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Dubai International Financial Centre  
Also known as: DIFC
Sector | Industry
Real Estate | Free Trade Zones and Industrial Parks
 
Country of Origin
United Arab Emirates
 
 
 
 
 
 
 
Company Updated: Jun 29, 2008
 
UAE
Non-Corporate Entity
 
 
Financial free zone for banking services, capital markets, asset management and fund registration, reinsurance, Islamic finance, business processing operations and ancillary services.
2002 (February)
411 (Company)
 Key Officers
 
 Contact Details
Address:
The Gate Building
14th Floor
Shiekh Zayed Road
Dubai International Financial Centre
P.O. Box 74777
Dubai
United Arab Emirates
 
+971 4-362-2222
 
+971 4-362-2333
 
info@difc.ae
 
www.difc.ae
 
www.difccourts.ae
www.gulfartfair.com
www.dfsa.ae

 
  Latest Headline
Minhaj Shariah Financial Advisory Launches Operations from DIFC  - Khaleej Times
 
  Business Overview
DIFC is aiming to create a world class financial centre at par with those in New York, London and Hong Kong to serve the needs of the MENA region. The financial free trade zone focuses on six main industries within the financial services sector: Banking Services, Capital Markets, Asset Management and Fund Registration, Reinsurance, Islamic Finance, and Back Office Operations.

To lure institutions into registration, the DIFC offers 100% foreign ownership rights, zero tax rate, and no restrictions on capital and profits repatriation. Unlike 'offshore' tax havens, the DIFC members will have fully fledged 'onshore' operations.

The DIFC has its own independent regulatory and supervisory body, the DIFC Financial Services Authority (DFSA)DIFC Financial Services Authority (DFSA)Loading..., which regulates all financial institutions within the zone. The DIFC Judicial establishment is responsible for enforcing the regulations while the DIFC AuthorityDIFC AuthorityLoading... is the core body responsible for the overall development and the day to day operation of the centre.
 
 
  Industry Benchmarks  Yr 2006  Yr 2007  Change (%)
 
  No. of Registered Companies 353  604  71.10 
 
  Land Area (sq ft) 4,792,000  4,792,000  0.00 
 
  Land Area (sq m) 445,200  445,200  0.00 
View latest report on Real Estate 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Gulf Art Fair UAE 50.00%
DIFC Lifestyle Group UAE -
Funds
 
Name  Country  Holding
Global Debt Fund Region-wide -
Global Equity Fund Region-wide -
India Equity Fund Region-wide -
NBAD Emerging Markets Fund UAE -
US Equity Fund Region-wide -
Divisions
 
Name  Country  Holding
DIFC Registrar of Companies UAE -
Mudara UAE -
Supervising Authority
 
Name  Country  Holding
Dubai International Financial Centre Authority UAE -
Developments and Projects
 
Name  Country  Holding
DIFC District UAE -
Events
 
Name  Country  Holding
DIFC Forum Economic Conference UAE -
DIFC Week UAE -
Related Organizations
 
Name  Country  Holding
Dubai Financial Services Authority UAE -
Dubai International Financial Centre Judicial Authority UAE -
 
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 
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