Dubai International Financial Center - Free Zone
Start your dream business setup in Dubai. Be a part of the DIFC zone, the city’s globally flourishing financial hub.
Dubai International Financial Center (DIFC) is a free economic zone formed in 2004. Spread over an area of approximately 272 acres, it is home to more than 4,000 companies. Having a company formation in DIFC can be a thrilling and prosperous experience. The area reflects a lively and extremely amusing vibe, being frequently visited by locals and tourists alike. It boasts a dazzling, hi-tech architecture surrounded by many luxurious amenities. These include posh restaurants, deluxe boutiques, art galleries, and more.
You can realize your vision of a company formation in UAE with excellent commercial spaces at DIFC. Thanks to Dubai’s wide global network and a simple yet powerful law framework! Numerous Middle Eastern, African, and South Asian (MEASA) markets are already enjoying ever-growing progress here. All financial and economic industries (banking, insurance, brokerage, etc.) can easily establish successful business operations in this free zone.
A company set up in DIFC is regulated by Dubai Financial Authority Services (DFSA). The DFSA’s regulatory structure uses basic legislation which is recognized worldwide. The mandate of the regulator includes insurance, an international equity exchange, and an international exchange for commodities derivatives. It also includes asset management, banking, and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, and securities.
Major Benefits of Company Formation in DIFC:
- Fully foreign ownership
- 100% capital repatriation
- Complete exemption on personal income, service, import, and export taxes
- Possible exemption from corporate tax subject to meeting criteria
- Freedom of capital convertibility
- International legal system based on Common Law of England & Wales
- Exemption from the UAE Federal civil & commercial laws
- A separate common law legal system
- Complete acceptance of dollar currency
- Rapid proceedings by DIFC Courts
Attributes of a Company Set Up In DIFC:
Location:
Dubai International Financial Centre, Dubai (U.A.E.)
Proposed activity:
The business activities offered by DIFC are categorized into financial, non-financial, retail and non – retail activities.
License available:
Commercial license is only available option for DIFC Company Setup
Type of entities:
Company limited by shares, Limited liability companies, Partnership and Branch
Shareholders for Company Formation In DIFC:
Shareholder for DIFC Company Can be Individuals or Corporate entity
Director:
Individuals only (Shareholder can also be Director)
Share capital:
USD 50,000/- for DIFC Company Setup and USD Nil/- in case of Branch office. (Required to be deposited in bank before or after company incorporation)
Do note that shares are deemed to be issued on company incorporation irrespective of whether share capital is deposited in bank pre or post incorporation.
Audit for Business Setup In Dubai:
Annual audit report to be filed in DIFC
Estimated time:
4 to 8 weeks to obtain license of the company and register a company in DIFC.
Another 7-10 working days for immigration card subject to security clearance & thereafter visa may take approximately 7-10 working days on normal basis.
Process of Company Set Up In DIFC:
- Identify the legal form of the company to be registered in the DIFC
- Select an activity from the DIFC activity list
- Apply for name and initial approval
- Payment of fees related to DIFC business setup
- Sign DIFC company registration and incorporation documents
- Apply for a DIFC residence visa
Documents Required for DIFC Company Registration:
The documents required for business setup in DIFC depend on whether a shareholder is an individual or corporate entity. The basic requirements are:
- Color passport copy of shareholder/director/manage
- Color UAE residence visa & emirates id copy
- Utility bill copy
- Business Plan & Financial Projection
- CV/Resume
- NOC from existing sponsor
DIFC Company Formation Cost:
DIFC Retail Company Setup begins from AED 30,300/-
Other Notes for DIFC/Dubai International Financial Centre Company Formation:
- Document for Company Formation In DIFC needs to be legalized with UAE Embassy in case of a corporate shareholder.
- Shareholder or directors wishing to have UAE residency visa on said company will need to revisit after issuance of license, immigration card and entry permit for stamping of visa on the passport and may need to stay in UAE for 5 to 7 working days as that process may take time.
- Company Immigration/Establishment card to be renewed every year
How GBS Helps
Global Business Services DMCC help companies expand their business globally. You can also maximize your presence with our expert business setup consultants. Our professionals are well-versed in the UAE’s regulations, cultures, and market trends. We guide businesses through complex processes, improve their operations, and help them reach their full potential in international markets
Call us now on 050-8992852 or drop an email to sagar.mehta@gbsei.com to learn about special promotions/offers related to business setup in DIFC or other company formation in the UAE.
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.
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
GBSOur Office
Organically grow the holistic world view of disruptive innovation via empowerment.
+971 4 4471803
OUR LOCATIONWhere to find us?
For company formation and company incorporation services please contact us at our mailing address:
Office No.12A-06,
13th floor HDS Tower,
Plot No. F2,
Jumeirah Lakes Towers,
Post Box 309074,
Dubai (U.A.E)
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Copyright © 2020 Global Business Services.