Dubai International Financial Center (DIFC), a financial free zone, announced that it had 1,039 active registered companies as of December 31, 2014, a 14 % increase from a year earlier.
According to the announcement, in year there were 55 active financial services and 103 non-financial services firms was registered, bringing the total to 327 and 565 respectively by the year-end.
Over 2012, the combined workforce of DIFC-registered companies is 15,600, representing 11% growth over 2012.
Also, DIFC noted that there is greater diversification in its retail portfolio, with 40 new outlets offering a range of services registered within the last year, taking the total to 145 active retailers.
2013 was a year of significant growth and development for Dubai as a whole, with the U.A.E being awarded the Expo 2020 bid win, the initiative to move towards an Islamic Economy, and the MSCI upgrade of the U.A.E to ’emerging market’ status. These trends were also reflected within DIFC and in its sustained efforts towards becoming a global financial hub for the region.
In 2014 we will concentrate on the development of new markets such as Islamic Finance, Capital Markets, family businesses and growth markets such as Africa, providing additional business opportunities to firms based both within DIFC and the wider region DIFC has a highly attractive tax and regulatory regime, offering firms 0 % income tax guaranteed for 50 years, 100 % foreign ownership, no exchange controls and a legal system based on English common law
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