Registered Auditors in Dubai International Financial Centre (DIFC)
Start your own business in UAE
Benefits of Setting Up a Business in DIFC
No restrictions on foreign exchange
100% foreign ownership
0% tax on corporate or personal income
Full repatriation of capital and profits
Dollar-denominated environment
Strict money laundering laws
State-of-the-art office accommodation, advanced technology, well-connected transport, communications, and internet infrastructure
Data protection/security
Operational support and business continuity facilities of high standards
Transparent operating environment
Availability of skilled professionals
Transparent business environment complying with internationally accepted laws and regulatory processes in accordance with global best practices
An international stock exchange with debts and equity listings (primary and secondary)
Financial Activities Allowed in DIFC
Businesses operating in Dubai International Financial Centre free zone are allowed to perform the following activities in the region:
Accepting deposits
Advising on financial products
Arranging for the custody, and investment credit or deals
Carrying out contracts of insurance
Dealing in investments as agent or as principal
Effecting insurance contracts
Insurance broking and management
Managing assets
Managing profit-sharing investments
Operating a collective investment scheme
Providing credit
Providing custody
Providing pecuniary services
Types of Legal Entities Allowed in DIFC
Dubai International Financial Centre offers a lucrative value chain to an individual or corporate investors in the form of multiple incentives. It allows an entity (individual or corporate) to register a business in any of the following legal forms:
1. Company Limited by Shares
2. Limited Liability Company (LLC)
3. Branch Office
4. Partnership
Types of Licenses Available in DIFC
Ancillary Services
Asset Management and Fund Registration
Banking Services
Business Processing Operations
Capital Markets
Islamic Finance
Reinsurance & Captive Insurance
Procedure to Set Up a Business in DIFC
1. Fill out the application form
2. After initial approval, move on to the registration process
3. Submit all the required documents with a proof of minimum share capital of the business
4. Open a bank account of the company
5. The license will be issued within a few weeks after analyzing every document provided, and the certificate of incorporation will also be issued along with it
Documents Required to Set Up a Business in DIFC
Anti-money laundering procedures and controls
Applicant company's financial position and regulatory history, in case of a branch
Company's internal audit functions and compliance system
Detailed business plan
Detailed information on operating systems and controls
Names of key controllers, major shareholders having above 5% shares, and key staff
Propriety certificate confirming the institution's fitness to conduct business
Proposed institution's organizational structure
Audited account of shareholders of the last 3 years