As with any other business set-up, you will need to first decide the type of business you would like to conduct. Since DIFC offers a range of licenses such as financial services, retail operations and professional services, you can choose the one that aligns with your passion or objectives.

The next step is to gather the documentation required, which includes a business plan outlining your business activities, financial projections and market analysis. Attach the passport copies and passport-sized photographs of your stakeholders and shareholders. You will also need a bank reference letter to demonstrate that you have good financial standing. Among other documents, Memorandum of Association and Articles of Association, NOC from the current employer (if you are employed) are what you should furnish.

Once you have gathered all the required documents, submit them along with your duly-filled application to the DIFC authorities. They will review your application and grant you the initial approval. Once you are company is registered, you will be issued a business to execute your chosen business activity and you can legally start operations in the DIFC-free zone.