Foreign investors, while weighing in on their options of business setup in Dubai, get attracted to the free zones due to a myriad of benefits including full 100% ownership, full repatriation of earnings, zero corporate tax, etc. Each free zone comes with its own unique set of benefits and distinctive features. The Dubai International Financial Centre (DIFC) is such a free zone that distinguishes itself from other free zones in the UAE by providing opportunities for business setup in highly regulated sectors like finance. The DIFC stands out from other free zones with its globally renowned independent regulatory structure.
About Dubai International Financial Centre (DIFC)
Launched in 2004, the DIFC’s core aim is to bridge the gap between the world’s major financial centres: London, Hong Kong & New York. After a decade of exemplary operations, the DIFC has established itself as one of the world’s leading financial centres. For the investors, the DIFC offers a less complex way of business setup in the highly regulated financial sector.
Apart from finance, investors can also set up businesses in other non-regulated sectors within the DIFC. However, the investors should consult the best business setup services provider in Dubai to have a deeper understanding of the business setup process and the unique regulatory system in the DIFC.
Why Should Investors Opt for Company Formation in DIFC?
The company formation in DIFC provides investors with a transparent and highly regulated business environment. The benefits cover both financial and non-financial companies setting up a business in DIFC. The advantages of opting for business setup in DIFC include
- Great access to regional investment opportunities
- 100% ownership
- Strict enforcement of AML laws
- Zero tax on profits, which is guaranteed for 50 years
- Access to International Stock Exchange
- Benefits of double taxation treaties
- Companies are governed by DIFC’s independent legal structure
- Flexibility on capital structuring
- Modern office infrastructure
- Business continuity Facilities
- Robust data protection facilities
Company Formation in DIFC: Legal Structures
The process setting up a business in DIFC is smooth and efficient due to the high standards of rules and Regulations. However, this increases the responsibility of the investors to comply with the standards of company formation in DIFC. There following are the main types of company structures in which the investors can set up a business in DIFC.
- Private Company
- Public Company
- Recognized Company
- General Partnership
- Limited Partnership
- Recognised Limited Partnership
- Limited Liability Partnership
- Recognised Limited Liability Partnership
Common Business Activities Related to Financial Sector in DIFC
The DIFC is mainly known for the financial services that have set up businesses in the financial free zone. The following are the general business activities related to the financial services sector
- Insurance & Reinsurance
- Wealth and Asset Management
- Brokerage & Capital Markets
- Professional Service Companies
- Corporate Offices
- Fintech Companies
Business Setup Consultants in DIFC
Setting up a business in one of the leading financial centres in the world is a dream for investors as getting access to the financial markets and wealth and investment opportunities enhance the business prospects of every entrepreneur. However, the investors need to bear in mind that the process of business setup in DIFC is different from the regular free zone company formation procedures. The DIFC has its own independent legal structure and the company registration in DIFC needs to be executed with professional assistance from reputed business setup services in Dubai such as Jitendra Business Consultants (JBC). JBC guided thousands of clients in setting up businesses in the free zones in the UAE including in DIFC.
JBC’s team of highly qualified business consultants assists the investors in all the steps of company formation right from registration to incorporation. JBC provides the investors with reliable services like visa processing, drafting of documents, sponsoring of dependents, etc. JBC also offers its exemplary service in ensuring the companies are complying with the requirements of ESR in DIFC. With the able assistance of JBC, the businessmen can achieve their goals in the peace of mind.