Dubai International Financial Centre (DIFC) Reports Record-Breaking Growth in 2022 Driven by Fintech and Innovation

Big news from the Dubai International Financial Centre (DIFC)! In 2022, the DIFC achieved record-breaking growth, driven by fintech and innovation. With a 35% increase in the number of firms and a 25% increase in the number of employees compared to the previous year, it’s clear that the DIFC is the place to be for businesses looking to grow and thrive in the region.

At HAYMAN-WOODWARD, we’re excited to be a part of this growing ecosystem. We know that starting a business in a new country can be daunting, but with our help, you can efficiently open your company at the DIFC and take advantage of everything this financial center has to offer. Our team can also provide the appropriate tax planning for your business and family, especially if you choose to bring your global headquarters to the DIFC.

With its world-class infrastructure, regulatory framework, and business-friendly environment, the DIFC is the perfect location for companies looking to expand their operations in the Middle East and beyond. Let HAYMAN-WOODWARD be your partner in making this exciting move a reality. Contact us today to learn more!

Here are 10 reasons why you should consider choosing the Dubai International Financial Centre (DIFC) as your business’s new home:

1- A world-class infrastructure: The DIFC is home to some of the most advanced commercial and residential buildings in the region, with modern amenities such as hotels, restaurants, and retail spaces. The infrastructure is designed to cater to the needs of businesses, with state-of-the-art technology, ample parking, and efficient transport links.

2- Business-friendly environment: The DIFC is a supportive and welcoming environment for businesses of all sizes, with streamlined processes for setting up a company, obtaining licenses, and registering employees. The regulatory framework is designed to promote transparency, accountability, and investor protection.

3- Access to top talent: The DIFC is a magnet for talented professionals from around the world, with its central location and reputation as a leading financial center. This provides businesses with access to a diverse pool of skilled professionals across multiple industries.

4- Regulatory framework: The DIFC’s regulatory framework is one of the most robust in the region, designed to ensure the highest standards of transparency, accountability, and investor protection. It provides a clear and stable legal environment for businesses, with a modern and efficient court system.

5- Tax-friendly environment: The DIFC offers a tax-friendly environment, with no corporate or personal income taxes, no withholding tax, and no restrictions on the repatriation of capital and profits. This makes it an attractive location for businesses looking to optimize their tax position.

6- Strategic location: Dubai’s strategic location between Asia, Europe, and Africa makes it an ideal base for businesses looking to expand their operations in these regions. The DIFC is situated in the heart of Dubai, providing easy access to the city’s international airports, seaports, and road networks.

7- Multicultural community: The DIFC is home to a diverse and multicultural community, with people from over 150 different countries working and living in the area. This provides businesses with access to a wide range of cultural perspectives, which can be invaluable when developing products and services for a global market.

8- Fintech hub: The DIFC has emerged as a leading fintech hub in the region, with a vibrant ecosystem of startups, entrepreneurs, and investors. The center has introduced a number of initiatives to support fintech, including accelerator programs, innovation labs, and regulatory sandboxes.

9- Access to capital: The DIFC is home to a number of top financial institutions, including banks, investment firms, and venture capitalists. This provides businesses with easy access to capital, whether through loans, equity financing, or other funding sources.

10 – Quality of life: Dubai is known for its high quality of life, with world-class healthcare, education, and entertainment options, as well as a safe and welcoming environment for residents and visitors alike. The DIFC is situated in the heart of Dubai, providing easy access to all of the city’s attractions and amenities.