Dubai International Financial Centre is a top ten global financial centre and the leading financial hub in the Middle East, Africa and South Asia (MEASA) region.
A vibrant business ecosystem of over 24,000 professionals working across more than 2,200 active registered firms that benefit from the centre’s robust independent judicial system & regulatory framework, a global financial exchange, inspiring architecture, and enabling support services.
The DIFC district features ultra-modern office space, retail outlets, cafes & restaurants, art galleries, residential apartments, public green areas and hotels, making it the ultimate destination where business meets lifestyle.
DIFC allows two sectors of licenses as follows.
Non regulated DIFC business registration is simply anything not related to Banking and Finance.
Examples include personal services such as tailors, salons and fitness gyms; retail shops offering jewellery, electronics and apparel; and a wide range of restaurants and cafes, from quick casual to fine dining. Non-financial activities also extend to specialized establishments such as hotels and academic institutions that further extend the breadth of opportunities on offer to professionals working at DIFC.
Banking & Finance related Business Activities supported by an enabling and evolving financial regulatory ecosystem, regulated entities make up most of DIFC’s client portfolio.
Benefits of Setting Up a Business in DIFC:
0% Tax. DIFC provides a 50-year guarantee of zero taxes on corporate income and profits, enhanced by the UAE’s wide network of double taxation avoidance treaties with more than 50 countries.
No Restriction on Capital Repatriation.
DIFC-based companies face no restrictions or constrains on capital or profit flows, and there are no currency exchange controls in this US dollar-denominated jurisdiction.
Full Foreign Ownership. Within DIFC, subsidiaries and other incorporated entities enjoy 100% foreign ownership, as well as a flexible, world-class regulatory environment that allows for a wide range of options for structuring legal entities. It also offers a specific option for a representative office license.
Common Law Framework. DIFC’s legal system and courts follow a Common Law framework that is administered by an independent and highly regarded regulator and adjudicated on by an equally respected court system. Distinct from the UAE legal system, laws and regulations are issued in English.
Work Class Regulator. One of the principal factors behind the success of DIFC is its independent risk-based regulator, the Dubai Financial Services Authority (DFSA). The DFSA grants licenses and regulates the activities of financial services conducted through DIFC.
The DFSA is recognized by UK’s Financial Services Authority (FSA), the US Federal Reserve and is a member of the International Organizations of Securities Commissions (IOSCO). Moreover, the DFSA has established more than 90 MOUs with regulators and central banks across the globe.