For businesses aiming to establish a presence in the UAE, the Prescribed Company (PC) structure in the Dubai International Financial Centre (DIFC) offers an unbeatable cost-effective solution. With the low setup costs of DIFC PC and a streamlined framework, it’s a highly attractive option for companies looking to operate in one of the world’s leading financial hubs.
The Affordable Setup Costs of DIFC PC
The primary reason businesses choose the Prescribed Company structure in DIFC is its affordable setup costs. This simple and cost-efficient structure allows businesses to begin operations in DIFC without heavy financial burdens, making it an ideal option for startups, SMEs, and growing enterprises. Below is the breakdown of the key fees associated with setting up a Prescribed Company:
Incorporation Fees:
- One-time application fee: USD 100
- Annual license fee: USD 1,000
These costs make it one of the most budget-friendly ways to enter DIFC, particularly when compared to other jurisdictions in the UAE and the region. Businesses can enjoy the advantages of operating in DIFC with minimal upfront investment.
Ongoing Maintenance and Transfer Costs
In addition to the initial setup costs of DIFC PC, businesses should consider some minor ongoing costs related to maintenance and business transfers. These additional fees remain affordable and help businesses manage their operations or modify their setup as needed:
- Application for Grant or Renewal of License: USD 1,000
- Lodgment of Confirmation Statement: USD 300
- Application to Continue Incorporation: USD 1,000
- Application to Transfer Incorporation: USD 1,000
- To inform the DP Commissioner that the entity processes personal data: USD 750 (non-financial)
- Update Entity Name / Trading Name – USD 800
- New Establishment Card Fees (if applicable) – USD 618 (Normal), USD 656 (Express)
- Personnel Sponsorship Agreement Deposit -USD 680
These fees ensure that businesses can maintain flexibility without high costs, whether they’re renewing licenses or transferring their company within DIFC.
Beyond Setup Costs of DIFC PC: Exploring the Full Range of Benefits of the DIFC Prescribed Company
While the low setup costs of DIFC PC are a major draw, there are additional advantages to consider when choosing the Prescribed Company structure in DIFC:
Streamlined Regulatory Environment
DIFC offers a simplified regulatory framework that makes it easy for businesses to comply with legal requirements. With clearly defined regulations and processes, businesses can operate smoothly while focusing on their core objectives. The ease of compliance is a significant advantage, especially when compared to jurisdictions with more complex requirements.
Flexibility for Scalability
The Prescribed Company structure in DIFC is designed to support scalable growth. The affordable setup costs of DIFC PC and ongoing maintenance fees allow businesses to invest their resources in expansion rather than administrative overhead. Whether you’re launching a startup or expanding an established business, the Prescribed Company in DIFC structure offers the flexibility to scale efficiently.
Access to a Premier Financial Market
DIFC is one of the most prestigious financial centers in the world, providing businesses with access to a globally recognized ecosystem. By setting up as a Prescribed Company in DIFC, businesses gain entry into a network of financial services, international partners, and regulatory advantages that are hard to match in the region.
The Prescribed Company structure in DIFC is an incredibly affordable and efficient way for businesses to establish themselves in the UAE. With the setup costs of DIFC PC in just USD 100 and an annual license fee of USD 1,000, it offers one of the most cost-effective setups in the region. When combined with low ongoing maintenance fees and the benefits of operating within DIFC’s streamlined regulatory environment, it’s clear why this structure is a top choice for companies looking to expand in the UAE.
Efficient and Affordable Prescribed Company Setup in DIFC with MS
At MS, we specialize in guiding businesses through the process of establishing Prescribed Companies in DIFC. With our deep knowledge of DIFC’s regulatory framework and over seven years of experience, we make setting up a Prescribed Company both simple and cost-effective. From handling the affordable setup costs of DIFC PC to ensuring compliance with DIFC’s streamlined regulations, we offer end-to-end support, allowing you to focus on growing your business. Whether you’re launching a new venture or expanding your operations, MS provides expert advice and services, ensuring a smooth, efficient incorporation process that sets you up for long-term success.
