ADGM Tech Startup License

Not all startups are eligible for an ADGM Tech Startup License. An application must include a detailed business plan demonstrating that the company is a technology-driven startup with an innovative business concept that has the potential to scale, promotes innovation, can be deployed in the UAE, and contributes to the development of the local economy. Simply using technology within the business is insufficient; there must be an element of technology innovation.

There are two types of ADGM Tech Startup Licenses available: Seed and Emergent. The license available to a startup will depend on the stage of maturity which is based on full-time employees and years of operation in the UAE. The licensing fee payable to ADGM vary depending on the type of license applicable to the startup.

There is no minimum share capital and no maximum number of shares or shareholders for an ADGM Tech Startup License. Entrepreneurs from any country can apply for a license, but they will need to appoint at least one signatory who is a UAE Resident or GCC National. Clara can provide nominee signatory services.

The incorporation application, renewal filings and ongoing administration of an ADGM Tech Startup License is entirely digital and documents can be signed digitally. There are minimal annual obligations with no need to hold an annual shareholder meeting unless requested by the shareholders and reduced financial reporting requirements.