Business Setup in Dubai International Financial Centre – DIFC was established in 2004 as a federal financial free zone. The prime objective of setting up DIFC was to develop a world-class platform for the financial institutions in the region, which connects with the financial markets in Europe, USA and Asia. The Free Zone is expected to develop and maintain an environment suitable for developing Dubai and UAE as the financial hub of the region.
The infrastructure, regulatory mechanism and legal frameworks of DIFC are developed in such a way to suit the requirements of financial market participants and financial services industry. DIFC follows an independent legal and regulatory framework to create a suitable growth environment. These frameworks are closely aligned to international standards, principles of common law and unique requirements of the region.
DIFC is regulated by Dubai Financial Services Authority (DFSA), a risk-based regulator. DFSA grants license and regulates operations and activities of all Banks and Financial Institutions in DIFC. The Registrar of Companies (ROC) is responsible for the registration and incorporation formalities of companies in DIFC.
The business activities permitted in DIFC are broadly categorized into Regulated and Non-Regulated. The core business in DIFC are related to Regulated activities in banking and finance sector. In order to ensure a full-fledged eco-system for financial services industry DIFC also permits Non-Regulated activities. It includes companies belonging to regulated professions like law, accountancy and other non-regulated, non-financial businesses.
Benefits of incorporating a company in DIFC
100% Foreign Ownership
0% Corporate Tax and Personal Income Tax
No Restriction on Capital and Profit Repatriation
Independent Regulatory Environment
Common Law Framework
Opportunity to Function as a Regional or Global Hub
Facilities for Business Setup in DIFC
There are a wide range of facilities in DIFC district to select from. The facilities offered includes:
Leased Shell & Core Office
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Mr. Baiju Masoodu is a Free Zone Business Setup Consultant. Our ‘corporate service firm’ can advise and assist you to set-up a business in Dubai International Financial Centre (DIFC) and other Free Zones in Dubai and UAE. For a free consultation & cost estimate, call me on: +971 50 214 1476 or mail me at: email@example.com