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DIFC

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The DIFC is the world's newest international finance centre, which was declared open for business in 2004. The DIFC is ideally located to bridge the existing financial centres of London and New York in the West with Hong Kong and Tokyo in the east. The DIFC focuses on several sectors of financial activity: Banking Services (Investment Banking, Corporate Banking & Private Banking), Capital Markets (Equity, Debt Instruments, Derivatives and Commodity Trading), Asset Management and Fund Registration, Insurance and Re-insurance, Islamic Finance & Professional Service Providers.

As a new global jurisdiction for financial institutions, the DIFC offers its participants a highly attractive investment environment, including:

• 100 per cent foreign ownership

• Zero tax rate

• Freedom to repatriate capital and profits without restrictions

• no restrictions on foreign exchange or capital/profit repatriation

The architectural signature building of the DIFC is the Gate, which is 15 storey high arched building on a 110 acre site to the south of the Dubai Emirates Towers landmark. Designed by US architects, Gensler, this iconic building house the centres executive offices, the DIFC Financial Services Authority, as well as providing prime office space for leading international financial institutions.

Within the self contained development of the DIFC will be a unique integration of buildings comprising of offices, serviced apartments hotels shops and restaurants. Adding culture to the centre there will also be a Museum, and Art Gallery and a Performance Arts Centre.

The job creation plan for the DIFC is to create about 10,000 jobs in all 6 sectors. It is anticipated many of these positions will be filled with a mixture of foreign employees and local residents with specialist skills along with many graduate training programs.

 
dubai property
DIFC
dubai properties
DIFC
dubai properties
DIFC
dubai properties
DIFC
dubai properties
DIFC
dubai properties
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