Khalifa Fund revamps membership programme offering UAE entrepreneurs unlimited business registration

Khalifa Fund revamps membership programme offering UAE entrepreneurs unlimited business registration

ABU DHABI, 9th September, 2022 (WAM) -- Khalifa Fund for Enterprise Development has officially announced that its membership programme has been enhanced and updated with a variety of business add-ons, which will further encourage and enable entrepreneurship.

The membership updates includes an unlimited amount of trade license business registrations, which was originally 1 license per entrepreneur; fewer age restrictions, with anyone being 21 or older viable for Khalifa Fund membership; membership renewals being extended from 3 times to 7 times per business; and no restrictions to have access to membership based on the age of the company, where previously any trade license that was above 5-years old would not be valid for membership offers. Khalifa Fund has enhanced its membership offers with the objective of providing the UAE’s entrepreneurial ecosystem with increased opportunities and fewer restrictions to encourage enterprise development.

Alia Al Mazrouei, CEO, Khalifa Fund for Enterprise Development, stated, "At Khalifa Fund, we’re constantly striving to identify new methods which will support the UAE’s entrepreneurial infrastructure and further enhance the ecosystem. Through our new membership programme, entrepreneurs will have the capacity to ground-breaking and innovative offers which will encourage further enterprise development and enable business practices to be more accessible and efficient.

"There are a vast array of enhancements that have been made and are now available to existing and new members. Effective immediate, entrepreneurs will have the capacity to register an unlimited number of businesses to Khalifa Fund’s membership. In addition, membership renewals have been more than doubled, with entrepreneurs able to renew 7 times, and there are also no restrictions on the age of the company; previously trade licenses above 5 years old were not available to Khalifa Fund’s membership programme."

She added, "A key aspect to our membership enhancement is to make entrepreneurism more accessible to people, and with youth development being a major part of our focus, I’m delighted to extend Khalifa Fund’s membership to any entrepreneur aged 21 and above."

Khalifa Fund has helped over 2,200 businesses through its membership programme and will continue to make it available to a wide range of UAE start-ups and SMEs. The new membership enhancement offers will be applicable to all UAE entrepreneurs who meet Khalifa Fund’s existing criteria.