DIFC to hold talks with Australian financial communityPress Release 11 Sep 2006 12:01 pm
A senior delegation from the Dubai International Financial Centre (DIFC) and the Dubai Financial Services Authority (DFSA) will be holding talks with key decision makers from the Australian financial community and the Australian government to discuss opportunities for companies in establishing a presence in Dubai and the DIFC. The DIFC delegation will be lead by His Excellency Dr Omar Bin Sulaiman, the Governor of the DIFC.
In March 2006 the international investment and advisory firm, Babcock & Brown Ltd, became the first Australian entity to be awarded a license to operate in the DIFC. The arrival of such businesses benefits the region by bringing global expertise to the local market, contributing knowledge and experience which will strengthen the region’s investment proposition over time.
His Excellency Dr Omar Bin Sulaiman, the Governor of the DIFC, commented:
“Our talks with the Australian financial community are very encouraging for the DIFC. The skills and experience of Australian institutions would be a great asset to the region in developing its offering as a world class hub for global finance.”
In just over one year, more than two hundred top international institutions have joined the DIFC as registered firms. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits, and no restrictions on foreign exchange. In addition, their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.