UAE launches ‘NextGen FDI’ to attract world’s digital businesses and talent and set up here

UAE launches ‘NextGen FDI’ to attract world’s digital businesses and talent and set up here

Dubai: The UAE Ministry of Economy has launched a project to bring more than 300 digital-focussed businesses to set up bases here within six to 12 months. The ‘NextGen FDI’ initiative will provide these companies with necessary market entry support to launch and scale from within the UAE. The Ministry plans to roll out additional features in the coming months. Businesses wanting to base here will be helped with faster incorporation processes, through bulk visa issuance, accelerated banking services, and providing commercial and residential real estate incentives for companies relocating personnel to the UAE. The programme will focus on new-gen companies who specialise in software development, data scientists, computer programming and digital asset entrepreneurs. “We want to show digitally-enabled companies from Europe Asia, and the Americas that UAE is the world's best place to live, work or invest,” said Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. “We are promising to offer high but practical measures making it painless and rewarding for companies to relocate here in the UAE. We want to show that we are here to help from the commercial license, work visas, opening bank accounts, finding the place to set up offices.” “Today,