Through this collaboration, startups and scaleups in AI, Web3, and emerging technologies will gain seamless access to trusted KYC, KYB, and verification solutions
Sumsub and Ras Al Khaimah Innovation City, the world's first free zone dedicated to digital asset companies, AI, Web3 and innovation businesses, announced a strategic partnership aimed at assisting international firms to establish compliant operations in the UAE from day one. By combining efficient business setup with trusted verification technology, the partnership will help founders navigate regulatory complexity and accelerate secure innovation across the UAE's rapidly evolving technology landscape.
Through the collaboration, companies within Innovation City network will gain streamlined access to Sumsub's verification and compliance solutions, including Know Your Customer (KYC), Know Your Business (KYB), and other compliance services. The partnership is designed to bridge the gap between company incorporation and operational readiness, enabling businesses to launch securely while meeting regulatory requirements from the outset.
“We're excited to announce a strategic partnership between Innovation City and Sumsub to simplify compliant business setup for global companies expanding into the UAE”, comments Paul Dawalibi, CEO at Innovation City. “Through this collaboration, startups and scaleups in AI, Web3, and emerging technologies will gain seamless access to trusted KYC, KYB, and verification solutions from day one by helping them launch faster, operate securely, and scale with confidence. Together, we're building an integrated ecosystem that makes it easier for innovators to establish, grow, and succeed in the UAE.”
By integrating compliance into the business setup journey, the partnership will provide a seamless experience for startups and technology companies entering the UAE market, particularly those operating in AI, Web3, digital assets, and other high-growth sectors. At the same time, the collaboration strengthens Sumsub's presence within one of the region's leading innovation ecosystems while supporting Innovation City's mission to make company formation faster, simpler, and more business-friendly.
“The UAE is one of the world's most dynamic innovation markets, and we're proud to become a trusted compliance partner for companies launching their businesses through Innovation City. Our goal is to be the first point of contact for compliance, helping businesses implement the verification infrastructure they need to operate securely, meet regulatory requirements, and scale with confidence,” says Andrew Sever, co-founder and CEO at Sumsub. “Sumsub and Innovation City share a vision of creating an integrated ecosystem where companies can seamlessly incorporate their businesses while implementing the compliance infrastructure necessary to support sustainable growth.”
About Innovation City
Innovation City is a dedicated Free Zone established to support and nurture digital assets companies innovating in new and emerging sectors of the future. Situated in the UAE that offers a transparent legislative framework that simplifies the process of opening and operating virtual assets companies. By fostering a vibrant ecosystem and providing comprehensive services, Innovation City drives the future of emerging sectors, propelling innovation, and unlocking the potential of digital assets.
