Dubai International Financial Centre
in Dubai, United Arab EmiratesCategory: Attraction
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Established in 2004 in Dubai, Dubai International Financial Centre (DIFC) is a 110-hectare district and major global financial hub for the Middle East, Africa and South Asia (MEASA) markets.DIFC has its own independent, internationally regulated regulator and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large, cosmopolitan business community. The district houses hundreds of financial institutions, including wealth funds and private investors, although it also hosts multinationals, retail outlets, cafés, restaurants, residential space, public green spaces, hotels and art galleries.
DIFC is one of Dubai’s independent free-zones, which means it offers companies 100% ownership without the need for a local partner. The district is governed by a common-law framework distinct from the UAE legal system with laws and regulations issued in English. DIFC offers clients a 50-year guarantee of zero taxes on corporate income and profits complemented by the UAE’s network of double taxation avoidance treaties.
