ADGM Introduces Commercial License at Dh2,570 for Tech Start-ups

ADGM Introduces Commercial License at Dh2,570 for Tech Start-ups
by Aswani

Abu Dhabi Global Market has introduced a new commercial license for tech Start-ups, at a nominal cost of Dh2,570.  Apart from the operational license, one also gets the option for four residency visas and a registered address.

In an initiative to support the region’s ever-growing start-ups, Abu Dhabi Global Market has also come up with the professional services support programme. The programme aims to address the growing demand for business-building skills. Many prominent local and international advisors will be part of the programme, helping entrepreneurs build business skills and enhance the scalability of their ventures.

The tech start-up license and the professional services support programme provides “tangible solutions to address set-up costs, access to funding and business support.”

The start-up license is available to all companies irrespective of the sector and it adheres to all international standards. Companies will be able to leverage ADGM’s top-tier ecosystem of investors, advisors and corporate partners and operate their businesses at scale, with the help of the license and professional services support programme.

ADGM is one of the most ideal platforms for start-ups planning to expand in the GCC and the greater MENA region. It is an international financial centre that acts as a key pillar of Abu Dhabi’s Economic Vision.  The Abu Dhabi free zone provides a wide spectrum of services such as banking, insurance, wealth management, asset management and capital market activities.

The Abu Dhabi government plans to make the emirate an attractive base for new businesses along with promoting economic diversification and stimulating the region’s innovation environment. These two recent initiatives are a part of this mission.