NASAB RECOVERY PROGRAMME

Nasab believes homegrown businesses are essential to the economic and cultural fabric of the UAE and we stand in solidarity with homegrown business owners who have been adversely impacted by COVID-19.

The COVID-19 situation has had a devasting impact on our community, and there has never been a more important time to support creativity and innovation.

The Nasab Recovery Programme will provide up to 30 eligible businesses complimentary offices or workspaces for 6 months giving them with the tools to reconnect with a like-minded community and the financial space to thrive in a post COVID-19 environment.

 

Eligibility

  • Homegrown independent/freelance and small enterprises with a track record of innovation
  • Companies that started business prior to 2019
  • Companies with 1 – 16 employees
  • Company founder must be over 21 years of age
  • Open to citizens and residents of the UAE only

Application Criteria

Applicants will need to show

  • The size of the loss your business incurred as a result of cancellation of contracts or work between March – June 2020
  • The total amount of financial setback for your company as a result of Covid-19
  • Your businesses track record for quality and value
  • Business’s sustainability plan

Requirements and Guidelines

  • Valid Trade License or Work Permit
  • A copy of your Emirates ID
  • A copy of  your passport with UAE residency visa
  • Copies of cancelled contracts/works/agreements that affected your business’s income in March to September, and / or proof of reduced income.
  • A statement of plans for the period for which the rent-free period is requested. How will you optimize the rent-free period to position your company for growth?

 

Apply Now