DIFC records 36% higher company registrations in 2021

DIFC records 36% higher company registrations in 2021

UAE - Mubasher: The total number of company registrations at the Dubai International Financial Centre (DIFC) jumped by 36% year-on-year (YoY) to 996 in 2021 from 735 companies, marking the highest level in the Centre's history.

This performance has raised the total number of active registered companies at DIFC by 25% to 3,644 in 2021 from 2,919 in 2020, according to a recent press release.

Meanwhile, the Centre recorded a 23% YoY rise in the number of financial and innovation-related entities to 1,124, compared to 915 in 2020.

DIFC generated revenues of AED 897 million last year, up 16% from AED 774 million in 2020.

Commenting on the Centre's performance, the Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the DIFC, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, said: "DIFC’s best-ever annual performance reflects Dubai’s position at the forefront of global recovery in the financial sector and the broader economy."

Al Maktoum added: "DIFC’s continued success has also been driven by the solid and enduring partnerships Dubai has built with leading global financial companies by providing them the high-quality hard and soft infrastructure needed to raise their competitiveness in an evolving industry."