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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## DIFC's Proposed Changes
The Dubai International Financial Centre (DIFC) is considering significant changes to its Prescribed Company regulations. These changes aim to simplify the process for UAE residents, investors, and family offices to establish low-cost holding structures within the financial free zone.
## Removal of Eligibility Restrictions
The proposed amendments, currently open for public consultation, would eliminate existing eligibility criteria, allowing any applicant to set up a Prescribed Company. This marks a departure from the current system, which imposes specific conditions related to DIFC.
## Role of Corporate Service Providers
Under the new rules, most Prescribed Companies will need to appoint a Corporate Service Provider (CSP), licensed by the Dubai Financial Services Authority. CSPs will serve as the primary administrative and compliance link with the Registrar of Companies, ensuring that regulatory standards are upheld despite the broadened access.
## Enhancing Transparency and Compliance
The proposed changes also include updates to DIFC’s Operating Regulations, enhancing the Registrar's authority to request information from registered entities. This aims to improve transparency while maintaining confidentiality, aligning with global financial standards.
## Consultation Period
Stakeholders have 30 days to provide feedback on the proposed rules before they are finalized. These reforms are part of a broader effort to modernize DIFC’s legal framework and align it with international best practices.
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