DIFC freezone

DIFC, the first financial SEZ in the UAE, was created in Dubai in 2004. The Dubai International Financial Center is based on classical English common law. It has its own arbitration court, and the main domestic currency is the US dollar. Today, more than 2,000 companies operate in this zone. In addition to financial institutions, companies of other profiles can also be registered in the DIFC Free Zone.
DIFC freezone
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Work experience
For more than 8 years, Dynasty Business Adviser has been successfully introducing new players to the UAE business market. Our employees' qualifications in international law and practical experience in solving the most complex problems allow our team to develop effective schemes for clients to start activities in the Emirates successfully.
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From the moment of acquaintance until the end of cooperation, all tasks set by the client are solved quickly. We are available 24/7 and promptly attend meetings. Time is money, so our team acts professionally and harmoniously, achieving the desired result quickly.
Complexity
We plan and organize future activities considering the specifics of local legislation. We also handle all the formalities: company registration, legalizing documents, obtaining tax certificates and licenses, opening bank accounts, and accounting support. Your UAE business will work like a Swiss watch.
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Having its own office in Dubai allows Dynasty Business Adviser to work directly with clients. We do not transfer cases into the hands of intermediaries but independently represent your interests in government and commercial structures so we can guarantee the efficiency of our work and the achievement of our goals.
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Our activity's main priority is finding ways to achieve clients’ goals. Our professionals will solve any assigned tasks, even if the situation requires a non-standard approach, and will complete the work they have started. With Dynasty Business Adviser, your business has every chance of success in the UAE.
Content

Advantages of registering a company in DIFC (Dubai)

DIFC is a federal FEZ created to attract Western companies to the country’s financial sector. It is one of the leading financial centers in the world, and firms operating in the zone are offered many advantages:

  • the right of 100% ownership of the company by a foreign founder;
  • no taxes on personal and corporate income;
  • a large selection of activities offered;
  • possibility of obtaining resident visas;
  • no restrictions on foreign exchange transactions;
  • the possibility of free and unlimited repatriation of profits and capital;
  • well-developed infrastructure, use of modern communication technologies and the Internet.

Free Zone DIFC has created a transparent business environment that meets international standards and global best practices, with a high level of operational support.

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Types of companies in the DIFC Free Zone

The following types of companies are allowed to register in the Dubai International Financial Centre:

  • Company Limited by Shares (LTD) – limited liability companies. They are allowed to issue shares in order to increase the authorized capital;
  • Limited Liability Company (LLC) – companies with limited liability;
  • Limited Liability Partnership (LLP) – a limited partnership created by 2 or 3 founders. Their liability is limited according to their personal contribution to the partnership;
  • Limited Partnership (LP) – a limited partnership with 2 or more partners, at least one of which is the general founder with full responsibility. The remaining partners distribute responsibility according to their contributions;
  • General Partnership (GP) – a general partnership created by 2 or more persons having equal responsibility;
  • Recognised Company (RC) – representative offices of foreign companies;
  • Special Purpose Companies – companies created for a special purpose. They are licensed and subject to the governing body of the DIFC.

Activities that can be registered in DIFC FREEZONE

CATEGORY – 1

CATEGORY – 2

CATEGORY – 3A

CATEGORY – 3B

CATEGORY – 3C

CATEGORY – 4

CATEGORY – 5

Deposits acceptance

Operations with investments as main income (without raising fixed capital)

Operations with investments as main income (only with the attraction of fixed capital)

Provision of the depository to public organizations

Management of the joint investment fund

Support of loans or investments deals

Islamic financial institution that manages PSIAu

PSIAu management

Provision of credit

Mediation activities

Managing an organization

Asset management

Consulting on financial products and loans

License – Up to 5 types of activities – Commercial/Service

Provision of intermediary services

Depository creation

Utilities

PSIAu management

Insurance mediation

Certificate of registration Depository provision (except for public organizations) Insurance management
Business license Fund administration
Information about the share owner – License 2 Provision of intermediary services, except for express-trusts

Notes:

Financial services, which are listed in the cells in bold, are the determining factors for the prudential segment. The activities shown in the cells of the table are financial services (see Chapter 2 GEN).

The financial services that a company has the right to provide are specified in its license.

If a person provides one or more of the financial services listed in the bold boxes within a specific category, then the priority will be to address specific ongoing needs. Additional information regarding basic capital requirements and its minimum amount can be found in the DFSA Articles of Association in chapter PIB sections 3.5, 3.6 and 3.7.

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Types of licenses in the DIFC Free Zone

For companies registered in the DIFC free zone (Dubai), licenses are provided for the following types of activities:

  • provision of banking services;
  • work in the field of Islamic finance;
  • work with capital markets;
  • banking operations for capital processing;
  • insurance.

Companies not engaged in the finance and insurance industry may be registered by unregulated legal entities, for which a commercial license is provided. It allows you to open retail stores, medical clinics, business service points, cafes and restaurants, consulting, notary, auditing and other firms in DIFC.

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Documents required for company registration in DIFC

The list of documents required to register a company in the DIFC Free Zone depends on the type of company and type of activity. In general, you will definitely need:

  • charter of the registered company;
  • passports (copies) of founders and directors;
  • detailed business plan;
  • diagram of the organizational structure offered;
  • constituent documents of a legal entity, if it acts as a shareholder;
  • certified statements of the founders for the last 3 years.

Find out what documents are needed in your particular case from the specialists of Dynasty Business Adviser.

Cost of registering a company in the DIFC Free Zone

To open a company in the DIFC free zone, you need authorized capital. Depending on the type of activity, its size ranges from $50 thousand to $10 million. The cost of registration includes:

  • registration fee ($8000);
  • license cost;
  • office rental price – it depends on the required area;
  • costs associated with opening a bank account and obtaining resident visas;
  • other costs for obtaining additional documents, for example Establishment card.
The cost of registering a Fintech company in DIFC

Company registration at Dubai International Financial Center Fintech License

2050 USD
Flexidesk gives the right to get 4 visas for the company

6,400 USD

Dynasty Business Adviser Professional Services:

  1. Preparation of all necessary documents for FZE company registration
  2. Registration of a company in the FEZ DIFC
  3. Registration of a company in the UAE emigration
  4. Payment of all necessary fees and duties for the registration of the company
  5. Preparation of the company’s charter

4,000 USD

Total

12,450 USD

The cost of renting an office of 80 m2 in DIFC starts from $40,000 per year.

Registration of an investment company in DIFC with the capital management type of activity

The term of company registration is not less than 2 months and not more than 3 months.

The cost of registering a Fintech company in DIFC
COMPANY REGISTRATION AT DUBAI INTERNATIONAL FINANCIAL CENTER Price
  1. Reservation of the type of activity of the DIFC company
  2. Reservation of the type of activity of the company at DFSA (Dubai Financial Services Authority)
  3. Managing assets license
  4. Preparation of documents for renting a company office
  5. Company registration in DIFC
  6. Company registration at DFSA
  7. Registration of a company in the UAE emigration

50,250 USD

Dynasty Business Adviser Professional Services:

  1. Preparation of all necessary documents for the registration of an FZE company.
  2. Company registration in FEZ DIFC
  3. Obtaining DFSA Permission
  4. Registration of a company in the UAE emigration
  5. Payment of all necessary fees and duties for company registration
  6. Consulting services for opening a bank account in the UAE
  7. You have to hire: Executive director of the company, Security Specialist, Anti-money laundering specialist

10,000 USD

Total

60,250 USD

The presence of the company’s Business Plan is mandatory. In it, the company’s activities are described in detail, including a description of asset acquisition, their placement, and protection against money laundering for no more than 50 pages
This amount consists of the following:
TYPE COST, USD

Dubai Financial Conduct Authority (DFSA)

25000 yearly

Dubai International Finance Center (DIFC) Registration Fee

12000 one-time payment

DIFC license

12000 yearly

Data center services (information protection)

1250 yearly

These companies have a requirement for the authorized capital from $500,000; you can declare higher.

The cost of renting an office (4 mandatory positions in the company) is at least 10 m2 per person. (from 30k dollars per year for 50m2).

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Benefits of Dynasty Business Adviser for company registration in DIFC

You can open a company in Dubai, in the DIFC Free Economic Zone, with minimal effort and time, by contacting the specialists of Dynasty Business Adviser. We operate in the UAE and are a licensed registrar of onshore and offshore companies in the Emirates. With our help, you will register a company in the DIFC FEZ quickly and without problems, visiting the country only once to open a bank account.

Frequently asked questions

What is a process DIFC company formation in UAE?

Submit a letter of intent to DIFC. Attend a meeting with representatives of Dubai International Financial Centre Authority and Dubai Financial Services Authority. Submit a full application with documents. Then the entrepreneur will receive an official approval from the DFSA and will have to provide confirmation of the company registration in Dubai Free Zone to DIFC authority, opening a bank account in dubai and provide confirmation of the availability of office space for doing business.

Do I need to visit UAE to register a company in Dubai International Financial Centre Free Zone?

You do not need to visit UAE to open a company in DIFC Free Zone, but if you want to apply for a visa eligible company, you need to have previous UAE entry stamps.

Where can I carry out my business?

You can carry out your business in DIFC Free Zone and worldwide. You can have customers from any Emirate.

How long does registration take?

It usually takes 1-2 business days.

Can I have an office in Dubai?

You can have an official office space only in Dubai International Financial Centre Free Zone, but you can use any Dubai business center, which can provide virtual office services, and even rent a small space there.

What is the advantages to opening companies in DIFC?

DIFC UAE, the only fully operational financial UAE Free Zones, has its legal system based on English common law. The zone has its own court as well as the US dollar as the primary currency used for any payments and transactions. DIFC Dubai is suitable for financial, banking, asset management and insurance companies.

What is included into your service?

Our setup package includes: company registration in Dubai International Financial Centre Free Zone, establishment (immigration) card processing and owner’s visa processing including support with Medical checkup and Emirates ID application.

Can I open bank account in DIFC Free Zone?

Yes, of course. You will be able to open company account in Dubai International Financial Centre Free Zone after you receive the license. You can also open a resident’s bank account after you get your visa in DIFC Free Zone.

Is audit required at the time of company renewal?

No, it is not required.

How many visas can I get in my company?

Depending on the chosen license, you can have 2-3 visas in DIFC Free Zone.

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