The Entrepreneur's Guide To Setting Up A Web3 Business In Dubai This guide by the Dubai Chamber of Digital Economy sheds light on how to establish a metaverse or Web3 startup in Dubai.
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In the ever-evolving landscape of the metaverse and Web3, Dubai is aiming to be a hub for innovation and growth. This guide by the Dubai Chamber of Digital Economy sheds light on how to establish a metaverse or Web3 startup in Dubai- all the way from the setup journey, to learning about the metaverse-friendly freezones, regulations, and more.
In addition to understanding the local business landscape, the below infographic also shares which freezones offer the right infrastructure and support necessary for startups to flourish in this niche space. Compliance is crucial in these sectors, and startups will need to understand the regulatory framework governed by Dubai's Virtual Assets Regulatory Authority (VARA).
Additionally, a Metaverse Service Provider license is also required for startups involved in the hosting and development of virtual environments. This is available through government authorities including Dubai Economy and Tourism (DET), Dubai Silicon Oasis Authority (DSOA), Dubai Multi Commodities Center (DMCC) and the Dubai AI and Web 3.0 Campus via the Dubai International Financial Centre (DIFC).
Understand the complexities behind setting up your metaverse and Web3 startup today- check out the full publication, Building Your Business In A Dynamic City: The Entrepreneur's Guide 2023 To Business Setup In Dubai, by clicking on this link.
Related: The Entrepreneur's Guide To Setting Up A Digital Assets Business In Dubai
