In order to promote and facilitate entrepreneurship in the emirate, the Khalifa Fund for Enterprise Development has announced that its membership programme has been improved and updated with a variety of business add-ons.
It has been formally stated by the Khalifa Fund for Enterprise Development that its membership programme has been improved and updated with a number of business add-ons, which will further promote and facilitate entrepreneurship.
The updates to membership include no restrictions on access to membership based on the age of the company, where previously any trade license that was older than five years would not be valid for membership; fewer age restrictions, with anyone who is 21 or older being eligible for Khalifa Fund membership; membership renewals being extended from three to seven times per business; and an unlimited number of trade license business registrations, which was originally one license per entrepreneur. In order to provide opportunities and reduce constraints for the UAE’s entrepreneurial environment and promote business development, Khalifa Fund has improved its membership packages.
The updates to membership include:
- A member may register an unlimited number of trade license businesses; previously, each entrepreneur needed a separate license.
- There are no longer any minimum age requirements to join the Khalifa Fund, and the number of renewals per business has increased from three to seven.
- Whereas before any trade license that was older than five years would not be valid for membership offers, there are no restrictions on access to membership depending on the age of the company.
Khalifa Fund CEO Alia Al Mazrouei said: “At Khalifa Fund, we always work to find new approaches that will help the UAE’s entrepreneurial infrastructure and further improve the ecosystem. Business owners will have access to ground-breaking and cutting-edge offers through our new membership program, which will drive further enterprise development and make business practices more accessible and effective. “Making entrepreneurship more accessible to people is a vital component of our membership upgrade, and with youth development being a major element of our mission, I’m glad to extend Khalifa Fund’s membership to any entrepreneur aged 21 and above,” Al Mazrouei continued.
