DIFC revamps fee structure
Jun 14th, 2010 | By co | Category: Free Zones
The Dubai International Financial Centre (DIFC) registered 40 new companies in the first quarter of 2010
The current number of DIFC-registered companies stands currently at almost 900, five percent higher than the 2009 total of 859 which in turn was 15 percent higher than the 744 recorded in 2008. Due to international pressure on cost of doing business DIFC is currently revamping its fee structure hoping that more competitive rents, registration fees and streamlining the overall mechanisms would make DIFC a more attractive centre for international businesses. Since its inception in 2004, the number of firms at the DIFC has grown nearly 50 times. Among the almost 900 companies based in the DIFC 20 are of the world’s top 25 banks, and six of the world’s 10 largest asset managers.
