Insights
DIFC Unveils A New Innovation License

DIFC Unveils A New Innovation License

Every businessman’s main objective in running his business is for it to expand, to grow, and to develop. Also, considering a place is a vital factor to operate a business as it empowers speedier set-to-up and smoother assignments. Choosing to start a business in the UAE is a good decision and selecting a specific place inside Dubai will incredibly assist with achieving a better than average quality business.

A Special Economic Zone in Dubai

Dubai International Financial Centre (DIFC), consistently recognized as the leading financial centre in the Middle East, Africa and South Asia region, is such a good place to invest a business. DIFC has launched a new business license for new business, businesspeople, and technology firms.

The said innovation license will be attracting new kind of organization to the centre. In corresponding with the announcement in January 2020 made by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, this will be the key initiative for the Dubai Future District.

DIFC, known for giving an enabling environment for the growth of the businesses, will continue to lead the MEASA regions effort to do the same thing for the innovative businesses to continue the development of the financial services and technology industries. The holders of the said Innovation License will be joining the already 200+ technology firms in the locale's biggest financial free zone.

DIFC new License for Creativity and Entrepreneurship

Starting at USD1,500, this new innovation license for creativity and entrepreneurship includes a commercial licensing option. Likewise, the accessibility to the co-working space of the DIFC at very attractive rates will also be one of many things which will be enjoyed by the DIFC Licensee holders. Innovation firms can also secure up to four visas when renting disk space and a 50 percent subsidy on additional visas.

In the midst of the chaos happening in the world nowadays, this new DIFC innovation license gives hope to the people that it will be valuable for the businesses in the future. This can pull in innovation drove, sector agnostic start-ups that will disrupt the innovation and financial sectors.

Wrapping up of the advantages

There are several advantages of having the innovation license such as the following:

  • Attracts new kind of organizations to the centre
  • Supports advancement, creativity, and enterprise in the region
  • Joins the effectively 200+ innovation firms in the locale's biggest financial free zone
  • Gains admittance to DIFC cooperating space at appealing rates

Company Formation in Dubai

Having a business setup consultant is such a good way to consider when you are planning to run a business in Dubai. Business setup consultants in Dubai will help you in preparing all the required documents for your business setup. They will also guide you with the law and clearances needed for the setting up of businesses.

We at AMCA, we offer a company formation in Dubai and the rest of the UAE. You can rely on our expertise and experience to take care of the company’s technical and tedious task which requires a lot of documentation and clearances. We will do the paper works, so that, you can focus on innovation & improving your product.

AMCA offers the following

  • Mainland Company Formation
  • Free Zone Company Formation
  • Offshore Company Formation

22 Sep 2020

Mohammad Sharique Nadeem

Business Analyst