DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC)

Dubai International Financial Centre (DIFC) is like a special area in Dubai where businesses can set up. It's in a good spot between the East and West. DIFC helps businesses and banks connect with the growing markets in the region. It's a safe and efficient place for them to work. DIFC has its own rules and laws that are similar to English laws. This makes it a unique and reliable place for businesses. The rules, the legal system, the support it provides, and the tax-friendly environment make DIFC the perfect base for companies. Especially those that want to offer financial and business services in the growing region. What's special about DIFC is that it follows English Common law, which is a good and fair system. In DIFC, there are different kinds of companies. Some are about money (like banking and wealth management), and some are not (like professional services and global corporations). Who should think about working in DIFC? Well, it's great for companies that offer professional and financial services. Many big international banks, insurance companies, and law firms have their main offices there. So, if you are in these businesses, DIFC could be a good place for you!

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Advantages of Setting Up Business in DIFC?

Dubai Multi Commodity Centre is an amazing choice for starting a business in the free zone. It’s a place where you can connect with others, build your business and make connections that will set you apart from the competition.

01

Enjoy 100% Foreign Ownership – Full control of your business!.

02

0% Income Tax Rate – Keep more of your profits.

03

0% Corporate Tax (just follow the rules) – No taxes weighing you down.

04

Tap into UAE's Double Taxation Treaties – Expand your financial reach.

05

Repatriate Capital and Profits Freely – No restrictions on your money.

06

Partner with a World-Class Regulatory Agency – Ensuring a top-notch business environment.

07

Embrace English Common Law – An international legal system you can trust.

08

Access Skilled Professionals – Dubai and UAE residents ready to contribute.

09

Experience a Transparent Operating Environment – Aligned with global best practices.

10

Join an International Stock Exchange – List your debt and equity instruments.

11

Choose from Various Legal Vehicles – Tailored to your capital structuring needs.

12

Utilize Modern Infrastructure – Seamless operations with advanced transport, communications, and internet facilities

Types of Licenses Available in DIFC

Here is a list of Licenses available in DIFC

Commercial License:

Enables companies to conduct specified business activities within DIFC, including trading, consulting, and general commercial operations.

Professional License:

Designed for individuals or firms offering professional services like legal, accounting, and consultancy services within the DIFC.

Service License:

Allows entities to provide specified services such as hospitality, real estate, and education-related services within the DIFC.

Industrial License:

Granted to companies intending to engage in light manufacturing or industrial activities within the DIFC.

List of Business Activities in DIFC

This free zone in Dubai offers amazing business opportunities for foreign investors.Here’s a list of the top business setups:

  • Computer Consultancies
  • Data Classification & Analysis Services
  • Cyber security consultation
  • Technology Research & Development
  • Web Designing
  • Portal
  • Public Networking Services
  • Software House
  • Education Technologies Research & Development
  • Education & Training Computer Software
  • Information Technology Consultants
  • Network Consultancies
  • Internet Content Provider
  • Electronic Chips Programming
  • Internet Consultancy

DIFC company formation License Requirement:

Physical Presence

The entity must have a physical presence in DIFC, including obtaining a flexible desk in co-working spaces

Trading Restrictions:

The entity is restricted from engaging in the trading or selling of physical products, such as importing/exporting goods, either directly or through e-commerce channels.

Technological Solution

The entity is required to offer a technological solution, such as a software solution, AI, Web3, Technology R&D, or Blockchain.

Simple And Quick Company Set Up in DIFC

The steps to start a company in DIFC are as follows

Decide your business activities

Choose your business activities and decide on a relevant business license. You will get an online application form from the DMCC authority to take the process further.

Submit the online application

Next, you are required to submit the application form by paying the initial fee. DMCC will look into the trade name registration and compliance approvals.

Submit the necessary documents

After the successful submission of the fee and the online application, DMCC will issue a provisional approval and bank letter for opening a corporate bank account.

Select office space

Finally, sign and submit relevant documents for the desired office space. DMCC will issue an E-license and you are ready to start a business in the free zone.

List of Documents Required for DIFC Business License

The application process for setting up a company in DIFC Dubai is very straightforward but requires some paperwork. These are as follows:

  • Application Form: Completed application form available through the DIFC portal.
  • Business Plan: Detailed outline describing the nature of the business, its objectives, and operational strategies.
  • Passport Copies: Copies of passports for shareholders, directors, and the appointed manager of the company.
  • Proof of Address: Residential address proof for shareholders, directors, and the company's appointed manager.
  • Corporate Documents: If applicable, documents like Certificate of Incorporation, Memorandum and Articles of Association, and a Board Resolution authorizing the setup of a branch or subsidiary in DIFC.
  • Financial Statements: Audited financial statements for the last two years (if an existing company) or projected financials for a new venture.
  • Reference Letters: Professional reference letters for shareholders and directors.
  • Visa and Immigration Documents: For non-residents, relevant visa and immigration documents might be necessary.
Plan a Business in DIFC with RadiantBiz

Looking to start a business in DIFC? RadiantBiz is your ideal partner to assist you with a hassle-free business setup in Dubai. We are the best company setup consultant in Dubai and we ensure to make your business setup in DIFC easier than ever.

What we can help you with? Team RadiantBiz is the ideal business partner, why? We assist you from the start, right from getting the initial approvals, business bank account in Dubai, and trade license, to visa, and office space. We will guide you throughout the process of business setup in DMCC across all industries.

Get started now with the experts! Speak to us now.

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