DIFC Company Formation and Registration

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DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC)

Dubai International Financial Centre (DIFC) is one of over 30 free zones in Dubai, strategically positioned at the crossroads of East and West. DIFC provides a robust platform for businesses and financial institutions aiming to tap into emerging markets across the region. Its appeal lies in its high-quality regulatory environment, a common law framework aligned with English legal standards, and a favorable tax regime. These factors make DIFC an ideal base for capitalizing on the growing demand for financial and business services in the region.

Core Sectors: DIFC hosts a diverse array of global firms and organizations, with a focus on:

Banking: Major international banks operate from DIFC.

Professional Services: Leading law firms and consulting agencies.

Global Corporations: Multinational companies with regional headquarters.

Insurance: Prominent insurance companies.

Wealth Management: Firms specializing in investment and asset management.

Capital Markets: Access to various capital market services.

Recommended For: DIFC is particularly suited for professional and financial services companies, including those engaged in banking, insurance, legal services, and wealth management. It serves as a regional headquarters for numerous prominent international banks, insurance companies, and law firms.

Key Benefits of Setting Up in Dubai International Financial Centre (DIFC)

Below are a few of the significant advantages you can discover at ADGM

100% Foreign Ownership

Companies can be fully owned by foreign investors.

Zero Income Tax

Enjoy a 0% income tax rate, subject to adherence to regulatory requirements.

Zero Corporate Tax

Benefit from a 0% corporate tax rate, provided all regulatory standards are met.

Double Taxation Treaties

Potential access to the UAE’s extensive network of double taxation treaties.

Capital and Profit Repatriation

Freedom to repatriate capital and profits without any restrictions.

Independent Regulatory Agency

Operate under a world-class, independent regulatory body that collaborates with other major global financial regulators.

English Common Law

The legal framework is based on English Common Law, offering familiarity and stability.

Skilled Workforce

Access to a pool of skilled professionals residing in Dubai and the UAE.

Transparent Operating Environment

Operate in a transparent environment that adheres to global best practices and internationally accepted laws and regulations.

International Stock Exchange

Utilize an international stock exchange with primary and secondary listings for debt and equity instruments.

Flexible Legal Structures

Establish a variety of legal entities with flexible capital structuring options.

Modern Infrastructure

Benefit from advanced transport, communications, and internet infrastructure.

Business Licenses in Dubai International Financial Centre (DIFC)

The primary business license type in the DIFC is the service license. However, DIFC offers several specialized licenses tailored to different business activities, including:

DIFC Innovation License: For businesses focused on innovative and emerging technologies.

DIFC Crowdfunding License: For companies engaged in crowdfunding activities.

DIFC Financial License: Designed for financial institutions and services.

DIFC 3D License: For businesses involved in 3D printing technologies.

DIFC Investment Advisor License: For firms providing investment advisory services.

DIFC Payment Service Provider (PSP) License: For companies offering payment processing and related services.

Each license category is aimed at accommodating the diverse needs of businesses operating within the DIFC.

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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.

Non-Regulated Status: The entity must be non-regulated and is prohibited from offering any financial services, including financial advisory or arranging money services.

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List of Business Activities in DIFC

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

Company Registration Process in Dubai International Financial Centre (DIFC)

To register a company in the DIFC, you need to provide the following essential documents to the free zone authority:

01. Application Form

Complete and submit the official application form provided by the DIFC free zone authority.

02. Business Plan

Submit a detailed business plan that outlines your company’s objectives, operations, and financial projections.

03. Audited Accounts

Provide audited accounts for the last three years to demonstrate the financial stability and performance of the shareholder.

Once your business activity, company structure, and trade name are finalized, the next step is to secure preliminary approvals from the Abu Dhabi Department of Economic Development (DED). Some of the key documents required for this step include

04. Shareholder and Director Details

Include comprehensive information about the shareholders and directors, detailing their backgrounds and roles within the company.

For businesses in the financial sector, additional documentation and compliance with industry-specific regulations may be required. Ensure you review and meet all relevant standards for a smooth registration process.

Company Setup Requirements in Dubai International Financial Centre (DIFC)

To establish a company in DIFC, you need to follow these steps and provide specific documents

01. Obtain Initial Approval

Seek initial approval for company registration and entity name from the DIFC Authority.

02. Submit an Application

Submit a comprehensive application to the DIFC Authority, including

Completed application form

Business plan detailing proposed activities and financial projections.

Proposed company structure.

Proof of initial capital investment.

Copy of the company’s Memorandum and Articles of Association.

03. Capital Requirements

Private Companies: No minimum share capital required.

Public Companies: Minimum share capital of USD 100,000 required.

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