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Dubai International Financial Centre (DIFC)
The DIFC is the world's newest international financial centre. It aims to develop the same stature as New
York, London and Hong Kong.
It primarily serves the vast region between Western Europe and East Asia.
Since it opened in September 2004, the DIFC has attracted high calibre firms from around the globe as well
as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in
the DIFC in September 2005.
The DIFC is a 110-acre free zone. It is part of the larger vision of His Highness Sheikh Mohammed Bin
Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, together with the
Government of Dubai, to create an environment for progress and economic development in the UAE and
the wider region.
Sectors
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.
Financial institutions may apply for licences in the above sectors. Firms operating in the DIFC are eligible
for benefits such as a zero tax rate on profits, 100 per cent foreign ownership, no restrictions on foreign
exchange or repatriation of capital, operational support and business continuity facilities.
Financial services in the DIFC are regulated to international standards by the Dubai Financial Services
Authority (DFSA).
About DIFC
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 the 24 hour/7
days a week global financial network.
The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the
UAE and the wider region as a whole. Its remit 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:
But unlike ‘offshore’ tax havens, the DIFC is a fully fledged ‘onshore’ capital market, comparable to Hong
Kong, London and New York.
Location:
The DIFC is located off Sheikh Zayed Road and behind the Emirates Towers and Dubai World Trade
Center. The financial hub is located in the heart of the city and is close to leading banks, hotels and retail
outlets. It is 10 minutes away from Dubai International Airport and 15 minutes away from Jebel Ali.
The DIFC is the world's newest international financial centre. It aims to develop the same stature as New
York, London and Hong Kong.
It primarily serves the vast region between Western Europe and East Asia.
Since it opened in September 2004, the DIFC has attracted high calibre firms from around the globe as well
as its region. A world-class stock exchange, the Dubai International Financial Exchange (DIFX), opened in
the DIFC in September 2005.
The DIFC is a 110-acre free zone. It is part of the larger vision of His Highness Sheikh Mohammed Bin
Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, together with the
Government of Dubai, to create an environment for progress and economic development in the UAE and
the wider region.
Sectors
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.
Financial institutions may apply for licences in the above sectors. Firms operating in the DIFC are eligible
for benefits such as a zero tax rate on profits, 100 per cent foreign ownership, no restrictions on foreign
exchange or repatriation of capital, operational support and business continuity facilities.
Financial services in the DIFC are regulated to international standards by the Dubai Financial Services
Authority (DFSA).
About DIFC
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 the 24 hour/7
days a week global financial network.
The Dubai International Financial Centre was conceived by the Government of Dubai for the benefit of the
UAE and the wider region as a whole. Its remit 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.
But unlike ‘offshore’ tax havens, the DIFC is a fully fledged ‘onshore’ capital market, comparable to Hong
Kong, London and New York.
Location:
The DIFC is located off Sheikh Zayed Road and behind the Emirates Towers and Dubai World Trade
Center. The financial hub is located in the heart of the city and is close to leading banks, hotels and retail
outlets. It is 10 minutes away from Dubai International Airport and 15 minutes away from Jebel Ali.
OVERVIEW:
The Dubai International Financial Centre is a financial free zone
aiming to position Dubai as a universally recognized hub for
institutional finance. The mission of the DIFC is to be a catalyst for
regional economic growth, development and diversification by
functioning as a globally recognized regional financial centre akin to
the Wall Street in the US, the City of London in the UK and Hong Kong
in the Asian economies.
The Dubai International Financial Centre is a financial free zone
aiming to position Dubai as a universally recognized hub for
institutional finance. The mission of the DIFC is to be a catalyst for
regional economic growth, development and diversification by
functioning as a globally recognized regional financial centre akin to
the Wall Street in the US, the City of London in the UK and Hong Kong
in the Asian economies.
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DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC)