The Dubai International Financial Centre (DIFC) has expanded the applicant criteria for its 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 options for firms seeking to use structures from the DIFC, backed by the region’s legal and regulatory frameworks.

They have been available to companies ranging from family offices, to FinTech entities to Government bodies as well as regulated financial firms. The Prescri...