Dubai International Financial Centre (DIFC) Dubai International Financial Centre is an onshore capital market, and is now a brave new world of growing financial centers. An integral part of His Highness Sheikh Mohammed Bin Rashid Al Maktoum 'Vision of Dubai, the DIFC has become a financial center in the Middle East, comparable to London, New York and Hong Kong. A designated financial free zone, the DIFC has attracted a large number of major financial brands in the region since its launch in September 2004.
Within the DIFC, there is a focus on six key areas of financial activity: Banking Services (Investment Banking, Corporate Banking and Private Banking), insurance and reinsurance; Asset Management and Fund registration, Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading, Islamic finance and professional services providers. All companies seeking to operate in the DIFC must apply for a license in one commercial sectors The above financial.
In order to attract major financial institutions in the region, the DIFC offers a range of incentives to create an attractive business environment for its members. These incentives include zero taxation on corporate income or profits, property at 100 percent and no foreign exchange restrictions or repatriation of capital. As the financial incentives, the DIFC has also provided an ultra-modern, state of the art infrastructure. Offices in the DIFC will use the latest technologies and communications to provide a truly world class service to its residents.
The focal point of development is the DIFC is a superb 15-storey tower housing offices of the executive offices of the DIFC. A landmark building, the door is the architectural signature building of the DIFC, and a gateway to one of the worlds major financial centers.
The DIFC District covers a total area of 110 acres of prime real estate in Dubai outside of the main Sheikh Zayed Road. A world-class development, the DIFC will be a unique integration of offices, apartments, hotels, shops and restaurants.
Posted on February 22, 2010.