Free Zone Company Formation

Set up in 2004, DIFC was established to oversee the strategic development, operational management and administration of Dubai’s financial companies. The Authority is committed to creating value for its various stakeholders. This commitment is expressed in DIFCA’s four-tiered management strategy:

1. Dubai Vision: Contribute to Dubai’s reputation as a global business hub by maintaining international standards, developing international relations, business and employment creation, and economic development.

2. Infrastructure development: Provide world-class physical, legal and regulatory infrastructure, which has been tailor-made for the requirements of the financial and professional services community.

3. Financial sustainability: Ensure the financial sustainability of DIFC and the companies established in the center through a program of resource alignment, financial risk management, and competitive bench marking.

4. Client centric: Support client growth through authority business process streamlining, service improvement, and enhanced management structures geared towards a superior client experience.

Business advantages of setting up a company in DIFC:

1. You can own 100% of your company as a foreigner.
2. Zero taxes on income and profits for 50 years from day one.
3. Possible access to UAE’s double taxation treaty network.
4. Freedom to move your money and profits around without hassle.
5. A world-class, independent regulator working alongside other global financial watchdogs.
6. Legal system based on English Common Law (unique in the region).
7. Transparent operations following global best practices and internationally accepted rules.
8. An international stock exchange for listing debt and equity.
9. Flexible legal structures for setting up your business.
10.Access to skilled professionals in Dubai and nearby.
11. Modern transport, communications, and internet infrastructure.
12. Efficient one-stop-shop for visas, work permits, and other necessities.
Regulatory bodies operating in DIFC:

1. DIFC Authority: The DIFC Authority, established under Dubai Law No. 9 of 2004 as a juridical entity attached to the Government of Dubai, is the body charged with overseeing the operation and administration of DIFC. Its responsibilities include developing overall strategy and providing direction, promoting DIFC and attracting licensees to operate in DIFC.

2. Dubai Financial Services Authority (“DFSA”): Created under Law No. 9 of 2004 and entirely independent of the DIFC Authority and the DIFC Judicial Authority, the DFSA is the integrated regulator responsible for the authorization, licensing and registration of institutions and individuals who wish to conduct financial and professional services in or from DIFC.

3. DIFC Judicial Authority (“DIFC Courts”): The DIFC Courts’ statutory function is that of administering and enforcing the civil and commercial laws of DIFC.

4. Registrar of Companies (“ROC”): The ROC operates under the Companies Law as a separate legal body established as a “Corporation Sole”. The ROC is responsible for advising on, receiving, reviewing and processing all applications submitted by prospective DIFC registrants seeking to establish a presence in DIFC in accordance with the Companies Law, the General Partnership Law, the Limited Liability Partnership Law, or the Limited Partnership Law, and the implementing regulations applicable thereto.

5. Registrar of Securities (“ROS”): The ROS is responsible for recording and registering, and thereby establishes priority of, security pledged against loans, guarantees and other financial transactions.

6. Registrar of Real Property (“RORP”): The RORP protects the rights of buyers, sellers and leaseholders.

7. DIFC Investments (Company): LLC DIFC Investments operates and manages a diverse portfolio of investments in line with the development of the Centre’s investment strategy and policies. It works to form strategic alliances to further the goals and objectives of DIFC.

8. Hawkamah Institute of Corporate Governance: Hawkamah Institute of Corporate Governance is an international association of corporate governance practitioners, regulators and institutions whose primary mandate is to develop corporate governance best practices in the Middle East.

9. Mudara – Institute of Directors (IOD): Mudara – Institute of Directors (IOD) is a membership organization serving directors, professional leaders and governance professionals in the Middle East and North Africa (MENA) region.

10. DIFC-LCIA Arbitration Center: In early 2008, DIFC positioned itself as an international arbitration jurisdiction with the establishment of the DIFC-LCIA Arbitration Center. A joint venture with the London Court of International Arbitration (LCIA), the center offers dispute resolution services to business and commercial organizations worldwide.

Our Team Of Experts at Intellect Chartered Accountants understand your need for DIFC and provide you with custom made solution as per your business needs considering relevant Law’s & Resolution’s in U.A.E.