FUNDING CRITERIA

• Projects/businesses should be 100% owned and managed by UAE national(s). The applicant should provide his/her personal commitment to the implementation and development of an action plan.

• The applicant should devot time and effort for project management.

• For Credit Bank Scheme, a business bank account shall be opened for the project/business from the same bank funding is provided from.

• For the new projects funding, the applicant shall not obtain more than 5 trade licenses in the Emirate of Dubai. In case of existing enterprises funding, the applicant shall not obtain more than 6 trade licenses in the Emirate of Dubai.

• Projects that are less than 5 years old.

• Applicant should be +21 years old.

• For Credit Bank Scheme, applicant should be less than 65 years old during repayment period.

• Debt Burden Ratio should not exceed 50% of the total monthly income.