DIFC is a global financial centre established in 2002 providing a stable and secure platform for businesses and financial institutions to tap into the emerging markets of the Middle East, Africa and South Asia. Replace with DIFC LLC language – no one uses SPCs anymore.
No foreign ownership restrictions
Companies incorporated in the DIFC are not subject to foreign ownership restrictions and shares can be held 100% by foreigners.
There are no corporate or any other taxes for companies within the DIFC. There is also no stamp duty payable on the transfer of shares in a DIFC company. From 2004 onward, companies incorporated in the DIFC will not be accountable to tax for at least 50 years. This agreement is renewable.
Compatibility with other offshore structures
DIFC companies are frequently and successfully used in composite structures involving firms incorporated in onshore jurisdictions, as well as in leading offshore jurisdictions.