Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has launched a new license for startups, entrepreneurs and technology firms.
The new Innovation License will attract new types of businesses to the Centre and is a key initiative for the Dubai Future District, which was announced in January 2020 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
The new License will support innovation, creativity and entrepreneurship in the region. 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.
DIFC continues to lead the MEASA region’s efforts to provide an enabling environment for innovative businesses that contribute to the development of the financial services and technology industries. Innovation License holders will join the already 200+ technology firms in the region’s largest financial free zone with over 2,500 firms and 25,000+ professionals.
The new DIFC Innovation License comes with subsidised commercial licensing options, starting at USD1,500 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.
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.”
Founded in Dubai/UAE, SCLG is a membership driven industry business group with 200+ corporate members. SCLG is expanding internationally to continuously enhance its global foot-print.
Managing supply chain and logistics more effectively shall contribute to positive growth of economy in range of 3% to 5% (GDP terms).
Impact of climate change on managing supply chain should be on agenda of all supply chain professionals.
Oil and Gas industry should enlarge its theme to manage supply chains of larger energy domain.
Reduction in current level of wastage in food supply chain shall help mitigate poverty.
Managing Fresh water supply chain needs attention of all.
Sophisticated demand forecast and planning for sure helps improve efficiency of supply chain.
Pro Con Online Forum , Online 16th -17th March 2021
Home Delivery Mena 2021 , Online 23rd March 2021
Global SC&Pro Influence Summit , Shanghai, China 20th -21st May 2021
Seamless Middle East , Dubai World Trade Centre 29th -30th September 2021
World Breakbulk Expo , Shanghai, China 12th -13th October 2021