DIFC is a pivotal and sector specific business hub, now open and available to all start-ups, entrepreneurs and technology firms. It offers innovators an opportunity to establish, grow and scale up their innovative businesses with the DIFC Innovation License.
DIFC innovation license will be very effective for an entrepreneur to start their dream business in UAE under Common Law jurisdiction. The Dubai International Financial Centre (DIFC) has launched a new Innovation License for start-ups, entrepreneurs and technology firms which choose to operate within the financial free zone in Dubai.
Following are the advantages of this DIFC innovation license.
- The new license comes with options starting at $1,500 per year
- Businesses will also have access to DIFC’s co-working space and flexible desk spaces at a price starting from $500 a month
- They can secure up to four visas when renting desk space as well as a 50 per cent subsidy on additional visas
- Several other benefits based on one’s business plan
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority said, “The new DIFC Innovation License provides an important springboard for future economy pioneers to establish, upscale and future proof their business within the stable framework of a world leading global financial centre” “It is an exciting new offering that we hope will attract technology-led, sector agnostic start-ups that will disrupt the technology and financial sectors. These types of businesses have an important role in shaping the economic future of Dubai, UAE and the region. They will be welcomed by members of DIFC’s ecosystem and become a central part of the new Dubai Future District.
DIFC is the biggest and largest financial free zone which has attracted high more net worth value companies and Fintech companies in the MENA region.
A good consultancy firm is required for setting up a business in DIFC. Flyingcolour aims to provide their client’s an efficient and inexpensive business establishment process.
This blog is written by Mr Ajmal Idrisi, Business Advisor at Flyingcolour Business Setup, VAT and Accounting Services, Dubai. If you have any question regarding getting a DIFC Innovation license or setting up a business anywhere across the UAE then please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.
Please Note: This article was published on 06th December, 2020. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.