Company Formation in Dubai International Financial Centre

DUBAI INTERNATIONAL FINANCIAL CENTRE

The DIFC has been in business for over a decade, and has been a pioneer in offering entities a well-regulated platform to conduct financial service activities. The Dubai Financial Services Authority (DFSA) authorises and regulates firms for financial services, and is authorizes and regulates firms for financial services, and is recognized as a mature regulator both within the region, and worldwide.

The DIFC Courts completes the structure, with foundations set in the Common Law that offer a sense of familiarity and comfort to international investors.

Financial Services Activities

Entities and Individuals intending to carry out financial service activities in DIFC have to obtain regulatory authorisation from the Dubai Financial Services Authority (DFSA). These activities are subject to regulation and supervision by the DFSA.

Non Regulated Activities

The activities that do not include Financial Services are not regulated by the DFSA. The DIFC Registrar of Companies is the licensing authority for such activities.

WHY DIFC?

Central location in Dubai
Purpose-built financial centre
Common Law framework
Excellent initiatives for fintech and tech-startup companies
top-tier office space
Excellent connectivity to arterial roadways and Dubai Metro
Full range of financial services activities
Live and work in the same development
All Free Zone benefits

FORM YOUR DIFC COMPANY NOW!

Similar Free Zones in Abu Dhabi

Abu Dhabi Global Market

Advantages of Company Formation in Dubai International Financial Centre (DIFC)

100% foreign ownership
0% corporate tax for 50 years
0% personal income tax
100% repatriation of capital and profits
0% import or re-export duties
No currency restrictions
No restrictions on foreign talent or employees

In addition to this, company formation in Dubai International Financial Centre (DIFC) can derive benefits from the extensive network of double-tax avoidance treaties that the United Arab Emirates has signed with countries worldwide, including countries such as India, Pakistan, Singapore, China, Malaysia, Canada, Germany, Italy, Austria and Holland.

Dubai offers the additional benefits of a very high standard of living and a vibrant expatriate community with people from over 180 nations living and working in the region.

The following legal structures are available for Company Formation in Dubai International Financial Centre.

Private Company Limited by Shares

The liability of its shareholders is limited to the value of the share capital they hold in the company.

Branch Company

A branch or a representative office of a parent company which already exists outside of the DIFC Free Zone. The parent company can be based outside, or inside the UAE. A branch company –

Derives its power and authority from the parent entity thus does not have separate legal personality.
Will not have a board of directors or company secretary
Must retain the same name as the parent entity and end with the designation (Branch).

Partnerships

We can help you structure through Company Formation in Dubai International Financial Centre. Contact us to discuss your requirements.

A wide range of financial and non-financial activities can be chosen for Company Formation in Dubai International Financial Centre from the following:

Financial Service Licenses– allows the holder to carry out financial services activities. Read more on licensing categories for DIFC Financial Firms here.
Non-Financial Service Licenses– allows the holder to carry out non-financial services
Holding companies– for active holding companies and a variety of uses. Click here to read more on setting up a holding company in the DIFC.

The following office packages are offered for Company Formation in Dubai International Financial Centre:

Business centre desks – from US $ 27,000 per annum
Standard Offices – from 1,000 sq.ft. at US $ 55 per sq.ft. per annum

We provide DIFC Holding Company services through our parent company 10 Leaves. Contact us today, to know more.

Click here to know more about costs of setting up a regulated firm at the DIFC.

How can 10 Zone help in DIFC company formation?

10 Zone has:

Been setting up businesses in Dubai since 2004
Specialised in DIFC and ADGM company formation through our parent company 10 Leaves
Experts in consultancy and company formation
A team of highly qualified Lawyers, Chartered Accountants and Relationship Managers
Capabilities to assist you in English, Arabic, French, German, Turkish, Hindi, Afrikaans & Tagalog.

Our Services

Assistance in company formation
Visa processing
VAT registration
HR & Payroll
Contracts and Agreementsf
Secretarial and Annual Compliances
Marketing and branding

ALL SERVICES

100% foreign ownership
0% corporate tax for 50 years
0% personal income tax
100% repatriation of capital and profits
0% import or re-export duties
No currency restrictions
No restrictions on foreign talent or employees

All entities in DMCC can register a free zone establishment as one of the following –

I. Limited Liability Company
The liability of its shareholders is limited to the value of the share capital they hold in the company.

II. Branch Company
A branch is a representative office of a legal entity which already exists outside of the DMCC Free Zone (local or international). A branch company -

derives its power and authority from the parent entity thus does not have separate legal personality.
will not have a board of directors or company secretary
must retain the same name as the parent entity and end with the designation (Branch).

DMCC offers a wide range of business activities which are categorized into the following licenses:

Trading LicenSes – allows the holder to carry out trading activities specified in the Licence.
Service Licenses – allows the holder to carry out services specified in the Licence.
Industrial Licenses – allows the holder to carry out light manufacturing activities as specified in the License

To see the full list of business activities, download here
Source: Dubai Multi Commodities Centre Authority Free Zone Rules and Regulations

DMCC have the following lease or office types to offer:

Flexi-desks / Business Centre
Office Spaces and Solutions
Commercial Freehold property

Here are the initial documentation required for incorporation process:

Know Your Client (KYC) form
Business Plan
Passport Copy of shareholder, director, manager, company secretary, and/or legal representative.
Proof of residential address (valid tenancy contract, utility bill (not older than 6 months), bank confirmation letter (not older than 6 months)..etc.)

Parent Company Documents (for BRANCH COMPANIES)

Certificate of Registration
Memorandum & Articles of Association
Certificate of Incumbency

Additional requirements will be advised during the incorporation stage.

License fee starts at $5,530

Visas fee starts at $1,450

Flexi-desk space starts at $5,000 (with an option for three visas)

Office space - from $20 per sq.ft. per annum