Vytal Corporate Services

Business setup in Dubai International Financial Centre (DIFC)

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Dubai International Financial Centre (DIFC) is a well-known location for the main international financial hub for the Middle East, Africa, and South Asia (MEASA) area. With almost 20 years of expertise, DIFC has been essential in promoting investment and trade flows in MEASA, which includes 72 countries and has a combined population of around three billion. With its robust infrastructure and regulatory framework, DIFC provides an ideal environment for business setup in DIFC, attracting companies from around the globe seeking to establish a foothold in this dynamic market.

 

Offering innovation licenses and DIFC fintech licenses in the esteemed DIFC jurisdiction, the DIFC Innovation Hub provides a leading platform for innovative startups. With an inexpensive DIFC trade license, it’s the ideal location for your IT firm, situated between the Burj Khalifa and Emirates Towers.

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Advantages of business setup in DIFC

 

The following are the advantages of a business setup in DIFC: 

  • 90% subsidized license
  • Allocating 4 Visas
  • 100% Foreign Ownership
  • Governed by UK Common Law rather than Sharia Civil Law in the UAE
  • Entry to a thriving startup ecosystem with no restrictions on currency
  • No Limitations on Repatriation of Capital
  • Access to Contemporary Amenities and DIFC Co-Working Spaces

Excellence Since 2001

Unlocking Opportunities in Dubai and Beyond
Since 2001, Vytal has been the Middle East’s most reputable and top company setup advisor, offering business owners invaluable assistance. Vytal Corporate Service assists with government approvals and other necessary documentation when establishing a business in Dubai. Our shared years of experience with law enforcement and government officials facilitate the formation of businesses.

DIFC legal entity types

 

The DIFC serves as the center for all fintech and financial businesses. The Special Economic Zone serves mostly businesses engaged in finance and investment. In the DIFC, legal business forms are:

  • A company limited by shares
  • Limited liability company
  • Branch Office
  • Partnership

 

Procedure for business setup in DIFC

 

Following is the procedure for business setup in DIFC:

  • Fill out the application.
  • Proceed to the registration procedure after the initial approval.
  • Send in all the paperwork along with evidence of the business’s minimum share capital.
  • After assessment of the documentation, the certificate of incorporation will be granted.
  • Open the business’s bank account.

 

 

Documents required for business setup in DIFC

 

Following are the documents required for business setup in DIFC:

  • Complete business plan
  • Information on key controllers, major shareholders with more than 5% of the company’s shares, and important employees’ certificates attesting to the business’s viability
  • Organizational chart proposed by the applicants
  • Comprehensive details on controls and operating systems
  • Internal auditing procedures and compliance systems used by the company
  • Application for anti-money laundering completed
  • The applicant’s financial status and regulatory background profile, whether they are a branch of the firm

 

Business setup in DIFC with Vytal!

 

Vytal on your side makes the process of business setup in the Dubai International Financial Centre (DIFC) more streamlined and effective. Vytal is a leading business setup consulting company in Dubai that provides extensive services that are customized to meet your unique requirements. At every stage, including business registration and legal procedures, Vytal offers professional assistance.

 

FAQs

Can foreign investors fully own businesses in the DIFC? 

Yes, international investors do not require a local partner to possess 100% of a firm established in the DIFC.

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Vytal is committed to giving you full support, always focusing on your needs and concerns. Our team is here to provide reliable and caring assistance, building a strong and trustworthy relationship with you.

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