Dubai International Financial Centre Freezone (DIFC)
Most Favorite Center Because It Provides Financial Facilities To The Foreign Investors
About DIFS
Dubai International Financial Center was set up in 2004. Now it has become the most favorite center because it provides financial facilities to the foreign investors.
Its main objective is to formulate an exemplary DIFC like the other dominating countries which are leading in this regard. Financial services companies in Dubai have attracted top-notch firms of the world by virtue of its competence and world standard quality system and transparent operational system.
An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses. Companies in DIFC Freezone have made outstanding service systems which have made it the world’s’ center of exchange.
Dubai international Financial Exchange (DIFX) was launched in 2005. DIFZ Dubai location is wonderful. DIFZ has a sprawling area of 110 acres 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 was established to oversee the strategic development, operational management and administration of Dubai’s financial companies. The Authority is committed to creating value for its various stakeholders
DIFC Clients Include:
- 21 of the world’s top 25 banks
- 11 of the world’s top 20 largest money managers
- 6 of the world’s 10 largest insurance companies
- 6 of the top 10 global law firms
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 possession
- No restriction on foreign exchange
- No corporate or income tax
- Implementation of international regulations and laws
Financial Activities Allowed In DIFC
The following business operations are permitted in Dubai International Center:
- 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
Dubai International Financial Center offers a profitable system for individual or corporate financiers in the form of bonus. Anybody can file a case to register a business in the following legal shape:
- 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.
DIFC is not launched in the non-financial areas. For opening DIFC, the owner must have a license. The following requirements are compulsory for the establishment of a company in this regard.
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
- Open a bank account of the company
- 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
- Complete data about key staff, controller and shareholders
- Full information about control and operating system
- Anti-money laundering procedure and control
- 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 (DFCA) 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. Full operational transparency and client-centric processes are the prominent features to formulate the set up process at RFZ.
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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