News and topics
Dubai's regulatory landscape for technology companies
Tue, December 17, 2024
Dubai offers a simple, straightforward and streamlined process to set up any technology-driven business.
Dubai offers a simple, straightforward and streamlined process to set up any technology-driven business.
AI and virtual asset regulations
Start-ups focused on artificial intelligence (AI) receive resources and support from the Dubai Centre for Artificial Intelligence (DCAI), a key player in the city’s AI adoption strategy. The DCAI also offers training programmes for global and local start-ups.
Additionally, Dubai was the first city in the world to establish a Virtual Asset Regulatory Authority (VARA). Businesses dealing with the blockchain, metaverse or virtual assets sectors must obtain a VARA licence after providing the required documents and receiving an approval from the Authority following an application review. VARA licences span multiple categories including exchange services, advisory, broker-dealer and more. More information is available on the VARA website.
In 2024, the government also launched the Dubai Research, Development & Innovation Grant Initiative. Under the aegis of the Dubai Future Foundation, the Grant will provide funding to innovative research projects across a variety of economically significant sectors, including healthcare, life sciences, cognitive cities, robotics and AI. Its objective is to boost Dubai’s overall future-readiness, while also cementing its reputation for capitalising on technological advancements to drive sustained economic growth and progress.
Telecom regulation and oversight
Setting up a public telecommunication service in Dubai requires a TDRA licence. Currently, two telecommunications operators are licensed in the UAE:
- Etisalat by e&
- Emirates Integrated Telecommunications Company PJSC (du) which also operates Virgin Mobile