysed its transformation from an oil kingdom to a new digital paradise.

From Oil Kingdom to Digital Paradise
In 2021, the turnover of crypto exchanges amounted to more than $14 trillion. The concentration of such financial flows in one country promises to make it the future financial hub and bolster its investment potential.
7 july, 2022
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