Dubai International Financial Centre (DIFC) Freezone
About DIFC
Dubai International Financial Centre was set up in 2004. Now it has become the most favorite center because it provides financial facilities to the foreign investors.
International financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their businesses. Companies in DIFC Freezone have made outstanding service systems which have made it the world’s center of exchange.
DIFC has a sprawling area of 110 ha and has a most powerful legal system that deals in civic bodies, employment, commercial trust, corporate security.
Dubai Financial Service Authority (DFSA) is a completely independent regulatory body that conducts banking facilities and caters a pertinent order to the requirements of the related people. This body is liable to conduct the matters of license, strategic plans to establish operations in the intercontinental places in Europe and other countries.
DIFC Clients Include:
- 17 of the world’s top 20 banks
- 27 of the top 29 global systemically important banks
- 7 of the world’s 10 largest insurance companies
- 7 of the top 10 asset manager
Primary Sectors Of Focus
- Banking & Brokerage Services
- Wealth Management
- Reinsurance & Captive Insurance
- Islamic Finance
- Ancillary Services
- Capital Markets
Advantages Of Business Set Up In DIFC Freezone
- Ideal environment for performing business activities
- Transparent operating environment
- An international stock exchange with debts and equity listings
- Office location, latest technology, Internet, communications and transport facilities
- Strict system of transaction and money laundering
- Full repatriation of capital and profit
- 100% foreign ownership
- No restriction on foreign exchange
- Less corporate tax
- Implementation of international regulations and laws
Financial Activities Allowed In DIFC
- Management of assets deposit
- Acceptance of deposits
- Facility of credit
- Effective insurance agreement
- Business dealing in investment as an agent or principal
- Insurance broking and its organization
- Counseling on financial commodity
- Management for the custody and investment credit
- Profit-sharing investment
- Collective investment planning
Types Of Legal Entities Allowed In DIFC
Anybody can register a business in DIFC as:
- Company limited by shares
- Branch Office
- Limited liability Company (LLC)
- Partnership
Types Of Licenses Available In DIFC
- Capital Markets
- Banking Services
- Business Processing Operations
- Islamic Finance
- Assets Management and Fund Registration
- Ancillary Services
- Reinsurance & Captive Insurance
How To Set Up A Business In DIFC?
Dubai ensures the financial stability of DIFC free Zone. The companies are set up through the program of competitive benchmarking and financial risk management. It is not limited to the financial facilities, it is also offering many business fields like health, business service outlet, restaurants and many other facilities.
Full Procedure To Establish A Business In DIFC
- Fill up the application form
- Start the registration process
- Complete the required documents with minimum share capital of the business
- After completing the process of documents’ scrutiny, license and incorporation certificate will be issued within a few weeks.
Documents Required For Setting Up A Business In DIFC
- Complete business strategy
- Scanned Passport copies of shareholders
- Passport size photographs with white background
- Complete data about key staff, controller and shareholders
- Full information about control and operating system
- Full data about applicant’s’ financial position, company’s’ audit function and compliance system
- Suggested institution organizational structure
- Certificate of proprietary and organization’s fitness to operate business
- Complete information of audited accounts of shareholders
Why Set Up A Business In DIFC Free Zone?
Dubai International Financial center is an outstanding business hub regarding finance, convenient legal framework, independent regulation, exemption from tax and flexible infrastructure.
DIFC Authority supervises the operational administration and strategic development of DIFC. Company Incorporation in Dubai International Financial center is cherished business proposition in the following reasons:
- Client Centric policies
- Financial stability
- Most advanced infrastructure
- Proper legal framework
- Constant growth without any obstacle
To set up a business in Dubai international financial center is very convenient if you hire the services of business consultants who counsel the investors to conduct business in their relative regime. You should not be worried about the legal complications.
We tackle the thorough procedure in the formation of the company. There is a proper sequence from start to end to operate the business.
Our skilled team makes the difficult process in an easy way so that clients may get all amenities for business set up in this fantastic center of UAE. Making contact immediately will be a source of pleasure for our team of professionals.
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