There has been a greater focus on the MEASA Countries (Middle East, South Asia, and Africa) in terms of business as these countries have turned out to be some of the biggest market as well as resource points for a business. Due to this, there have been transactions among these countries and this is where the Dubai International Financial Centre (DIFC) comes into play.
The Dubai International Financial Centre was founded in the year 2004 and since then it acts as a financial center point for the MEASA countries. The free zone aims to provide a world-class business platform to companies that are established in the jurisdiction by forming a connection between the MEASA Countries as well as the world.
With various features and offerings such as 100% ownership without any requirement of the local partner, low or no taxes in the jurisdiction, and a network of double taxation avoidance treaties are only some of the benefits which are available to the businesses coming into the free zone. Since the establishment of the free zone, DIFC has adopted new and in-depth financial activities and has also grown in size.
Currently, there are more than 2,584 registered companies in the free zone and boasts of a workforce of 25,600 people. This shows that DIFC is becoming the go-to choice of businessmen and entrepreneurs both globally and domestically.
DIFC strives to provide a wide variety of options to choose from for the businessmen. The type of office spaces includes:
1.Commercial Office Space
The free zone aims to provide services which will exceed the expectation of the businesses coming to the free zone. The registered companies can choose the office space from the dedicated district of the DIFC which spans 110 acres.
The DIFC provides flexible and Cost-effective working spaces. There is a huge opportunity in Financial Technology in the MEASA region and the flexible co-working spaces with Flexi-desk arrangements will help businessmen from all over the world to capitalize on the opportunity.
The community at DIFC is huge which presents a big opportunity for retailers in the free zone. The DIFC can provide office space to a range of retail businesses such as restaurants, art galleries, fitness centers, nurseries, health and beauty outlets, etc.
The business centers at DIFC aim to provide the best possible services to a business and also target to meet all the demands of the various businesses. Each unit is equipped with modern furnishings and a number of facilities that a budding business may require.
The DIFC provides spaces that can be used to host launch events or any other business events. These spaces can handle up to several thousand guests. There are spaces for handling a smaller crowd of people also.
To cash in with the increasing opportunities in the Fintech industry, DIFC has established four states of the art data centers which offer tailored services according to the requirement of the business.
7.Find a Property
DIFC helps in leasing or finding a piece of property that will be beneficial to the business.
8.Book a Venue
DIFC provides a unique feature that helps the business to choose a venue for their event which will suit the requirement of the business.
Apart from these the DIFC also provides great lifestyle options such as shopping, dining, exploring new places, and new avenues. Apart from this, there are various which happen there from time to time.
Types of Businesses Available
- Free Zone Limited Liability Company FZ-LLC
- Branch of a Foreign/UAE Company
Dubai International Financial Centre Approved Auditor
Conducting a Financial Audit is a very important function for any business and the government of the United Arab Emirates has made it mandatory to conduct an audit of the business. The management of the business should take care that the audit should be performed only by an auditor who has been approved by the management or the governing authority of the free zone.
If you are looking for a trust worth auditing and accounting firm in the United Arab Emirates, then you can go ahead and avail of the services provided by JAXA Chartered Accountants. The experts at JAXA will take care of all the business problems faced by the business and will provide a hassle-free experience. Apart from this, the auditors will also help in the compliance of the various rules and regulations of the jurisdiction.