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Dubai International Financial Centre (DIFC)

 

Established in September 2004, Dubai International Financial Centre (DIFC) is the world’s fastest growing international financial center, that caters to the financial needs of the region. This federal financial free zone aims to develop to the same stature as New York, London, Tokyo, and Hong Kong, and primarily serves the global financial centers between Western Europe and East Asia due to the time-zone advantage. Since its establishment, DIFC has attracted top-notch firms across the globe, owing to its efficiency, operational transparency and core value of integrity. DIFC is home to a world-class stock exchange, the Dubai International Financial Exchange (DIFX), which was opened in September 2005.

This onshore financial center is set up in a sprawling area of about 110 acres and has a distinct legal system with absolute jurisdiction over matters related to employment, corporate security, commercial trusts, and civic bodies. Dubai Financial Services Authority (DFSA) is an independent risk-based regulator and the governing body that regulates financial and banking services conducted by DIFC and provides them a growth-oriented, secure and stable platform to conduct business. This regulatory body issues business licenses to companies planning to set up operations in this largest intercontinental financial cluster located between Singapore and Europe.

Benefits of Setting Up a Business in DIFC

  • - No restrictions on foreign exchange
  • - 100% foreign ownership
  • - 0% tax on corporate or personal income
  • - Full repatriation of capital and profits
  • - Dollar-denominated environment
  • - Strict money laundering laws
  • - State-of-the-art office accommodation, advanced technology, well-connected transport, communications, and internet infrastructure
  • - Data protection/security
  • - Operational support and business continuity facilities of high standards
  • - Transparent operating environment
  • - Availability of skilled professionals
  • - Transparent business environment complying with internationally accepted laws and regulatory processes in accordance with global best practices
  • - An international stock exchange with debts and equity listings (primary and secondary)

    • Financial Activities Allowed in DIFC

    Businesses operating in Dubai International Financial Centre free zone are allowed to perform the following activities in the region:

  • - Accepting deposits
  • - Advising on financial products
  • - Arranging for the custody, and investment credit or deals
  • - Dealing in investments as agent or as principal
  • - Effecting insurance contracts
  • - Insurance broking and management
  • - Managing assets
  • - Managing profit-sharing investments
  • - Operating a collective investment scheme
  • - Providing credit
  • - Providing custody
  • - Providing pecuniary services

    • Types of Licenses Available in DIFC

    • - Ancillary Services
    • - Asset Management and Fund Registration
    • - Banking Services
    • - Business Processing Operations
    • - Capital Markets
    • - Islamic Finance
    • - Reinsurance & Captive Insurance

      • How to Set Up a Business in DIFC?

      Dubai ensures the financial sustainability of DIFC free zone and the companies established in the center through a program of resource alignment, financial risk management, and competitive benchmarking. Not just the financial aspects, DIFC free zone is home to a privately held financial exchange, retail shops, and convenience stores, along with business services outlets, medical clinics, more than 100 cafés and restaurants offering a variety of cuisines and event spaces & venues to suit any occasion. Coming to DIFC company formation, the authority does not allow companies operating in the non-financial sector. To set up a company in Dubai free zone, one needs to have a commercial license.

      Why Set Up a Business in DIFC?

      Dubai International Financial Centre is a perfect base for companies related to finance due to its systematic legal framework, independent regulations, the tax-friendly regime, and advanced infrastructure. DIFC Authority (DFCA) oversees the operational administration and strategic development of DIFC.

      Contact us to set up your business in Dubai International Financial Centre, our team will be glad to assist you!

      For more information and enquiries, please (Contact Us) at  00971558879700 or email us at info@sterlingheightsuae.com
   

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FREE ZONES IN UAE

Dubai Free zones

:: Jebel Ali Free Zone

:: Dubai South Free Zone

:: Dubai Airport Free Zone Authority

:: Dubai Silicon Oasis

:: Dubai International Financial Centre

:: Dubai Multi Commodities Centre

:: Meydan Free Zone

:: Dubai World Trade Center Free Zone

:: Dubai Techno Park

:: Dubai Logistics City

:: Dubai Internet City

:: Dubai Knowledge Village

:: Dubai Media City

:: Dubai Biotechnology & Research Park

:: Dubai Car and Automotive City Free Zone

:: Dubai Design District

:: Dubai Gold and Diamond Park

:: Dubai Healthcare City

:: Dubai Industrial City

:: Dubai Academic City

:: Dubai Studio City

:: Dubai Outsource Zone

:: Dubai Maritime City

:: Economic Zones World

:: Dubai Flower Centre

:: International Humanitarian City

Sharjah Free Zones

:: Sharjah Airport Free Zone

:: Hamriyah Free Zone

:: Sharjah Media City Free Zone

 
 
 
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