The financial hub for the Middle East, Africa, and South Asia, Dubai International Finance Centre gives access to a whopping 72 countries with an approximate population of 3 billion and a nominal GDP of 7.7 trillion USD. The DIFC is the hotspot of growing markets and new rising business opportunities. Being the central hub and connecting different sides of the world, take advantage of the strategic location and incentives of setting up business in DIFC.
A pool of over 25,000 talented professionals working in over 2,500 active registered companies. DIFC is one of the most sought-after business and lifestyle destinations, with great office spaces, residential places, hotels, schools, and hospitals. Here’s how you and your business can benefit from DIFC Free Zone.
Business Benefits of DIFC- 100% Foreign Ownership
- 0% rate on income and profits
- Leverage UAEs Double Taxation Avoidance Agreement
- 100% profit repatriation
- Independent Regulatory Environment
- Common-Law Framework according to English Law
- Hub & Spoke Model – Open branches anywhere within the world
- A world stock market with a number of monetary instruments for investment
- Exceptional talent pool available in Dubai
- Elevated lifestyle, best-in-class apartments, shopping outlets, transportation, technology infrastructure
Company setup process
Company setup process
- Fill up the application form
- Proceed with the registration process
- Submit the documents with proof of minimum share capital of the business
- Open a current bank account for the company
- After review, the certificate of incorporation will be issued
Here’s a detailed list of all the documents required for the process of business incorporation:
- Proof of trade name reservation
- Proof of initial approval of business activities
- Passport copies of the shareholders
- Passport copy and profile of the manager
- A detailed plan of business activity
- Anti-money laundering procedure
- Personal profile information sheet for each shareholder and manager
- Organisation’s internal audit and compliance system
- Property details of the shareholders to check the propriety to conduct the business
- Lease agreement contract stating the physical address and office location
- Any third-party approval for activities if applicable
Companies allowed to be set up in DIFC
- Banking
- Private Banking
- Investment Banking
- Financial Brokerage
- Capital Markets
- Insurance, Reinsurance & Captives
- Fund Management
- Asset Management
- Wealth Management
- Private Equity
- Corporate Offices
- Professional Services Provider
Highlights
- Hotspot for business: Home to 17 out of the 20 world’s top banks, the DIFC is a financial hub for companies. Established businesses in the field of health, fitness, banking, manufacturing have all set up their company in DIFC.
- Helpful setup procedure: Removing one of the biggest hurdles and hassles of setting up a business, DIFC has made the entire registration process as simple and quick as possible. With aid on every step of the process, incorporating your business in the DIFC is a breeze.
- Along with transparent pricing structures, a well-regulated business environment, and an easily accessible world market, the DIFC is the place your business should be.
UAE Free Zone
