DIFC

The Dubai International Financial Centre (DIFC) is a purpose-built finance and business hub located in Dubai, United Arab Emirates. Established by the Government of Dubai, its purpose is to create a regional capital market that supports investors and issuers by upholding high standards of integrity, transparency, and efficiency. The DIFC aims to provide a robust regulatory framework and an environment conducive to financial activity within a global, dollar-denominated context. <br><br>Key characteristics highlighted in its framework include full foreign ownership for participants, a zero tax on income and profits, and a wide network of double taxation treaties available to UAE-incorporated entities. The centre emphasizes open exchange and capital/repatriation freedoms, alongside strict adherence to money laundering laws and rigorous enforcement. <br><br>As a financial jurisdiction, the DIFC is portrayed as an onshore counterpart to leading global financial centres such as Hong Kong, London, and New York, with modern office infrastructure, advanced technological capabilities, data protection and security measures, and robust business continuity facilities. <br><br>In summary, the DIFC positions itself as a highly regulated, transparent, and efficient financial ecosystem designed to attract regional and international participation while maintaining strong supervisory standards.