Dubai International Financial Centre (DIFC)
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
Financial Activities Allowed in DIFC
Businesses operating in Dubai International Financial Centre free zone are allowed to perform the following activities in the region:
Types of Licenses Available in DIFC
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.
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