Abu Dhabi Global Market Introduces Cheap as Chips Technology Licenses

Technology startups now have the option to enter the UAE marketplace with the ability to obtain an Abu Dhabi free zone business license starting as low as USD $700. This is a great incentive for those that are looking to start a company in Abu Dhabi. Furthermore, technology startups will have a legal presence and a company trade license that is fully compliant.

Abu Dhabi Global Market (ADGM) Company License Details

This license type is applicable to technology startup companies and entrepreneurs that are looking to start a company in ADGM free zone only. A great advantage is this license will permit new companies to be eligible for up to (4) four United Arab Emirates residency visas. Additionally, this license will enable the company to complete the mandatory office rental requirements that will permit a new technology startup company to have a registered business address. The license is available through a variety of technology activities all from as little as USD $700 or AED 2,570.

ADGM free zone has introduced a new platform known as Professional Services Support Programme which is set out to help, support and develop entrepreneurs in various sectors and add value to their business all whilst improving and expanding on their skills. Professional Services Support Programme aims to cover subjects in the areas of: legal, compliance, finance, accounting and value-added tax (VAT).

The tech-start up license and Professional Services Support Programme provide tangible solutions to address setup costs, access to funding and business support,” said ADGM Registration Authority CEO Dhaher Bin Dhaher Al Mheiri. “They are only two of the many ADGM initiatives designed to help this important sector.

The advantages of an ADGM company structure combined with Abu Dhabi Government focusing on providing excellent support initiatives and a better entrepreneur ecosystem are just some of the attractive pull factors for those that are considering company formation in Abu Dhabi. The government supports such initiatives to appeal to new business startups and innovation, strengthen the economy, develop and stimulate entrepreneurial spirit.

ADGM is becoming an ideal platform for companies that are looking to startup or expand to the UAE and GCC. With the new license services and the Professional Support Programme, entrepreneurs will be able to influence top-tier ecosystems of investors, private equity firms, seek partnerships to operate and maximize their business.

For more information on ADGM free zone, visit our Abu Dhabi Global Markets (ADGM) Free Zone page.