Creative Zone by Encor Becomes Registered CSP in DIFC
Creative Zone by Encor, a prominent business setup and corporate services firm in the UAE, has recently achieved the status of a Registered Corporate Service Provider (CSP) in the Dubai International Financial Centre (DIFC). This appointment comes at a time when DIFC is experiencing significant growth, solidifying its reputation as a leading financial hub in the Middle East, Africa, and South Asia.
DIFC’s Remarkable Growth
In 2024, DIFC reported impressive financial results, with revenues reaching Dh1.78 billion (approximately $484 million), marking a 37% increase compared to the previous year. Operating profits soared by 55%, reflecting the Centre’s robust economic environment. The number of registered companies in DIFC surpassed 6,900, a 25% rise from 2023, and by mid-2025, this figure is expected to grow further, with around 7,700 active companies operating within its jurisdiction.
This growth is not just in numbers; it also highlights the quality of institutions choosing to establish themselves in DIFC. For instance, the number of hedge funds operating in the Centre increased from about 50 to 85 in just one year, representing a remarkable 72% growth. Additionally, wealth and asset management firms saw nearly 20% growth during the same period.
The Appeal of DIFC
DIFC’s success can be attributed to its strong common-law framework, regulatory certainty, and its reputation as a trusted global hub for capital flows and institutional investors. These factors make it an attractive destination for high-net-worth individuals and businesses looking to structure and preserve their assets effectively.
As a newly appointed CSP, Creative Zone by Encor is well-positioned to assist clients—including family offices, wealth managers, entrepreneurs, and international firms—in navigating the complexities of asset structuring within this esteemed jurisdiction. The firm can now facilitate the establishment of Foundations, Special Purpose Vehicles (SPVs), holding companies, and operational entities, providing clients with regulatory clarity and legal protections.
Strategic Advantages for Clients
Lorenzo Jooris, CEO of Creative Zone by Encor, emphasized the significance of this achievement, stating, “Achieving Registered CSP status in DIFC marks a significant leap forward for Creative Zone by Encor. We can now fully guide our clients in harnessing the DIFC’s strengths—legal certainty, global trust, and a clean common-law framework.” This capability allows clients to structure their foundations, SPVs, and family offices in ways that ensure both protection and growth.
Pratik Rawal, Group Head of Strategy and Global Expansion at Creative Zone by Encor, added, “DIFC has set a remarkable trajectory: bringing in top asset managers, hedge funds, and family businesses while boosting revenue, company registrations, and investor confidence.” With the CSP license, Creative Zone by Encor is strategically positioned to help clients capitalize on this momentum, transforming international ambitions into solid, regulated structures within one of the Middle East’s strongest financial hubs.
Clients will benefit from comprehensive incorporation and regulatory support for SPVs, Foundations, and Family Offices under DIFC regulations. Additionally, Creative Zone by Encor offers expert advice on compliance, licensing, and governance, enabling businesses and families to leverage DIFC’s growing credibility, particularly in wealth management, alternative investments, and technology.
FAQs
What is a Registered Corporate Service Provider (CSP)?
A Registered Corporate Service Provider (CSP) is a firm authorized to offer corporate services, including company formation and compliance support, within a specific jurisdiction, such as the DIFC.
How does Creative Zone by Encor support clients in DIFC?
Creative Zone by Encor assists clients by providing end-to-end services for establishing Foundations, SPVs, and Family Offices, along with regulatory guidance and compliance support.
Why is DIFC considered a leading financial hub?
DIFC is recognized for its strong common-law framework, regulatory certainty, and its reputation as a trusted center for capital flows, making it attractive for businesses and high-net-worth individuals.
Conclusion
Creative Zone by Encor’s appointment as a Registered Corporate Service Provider in DIFC represents a significant advancement for the firm and its clients. With DIFC’s ongoing growth and appeal, Creative Zone by Encor is well-equipped to help clients navigate the complexities of asset structuring and regulatory compliance in one of the world’s most dynamic financial environments.
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