Designed to be an on-shore alternative with off-shore features, the Dubai International Financial Center or DIFC is a free trade zone in the heart of Dubai’s new business district. The DIFC has high standard, world-class regulations and offers a degree of transparency which appeals to investors and firms. It also has the added feature of being a tax-free environment in Asia’s newest major business center and the Middle East’s biggest business hub, Dubai.
DIFC is already home to a number of the world’s finest multinational companies, but with ongoing development and expansion to include more commercial space, it will soon be home to even more. The fact that 100 per cent foreign ownership is possible, and that there is no taxation on income or profits generated by firms have been good encouragement for the multitude of firms from overseas and local roots to base their worldwide operations here.
The current DIFC complex features state of the art technology on all scales, including 24 hour security, operational support, strict enforcement of anti money laundering laws and high standards of finishing on all commercial office space. Facilities such as restaurants, cafes and a gym create the best possible working environment.
The future of the DIFC is set to continue with the addition of new freehold towers which include: Limestone House, Park Towers and Sky Gardens. With easy access to the adjacent Business Bay and Burj Dubai developments, the DIFC really is a financial center with a difference.
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