Dubai International Financial Centre (DIFC) is the financial and business hub connecting the region’s emerging markets with the markets of Asia, the Americas and Europe. Since its launch in 2004, DIFC, a purposely built financial free zone, has been committed to encouraging economic growth and development in the region through its strong financial and business infrastructure. Currently, DIFC’s client base comprises almost 912 active registered firms, including: 19 of the world’s top 25 banks, 8 of the world’s 10 largest insurers, 6 of the top 10 law firms, 11 of the top 20 money managers and 7 of the top 10 consultant companies in the world.
Around 14,000 employees operate in an open environment complemented by international legal and regulatory standards. DIFC offers its member companies benefits such as 100 percent foreign ownership, zero percent tax rate, with no restriction on capital convertibility or profit repatriation.