To start a law firm in the Dubai International Financial Centre (DIFC), a foreign lawyer will need to meet the following requirements:
- Obtain a DIFC Lawyer License: A foreign lawyer must first apply for and obtain a DIFC Lawyer License from the Dubai Financial Services Authority (DFSA). The application process includes submitting an application form, providing evidence of qualifications, and undergoing a background check.
- Set up a DIFC law firm: Once the foreign lawyer has obtained a DIFC Lawyer License, they can then set up a DIFC law firm by registering with the DFSA and obtaining the necessary approvals. This may include submitting a business plan, financial projections, and other supporting documents.
- Hire local lawyers: Under DIFC rules, foreign law firms must have at least one local lawyer (i.e., a lawyer who is either a UAE national or holds a DIFC Lawyer License) on their team. This local lawyer must be a member of the firm’s management and have ultimate responsibility for the firm’s legal practice in the DIFC.
- Comply with DIFC regulations: As with any business operating in the DIFC, a foreign law firm must comply with all relevant regulations, including those related to professional conduct, financial reporting, and business operations.
It is worth noting that the process for setting up a law firm in the DIFC can be complex and may involve obtaining additional licenses or approvals from other authorities, such as the Dubai Legal Affairs Department. It is recommended that foreign lawyers seeking to set up a law firm in the DIFC seek legal advice from a qualified lawyer who is familiar with the relevant regulations and requirements.