
Dubai, UAE: Foundster has introduced an innovative AI-powered platform for company formation in Dubai, simplifying the setup process for entrepreneurs. By leveraging advanced artificial intelligence trained on extensive UAE corporate law and Freezone regulations, Foundster automates 97% of the company formation journey, making it more efficient and accessible.
Digital Transformation in Business Formation
The platform integrates AI to provide comprehensive guidance, analyzing business models, ensuring compliance with legal requirements, and proposing tailored solutions for company structures. Entrepreneurs can engage with the AI Assistant on Foundster.com or via WhatsApp, mimicking a conversation with an experienced consultant.
Personalized AI Assistance
Foundster’s AI Assistant guides users through every step, from selecting business activities and naming the company to configuring shareholder structures. It also supports visa processes, providing reminders, directions, and real-time assistance, ensuring a seamless experience.
Partnership with IFZA Freezone
Foundster has partnered with IFZA Freezone to offer official list-price company formations. Jochen Knecht, CEO of IFZA Freezone, praised the collaboration: “Foundster exemplifies how technology simplifies complex processes, aligning perfectly with our mission to streamline company formation for entrepreneurs.”
Expertise and Future Plans
Tobias Hieb, the German entrepreneur behind Foundster, brings over a decade of experience in process automation and business support to this venture. Hieb plans to expand Foundster’s services to include additional Freezones and Mainland formations by 2025, aiming to establish the platform as the central hub for company formation in the UAE.