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Tue 31 Aug 2010 10:35 AM

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Dubai's DIFC aims to cut cost of doing business

DIFC has 745 registered companies of which 297 are regulated and 374 are non-regulated.

Dubai's DIFC aims to cut cost of doing business
DUBAIS DIFC: DIFC has 745 registered companies of which 297 are regulated and 374 are non-regulated. (Getty Images)

Dubai International Financial Centre plans to reduce the cost of doing business in the tax- free business park to encourage investments, the company said in statement to Nasdaq Dubai bourse on Tuesday.

“During the first six months of 2010, the number of companies registered in the DIFC remained constant despite the economic downturn,” according to the statement.

“While a small number of firms have withdrawn over the period from the center, a significant number of firms from across the world continued to join including first time entrants into the region.”

DIFC has 745 registered companies of which 297 are regulated and 374 are non-regulated, it said. The center also has 74 retailers. (Bloomberg)

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