DIFC Company Formation & Setup Costs - UAEConsultants

Dubai International Financial Centre (DIFC)

Free zone is a particular geographical area in the emirate where 100% foreign ownership is allowed. Free zones do not require partnership with a UAE citizen or with a local service agent.

  • Founded in:  2004
  • Location:  Dubai
  • Time for registration: 28 – 42 days
  • Types of licenses: service
  • Types of companies:  a new company, branch, subsidiary
  • Share capital:  minimum share capital is USD 50,000

DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC) is a free zone that was conceived by Dubai Government as the first UAE financial economic zone. Currently it is being the only fully functional financial zone in the UAE, with Abu Dhabi Financial Centre picking up as of year 2016.

The key feature of DIFC is its legal system, which is based on English common law as compared to civil or commercial laws of the UAE. It is also important to mention that DIFC has its own court. The main currency within DIFC is a US dollar, so all DIFC management fees are accepted in US Dollar currency.

Apart from payment of all registration fees, in order to operate a financial company in Dubai International Financial Centre, relevant approvals from Dubai Financial Services Authority (DFSA) are required.

FACTS YOU SHOULD KNOW ABOUT Dubai International Financial Centre (DIFC)

MAIN TYPES OF BUSINESS ACTIVITIES IN Dubai International Financial Centre (DIFC)

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COSTS OF BUSINESS SETUP

Dubai International Financial Centre (DIFC)
  • Registration feeUSD 8,000
  • LicenseUSD 12,000
  • Office rent*Rent varies and depends on the size of leased space
  • TOTALUSD 20,000 + rent

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