Check out the benefits of starting a company in DIFC
Pavitra Shetty- at General
- on Mar 1, 2023 - 09:04
- on Updated: Mar 1, 2023 - 09:04
The Dubai International Financial Centre (DIFC) is a financial free zone that offers benefits to companies that operate within its jurisdiction. However, setting up a business in DIFC is different setting up business in other parts of Dubai.
The benefits of establishing a business in DIFC over other areas of Dubai include-
100% foreign ownership: Foreigners can form a company with 100% ownership without a local partner.
Tax exemptions: Companies are exempt from corporate and personal income taxes as well as customs duties.
Business-friendly regulations: With its own legal and regulatory framework the DIFC offers transparent and predictable business atmosphere
Infrastructure: The DIFC offers world class infrastructure infrastructure, including modern office spaces and technology.
Accessebility: Companies within the DIFC have access to a network of financial institutions, professional services firms, and investors from around the world.
Apart from the above mentioned benefits,DIFC provides various other advantages.
- Proximity to major markets: Situated at the prime location, the DIFC provides accessibility to all major markets.
- Flexible company structures: DIFC companies can choose from a wide range of legal structures, including limited liability companies, branch offices, and representative offices, to suit their business needs.
- Intellectual property protection: The DIFC has a dedicated Intellectual Property (IP) court that provides fast, efficient, and specialized dispute resolution services to protect the rights of businesses operating within the DIFC.
- Streamlined visa process: Companies operating within the DIFC can benefit from a streamlined visa process that allows them to hire international talent swiftly.
- Access to funding: With its well-developed financial ecosystem DIFC enables companies to access a lot of funding options, including venture capital, private equity, and debt financing.
- Supportive environment for business: The DIFC creates a supportive and collaborative atmosphere encourages innovation, entrepreneurship, and growth.
- Global recognition: Being recognized as the renowned financial centers in the world, DIFC enhance the reputation and credibility of businesses operating within its jurisdiction.
Many advantages provided by DIFC might aid companies in thriving and expanding in today's cutthroat business environment. It grants companies a competitive edge in the financial industry. The DIFC becomes a desirable location for companies in the financial industry by assisting enterprises in thriving in the cutthroat global marketplace.
For any legal queries or information, contact ask@tlr.ae or call us on +971526443004