Dubai International Financial Centre, DIFC, launches a new licence for startups, entrepreneurs and technology firms. The goal of this new licence is to attract new types of businesses to the centre and is a key initiative for the Dubai Future District.
Entrepreneurs will grow 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.
Innovation License holders will join the already technology firms in the region’s largest financial free zone with over 2,500 firms and 25,000 professionals.
The new DIFC Innovation Licence comes with subsidised commercial licensing options, starting at $1,500 per year. Businesses will also gain access to DIFC co-working space at attractive rates. Innovation firms can secure up to four visas when renting desk space as well as a 50 per cent subsidy on additional visas.