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Setting Up A Representative Office In The DIFC
This episode is also available as a blog post: https://10leaves.ae/publications/difc/setting-up-a-representative-office-in-the-difc
The financial services industry is growing at a rapid pace in the region. The Dubai International Financial Centre (DIFC), is at the forefront of this change. Ranked among the top 10 onshore financial centres worldwide, the DIFC is arguably THE place to be for financial service companies looking at targeting not just the UAE, but the whole MENA region. Setting up a representative office in DIFC is one of the ways of testing the waters, before deciding on taking on a full-fledged license.
The DIFC offers a low-cost alternative for firms that wish to explore the market. It allows for the marketing of one or more financial services or financial products which are offered in a jurisdiction other than the DIFC. These products are usually of a head office that is based in a different jurisdiction.
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By 10 LeavesThis episode is also available as a blog post: https://10leaves.ae/publications/difc/setting-up-a-representative-office-in-the-difc
The financial services industry is growing at a rapid pace in the region. The Dubai International Financial Centre (DIFC), is at the forefront of this change. Ranked among the top 10 onshore financial centres worldwide, the DIFC is arguably THE place to be for financial service companies looking at targeting not just the UAE, but the whole MENA region. Setting up a representative office in DIFC is one of the ways of testing the waters, before deciding on taking on a full-fledged license.
The DIFC offers a low-cost alternative for firms that wish to explore the market. It allows for the marketing of one or more financial services or financial products which are offered in a jurisdiction other than the DIFC. These products are usually of a head office that is based in a different jurisdiction.