Connect with us

News

Abu Dhabi Has Dropped Business Setup Fees By Up To 94%

Thanks to the new initiative, setting up a new business in Abu Dhabi will cost you as little as 1,000 AED.

Published

on

abu dhabi has dropped business setup fees by up to 94 percent
Unsplash

Abu Dhabi Department of Economic Development and other government entities are determined to make the capital of the United Arab Emirates even more attractive to entrepreneurs because they’ve decided to lower business setup fees by up to 94 percent.

“We hope this significant change in fee structure helps to further ease the set-up process for new and existing investors,” explains Mohammed Al Shorafa, chairman of Abu Dhabi Department of Economic Development. “Our goal for Abu Dhabi, as part of our new economic strategy, is to create a thriving business environment that encourages growth and innovation. Ease of starting and managing a business is a key lever, and we strongly believe the restructuring of fees will help us achieve this goal.”

The new business setup fees amount to just 1,000 AED ($273 USD), and they came to effect on July 27, 2021, covering all fees from Abu Dhabi government entities such as Abu Dhabi Department of Economic Development, the Department of Municipalities and Transport, membership fees for Abu Dhabi Chamber, CoC (Certificate of Conformity) issuance fee, and others.

This isn’t the first move Abu Dhabi have made in order to attract more entrepreneurship. In the past, the city has provided everything from rent rebates and discounts on utility bills to loan guarantee packages. Combined, all these business growth measures create an environment that’s especially favorable to tech entrepreneurs, who often compete with large enterprises with minimal financial resources. The less fees and other expenses they have to worry about, the more money they can dedicate to developing a great product and making it available to customers.

Also Read: How To Start An Online Business In Dubai (2022 Guide)

Abu Dhabi expects its economy to grow as much as 8 percent during the next two years as it recovers from the pandemic. The growth is expected to be driven mainly by government spending, foreign direct investment, the oil sector, and financial services.

Advertisement

Get Exclusive Monthly Updates, Tech Tips & Free Crypto Signals Right In Your Inbox 😎

JOIN NOW!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Samsung’s New Exynos 2200 Smartphone Chip Comes With AMD Xclipse GPU

The new GPU will enable next-level mobile gaming experiences, support 200 MP camera sensors, and ensure smooth performance under all circumstances.

Published

on

By

samsung's new exynos 2200 smartphone chip comes with amd xclipse gpu

Samsung’s Exynos smartphone series of ARM-based system-on-chips (SoCs) traditionally comes with Mali GPUs, but the company’s new premium SoC is breaking this tradition by featuring an Xclipse GPU with AMD’s RDNA 2 graphics architecture.

The new GPU, together with 8 Armv9 CPU cores (1 powerful Cortex-X2 core, 3 balanced Cortex-A710 cores, and 4 efficient Cortex-A510 cores) and an upgraded neural processing unit (NPU), are supposed to enable next-level mobile gaming experiences, support camera sensors with a resolution of up to 200 MP, and generally ensure smooth performance under all circumstances.

“Built on the most advanced 4-nanometer (nm) EUV (extreme ultraviolet lithography) process, and combined with cutting-edge mobile, GPU and NPU technology, Samsung has crafted the Exynos 2200 to provide the finest experience for smartphone users” said Yongin Park, President of System LSI Business at Samsung Electronics.

Samsung named its new GPU “Xclipse” to reflect the fact that it’s positioned between console and traditional mobile graphic processors. The South Korean conglomerate believes that the GPU will bring an end to the old era of mobile gaming and usher in a new era characterized by features that have until now been associated primarily with PC gaming, such as hardware-accelerated ray tracing and variable rate shading.

Also Read: BlackBerry Has Officially Pulled The Plug On Older Devices

According to David Wang, Senior Vice President of Radeon Technologies Group at AMD, the Xclipse GPU is the first result of multiple planned generations of AMD RDNA graphics in Exynos SoCs, so fans of Samsung smartphones have a lot to look forward to in the future.

In addition to the already mentioned performance-oriented improvements, the Exynos 2200 integrates a better 5G modem capable of achieving speeds of up to 10 Gbps by utilizing both 4G LTE and 5G NR signals at the same time. The SoC’s Integrated Secure Element (iSE) can safely store cryptographic information for enhanced data security and privacy.

The Exynos 2200 is currently being mass-produced, and it’s expected that it will be one of the main selling points of the upcoming Galaxy S22 smartphone.

Continue Reading

#Trending