Dubai International Financial Centre (DIFC) is an onshore financial centre strategically located between the east and west, which provides a secure and efficient platform for business and financial institutions to reach into and out of the emerging markets of the region. The quality and range of DIFC’s independent regulation, common law framework, supportive infrastructure and its tax-friendly regime make it the perfect base to take advantage of the region’s rapidly growing demand for financial and business services.
DIFC fills the time-zone gap for a global financial centre between the leading financial centres of London and New York in the west and Hong Kong and Tokyo in the east. Guided by its core values of integrity, transparency and efficiency, DIFC is playing a pivotal role in meeting the growing financial needs of the region.
One of the principal factors behind the success of DIFC is its independent risk-based regulator, the Dubai Financial Services Authority (DFSA), which grants licenses and regulates the activities of financial services conducted through DIFC.
The DFSA’s regulatory regime was developed using principle-based primary legislation modeled closely on internationally accepted standards. The regulator’s mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, an international equities exchange and an international commodities derivatives exchange.
Successful applications are followed by online registration. In this process, clients input details to our secure registration system in order to facilitate multiple regulatory and operational requirements, including:
- Registration with the Registrar of Companies
- Registration with the Office of Data Protection
- Economic activity survey
- Customer satisfaction survey
Institutions wishing to offer regulated financial services must obtain approval of the Dubai Financial Services Authority, the independent regulatory body of the centre.
INCORPORATION AND LICENSING
A successful registration will result in a certificate of incorporation, registration, or continuation, and a commercial license.
Incorporated companies can choose from a variety of real estate options, according to the scale and scope of their requirements. Available options include:
- Leased offices
- Serviced offices and meeting facilities