Business Setup In Dubai International Financial Centre (DIFC)
Overview About Dubai International Finance Centre (DIFC) and Company Registration in DIFC
DIFC is among the top ten global financial centres.
DIFC was established in 2004 as a special economic zone.
It is a leading financial hub in the Middle East, Africa, and South Asia (MEASA).
DIFC has its own internationally regulated regulator and judicial system.
DIFC follows a common law framework. Laws and regulations are issued in English.
It provides 100% ownership and 0% income tax for 50 years.
As of June 2020, it houses more than 2,400 companies and 25,600 employees.
DIFC district has ultra-luxurious freehold real estate, 5-star hotels, retail, offices, and residential properties. This makes the business setup in DIFC more attractive.
DIFC registers financial services and non-financial services companies.
DIFC is an independent jurisdiction as per the UAE constitution, following English law.
It has its own courts, and judges are taken from international jurisdictions.
DIFC – LCIA Arbitration Centre is an independent arbitration centre that uses rules based on the London Court of International Arbitration.
Dubai Financial Services Authority (DFSA) is a financial services regulator for conducting financial services in and from DIFC. It is different from Federal Securities and Commodities Authority (SCA) which regulates financial services in entire UAE outside of DIFC.
NASDAQ Dubai is a financial exchange located in DIFC which was established in 2005.
Investment Holding
Banking, financial services, insurance, wealth and asset management, corporate offices, professional service providers and retailers are the main businesses located in DIFC.
It also allows holding companies, foundation structures and SPVs registrations.
Regulatory compliance and annual audit reports are major key functions to operate businesses in Dubai International Financial Centre (DIFC).
Flyingcolour® assists in all types of company registrations in the United Arab Emirates. We assist in Mainland, Free zones or Offshore company registrations in all Emirates of UAE. We also assist in opening bank accounts with all local leading banks. We closely work with all Government Departments and banks.
