New License launched by DIFC (Dubai International Financial Centre) starting from $1,500 for entrepreneurs and startups

DIFC, Dubai International Financial Centre, has released an innovative new license for entrepreneurs, technology firms, and startups that operate in the radius of the financial free zone in the United Arab Emirates.

This new license has subsidized licensing options on a commercial level, which starts from $1,500 per annum.

At a starting price of $500 per month, businesses can approach the Dubai International Financial Centre (DIFC)’s flexible desk and co-working spaces.

Businesses can obtain up to 4 visas when taking up desk space on rent. Moreover, they can secure up to fifty per cent of subsidy with additional visas.

This new offer has a lot of potentials and will most definitely attract the agnostic, technology-led businesses, especially the startups, that can disrupt the financial and technology sectors. These businesses will play a crucial role in the future of Dubai’s economic growth and stability. DIFC’s ecosystem members will welcome these businesses and will help them in becoming part of the Dubai Future District.

Furthermore, the innovation license by DIFC gives a valuable springboard for the economy pioneers in the future to upscale and establish their companies while maintaining themselves inside the framework of the global financial center.

Dubai International Financial Centre (DIFC) is well known as the biggest financial free zone in the region with more than 25,000 employees and approximately 200 technology firms.

It was revealed last week, that more than 620 startups applied for the Fintech Hive accelerator program this year. Previously, in 2019, about 425 applications came in, which shows DIFC’s progress record.