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.
How to Set Up a Business in Dubai International Financial Centre?
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.
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.
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
What Dubai International Financial Centre 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
Set Up a Business in Dubai International Financial Centre
Benefits of a business set up in Dubai International Financial Centre
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
Types of Licenses in Dubai International Financial Centre
Capital Markets
Banking Services
Business Processing Operations
Islamic Finance
Assets Management and Fund Registration
Ancillary Services
Reinsurance & Captive Insurance
Set Up a Business in Dubai International Financial Centre
Types of Legal Entities Allowed in Dubai International Financial Centre
Dubai International Financial Center offers a profitable system for individual or corporate financiers in the form of bonuses.
Company limited by shares
Branch Office
Limited liability Company (LLC)
Partnership
Why set up a business in Dubai International Financial Centre?
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 setup process at Commitbiz. 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.
Financial activities allowed in Dubai International Financial Centre
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
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