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About
Dubai International Financial Center (DIFC)
DIFC is a premier financial institution in Dubai, UAE and it is ranked among the world’s top 10 financial centers.
It is a well-established business and lifestyle destination ranking along with New York, Hong Kong and Singapore.
Why DIFC?
The DIFC offers a modified version of the English Common Law, which gives foreign investors an additional sense of security and stability. In partnership with the common law framework, the Dubai Financial Services Authority (DFSA) functions as the DIFC’s regulatory body and plays a crucial role in providing as well as enforcing the international regulatory standards that make the financial hub a popular destination for international businesses.
incorporation services in DIFC
Non Regulatory (Non-financial)
Any activity which does not fall under financial license category will be categorized as non-regulated company in DIFC. Some of the activities which fall under non-regulated are :
XPRO’s structuring team will advise you on the best structuring to establish a Fintech company (Innovation License) , Artificial Intelligence (AI) License as per your requirements and as per the existing regulations.
Following activities are part of
Innovation license
The Following Parts are Given Below:
- Portal
- Software House
- Technology Research and Development
- Information Technology Consultants
- Internet Consultancy
- IT Infrastructure
- Internet Content provider
- Artificial Intelligence (AI)
Benefits of obtaining
Innovation & AI license
Low cost license fee of USD 1,500 per year, for up to 4 years
To be part of a thriving ecosystem in DIFC.
Up to 4 visas approved on the minimum co-working desk space
Waiver of the minimum share capital requirement of US$ 50,000
Reduced visa costs of up to 50%
Minimum co-working desk space at US$ 500 per month, payable monthly or annually
Setting up in DIFC
A Prescribed Company
Investors can incorporate a holding company which is similar to the SPV. Since a prescribed company is a passive entity, companies need not rent a desk space separately.
A prescribed company will enable the investors to consolidate their assets into a single holding entity, to structure the entity as per their nature of assets which they currently own. Since DIFC operates under common law, companies have the flexibility to issue shares under different classes, customize the Articles of Association as per their requirements.
Prescribed company can hold any nature of assets, but there are few qualifying criteria to incorporate a prescribed company. Please connect with any of our consultants to learn more about prescribed companies.
DIFC cost to register a foundation is USD 1,100.
Our expert consultants in XPRO will assist you to incorporate a Prescribed company in DIFC, collate KYC, draft incorporation documents, open bank account and manage post incorporation services including renewal services.
Setting up in DIFC
A Foundation
Foundations provide a mechanism to consolidate holdings of various assets (shares, real property, intellectual property, royalties, etc.) into a single holding entity.
This allows for clarity on the transfer of assets during a succession process, and makes it Foundations operate like common law trusts, with an important distinction – they are legally incorporated with a distinct legal personality.
The advantage in registering a foundation in DIFC/ ADGM is for the existence of the common law. Because of its Orphan structure, the foundation will own the assets rather than any individual owning it.
Following are the members required to be appointed to register a foundation in DIFC:
- Council Members – At lease 2 council members must be appointed. The council Members can be either individual (or) body corporate.
- Founder – Minimum 1 to be appointed. This can be an individual (or) body corporate.
- Guardian – Not mandatory to be appointed. Cannot be same as council member.
- Beneficiary – Minimum 1 to be appointed. Founder/ Council member can be appointed as Beneficiary.
DIFC cost to register a foundation is USD 200. Apart from this, there is a separate cost of USD 750 to file data protection with DIFC.
Our expert consultants in XPRO will assist you to register a foundation in DIFC, collate KYC, draft incorporation documents, open bank account and manage post registration services including renewal services.
Setting up in DIFC
Operational Holding Company
Operational Holding company helps to consolidate investments under single entity. As the name suggests, an DIFC Operational Holding company will be an operational entity with investors having the option to hire employees and to operate as a full-fledged operational entity.
Specific advantages setting up in DIFC are :
TAX BENEFITS
- Zero tax for 50 years on profits, capital or assets
- Zero tax on employee income
COUNTERPARTY CONFIDENCE
- Well regarded, independent regulator
- Independent, English-speaking, common law judicial system
- Distinct from the UAE legal system
- Risk-based regulatory approach
Costs of setting up DIFC Operational holding company is USD 20,00 for the 1st year.
Our expert consultants in XPRO will assist you to incorporate a DIFC Operational Holding company, collate KYC, draft incorporation documents, rent office space inside DIFC, register lease, open bank account and manage post incorporation services, including renewal services.
Setting up in DIFC
Proprietary Investment Company
As the name suggests, proprietary investment company allows the company to manage their own investments. The Proprietary investment asset license holder is not allowed to manage/ advise investment for third parties.
Costs of setting up DIFC proprietary investment company is USD 20,00 for the 1st year.
Our expert consultants in XPRO will assist you to incorporate a DIFC proprietary investment company, collate KYC, draft incorporation documents, rent office space inside DIFC, register lease, open bank account and manage post incorporation services, including renewal services.
Setting up in DIFC
Single Family Office in DIFC
What is Single Family office:
Single family office is an entity which will allow family to manage their investments and affairs of a single family to a single holding company. Typically, a single-family office will be suitable for a family with a big structure and who will require an entity to manage the day-to-da affairs, education, business, travel of the shareholder’s family members. The assets held by the Single-family office will be considered as families own assets. Single family office is an operational entity, where one can rent an office, obtain visas. A Single family office can hold assets owned by a family worldwide.
Our expert consultants in XPRO will assist you to incorporate a DIFC Single Family office, collate KYC, draft incorporation documents, rent office space inside DIFC, register lease, open bank account and manage post incorporation services, including renewal services.
Requirements:
The primary requirement to set up a Single-family office in DIFC is the shareholder of the DIFC company must provide a proof of owning USD 50 million as net worth. This proof can be through Audited Financial statements, letter issued by the banker in the home country of the shareholder.
Benefits of Single-Family office:
Single family office can provide the following services
- Succession planning
- Tax Planning
- Legacy Planning
- Estate planning
Cost of setting up a Single-Family office in DIFC:
Costs of setting up a Single-Family office in DIFC is USD 20,000.
Our expert consultants in XPRO will assist you to incorporate a Single-family office, collate KYC, draft incorporation documents, rent office space inside DIFC, open bank account and manage post incorporation services including renewal services.
