The Dubai International Financial Centre (DIFC) Free Zone is different from all other Dubai free zones because it offers some of the most advantageous company formation packages. One of these differences refers to the possibility of setting up special purpose vehicles, a unique option in the Emirate of Dubai. Apart from this, Dubai International Financial Centre is one of the most important financial hubs in the entire UAE.
Our company incorporation agents in Dubai can offer information about the laws applicable in DIFC.
Types of companies in Dubai International Financial Centre
The DIFC has its own Commercial Code which provides for the following types of structures:
- companies limited by shares;
- limited liability companies;
- branch offices of foreign companies, referred to as recognized companies;
As the Dubai free zone is a renowned financial centre, the DIFC Authority also allows the establishment of investment companies and even of protected cell companies, which fall under different regulations. Our Dubai company formation consultants can offer assistance related to setting up investment companies in Dubai International Financial Centre.
Requirements to open a company in DIFC
As the DIFC is a free zone of Dubai, the 51% local partnership requirement does not apply here, which is what makes this free zone so attractive. The Dubai International Financial Centre Authority does not impose a minimum share capital for companies operating in the non-financial sectors. A DIFC company must have at least one shareholder and a minimum number of two directors. The company must also have a commercial license in order to be able to operate in Dubai International Financial Centre.
Registering a company in Dubai International Financial Centre
The following documents must be filed with the free zone authority in order to open a company in Dubai International Financial Centre:
- the prescribed application form;
- a viable business plan;
- the audited accounts of the shareholder for the last 3 years;
- details of the shareholders and directors.
For setting up a company that will operate in the financial industry, additional requirements apply.
For assistance in opening a company in DIFC, please contact our company registration representatives in Dubai.