DIFC
What is DIFC
Formed in September 2004, Dubai International Financial Centre (DIFC) is a top global financial center for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries. Ever since its establishment, it has been serving us an ecosystem for over 2,289 registered companies and 24,000 professionals working across various domains. DIFC is also home to the top stock exchange, the Dubai International Financial Exchange (DIFX), opened in September 2005. Sprawling across an area of 110 acres, this financial center has a unique 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 stable platform to conduct business. It issues business licenses to companies planning to set up operations in the MEASA region.
Frequently Asked Questions
Can I transfer my existing business to the DIFC Free Zone?
Yes, it is possible to transfer an existing business to the DIFC Free Zone, subject to certain conditions and approvals.
Do I need to have a physical office space in the DIFC Free Zone to set up a company?
Yes, a physical office space within the DIFC Free Zone is required to set up a company.Yes, it is possible to transfer an existing business to the DIFC Free Zone, subject to certain conditions and approvals.
Are there any restrictions on the types of business activities that can be conducted in the DIFC Free Zone?
Certain activities, such as retail and manufacturing, may have restrictions, while , innovative license, Artificial Intelligence (AI) , web 3, financial and professional services are encouraged.
What types of companies can be formed in the DIFC Free Zone?
Companies such as private Limited, Partnership company , Branch Offices, Representative Offices, and Free Zone Establishments (FZEs) can be formed in the DIFC Free Zone.
Can foreign nationals own 100% of a company in the DIFC Free Zone?
Yes, foreign nationals can own 100% of a company in the DIFC Free Zone without the need for a local sponsor.
What are the legal requirements for company formation in the DIFC Free Zone?
Legal requirements typically include submitting a completed application form, business plan, passport copies of shareholders, and proof of initial capital.
What are the minimum capital requirements for company formation in the DIFC Free Zone?
Not for SPV/ operational company, Yes for regulated company.
How can I dissolve or liquidate my company in the DIFC Free Zone if needed?
Company dissolution or liquidation procedures involve submitting relevant documentation and obtaining approvals from the DIFC Authority, followed by settling liabilities and distributing assets.
