By Christopher Lester and Connie Leung The Prescribed Company Regulations offer a more flexible incorporation and permitted purposes regime than its predecessor, the Special Purpose Company Regulations. Prescribed Companies are a type of corporate vehicle available in the Dubai International Financial Centre (DIFC), the financial free zone of the Emirate of Dubai, United Arab Emirates … Continue Reading
United Arab Emirates (UAE) free zones are attractive jurisdictions for early and growth-stage companies. Free zones are designed to encourage startups and foreign investors through simpler processes and procedures, permiting 100% foreign ownership. However, the more than 45 free zones in the UAE each have their own rules and regulations, so choosing the right free … Continue Reading
A number of significant changes to the securities and capital markets regime in the Dubai International Financial Centre (DIFC) came into force on 5 July 2012. The changes represent the policy of the DIFC’s regulator, the Dubai Financial Services Authority (DFSA) to more closely align the DIFC with leading benchmark jurisdictions and the requirements of … Continue Reading
