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PriceWaterhouseCoopers launches second edition of DIFC guide

The second edition of the guide has been compiled to provide businesses with a more up-to-date understanding of the functioning of the DIFC, the types of financial activities that can be undertaken from within this financial district and the recent changes in laws and regulations.

Abdulla Al Awar, Managing Director of DIFC Authority said: "With the DIFC growing rapidly as a global financial hub, it has become a key strategic business base for several global and regional financial institutions. 'Doing Business in the Dubai International Financial Centre' provides comprehensive guidance for the many businesses who are both seeking to be part of DIFC as well as the institutions that have established here."

"The guide is an invaluable reference for businesses which are looking to take advantage of the significant long-term opportunities that can be tapped from a base in the DIFC, which include financial service opportunities in some of the world's largest emerging markets located in the region."

Michael J Stevenson, PwC's Middle East Senior Partner, said: "PricewaterhouseCoopers is proud to have been associated with the DIFC since its inception and to have provided extensive support and encouragement to the DIFC during its formative period. Today, as DIFC expands and matures, PricewaterhouseCoopers continues to contribute to its overall success. The information in this guide will assist businesses in assessing the advantages of doing business in the DIFC, helping companies get started in the DIFC and in navigating key issues related to their operations in the DIFC."

In addition to clearly outlining the benefits of doing business in the DIFC, the guide answers the many questions that businesses may have about the organisation, including its structure, the sectors of activity, business licensing and regulatory matters, as well as providing accounting, tax and legal information.

There is a section outlining the services that PwC can provide to companies seeking to establish in the DIFC. The guide also provides useful insights on living in Dubai as well as exchange controls, immigration and employment matters.