ADGM launches licence for tech start-ups
The Abu Dhabi Global Market has launch a new commercial licence for ADGM tech start-ups.
The licence is sector-agnostic and enables entrepreneurs to obtain an ADGM operational licences.
They can receive a full operational licence, the option to apply for four residential visas and meet the requirement for a registered address through a range of options at $700 (Dh2,571). The ADGM also introduced a Professional Services Support Programme aimed at helping entrepreneurs build up business skills and enhance the investability of their ventures, covering areas such as legal, compliance, finance, accounting and value-added tax (VAT).
“The Tech Start-up Licence and the Professional Services Support Programme provide tangible solutions to address set-up costs, access to funding and business support,” said Daher Bin Daher Al Muhairi, CEO of the ADGM Registration Authority.
