DIFC announces new DIFC Venture Studio regulations for consultation

DIFC announces new DIFC Venture Studio regulations for consultation

Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, proposes to enact new Venture Studio Regulations to establish the first global legal framework for the regulation of venture building. The proposed regulations seek to enable, enhance and promote venture building from within DIFC.

In April 2022, DIFC announced the launch of the first global “Venture Studio Launchpad” to assist with the growth of DIFC’s financial ecosystem (see press release: link). In particular, DIFC aims to be a growth partner and business enabler to venture builder studios, allowing them to set up and scale from the Centre. In doing so, DIFC also further supports entrepreneurs and the growth of start-up businesses in and from the Centre.

Jacques Visser, Chief Legal Officer at DIFC, said: “The introduction of global first-of-its-kind DIFC Venture Studio Regulations will add further depth to the DIFC’s thriving innovation ecosystem. The proposed regulations provide a legal framework that enables the scaling of businesses; the ability to develop, test and launch new start-ups; and which supports venture builders, entrepreneurs and investors. DIFC is committed to providing a robust regulatory environment for businesses to operate with confidence and certainty,