Doing business in the DIFC

Doing business in the DIFC

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The rapid development of the Dubai International Financial Centre (“DIFC”) as a global financial hub hasresulted in the expansion of the range of financial services that can be provided from the DIFC. This hasled to the promulgation of a number of new laws and regulations as well as amendments to existinglaws and regulations.

This second edition of the PwC Guide Doing Business in the DIFC has beencompiled to provide the reader with a more up-to-date understanding of the DIFC, the types of financialactivities that can be undertaken from the centre and the recent changes in laws and regulations.This Guide has been prepared to assist those who are interested in doing business in DIFC.

It does not cover its chosen subject exhaustively; rather it seeks to answer some of the more importantbusiness-related questions that may arise. When specific questions occur in practice, it is alwaysadvisable to refer to the laws and regulations of the DIFC, and obtain the appropriate accounting, taxand legal advice.

The material contained in this Guide was first assembled in April 2006 and revised in November 2008and, unless otherwise stated, this Guide is based on information that was current - and to the best ofour knowledge - accurate at that time.