Dubai International Financial Centre Free Zone Company Formation

Business Setup Services | Dubai International Financial Centre Free Zone

Dubai International Financial Centre (DIFC) Company Formation came into existence in September 2004 is the world’s fastest growing international financial center that fulfills the financial needs of the region. The aim of federal financial is to sit on the same stature as New York, Tokyo, London, and Hong Kong and serves as a global financial center between Western Europe and East Asia. Due to is efficiency, operational transparency and core value of integrity DIFC has attracted top notch firms across the world. The Dubai International Financial Exchange (DIFX) was opened in September 2005 located near Dubai International Financial Centre.

This financial center is spread across 110 acres and has a legal system with definite jurisdiction the matters related to employment, commercial trusts, corporate security, and civic bodies. Dubai Financial Services Authority (DFSA) is an independent regulator and the governing body that manages the financial and banking services conducted by DIFC and provides them a growth based stable and secure platform for your business. The companies wish to plan a setup operation the regulatory body issues business licenses to companies.

Benefits of Setting Up a Business in DIFC

  • No restrictions on foreign exchange
  • 100% foreign ownership
  • World class office accommodation, well connected transport, advanced technology communications, and internet infrastructure
  • 0% tax on corporate or personal income
  • Full repatriation of capital and profits
  • Dollar-denominated environment
  • Strict money laundering laws
  • Availability of skilled professionals
  • Business environment according to international laws and regulatory processes as per global best practices
  • Data protection/security
  • Operational support and business continuity facilities of high standards
  • Transparent operating environment

Financial Activities in DIFC

Following activities are allowed in the Dubai International Financial Centre in the region:

  • Accepting deposits
  • Dealing in investments as an agent or as principal
  • Effecting insurance contracts
  • Advising on financial products
  • Managing profit-sharing investments
  • Operating a collective investment scheme
  • Carrying out contracts of insurance
  • Insurance broking and management
  • Managing assets
  • Providing credit
  • Providing pecuniary services
  • Providing custody

Types of Legal Entities Allowed in DIFC

DIFC offers a profitable value to a single or a company in a way of a couple of incentives. It allows an entity to register its business in any of the following legal ways:

  • Company Limited by Shares
  • Branch Office
  • Partnership
  • Limited Liability Company

  • Types of Licenses Available in DIFC

  • Ancillary Services
  • Asset Management and Fund
  • Registration
  • Banking Services
  • Capital Markets
  • Islamic Finance
  • Reinsurance & Captive Insurance
  • Capital Markets
  • Islamic Finance
  • Reinsurance & Captive Insurance
  • Business Processing Operations

  • Procedure Set Up a Business in DIFC

    The financial sustainability of the companies in the DIFC Free Zone is ensured by the program established in the center of resource alignment, financial risk management, and competitive benchmarking. DIFC not just cover the financial aspect of free zones but also home to privately held retail shops, financial exchange, and convenience stores, along with business services outlets, medical clinics. More than 100 restaurants and cafes possess a variety of cuisines and venues to suit any occasion. The authority does not allow companies operating in the non-financial sector as per DIFC. In order to setup a company one needs to have a commercial license.

    Procedure to Set Up a Company in DIFC

    • Fill out the application form
    • After approval comes to the registration process
    • You need to submit the required documents
    • Proof of minimum Share Capital in the business
    • Open a bank account of the company
    • After analysing every document provided the license will be issued after weeks and the certificate of incorporation will also be issued along with it.

    Documents Required to Set Up a Business in DIFC

    • Company’s internal audit functions and compliance system
    • Detailed business plan
    • Propriety certificate confirming the institution’s fitness to conduct business
    • Proposed institution’s organizational structure
    • Audited account of shareholders of the last 3 years
    • Anti-money laundering procedures and controls
    • Applicant company’s financial position and regulatory history, in case of a branch
    • Detailed information on operating systems and controls
    • Names of Major shareholders that have above 5% shares and key staff members

    Why Business in DIFC?

    For companies related to finance Dubai International Financial Centre is a perfect base due to its legal framework, the tax friendly, independent regulations, and advanced infrastructure. The oversees operational administration and strategic development of regulated by DIFC Authorities.

    Incorporation of company in Dubai International Financial Centre is an esteem business proposal due to the following reasons:

    • Client centric policies
    • Unique legal framework
    • Financial sustainability
    • A vision for unhindered growth
    • Developed and standard infrastructure

      Setting up your business in Dubai International Financial center is easy if you take help from a consultant company that helps business owners and investors belonging to the financial sector with company incorporation in the free zone so you don’t have to worry about red tape and wasting months of time in matters that can be solved with weeks. We at Branches manage your business process entirely and make sure there is no problem arise in the near future.

      At branches we provide transparency of work our expert’s consultants make sure that there is no problem in the procedure of company formation and your work smoothly without any hassle. Contact us for a business setup in DIFC, We will be glad to assist you.

    BCM Corporate Services Can Help You !

    1. VISA WITH A FLEXI-DESK OPTION:

    Many freelancers and solo entrepreneurs are drawn to Freezone Services for Business Formation in UAE, DAFZA by its convenient and cost-effective flexi-desk option – affording users flexible access to desk space and other office services, such as conference room hire and reception cover on an ad-hoc basis. One of the many benefits of DAFZA’s flexi-desk offering comes in the shape of visa support. The Dubai Airport Freezone DAFZA Authority will assist you in obtaining the correct visa to be able to set up your company and work in Dubai whenever you wish to make use of your desk spacein DAFZA

    2. EASY SETUP:

    Dubai Airport Freezone DAFZA prides itself on making business easy. And its streamlined business setup process certainly does that. DAFZA supports entrepreneurs closely through each stage of the setup process, from deciding on the type of business you wish to run and choosing the appropriate licence, to fitting and furnishing your office. This ensures you are up and running and able to conduct your business activities in the free zone in no time.

    3. VARIETY OF BUSINESS TYPES AVAILABLE:

    One of the biggest selling points of Freezone Services for Business Formation in UAE, DAFZA is the wide range of business activities that can be set up there. Almost all activities as listed by the Dubai Department of Economic Development (DED) – aside from general trading – are welcome. This includes media, health, transport, cargo, e-commerce and consultancy, to name just six. Freezone Services for Business Formation in UAE, DAFZA is particularly popular with cargo and import/export businesses, and with those companies providing services to those industries, due to its close proximity to Dubai International Airport.

    4. EASY TO SPONSOR STAFF AND DEPENDENTS:

    As well as offering first-class business facilities, DAFZA also assists with obtaining the requisite permits and paperwork for dependents and staff of the entrepreneur setting up in the free zone. DAFZA supports business owners in processing all the visas, residence permits and healthcare cards they need, as well as ensuring that all the medical and other documentation needed for company staff is fully completed. Where family members are concerned, DAFZA also helps company owners and managers to obtain visas for any dependents that may require them.

    5. MULTIPLE SHAREHOLDERS:

    Freezone Services for Business Formation in UAE, DAFZA is not only popular with small businesses and solo entrepreneurs. As DAFZA registration allows for multiple shareholders, businesses of all sizes call it home. Shareholders can be individuals or companies and each free zone business can register up to five.

    6. LOCATION:

    There’s no doubt that Dubai Airport Freezone Authority’s strategic location is a big part of its pull for entrepreneurs from all over the world. Located in the heart of Dubai – the UAE’s business hub – the free zone is ideally placed to do business with both East and West. It’s no coincidence that Indian and German companies are among the most prominent investors in the free zone. DAFZA’s location next to Dubai International Airport positions it perfectly for any business that would benefit from highly integrated transport links – including import/export, distribution and storage businesses.

    1. OPEN TO A RANGE OF BUSINESSES:

    as well as attracting businesses from the regulated financial sectors of banking and wealth management (the free zone is home to 17 of the world’s top 20 banks), Dubai International Finance Centre also welcomes many companies from non-regulated industries. DIFC Company Formation is open to brokers, consultants, and service and product providers from industries as varied as HR, health and fitness, and jewellery trading.

    2. ROBUST SETUP PROCEDURE:

    A major reason why DIFC Company Formationis considered one of the UAE’s most prestigious free zones is its comprehensive setup process. Regulated businesses must first file a letter of intent with DIFC Company Formation and attend a meeting with representatives from both DIFC and the Dubai Financial Services Authority (DFSA). Once your submission has been informally reviewed, you can then make your full application. As well as a completed application form, you will also be required to provide usual setup documents such as visa and passport copies as well as a formal regulatory business plan and a three-year financial forecast. If all is in order, you will receive an In-Principal Approval from the DFSA and you must then provide proof of incorporation or registration with DIFC, open a corporate bank account and provide evidence that you have office space from which to trade. Only then will you receive your company licence. The process for non-regulated is slightly less strict, though the exact requirements will depend on the nature of your business.

    3. CLEAR PRICING STRUCTURE:

    While setting up in DIFC Company Formation is by no means cheap, its pricing structure is transparent. As well as an initial setup cost of USD 21,500, entrepreneurs are required to pay licensing fees, office costs and paid up-front share capital of USD 50,000. Another substantial cost to consider if you are setting up a regulated business is that of creating a business plan. As this must adhere to the London Law, the total cost of creation can run into the thousands. These costs, and indeed any payment to DIFC Company Formation or any other authority, must be made in US dollars.

    4. AUDITING AND BOOKKEEPING REQUIREMENTS:

    Dubai International Finance Centre’s strict auditing and bookkeeping requirements are yet another reason why it is one of the most respected free zones in the region. However, while regulations may be tight, that’s not to say they are overly complex. Businesses must simply keep up-to-date books and file an annual report – for which a USD 800 fee is payable.

    5. EASY TO ARRANGE YOUR CORPORATE BANK ACCOUNT:

    Once you’ve received your In-Principal Approval from DIFC Company Formation and the DFSA, you can set up your corporate bank account. The application process is quick and simple. DIFC Company Formation staff can advise on the best bank to suit your needs – and can even arrange meetings in-branch for you, should you wish. A company formation specialist can also provide the same service – or alternatively, you’re welcome to approach any local or international bank on your own.

    6. DEDICATED VISA SERVICE:

    DIFC’s dedicated Government Services office provides many administrative services, including the issue and renewal of employment visas. The maximum number of visas you can apply for will depend on both the type of business you wish to set up and – as physical office space is mandatory – the size of premises you lease in the free zone.

    7. EASILY SPONSOR DEPENDANTS:

    Dubai International Financial Centre is also on hand to help with visas for your dependants as well. Whether you wish to sponsor a maid, driver or family member, the process is relatively easy – entry permit, status adjustment, medical fitness test, then Emirates ID registration and visa stamping. Keep in mind, however, that visas for maids require a deposit of AED 2,060. As this is such an important process, it’s a good idea to get advice from an expert in setting up UAE free zone businesses. This ensures that before you start an application, both you and those you’re hoping to sponsor meet the entry criteria.

    8. SET UP WITH MULTIPLE SHAREHOLDERS:

    As well as its ideal location in central Dubai, there’s another reason for DIFC Company Formation popularity with large, multinational business: it allows for company setup with multiple shareholders. These can be individuals, corporate entities or a combination of the two.

    9. ZERO PERCENT TAX:

    It’s impossible to talk about the popularity of Dubai International Financial Centre without mentioning its favourable tax conditions. The free zone provides a 40-year guarantee of zero taxes on both corporate income and profits. This is thanks in large part to DIFC’s broad network of double taxation treaties with global regulators and central banks.

    10. LOCATION, LOCATION, LOCATION:

    Without a doubt, much of DIFC’s draw is down to its location. As well as being strategically placed to trade with both East and West, the free zone’s central location between new and old Dubai puts it in proximity to some of the city’s best schools and healthcare facilities. DIFC is also linked to Dubai’s main highway, putting important travel hubs such as Dubai International Airport within easy reach.

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    Company Registration Service in Dubai International Financial Centre Free Zone Know business setup cost & Package with Tariff for Dubai International Financial Centre Free Zone. You will get Dubai International Financial Centre Free Zone Office at affordable cost, You can see several new companies in Dubai International Financial Centre Free Zone generating good Revenue. Read on Dubai International Financial Centre Free Zone Jurisdiction and Benefits of setting up of company in Dubai International Financial Centre Free Zone. We help you getting Business License in Dubai International Financial Centre Free Zone. Rules & Regulations in Dubai International Financial Centre Free Zone are similar to other free zones in UAE. You might have read about the activities, advantages employee benefits of Dubai International Financial Centre Free Zone. Get a quote today and know about license fees & trade license cost towards establishment of Dubai International Financial Centre Free Zone.

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