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Sun, 08 Nov 2009 | 05:18 GMT

Dubai International Financial Centre  
Also known as: DIFC
 
 
 
 
 
 
 
Company Updated: Jul 31, 2009
 
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; distribution of office supplies and information technology equipment.
2002 (February)
450 (As of Jul 28, 2009)
 Key Officers
David Eldon
Chairman
 
 Contact Details
Address:
The Gate Building
14th Floor
Sheikh 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

 
  Latest Headline
Islamic Finance is coming of age: IFC lists Sukuk on the DIFC - Press Release
 
  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 2007  Yr 2008  Change (%)
 
  No. of Registered Companies 604  780  29.14 
 
  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
This Requires Subscription
 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
Despec International UAE -
Despec Mera [via Despec International] UAE -
Divisions
 
Name  Country  Holding
DIFC Registrar of Companies UAE -
Supervising Authority
 
Name  Country  Holding
Dubai International Financial Centre Authority 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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