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CORPORATE SERVICESInnovation License In DIFC

Wincore Advisory Group’s structuring team will advise you on the best structuring to establish your Innovation License in the DIFC, whilst assisting you in fulfilling all regulatory licensing with ROC (Registrar of Companies), DED (Department of Economic Development), Freezone authority and the Regulatory authorities.

The DIFC Innovation License otherwise known as “Innovation License” or “Innovation Testing License” offers innovators an opportunity to set up and grow up their innovative businesses, without the high costs, stringent regulations and extensive licensing time-frame.

The DIFC Innovation License provides a Launchpad for unique exceptional technologies for; technology companies, start-ups and enables entrepreneurs to tap into technological innovations. The DIFC Innovation license supports innovation, creativity, and entrepreneurship in the technological space.

For other Financial Licensing in DIFC visit this page for more information.

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Financial Licensing DIFC | difc company setup | difc Licensing

Why is the DIFC the top jurisdiction of choice to set up an Innovation License?

The DIFC is one of the two Financial Free Zones within the UAE with its own civil and commercial laws. At the heart of the DIFC model is an independent risk-based regulator, the Dubai Financial Services Authority (DFSA), which grants licenses and regulates the activities of all banking and financial institutions in DIFC. As a financial free zone with an independent jurisdiction, DIFC has three independent authorities:

  • Dubai Financial Services Authority (DFSA);
  • Dubai International Financial center Authority (DIFCA) and;
  • DIFC Courts operating under English common law;

These three authorities ensure that DIFC offers a highly professional yet business-friendly environment operating with the best practices and recognized by all the major financial centers across the world.

The DIFC Regulatory regime for Funds has been designed to meet international standards for regulation and, where required, to provide adequate investor protection.

The DFSA has provided a facilitative, business-friendly regulatory framework while remaining compliant with the International Organisation of Securities Commission’s (IOSCO) principles for regulating Funds.

Wincore provides strategic assistance and coordination services on establishing FinTech Firms in the DIFC. Our team of senior-level compliance and legal advisors, combined with sophisticated corporate service expertise, can provide the highest quality advisory and set up services for regulated and unregulated set-ups, at a competitive cost and within an efficient and respected processing timeline.

If you would like to schedule your initial consultation, don’t hesitate to contact our team of advisors today on +971 4 221 2602 or contact@wincoreadvisory.com.

DIFC Innovation License

The DIFC Innovation license is extremely low-cost (starting at $1,500) in comparison to the other licenses at DIFC and obtaining the Innovation License grants the entrepreneur(s)  access to world-class co-working space and an ecosystem of fellow technology companies and access to the leading venture capital firms in the region.

The DIFC FinTech Hive and FinTech Funds contribute to the innovative efforts and enable the MENA landscape to establish new promising technology companies and entrepreneurs.

Why should you get a DIFC Innovation License in Dubai?

  • Subsidized license fees (starting at $1,500, could go on for up to 4 years);
  • Waivers on incorporation and registration fees;
  • No minimum share capital required;
  • Subsidized visa costs;
  • Access to world-class co-working space;
  • Access to an ecosystem of fellow technology companies;
  • Access to the leading venture capital firms in the region;
  • 100% foreign ownership;
  • 0% corporate tax;
  • 0% personal income tax;
  • 5% VAT only;
  • Access to a tax-efficient transaction structuring;
  • No restriction on capital repatriation;
  • No currency restrictions;
  • No restriction on foreign talent or employees employment;
  • US$ denominated economic environment;
  • Responsive Authorities.
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Towers Mazaya Business
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