IFCs—Financial Ports of Call

Ports of CallWhat offshore and international financial centers would you like to know more about? There are dozens of them, offshore centers that were but are not; offshore centers that never were; offshore centers that don’t admit it; offshore centers for some; offshore centers that might be; the good, the bad, and the ugly.

Write the us and he will tell you about the ones in which you are interested:

Andorra, Anguilla, Anjouan, Aruba, Australia, Austria, Bahamas, Barbados, Belgium, Belize, Bermuda, Botswana, British Virgin Islands, Brunei, Canada, Cayman Islands, Cook Islands, Costa Rica, Cyprus, Denmark, Dubai, France, Germany, Gibraltar, Greece, Grenada, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Labuan, Latvia, Liberia, Liechtenstein, Luxembourg, Madeira, Malaysia, Malta, Marshall Islands, Mauritius, Monaco, The Netherlands, The Netherland Antilles, Nevis, Panama, Portugal, Russia, Seychelles, Singapore, South Africa, Spain, St. Kitts, St. Vincent and the Grenadines, Switzerland, Turks & Caicos Islands, USA, UK, Vanuatu…

…and don’t forget the microstates like the Hutt River Province and the Principality of Sealand.

The Dubai International Financial Centre (DIFC) is a federal financial free zone situated in the Emirate of Dubai, United Arab Emirates and a perfect example of a modern IFC aka Financial Ports of Call. The DIFC was established pursuant to UAE Federal Decree No. 35 of 2004, UAE Federal Law No. 8 of 2004 and Dubai Law No. 12 of 2004. The DIFC occupies a physical territory of approximately 110 acres. It has its own legal system and courts distinct from those of the wider UAE, with jurisdiction over corporate, commercial, civil, employment, trusts and securities law matters.

The DIFC aims to provide a platform for business and financial institutions to reach into and out of the emerging markets of the region. It was established to create an environment for growth, progress and economic development in the UAE and the wider region by providing the needed legal and business as well as physical infrastructure benchmarked against international standards.

Photo credit: www.thameralhassan.com Thamer Al-Hassan via Visualhunt.com / CC BY-NC-SA


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