Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is an offshore financial centre with an independent regulation and common law framework. Dubai Financial Services Authority grants licenses and regulates the activities of financial institutions operating out of DIFC. DIFC Courts is the entity responsible for the independent administration and enforcement of justice in DIFC. The Courts have exclusive jurisdiction over all civil and commercial disputes arising within DIFC and or relating to bodies and companies registered in DIFC.

 Factor Description
Established in 2004
Number of companies Over 1,600
Industry focus Financial Services
Limited liability company Yes
Minimum number of shareholder 1
Minimum number of director 2
Corporate shareholder allowed Yes
Corporate director allowed No
Public register of shareholder and director No
Access to UAE Double Taxation Treaties Yes
Port of Free zone No
Allowed to import export goods Yes
Commercial offices Available as commercial offices, food courts and retail stores.
Industrial premises No
Warehousing facility No
Accommodation facilities Yes in close proximity
Prominent companies at Free zone 1) 21 of the world’s top 25 banks
2) 11 of the world’s top 20 largest money managers
3) 6 of the world’s 10 largest insurance companies
Location of directors and shareholders meeting Anywhere
Residency visa issued Yes
100% Foreign ownership permitted Yes
100% Repatriation of capital and profits Yes
Corporate, personal and withholding tax Nil
Language English
Standard currency of Capital UAE Dirhams

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