The DIFC was the first financial Free Zone in the UAE. It is
currently one of only two present in the country and is globally
renowned for its facilities and services that it provides. The
initial establishment took place in 2004, and it has since grown
and developed to become one of the most recognizable free zones in
the country.
It offers most of what is ordinary within a free zone such as
100% foreign ownership and 0% income or profit tax. On top of this,
DIFC specifically caters to financial entities and is governed by
the Dubai Financial Service Authority (DFSA).
As such, it does not generally rely on the laws and regulation
found on the UAE or Dubai mainland, as the DFSA produces provisions
specific to the free zone.
