DUBAI INTERNATIONAL FINANCIAL CENTER (DIFC)

Although not strictly classified as a free zone, Dubai International Finance Centre (DIFC) bears various similar features. DIFC is a separate jurisdiction within Dubai aimed at the financial services sector. It has its own independent financial regulator and laws based upon international standards. Companies seeking to set up within DIFC are offered a variety of available corporate forms and their activities need not necessarily be limited to financial services. As with the free zones it allows 100% foreign ownership and offers a streamlined business environment. In addition, it is the home to the Dubai International Financial Exchange (DIFX), an exchange opened in September 2005 for companies seeking to access international investors.

Further information see http://www.difc.ae