The Dubai International Financial Centre (DIFC) is a leading global financial hub strategically located in Dubai, UAE, serving the Middle East, Africa, and South Asia (MEASA) region.

Established in 2004, DIFC offers a world-class business ecosystem, blending robust legal frameworks with innovative financial services. Home to over 4,000 companies, it facilitates trade, investment, and financial innovation across diverse sectors.

DIFC-Free-zone

With a foundation rooted in English common law, DIFC attracts international institutions with its tax-friendly policies, state-of-the-art infrastructure, and lifestyle offerings. With Riz & Mona Consultancy, your business setup in DIFC becomes faster, easier, and fully compliant, ensuring you take full advantage of the opportunities in one of the world’s fastest-growing markets.

What are the Benefits of Business Setup in DIFC?

Legal Framework

Operate under English common law with DIFC Courts ensuring transparency and swift dispute resolution.

Tax Benefits

Enjoy 50 years of tax relief, full foreign ownership, and unrestricted capital repatriation.

Business Ecosystem

Join 4,000+ companies in a collaborative hub for finance, tech, and professional services.

Future Vision

Grow within Dubai’s futuristic economic strategy, metaverse, and ESG policies.

Innovation Leadership

Benefit from DIFC’s FinTech Hive and metaverse initiatives driving digital evolution.

Lifestyle Integration

Enjoy luxury dining, hotels, retail, and culture alongside business excellence.

Capital Markets Access

Raise equity, debt, or Sukuk through NASDAQ Dubai and other financial channels.

Wealth Management

Tailored regulatory support for HNWIs and family offices within DIFC’s ecosystem.

Strategic Location

Tap into 3+ billion consumers across MEASA, Europe, and Asia from a central hub.

Quick Setup and Licensing

Start fast with a simplified, digital-first licensing and registration process.

Step-by-Step Process for Business Setup in DIFC

Setting up a business in DIFC involves a structured process to ensure compliance and efficiency. Here’s a step-by-step guide:
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Define Business Activity and Structure

The first step in company formation is determining your business activity and selecting the appropriate legal structure for your company. Options include:

  • Company limited by shares
  • Limited liability partnership (LLP)
  • Branch office
    Choose a structure that aligns with your intended operations and ownership preferences.
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Submit a Letter of Intent

Express your interest by submitting a Letter of Intent to the DIFC, outlining your proposed business activities and plans.

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Process Application and Obtain In-Principle Approval

Complete the application process through the DIFC portal, providing necessary documents like a business plan, shareholder details, and financial information. The DIFC Authority will review your application and, if satisfactory, issue an in-principle approval.

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Register Your Entity

Upon receiving in-principle approval, proceed to register your entity with the DIFC Registrar of Companies. This includes finalizing legal documents, paying registration fees, and securing a commercial license.

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Secure Office Space

Obtain a lease agreement for physical office space within the DIFC jurisdiction, as a physical presence is mandatory.

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Open a Corporate Bank Account

Once your company is officially registered, you can open a corporate bank account in Dubai. The bank account will be used to manage financial transactions and support company operations.

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Commence Operations

Once registration is complete, and all necessary arrangements are in place, your company is ready to start operations within the DIFC.

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Apply for Visas

After your company is registered and you have secured office space, you can apply for residence visas for:

  • Shareholders / Owners

  • Employees

  • Dependents (family members, if required)

The visa process involves:

  1. Entry permit issuance

  2. Medical test & Emirates ID registration

  3. Visa stamping on the passport

This step ensures you and your staff can legally reside and work in Dubai under the DIFC company license.

Want to Start Business Setup in DIFC?

Types of Business Licenses Available in DIFC

Financial Services License

Application Fee: Starts at USD 15,000

Annual Fee: From USD 15,000

Non-Financial Services License

Covers professional services, corporate offices, and retail operations.

Annual Fee: USD 12,000–15,000

Prescribed Company License

For holding companies, special purpose vehicles, and family offices.

Annual Fee: USD 1,000

Retail License

For consumer-facing businesses like shops and restaurants.

Annual Fee: USD 12,000–15,000

Professional Services License

Designed for legal, accounting, and advisory firms.

Annual Fee: USD 12,000–15,000

Innovation License

Supports startups and tech-driven businesses.

Fee: USD 1,600 (valid for up to 4 years)

Key Legal Entities for Setting Up a Business in DIFC

DIFC offers several legal entity types designed to meet the needs of businesses across various sectors. Here are the most important ones:

  • Limited Liability Company (LLC)

    A popular choice for businesses seeking operational independence, an LLC offers limited liability for its shareholders and is ideal for most types of businesses.

  • Private Company Limited by Shares

    This structure is commonly used by private enterprises. Shareholder liability is limited to the unpaid amount on their shares, making it suitable for holding companies and businesses raising private capital.

  • Public Company Limited by Shares

    Aimed at businesses planning to list on public exchanges, this structure adheres to strict governance and transparency requirements, making it suitable for large-scale public offerings.

  • Branch Office

    Foreign companies can establish a branch office in DIFC to conduct business without creating a separate legal entity, allowing easier market entry into the region.

What is the regulatory framework of DIFC?

DIFC’s regulatory framework is designed to provide businesses with transparency, stability, and compliance with global standards. Below are its key components:

Independent Legal System

English common law ensures legal clarity and independence.

Dubai Financial Services Authority

DFSA oversees finance: banking, insurance, asset management.

DIFC Courts

Handles disputes through litigation, arbitration, and mediation.

Counter-Terrorism Financing (CTF)

CTF measures prevent funding of global terrorist activities.

Anti-Money Laundering (AML)

AML rules combat financial crime and increase transparency.

Data Protection and Privacy

Global-standard laws safeguard personal and business data.

Specialized Frameworks

Tailored rules support wealth management and family offices.

Required Documents for Business Setup in DIFC

  • Business Plan: Outline of business activities, goals, and financial projections.
  • Proof of Identity and Address: Passports and utility bills for shareholders, directors, and UBOs.
  • Incorporation Documents: Certificates of incorporation and articles of association (for existing companies).
  • Application Forms: Completed DIFC forms detailing the company name, activities, and ownership structure.
  • Financial Proof: Audited financial statements or bank reference letters.
  • Lease Agreement: Proof of office space within DIFC.
  • AML and KYC Policies: Required for regulated businesses.
  • Additional Approvals: Sector-specific approvals (e.g., DFSA for financial services).
Rizmona Consultancy 15 Years Experience

Dubai International Financial Centre Business Setup Consultants in Dubai

How Riz & Mona Consultancy Can Help?

Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.

We are here to provide comprehensive support for your DIFC Free Zone Company Setup, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!

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FAQS

How long does it take to set up a business in DIFC?

The setup process typically takes 2 to 4 weeks, depending on the business type and approval requirements.

What are the specific benefits of DIFC’s tax-free regime?

DIFC offers a 50-year tax exemption on corporate income, no capital flow restrictions, and complete foreign ownership rights, making it an attractive destination for businesses.

Can foreign companies set up a branch office in DIFC without a local sponsor?

Yes, foreign companies can establish a branch office in DIFC without the need for a local sponsor or partner.

What are the ongoing compliance requirements for businesses in DIFC?

Businesses must submit annual financial statements, maintain regulatory compliance with the Dubai Financial Services Authority (DFSA), and file annual reports.

What types of businesses are eligible for the Innovation License in DIFC?

The Innovation License is designed for startups and tech-driven businesses, particularly in areas like fintech, AI, and digital transformation.