About Dubai International Financial Centre
Established in 2004, Dubai International Financial Centre has become the leading financial hub in the Middle East, Africa, and Asia region. The free zone offers a conducive business environment for the formation and expansion of existing companies. DIFC is home to over 2500 registered businesses operating in a range of activities including banking, fund management, brokerage, and insurance. The free zone also contains the Dubai International Financial Exchange. Dubai International Financial Centre company formation provides business with an independent legal framework and Court system as well as an independent governing body.
Why choose Dubai International Financial Centre
Independent risk-based regulation authority that grants licenses and oversees all business operations
Independent legal system and courts based on common law framework
Main currency of exchange is the US dollar, and all management fees are accepted in dollars as well
100% foreign ownership and repatriation of capital
Corporate, income, import and export tax exemptions
A range of office solutions including commercial space, co working space and business centers
Sophisticated fund set up and structuring capabilities
Advanced data protection facilities
Types of licenses for DIFC company formation
Commercial license – covers all trading and commercial activities specified by the license
Special licenses – These include licenses according to the specific business activity of the company as well other categories such as short term and restricted licenses
Type of business structure
- Can be either a private, public or recognized company
- Can be a foundation or a recognised foundation
- Company structure include two or more partners
- Includes general partnership, limited partnership, recognized limited partnership and limited liability partnership
Non Profit Incorporated Organizations
DIFC company set up in 3 easy steps
At LegalWorks we will assist you in every step of the DIFC company formation process from the documentation collection for initial approval to payment of registration and license fees. We hope to make the entire process easy and straightforward for you.
1. Apply for initial approval
Our team of specialists will take you step by step through the initial approval process. We will assist you in determining the license you require according to your business activity and the company structure best suited to your needs. DIFC set up requires the submission of an initial approval along with a few documents such as the business plan, passport copy, certificate of incorporation, and registration fee.
2. Submit your online application
Once you have received the initial approval, then the license registration process for DIFC company set up can begin, and the required documents submitted. The documents needed for the license include Memorandum and Articles of Association, a comprehensive business plan, Emirates ID, and NOC from the residency visa sponsor.
3. Payment and collection of license
Our team will assist you in payment of the license fees. A license in DIFC costs AED 12,000 although the exact cost of the license may vary with the type. Once the payment is processed you will receive your license and can begin running your business
Once you have received your license you can begin the visa process and rent an office space for your newly formed company. DIFC offers multiple office options to companies and the eligibility of visas is directly related to the office space a company chooses to avail. The type of working spaces includes co working spaces, commercial offices, and business centres. Our team can take you through all office options available and help you choose the right one for your company and number of employees.
DIFC offers leasing options for its companies
- A lease term of more than 6 years but less than 5 years: USD 100
- A Lease term equal to or more than 5 years and less than 10 years: USD 200
- A Lease term equal to or more than 10 years: USD 300
|Type of office space||commercial office||co working space|
|size||up to 800 sq ft||desk|
Cost of company set up in DIFC
Team up with LegalWorks to avail our DIFC company formation services and avail the best the free zone has to offer.
|Registration fee||USD 8000|
|license fee||USD 12,000|