Dubai International Finance Center is one of the best financial centres in the world and is the leading financial hub in the Middle East, Africa and South Asia region. It has 2,137 registered companies and 23,604 workers.
The DIFC is a platform which has an independent regulatory and legal system and a specialized infrastructure. For end-to-end client servicing it serves as a single point of contact.
It is considered to a pivotal hub for tapping growth opportunities in the Middle East, Africa and South Asia, which is a region with a combined GDP $7.7 trillion.
The DIFC announced that the number new companies that joined the centre during the first reached 2,003 at the end of June, increasing 8% from 1,853 as of 31 December 2017 and 14% year-over-year from 1,750.
The sustained growth in the number of companies undertaking business from international finance centre means that 614 companies are regulated by the Dubai Financial Services Authority, of which 493 are financial services firms.
Setting up a business in the DIFC and operating it is very easy and efficient because the DIFC is well-equipped to provide services like registration and incorporation of businesses, licensing, processes for employee sponsorship, commercial property ownership and handling queries, among other things.
If you think of DIFC as only a place for work and business, you might want to think again. The place has been provided with a great environment. There are restaurants, shops and galleries to entertain you and you will be able to enjoy being in the DIFC.
Facilities in the DIFC
In the DIFC, you will get all types work spaces. You can have your own commercial office spaces, co-working spaces, retails spaces, event spaces and business centers.
You will be happy to know that the DIFC has a great working environment where you can focus on making your business the path of success for yourself. The offices are well-maintained, provided good security through supervision, equipped with emergency power system, and high-end communication technology.
Other facilities include conference and meeting facilities, storage, and IT support.
The DIFC provides you with:
a. 100% ownership of your business
b. Independent regulatory environment
c. Unrestricted capital repatriation
d. No tax on corporate income
The types of businesses you can run
In the finance center, there are a lot of businesses that you can run. These include:
a. Commercial Banks
b. Investment Banks
e. Fund management
f. Asset management
g. Professional services
h. Financial technology
What should be your choice?
If you want a business setup in Dubai and that too in the DIFC, there are a lot of things to keep in mind. The process is easy and KWS ME can help you with it, but you need to make sure that you are up-to-date with your documents and the procedures.
The DIFC offers business opportunities in UAE that you had always heard about. However, to take advantage of these business opportunities in UAE you must have your plan ready so as to be able to implement it right away.
Apart from business registration, KWS ME helps client through the full procedures leading to the new company registration UAE. Other than new company registration UAE, services like obtaining licenses, completing documents, gaining visa and other business operation related permissions from the government can be difficult for you as a new investor in the UAE. Experts at KWS ME will help you get through these stages as well so your business setup in Dubai is up and running as soon as possible.
DIFC is a great place to start your business. Let us know through call an email how we can help you.