Khalifa Fund updates its membership programs to further boost entrepreneurship

By Arya M Nair, Official Reporter
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New funding products by Khalifa Fund
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Khalifa Fund for Enterprise Development (KFED) has enhanced and updated its membership program with a variety of business add-ons, which will further encourage and enable entrepreneurship.

The membership updates include 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 Abdulla Al Mazrouei
Alia Abdulla Al Mazrouei

“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 program, 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.”

Ms. Al Mazrouei added that “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 program and will continue to make it available to a wide range of UAE start-ups and SMEs. The new membership enhancement offers will apply to all UAE entrepreneurs who meet Khalifa Fund’s existing criteria. For further details on how to register for the program.

Related: Khalifa Fund unveils eCommerce Acceleration Program for entrepreneurs