Establish a Company in Dubai International Financial Centre
Establish a Company in Dubai International Financial CentreUpdated on Thursday 19th January 2017
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The Dubai International Financial Centre offers great investment opportunities to all financial institutions and telecommunication service providers. The fact that English is used as the main language and the advantageous taxation provisions constitute some of the reasons for which a foreign investor might decide to establish a company in Dubai International Financial Centre.
Advantages of setting up a company in Dubai International Financial Centre
The Dubai International Financial Centre is one of the Dubai free zones and this means that a foreign investor benefits from advantageous regulations such as 100% business ownership and taxes exemption for 50 years. The legal system used in Dubai International Financial Centre is based on English law, thus granting to international companies a style of regulation and supervision modeled after the European Union directives.
When opening a company in Dubai Financial Services Centre, another significant benefit is represented by the modern infrastructure and the high quality internet and communication services which facilitate the operations and activities of your enterprise.
The legal context in Dubai has indeed its own particularities that our lawyers in Dubai can help you understand through counseling and other legal services.
Important steps in establishing a company in Dubai International Financial Centre
When setting up a company in Dubai International Financial Centre, it is good to have in mind the relevant authorities and official institutions which are responsible for the financial activities regulations. The Dubai Financial Services Authority (DFSA) emits licenses and supervises the financial activities conducted in this free zone.
Another very important authority is the RRC (Registration Review Committee), the institution which is responsible with the registration of the companies. If you go through all the registration steps and you obtain the approval from the RRC, the next step is to introduce several documents on the online platform DIFCSTAT. Depending on the type of the company you intend to establish in Dubai International Financial Centre, you might be required to provide as well a lease contract, the articles of association and the board resolution of your business. Our attorneys in Dubai are ready to help you sort our which documents you require at each step of your application and to help you prepare them in accordance with the legal provisions.
If you decide to establish a company in Dubai International Financial Centre, don’t hesitate to contact our law firm in Dubai for a prompt and efficient legal assistance in company formation.