Dubai International Financial Centre is an onshore financial hub which focuses on providing a platform for business and financial firms in the region. It helps the firms to reach in and out of the emerging markets in the Middle East.
The Dubai International Financial Centre was created aiming at a progressive environment for growth and economic development in the United Arab Emirates by giving the necessary financial and legal infrastructure of international standards. It serves the large region between Western Europe and East Asia. It aims at developing a stature equal to its New York, Hong Kong and London counterparts.
Dubai International Financial Centre was opened in September 2004. Since its opening, it has attracted impressive and high caliber firms from across the world and in the Middle East. A distinguished stock exchange namely the Dubai International Financial Exchange was opened in the DIFC in September 2005.
Dubai International Financial Centre focuses on various sector of financial services including Banking Services (Investment Banking, Corporate Banking & Private Banking), Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading), Asset Management and Fund Registration, Insurance and Re-insurance, Islamic Finance & Professional Service Providers.
Firms who are keen to set up their centres in Dubai International Financial centre can make profits from the following advantages:
[list type=”arrow”][li]Foreign ownership that is 100 percent.[/li] [li]Tax rate which is zero percent on income and profits[/li] [li]Tax treaty network for UAE incorporated firms[/li] [li]You are given the freedom to recover capital and profits without any hassles or restrictions. [/li] [li]Laws and regulatory processes that are internationally affirmed.[/li] [li]A highly distinguished, independent regulatory agency working in association with other regulatory agencies in global jurisdictions. [/li] [li]A working environment that is completely transparent meeting with the international best practices.[/li] [li]An environment that is dominated by dollar in its dealings. [/li] [li]An international stock exchange[/li] [li]An array of legal vehicles that can be established with capital structuring flexibility[/li] [li]Easy approach to the resource of skilled professionals who are living in Dubai and in the Middle East[/li] [li]The infrastructure of transport, communications and internet that is modern and highly effective[/li] [li]A highly efficient one stop shop service for visas, work permits and other connected requirements. [/li] [/list]
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