x Abu Dhabi, UAEMonday 24 July 2017

Full immigration office for DIFC

The new centre is operated by the Naturalisation Residency Administration and is aimed at making the process of setting up at DIFC easier for companies based there.

DUBAI // Dubai International Financial Center has opened a full service immigration office as it seeks to attracting more international corporations to the financial free zone. The new centre is operated by the Naturalisation Residency Administration and is aimed at making the process of setting up at DIFC easier for companies based there. "The partnership with the DRNA has brought another added convenience to the DIFC Community," said Marwan Lootah, the chief corporate affairs officer at the DIFC.

"Today, the DIFC is ranked the world's fastest growing international financial hub. We have 20 of the world's top 25 banks and 6 of the world's 10 largest asset managers," Mr Lootah added. Since it's inception four years ago, more than 750 firms have registered at the DIFC. It offers companies 100 per cent foreign ownership, zero tax on income and profits, and no restrictions on foreign exchange.

skhan@thenational.ae