Founded in 2004, the Dubai International Financial Centre (DIFC) has quickly become one of the world’s fastest-growing international financial hubs. Known for its efficiency and transparency, DIFC attracts major firms from around the globe. It is also home to the Dubai International Financial Exchange (DIFX), a leading stock exchange. This free zone is strategically designed to connect the world’s major financial centers, such as New York, Hong Kong, and London. Establishing your company in the DIFC Free Zone offers numerous advantages.
- 100% foreign ownership.
- No income tax.
- Internationally accepted laws and standards surrounding regulatory processes.
- An international stock exchange system.
- A well-organized infrastructure.
- Ease of hiring staff.
- An open, multi-cultural business environment.
- 100% Repatriation of funds, including capital and profits.
- A large pool of skilled workers and professionals.
At YUGA Accounting & Tax Consultancy, we bring years of experience and expertise in helping business owners and entrepreneurs secure the necessary licenses and navigate the visa application process. We offer comprehensive support from start to finish to ensure a smooth and stress-free experience. Reach out to us today to discover how we can assist you in achieving your business objectives.
YUGA Accounting & Tax Consultancy
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Essential Documents and Steps for Obtaining a Business License in DIFC Free Zone
Establishing a company in the DIFC Free Zone is intended to be relatively simple and efficient. However, having a comprehensive understanding of the process can be very beneficial. You’ll need to collect the necessary documents for submission and follow these straightforward steps to set up your business.
Steps to Obtain Your Business License in the DIFC Free Zone
- Pick a Business Name
- Choose Your Legal Form
- Choose Your Business Activity
- Gather Required Documents and Submit Application
- Receive Final Approval
- Open a Bank Account
Necessary Documents
- Passport copies for each of the shareholders
- An information sheet for each shareholder and manager
- A board resolution from the board of directors authorizing the setup of a new branch
- Proof of address
- A notarized power of attorney ( for business using third-party consultants)
- A lease agreement documents your legal business office address
- C.V for the manager
- A certificate of incorporation if necessary
- A notarized Memorandum of Association, Articles of Association