Dubai International Financial Centre (DIFC)

Dubai International Financial Centre (DIFC) is a premier financial hub, offering a range of services, including banking, insurance, and asset management. Located in the heart of Dubai, DIFC provides a unique blend of modern infrastructure, business-friendly regulations, and a highly skilled workforce. The centre is home to some of the world's leading financial institutions and offers a range of services, including office space, data centers, and telecommunications infrastructure.

License Types:

DIFC offers a variety of licenses, including:

1. Banking License: For companies engaged in banking and financial activities.
2. Insurance License: For companies engaged in insurance and reinsurance activities.
3. Asset Management License: For companies engaged in asset management and investment activities.

Requirements:

To set up a company in DIFC, the following documents are required:

• Copies of the shareholders' and directors' passports.
• Passport-size colour photographs with white backgrounds.
• Application form for registration.
• Proof of trade name reservation.
• Proof of initial approval for the activities.

Advantages:

• Strategic location in the heart of Dubai.
• Unparalleled connectivity to global markets.
• Business-friendly regulations with 100% foreign ownership.
• Access to a skilled workforce.
• Business support services, including legal and administrative support.

Disadvantages:

• Limited availability of office space.
• Higher costs for larger office spaces.

Services Offered by Global Expand:

Global Expand offers a comprehensive range of services for setting up and operating a company in DIFC, including:

• Company formation and registration.
• License procurement and renewal.
• Office space leasing and management.
• Visa processing and sponsorship.
• Compliance and regulatory support.