Dubai International Financial Centre (DIFC) Business Setup In Dubai
What is DIFC?
The Dubai International Financial Centre (DIFC) ranks among the most prominent global financial hubs leading financial centers, and progressive financial hub for the Middle East, Africa, and South Asia, established in 2004 by the government of UAE.
It is a financial center advantageously situated between the time zones of the east and the west, surrounded by a region that is fast developing and rich in natural resources.
Furthermore, it offers a reliable and streamlined platform for businesses and financial institutions to access emerging markets within the region and beyond, which follows a unique system consistent with English Common Law.
Moreover, the eminence and series DIFC’s strict rules, legal structure, infrastructure, and tax benefits make it an ideal place to tap into the growing demand for financial and business services in the region. Thus, Dubai International Financial Centre possesses its collection of civil and commercial laws and regulations with a wholly developed code governing financial services regulations.
- Complete business plan
- Details of shareholders.
- Detailed information on operating systems and controls
- Audited account statement for shareholders (last three years)
- Anti-money laundering application form.
- Colored passport copy
- Colored entry stamp copy
- Copy of tourist visa if applicable
- Lastly, address proof in the home country
- The license issuing authority can request further documents as deemed necessary during any phase of the incorporation process.
WHY CHOOSE DIFC?
DIFC is the hub for numerous financial and non-financial businesses from across the globe. Also, the business zones within the center include banking, global establishments, wealth administration, professional services, and access to capital markets. To sum up, the units provide several advantages, including tax-free income and profits, full foreign ownership, unrestricted foreign exchange, capital/profit repatriation, operational assistance, and facilities for business continuity.
Advantages Of DIFC
100% foreign ownership.
0% tax rate on income and profits.
Access to the UAE’s extensive network of double taxation treaties.
Trained professionals residing in Dubai and the UAE
An entirely transparent operating environment
Modern transport, communications, and internet infrastructure.
Frequently Asked Questions
WHAT IS THE DUBAI INTERNATIONAL FINANCIAL CENTRE LICENSE?
The DIFC offers a favorable setting for conducting business in the Middle East, characterized by its business-friendly atmosphere, complete ownership options, and outstanding amenities. Moreover, it operates within a vast and rapidly expanding economic free zone.
WHAT ARE THE TYPE OF LICENCES PROVIDED BY DIFC?
Dubai International Financial Centre (DIFC) includes both financial and non-financial licenses.
DO I NEED TO PAY TAX FOR MY PROFITS AND INCOME IN DIFC?
Dubai International Financial Centre (DIFC) offers a zero percent tax rate on income and profits.
HOW MUCH DOES A DIFC LICENSE COST?
The license cost for DIFC business setup in Dubai varies based on factors like the license type, ownership structure, external approvals, and more.