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 Prescribed Company Regime Enacted Today
Dubai International Financial Centre (DIFC) has announced the enactment of the Prescribed Company Regulations that we first mentioned back in July of this year. The Prescribed Company Regulations are issued under the Companies Law, DIFC Law No. 5 of 2019 and replaces the former Special Purpose Company Regulations. Under the new regime, existing DIFC structures such as Intermediate Special Purpose … Read More
DIFC Announces Prescribed Company Regulations
Dubai International Financial Centre (DIFC) has detailed it’s plans to combine the existing regulations for Special Purpose Companies (SPC’s) and Intermediate Special Purpose Vehicles (iSPV’s) under one new initiative. These types of entities will now be know as Prescribed Companies. “The new Prescribed Companies regime is a very positive regulatory development that is going to make the DIFC an even … Read More