Dubai International Financial Centre (DIFC) have just confirmed the expansion of the criteria for those who want to set-up a Prescribed Company, making it more accessible than ever. Before we look at the new regulations, let’s recap on why these structures are so useful. Prescribed Companies (PC’s) have been designed to allow applicants to conduct a wide variety of passive … Read More
DIFC has enacted a new data protection law
The Dubai International Financial Centre (DIFC) has introduced a new data protection law, which came into effect from 1st July 2020. The ‘Data Protection Law 2020’ aims to enhance DIFC’s current regime around data, security and privacy best practices. Businesses to which the law applies will have a three-month grace period (until October 1st 2020) to adhere to the new … Read More
A guide to remote company set up in UAE
The current pandemic is changing the way the world does business but that is no reason to stop all together. Alpha Management is helping their clients to open and administrate companies in all jurisdictions, despite the current situation. We continue to work to meet the goals and objectives of our clients. Whether this is obtaining UAE residency through a Free-Zone … Read More
UAE Economic Substance: MoF issues Covid-19 Industry Advisory Notification
On 28th May, the UAE Ministry of Finance (MoF) issued a Covid-19 Industry Advisory Notification (IAN). The IAN relaxes certain requirements prescribed under the UAE Economic Substance Regulations (ESR) for the period affected by Covid-19. The measures are in line with those implemented recently by offshore jurisdictions such as Jersey, BVI, Guernsey, and Bermuda. ESR applies to every company licensed … Read More