UAE-based Virtuzone, a company formation and corporate services entity, has announced plans to build a flagship metaverse office tower in partnership with pax.world.
The metaverse office tower, will be called The V, and will provide an interactive, end-to-end ecosystem for digital nomads, remote workers and global entrepreneurs.
The V will house a virtual office environment and will offer a host of features that individuals can use simultaneously such as metaverse avatars, online video conferencing and communication capabilities, virtual meeting rooms, event spaces, town halls and more.
In addition to providing a wholly digital environment where entrepreneurs can seamlessly connect and network, The metaverse office, the V, will include global banking services, accounting and auditing, Know Your Customer (KYC) and compliance procedures, visas and HR solutions.
The V will also enabled businesses to establish highly tax-efficient legal entities, utilise legal decentralised autonomous organisation (DAO) structures and benefit from real-world office spaces and mailing addresses, backed by a digitalised mail distribution system.
“It is our vision as a company to be at the helm of creating a borderless business environment, where geographical boundaries do not exist and entrepreneurs from all over the world enjoy the freedom to do business and transact with one another in a secure environment. Working hand in hand with pax.world signifies our solid commitment to making this a reality,” said George Hojeige, CEO of Virtuzone.
According to Virtuzone, the metaverse skyscraper is meant to attract and provide a virtual headquarter to millions of digital nomads around the world.
This will further foster and strengthen the UAE’s digital economy, and attract foreign direct investment.
Frank Fitzgerald, Founder of pax.world, added, “Virtuzone is the perfect partner for our professionally-based metaverse. They will serve as a launch pad for Dubai-based businesses to enter the world of Web3. We are excited and look forward to endless possibilities.”
