Dubai
International Financial Centre
(DIFC) is a distinctive economic zone in Dubai
UAE. It came into existence in 2004. It is spanned over 110 hectare of land. It
has served the purpose of being a financial marketplace that will address the
issues remaining unaddressed by the leading trade bodies of Asia, Europe and
America. DIFC has always strived to sustain a brand image of being a financial
hub with similar quality with the leading trade hubs of London, New York or Hong
Kong. The regulatory system of DIFC always have been same as the best of global
trade systems. There is an independent judicial system at the DIFC and the regulations
corresponds to global regulations and laws. The DIFC has entirely tax-friendly
trade system, top of its class financial exchange facility, common global
regulations & charters and most importantly one of the biggest trade and
commercial community to showcase.
The Dubai
International Financial Centre houses lots of financial houses and multinational
organisations and most importantly, the private investors and traders. Apart
from the trade and commerce activities, there are restaurants and cafes, hotels
and residents, public spaces and art salons etc. There are hundreds of
restaurants and eateries at the DIFC offering some of the best world cuisine. The
DIFC provides the traders 100% trade ownership facility. This eliminates the need
for having a local partner. The traders at the Dubai International Financial
Centre enjoy a 50 years guarantee of tax-free company income and profits. The
DIFC is a one of the tax free zones of Dubai with distinct legal regulations
from the Government.
There are three
independent bodies manage the DIFC. They are the Dubai International Financial
Centre Authority, Dubai Financial Services Authority (DFCA) and Dispute
Resolution Authority (DRA). The DIFC Authority looks after the overall
administration and operations and strategic development. The DFCA is
responsible for maintaining the regulations for economic services that are
conducted within or from the DIFC. The DRA is responsible for law and order
enforcement in the DIFC and the administration.
The Dubai
International Financial Centre is located, smack in the middle of Dubai,
between old Dubai and its modern equivalent. It is located next to some of the best
schools and hospitals in Dubai. It is very easily commutable from the main
highway and locations like the Media City, Free Zone Jebel Ali, the airport etc.
are very easy to reach from there. It is also close to some of the best
shopping malls and major tourist locations of Dubai.
Dubai itself is
a dream location for tourists and traders alike. It is the second largest as
per the area among all the Emirates and has way ahead of all of the rest in
terms of progress and modernisation. There has been a sustained patronage in
the development of infrastructure in Dubai. The communication system – complete
with the International Conference Centre, Dubai Word Trade Centre and Dubai
International Airport- is one of its class. This has seen an influx of
celebrities and they have been endorsing Dubai as a brand for lifestyle and
leisure. All the major hotels have opened their chains here; there are
top-notch shopping malls everywhere in Dubai. The sports infrastructure is one
of the best with most of the leading sports celebrities recognising Dubai as a
favourite go-to place.
Looking at the
amazing success story of Dubai as compared to all the other Emirates, everyone
wants to be there in Dubai, either for a successful holiday or for a successful
trade. Flocks of tourists and executives alike come to Dubai and the city is
teeming with millions. Dubai has a well-developed public transport system and
they are often over stressed and crowed with all the people going from one
place to the other. This has made the concept of car rental very popular.
Nowadays like
all the other industries in Dubai, the car rental business has been really
flourishing. You can easily choose your favourite car among the fleet of some of
the world’s best line up and hire it for any time span you may deem fit. It is very
comfortable, to hire a car and use it to commute to and from places in Dubai.
The Dubai
International Financial Centre being such an important economic hub, there is
always lot of executives and business personnel present for all the activities
going on there. These people often need transportation round the clock since
talking about global business- it goes 24 x 7. Thus, public transport often is
inconvenient and cabs may or may not be available every time. This has made
them look at the option of hiring the cars for a particular period and use them
to commute to and from the Dubai International Financial Centre.
The DIFC has lot of offices of car rental
service providers. You can walk inside the offices and talk to their customer
support. They will be happy ready to give you any information you need and will
help you out with the process of getting your favourite car on rent. Just read
the contract fully to be aware what you are signing up for, know the condition
of your hired vehicle, check the availability of some of the vital documents
like vehicle registration, insurance, driving license etc. and the basic speed
regulations and traffic rules. Then you are all set to hire your dream car at
the DIFC and are good to go.
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