The new tech start-up licence is highly flexible allows start-ups to receive a full operational licence at a nominal cost of $700.
The Abu Dhabi Global Market (ADGM) has announced the launch of the new commercial licence for tech start-ups for entrepreneurs, according to local newswire, WAM.
The start-up licence permits entrepreneurs to obtain an ADGM operational licence, taking advantage of the same globally recognised international operating standards that current ADGM funds, multinationals as well as SMEs, advisers and other registered entities benefit from.
The new tech start-up licence is highly flexible, it also has the option to apply for four residential visas and meet the requirement for a registered address through a range of options.
Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority, said, "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.”