Dubai International Financial Centre (DIFC)

The Dubai International Financial Centre (DIFC) is a leading financial hub in the Middle East, Africa, and South Asia (MEASA) region. Established in 2004, DIFC offers a conducive environment for businesses and financial institutions to thrive, providing world-class infrastructure, regulatory support, and access to a vast network of global markets.

Why Choose DIFC?

1. Strategic Location: Situated in the heart of Dubai, DIFC provides strategic access to emerging markets in MEASA.

2. Regulatory Framework: DIFC operates under an independent regulatory framework based on common law, providing a transparent and business-friendly environment.

3. Tax Benefits: DIFC offers zero percent tax on income and profits for a renewable period of 50 years.

4. Business Ecosystem: Home to over 2,500 active registered companies, DIFC fosters a dynamic community of financial and professional services firms.

5. World-Class Infrastructure: DIFC boasts state-of-the-art office spaces, modern amenities, and a vibrant community.

Steps to Set Up a Business in DIFC

1. Choose Your Business Activity

• Define your business activity and ensure it aligns with DIFC’s permitted activities. Common activities include banking, asset management, insurance, and professional services.

1. Select a Legal Structure

• Decide on the legal structure of your business. Options include Limited Liability Company (LLC), Branch Office, or Representative Office.

1. Reserve a Trade Name

• Reserve a unique trade name for your business through DIFC’s online portal.

1. Submit Application and Documents

• Complete the application form and submit the required documents, including:

• Business plan

• Passport copies of shareholders and directors

• Proof of address

• Articles of Association (AOA)

• No Objection Certificate (NOC) if applicable

1. Obtain Initial Approval

• After reviewing your application, DIFC will issue an initial approval. This may include a preliminary assessment of your business plan and structure.

1. Lease Office Space

• Choose and lease suitable office space within DIFC. Options range from co-working spaces to dedicated offices.

1. Get Final Approval and Licensing

• Submit the lease agreement and any additional required documents to receive the final approval and business license from DIFC.

1. Open a Bank Account

• Open a corporate bank account in the UAE to facilitate business transactions.

1. Visa Processing

• Apply for visas for shareholders, directors, and employees through DIFC’s immigration services.

Conclusion

Setting up a business in DIFC offers numerous advantages, from strategic location and tax benefits to a robust regulatory framework. By following the outlined steps, you can establish a successful presence in one of the world’s leading financial centers.