Date:
Ref:
30/04/2020
30/2020
Circular No. 30/2020
Regarding criteria related to the classification
of startups
ll Economic and industrial licenses in Abu
Dhabi
Greetings,
Further to the administrative decision issued
by the Chairman of the Department of
Economic Development No. 87/2020 regarding
the definition of startups for the purposes of
qualification for any incentive or backup or
exemptions granted by the government of Abu
Dhabi in its quest to contain the outbreak of
the corona pandemic via preventive measures,
ADDED hereby stresses that the following
criteria shall be applied for the
implementation of mechanism:
= Economic startups:
+ not exceeding 5 years from its license
date and;
‘* number of effective employees below
50 without counting the partners
~ Industrial startups:
‘+ not exceeding 10 years from its license
date;
‘+ number of effective employees below
1100 without counting the partners.
‘These measures will remain valid until further
circular about this subject is issued.
Regards
Chairman
Abu Dhabi De} nt of Ecorfolie 1-24 1-0-1 2 j-ty
Development NTF ECONO ELOPVENT
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DEPARTMENT OF ECONOMIC DEVELOPMENT
30/04/2020:é353)
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