The Dubai International Financial Centre (DIFC) is the world’s newest financial hub, was declared open for business in 2004. It will service a region with the largest untapped emerging market for financial services. The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. The DIFC will act as a catalyst to the region’s economic development – just as New York, London and Hong Kong have contributed to their respective economies.
DIFC is an onshore financial centre strategically located between the east and west, which provides a secure and efficient platform for business and financial institutions to reach into and out of the emerging markets of the region. The quality and range of DIFC’s independent regulation, common law framework, supportive infrastructure and its tax-friendly regime make it the perfect base to take advantage of the region’s rapidly growing demand for financial and business services.
- 100 percent foreign ownership
- Zero percent tax rate on income and profits
- An extensive tax treaty network for UAE incorporated entities
- Freedom to repatriate capital and profits – without restrictions
- Internationally accepted laws and regulatory processes
- A world-class, independent, regulatory agency working alongside other financial regulatory agencies located in major global jurisdictions
- A wholly transparent operating environment, complying with global best practices.
- A dollar denominated environment
- An international stock exchange with primary and secondary listings of debt and equity instruments
- A variety of legal vehicles that may be established with capital structuring flexibility
- A pool of skilled professionals residing in Dubai and the region
- A modern and efficient transport, communications and internet infrastructure
- A responsive one – stop shop service for visas, work permits and other related requirements
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