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What are the costs of a DIFC Innovation Licence
What are the costs of a DIFC Innovation Licence
Updated over a year ago

Fee (excluding VAT)

Incorporation

Clara service fee

USD 1,650

DIFC licensing fees

USD 1,850

Total

USD 3,500

Annual Renewal

Clara service fee

USD 1,650

DIFC licensing fees

USD 2,050

Total

USD 3,700

The Clara incorporation service fee includes:

  • preparation of KYC and incorporation documents with up to two shareholders (each additional shareholder charged at USD 125 each);

  • the DIFC application, data protection and licence fees; and

  • the registration of the entity's lease.

The Clara renewal service fee includes:

  • preparing the commercial licence and data protection renewal;

  • submitting the annual confirmation statement;

  • filing the annual financial accounts; and

  • registration of the entity's new lease.

Excluded from our fees are the following:

  • Drafting or reviewing any amendments to the articles of association

  • Preparing multiple drafts of the incorporation documents due to changes in client instructions.

  • Assistance or any fees associated with obtaining a lease (USD 500 per month in the Innovation Hub), applying for visas or bank accounts.

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