The Dubai International Financial Centre (DIFC) is an “onshore” financial free zone, established to position Dubai as a globally recognized financial centre. Covering a region from the western tip of North Africa to the eastern part of South Asia, the DIFC serves as the gateway for the flow of capital and investment to and from the region, while linking the financial markets of Europe, the Far East and North America. Supported by a regulatory framework built on the best practices found in leading jurisdictions around the world, the DIFC is a platform of choice for world-class global financial institutions and service providers looking to do business in the region.
Among the benefits offered to participants: zero tax rate on income and profits; 100 per cent foreign ownership; no restrictions on foreign exchange or capital/profit repatriation; internationally accepted laws; a world-class infrastructure; and operational support and business continuity facilities of uncompromisingly high standards. The key sectors of financial activity at the DIFC include: Banking Services (Investment Banking, Corporate Banking and Private Banking); Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading); Asset Management (Fund Management, Fund Registration and Fund Administration); Reinsurance (Captives); Islamic Finance, Ancillary Services and Business Processing Operations.
Doing Business in the DIFC
This guide has been prepared to assist financial institutions and ancillary service providers interested in doing business in the Dubai International Financial Centre. Produced by PwC in collaboration with DIFC, the guide has a similar feel and format to the doing business guides that PwC has published in the past. It is factual and practical in nature, providing financial institutions and service providers with the necessary information on operating from within the DIFC. It seeks to address some of the important business-related questions that may arise. Topics covered include the DIFC structure, legal framework, business licensing and registration process.
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