Business Setup in Dubai Free Zone (DIFC) & Corporate Bank Account

The Dubai International Financial Centre (DIFC) is a leading financial hub established in Dubai, UAE. It is a free trade zone offering a robust legal framework based on English Common Law. DIFC is known for its strategic location, favourable business setup environment, and easy access to global financial markets. A DIFC free zone limited liability company is suitable for brokers, foreign investment & companies that require financial business licenses.

DIFC provides several tax incentives, including a 0% corporate tax rate on qualifying income. These benefits, along with 100% foreign ownership and unrestricted capital repatriation, make DIFC a desirable jurisdiction for international businesses.

Choosing the right jurisdiction is a key step on your businesses journey. DIFC offers a dynamic business environment alongside a simple registration process and access to international markets. DIFC offers numerous benefits for businesses, including: 0% Corporate Income Tax on qualifying income, Full foreign ownership, Strategic location within Dubai’s thriving business ecosystem, Access to top-tier banking institutions, Business-friendly regulations and legal systems, Fast company setup, typically within 5 working days, No personal income tax for company owners and employees, You will have a physical office space in the heart of Dubai

Commonly required documents include: Copy of passport and visa for shareholders and directors, Proof of address, Business plan outlining the nature of business, Company name approval from DIFC Authority, No Objection Certificate (NOC). Our team will guide you through the entire documentation process to ensure swift and hassle-free incorporation.

Common legal entities in the DIFC include: Limited Liability Company (LLC), Free Zone Establishment (FZE), Free Zone Company (FZCO), Branch of a foreign company, Holding companies for asset protection, Service license companies for consultancy and professional services. Each type has its own requirements and benefits. We can help you choose the most suitable legal structure based on your business activity and goals

DIFC accommodates a wide range of business activities, including: Financial Services: Banking, insurance, asset management, and fintech. Professional Services: Legal firms, consultancy services, and corporate offices. Retail and Lifestyle: Restaurants, art galleries, and luxury retail outlets. This diversity makes DIFC a vibrant community for various business sectors.

Yes, DIFC companies can open offshore bank accounts. Uniquely, the middle east has world-class infrastructure in its banking world and uniquely, for free zone companies, onshore bank accounts are easily accessible, and we work with multiple reputable banks, including those in Dubai Multi Commodities Centre (DMCC), Dubai Internet City, Ras Al Khaimah, Abu Dhabi & many others to facilitate seamless account setup. Offshore bank accounts offer benefits like multi-currency management, lower fees, and enhanced privacy. We provide full support for banking applications, from connecting you with the right partners, to collating documentation and submitting the application.