Dubai International Financial Centre (DIFC) is a financial hub located in the heart of Dubai, which offers a range of licenses to businesses looking to establish a presence in the region. This article will explore the different types of DIFC free zone licenses.
The operating license is the main license required for all businesses operating in DIFC. This license allows businesses to operate in various activities, including financial services, professional services, and other activities approved by the Dubai Financial Services Authority (DFSA). To obtain an operating license, businesses must meet certain criteria, including demonstrating the necessary expertise and experience to operate in their chosen activity.
A restricted license is a type of license that is issued to businesses that do not require a full operating license but still need a presence in DIFC. This license type is issued for specific activities, such as holding companies or special-purpose vehicles. It is subject to certain restrictions on the activities conducted within DIFC.
A non-regulated license is a type of license that is issued to businesses that do not require regulation by the DFSA. This license type is typically given to companies that provide support services to regulated industries, such as technology or back-office service providers.
A branch license is issued to businesses outside DIFC wishing to establish a branch in the financial hub. This license type allows firms to operate in DIFC under the same legal entity as their existing business but with separate financial reporting and compliance requirements.
A commercial license is a type of license that is issued to businesses that wish to carry out commercial activities within DIFC. This license type allows businesses to operate in various activities, such as trading, retail, and general commercial activities.
Dubai International Financial Centre (DIFC) offers a range of licenses to businesses looking to establish a presence in the region. These licenses include operating rights, restricted licenses, non-regulated charges, branch licenses, and commercial licenses. Each license type is tailored to specific business needs and requirements and is subject to certain criteria and restrictions. It is important for businesses to carefully consider their options and seek professional advice before choosing the type of license that is best suited for their needs.