Company Formation in DIFC– Dubai International Financial Centre

Dubai International Financial Centre is an onshore financial centre strategically located between the east and west, which provides a secure and efficient platform for business and financial institutions to reach into and out of the emerging markets of the region. The quality and range of DIFC’s independent regulation, common law framework, supportive infrastructure and its tax-friendly regime make it the perfect base to take advantage of the region’s rapidly growing demand for financial and business services.

Dubai’s vision contributes to Dubai’s reputation as a global business hub by maintaining international standards, developing international relations, business and employment creation and economic development. It also ensures the financial sustainability of DIFC and the companies established in the centre through a programmed of resource alignment, financial risk management and competitive benchmarking.

DIFC supports client growth through authority business process streamlining, service improvement and enhanced management structures geared towards a superior client experience. One of the principal factors behind the success of DIFC is its independent risk-based regulator i.e. the Dubai Financial Services Authority (DFSA) which grants licenses and regulates the activities of financial services conducted through DIFC.

The DFSA’s regulatory regime was developed using principle-based primary legislation modeled closely on internationally accepted standards. The regulator’s mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities future trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.

The activities are further subdivided into two main categories as Regulated and Non-Regulated activities. The activities mainly carried out from DIFC Free Zone is bank, professional service providing company, global corporate house, retail sectors, insurance, wealth management, asset management, management of offices in the form of single family office and capital market.

Key Benefits of Company Formation in Dubai International Financial Centre (DIFC):

• 100% foreign ownership,
• 100% repatriation of capital,
• 100% exemption from personal income tax, corporate tax, service tax, import and export tax,
• Free capital convertibility
• International legal system based on Common Law of England & Wales
• Exemption from the UAE Federal civil & commercial laws
• An independent common law juridical system
• A dollar denominated environment
• DIFC Courts to process fast track cases

Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal, tax or other professional advice. We do not accept any responsibility, legal or otherwise, for any errors or omissions.