Cookies on Pinsent Masons website

This website uses cookies to allow us to see how the site is used. The cookies cannot identify you. If you continue to use this site we will assume that you are happy with this

If you want to use the sites without cookies or would like to know more, you can do that here.

DIFC companies allowed dual licences to operate across Dubai

Companies established in the Dubai International Conference Centre (DIFC) can now apply for a licence allowing them to operate in mainland Dubai.11 May 2017

A memorandum of understanding (MoU) between DIFC and economic development government department Dubai Economy will allow non-regulated companies based in the Centre to also operate as mainland businesses under the licence, DIFC said.

A central repository will be set up to allow data exchange between the parties. This will improve visibility and transparency of the commercial activity within the DIFC, and joint inspections will improve compliance, prevent fraud and increase consumer protection, it said.

Essa Kazim, governor of the DIFC said the MoU is "further evidence of DIFC’s efforts to encourage robust best practice and our commitment to our 2024 strategy that will see us triple in size."

Sami Al Qamzi, director general of Dubai Economy said that the agreement will help companies and investors to use Dubai as a business hub, as well as improving transparency and compliance.