In an effort to boost investment in innovation and open up a new business avenue in the region, DIFC launches a new licensing option to support “innovation, creativity and entrepreneurship”. The new licensing option will benefit from a number of incentives including a licensing cost of USD 1500, co-working spaces at attractive rates and 50% discounts on visas.
This initiative aims to support Dubai’s drive to be a nexus for business and an integrated investment environment, and is a key step in the establishment of the Dubai Future District which will see the Dubai International Financial Centre, Dubai World Trade Centre, and Emirates Towers directly linked.
Targeting startups, entrepreneurs and technology firms, the new Innovation License will attract new types of businesses to the Centre and allow entrepreneurs to launch and scale their business using the DIFC’s independent English Common Law based legal and regulatory framework, world class intellectual property and data protection regime.
If you are interested in exploring this further or are interested in establishing your business in the UAE, Saudi Arabia or Kuwait, get in touch and one of our experts can guide you through the process.
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