Dubai International Financial Centre (DIFC) is a significant financial hub that serves the region’s financial needs. It was established in 2004 and is the fastest-growing international financial center in the world. DIFC has a unique advantage in terms of its time zone, which makes it an ideal hub for financial activities between Western Europe and East Asia. The center has attracted top-tier businesses from around the world due to its effectiveness, operational openness, and fundamental values based on integrity.
DIFC covers a large area of approximately 110 acres and has a unique judicial system with absolute jurisdiction over issues relating to employment, corporate security, commercial trusts, and municipal entities. The Dubai International Financial Market (DIFX), a premier stock exchange, is also located within DIFC, and it was established in 2005.
The Dubai Financial Services Authority (DFSA) is an independent regulator that oversees the financial and banking activities carried out by DIFC. Companies seeking to establish operations in this intercontinental financial hub, located between Singapore and Europe must obtain a business license from the DFSA. The DFSA offers a platform for growth-oriented, safe, and stable company operations.