DIFC - Dubai International Financial Centre

The DIFC is a 110-acre free zone located at the crossroads of the major international capital markets of New York and London (in the West) and Hong Kong (in the East), Dubai is the complementary hub connecting the region with a 24 hour/7 day a week global financial network. The DIFC is the world's newest international financial center aiming to encompass the same stature as New York, London and Hong Kong. Unlike ‘offshore’ tax havens, the DIFC is a fully fledged ‘onshore’ capital market.

The Dubai International Financial Center was conceived by the Government of Dubai for the benefit of the UAE and the wider region as a whole. Since it opened in September 2004, the DIFC has attracted top firms from around the world as well as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in the DIFC in September 2005.

DIFC’s ultimate goal is to create a regional capital market, offering investors and issuers of capital world-class regulations and standards. Its hallmarks are: integrity, transparency and efficiency. As a new global jurisdiction for financial institutions, the DIFC offers its participants a highly attractive investment environment, including:

100 percent foreign ownership
zero percent tax rate on income and profits
wide network of double taxation treaties available to UAE incorporated entities
no restrictions on foreign exchange or capital/profit repatriation
dollar denominated environment
transparent operating environment with high standards of rules and regulations
strict supervision and enforcement of money laundering laws
ultra modern office accommodation, state-of-the-art technology, sophisticated infrastructure, data protection/security, operational support and business continuity facilities of uncompromisingly high standards.

Services

The DIFC focuses on several sectors of financial activity: Banking Services (Investment Banking, Corporate Banking & Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management and Fund Registration; Insurance and Reinsurance; Islamic Finance; Business Processing Operations and Ancillary Services.

Additional Information

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