New Opportunities at DIFC Through Expanded Prescribed Company Regime

  • Date: 09-Sep-2020
  • Source: Dubai Chronicle
  • Sector:Financial Services
  • Country:UAE
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New Opportunities at DIFC Through Expanded Prescribed Company Regime

· Expanded Prescribed Companies Regime available to wider range of applicants

· The expansion aligns with international best practices and local market requirements

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has expanded the applicant criteria for its successful Prescribed Companies regime.

The expanded Prescribed Company regime is expected to attract companies to establish structures at DIFC that align with international best practice.

DIFC initially introduced a Prescribed Company regime in 2019, providing cost effective options for firms seeking to use structures from the DIFC, backed by the region's leading legal and regulatory frameworks. They have been available