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Trade Licences

Exempting startups from licencing related fees for a period of five years starting from the issue date.

Terms and conditions:

  • The enterprise shall be 100% owned and managed by UAE or GCC national(s).
  • The enterprise shall be in Dubai, including select free zones.
  • The Applicant or any of the partners shall not have more than five Trade licences (including licences that he/she fully or partially owns or manages)

 

Requirements :

New licence:

  • Copy of the passport
  • Copy of national ID card
  • Contact details: Mobile No. & Email
  • Business Plan/ Business Model Canvas

 

Additional requirements for renewing the licence:

  • Copy of the trade licence to be renewed

  • A letter stating the authorized signatories of the bank

 

Fees

(excluding federal government fees)

  • For the first three years: AED 1,000

  • For the fourth and fifth years: AED 2,000

 

How to apply

info@sme.ae

 

Intelaq Licence (home based businesses)

Intelaq is a licence for residents of Dubai, to run a business from home in various fields, for a small fee paid annually.

 

Terms and conditions:

  • The enterprise shall be 100% owned and managed by UAE or GCC national(s).
  • Location should be in Dubai.
  • The applicant shall not have more than two Intelaq licences.
  • Holders of Intelaq licence may not guarantee employees through the licence.

 

Requirements:

New Licence:

  • Copy of the passport
  • Copy of national ID card
  • Copy of the Premises map/ Premises ownership deed/Lease Contract
  • No objection letter from the Landlord/ the Lessor

 

Additional requirements for renewing the licence:

  • Copy of the licence

 

Fees

(excluding federal government fees)

AED 1,050

How to apply

info@sme.ae

 

 

Start Your Innovative Business with Hi2

Hamdan Innovation Incubator (Hi2) is a community of emerging creators, inventors and entrepreneurs, supporting them in their first steps towards establishing and launching their business ventures and designing prototypes for their initial innovation.

 

Benefits of Hi2 community:

  • Providing multiple workspaces ranging from virtual offices and flexible offices to closed furnished offices, in addition to common facilities and benefits such as meeting rooms, Internet service, etc.
  • Providing free consultations.
  • Providing assistance in the development of prototypes and providing guidance to the ways of protecting the intellectual property.

 

How to join

info@sme.ae

 

For more information, you can visit

www.Hi2.ae 

 

Finance Your Business via The Fund

Seed capital loan:

To reduce initial costs of starting up a business project by funding part of the capital.

 

Loan Value:

Maximum of 1 million dirhams

 

Terms and conditions

  •  The enterprise shall be 100% owned and managed by UAE national(s).
  • Enterprise to be located in Dubai.
  • The applicant shall personally implement and develop the business plan.
  • The applicant should devote time and efforts to managing the enterprise.
  • The age of the enterpriser shall not be less than 21 years and not more than 65 years at the time of payment.
  • For those with new experiences in entrepreneurship; the enterprise should meet the requirements and be economically viable.
  • The minimum financial contribution of the applicant to the funding shall be 20% or more, according to the decision of the Committee and depending on the type of activity and the degree of the risk therein, and shall be paid in advance.
  • An operation manager and an accountant shall be appointed with the consent of the Fund before starting the enterprise.

 

How to register

www.thefund.ae 

 

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