Establish Your Presence: DIFC Business Setup Made Easy.

DIFC: It is widely accepted that Dubai is the top hub for business opportunities to flourish. No matter what your business idea is, may it be any corporate setup, fashion, finance or lifestyle, or anything else, Dubai is the ideal place to set up, especially for all the young and aspiring entrepreneurs out there.

The DIFC or the Dubai International Financial Centre, in particular, is one of the best locations in the Middle East region to establish your presence. It offers a quick and seamless process of DIFC company formation since it is the most important financial hub in the entire UAE.

Types of DIFC Company Formation in UAE

The DIFC is popularly known to offer the business setup in UAE process for the following type of company structures in the region:

• Companies limited by shares
• LLCs
• Foreign companies’ branch offices
• Partnerships

What do you need for your DIFC Company Formation?

It should be noted that setting up a business in the DIFC is a reliable way of establishing your corporate presence all over the world. Being the hub of business opportunities to flourish, it offers an ideal environment for the progressive growth of your business setup.

Furthermore, you will ultimately need the following documents to incorporate a company in the DIFC:

• The standard application form
• A viable business plan
• Shareholder’s audited account for the last three years
• Details of both the shareholders and the directors

Why invest in Dubai?

Owing to its amazing entrepreneurial environment, for many years Dubai has been referred to as one of the most attractive locations for investment for a large number of foreigners from all over the globe. These are essentially the investors who are willing to take chances and discover the possibilities and maximize their profits altogether.

So why should you be interested in investing in Dubai altogether? Yes, DIFC company formation is the real reason. Moreover, we have compiled some other important perks as to why should you consider investing in Dubai. These include the following:

•          Advantageous taxation system

Although VAT was just announced, the UAE still boasts to have the best taxation system in the world. It is absolutely free of corporate and personal income tax.

•          Stability

Every entrepreneur dreams of developing a business in a stable environment. Therefore, in Dubai, you can actually benefit from this idea. Moreover, you would be delighted to know that the UAE is one of the safest countries in the world in terms of everything.

•          Innovation hub

Got a business idea? Time to head to Dubai. Undoubtedly, it is the ideal place for you to develop your innovative business idea. In addition to that, you have the full support of the concerned authorities and permissive legislation.

•          Free trade zones

We all know that DIFC is one of the most popular business destinations in Dubai. Furthermore, it is known to offer a stable and rapidly growing business climate. For this reason, DIFC can be an excellent business option for foreign investors.

Furthermore, in this blog, we also look at some interesting facts and figures about UAE’s economy which further validates the idea that DIFC is ideal for thriving business economies:

• In the year 2020, the UAE recorded about $ 151 billion in total FDI.
• Secondly, in a 2020 Business report, the UAE was ranked 16th out of 190 global economies for the ideal business environment and circumstances.
• In 2019 alone, accommodation and food services used up most of the foreign investment in the UAE i.e. about 40 percent.
• The UAE is known for its massive oil & gas exports around the world.
• Lastly, according to 2020, over 122 business sectors in the UAE accept 100% foreign ownership in the UAE.

Perks of Easy DIFC Business Setup

It should be noted that establishing your presence in UAE through a DIFC Company Formation can be super beneficial in the following ways:

• No tax on the business’s income or profit
• Zero tax on capital repatriation
• Unlimited availability of skilled labor and professionals
• Outstanding infrastructure that is eventually ideal for the company’s productivity
• Exclusive legal system, unique from UAE’s federal laws, to offer the best possible support to all the business firms in the jurisdiction
• English Common Law to help the entities in the best possible way
• Gather all possible local investments as well
• A simple and easy process to get much-needed administrative support from the authorities. 

In a nutshell, now that we have thoroughly gone through the process of DIFC Company Formation, it is time to establish your presence in this region. For that, feel free to reach out to GCC Solutions, where our proficiently capable business consultants help you navigate the thriving corporate avenues in a much better way.