DIFC sees record jump in company registrations

The number of new company registrations at the Dubai International Financial Centre (DIFC) increased at a record rate of more than a quarter (27%) in 2015 compared with 2014.

Last year, the number of active registered firms in the financial services and non-financial services sectors in the DIFC grew 13% and 22%, respectively, compared with 2014. Among active registered firms, financial services account for 408 firms while the non-financial services sector is made up of 835 companies.

The DIFC offers firms zero percent income tax guaranteed for 50 years, 100% foreign ownership, no exchange controls, and a legal system based on English common law.