The Dubai International Financial Centre has launched a public consultation on amendments to its Prescribed Company Regulations that would remove the remaining eligibility restrictions and open the regime to any applicant. The proposals also expand the role of corporate service providers in the Centre and include related changes to the Operating Regulations. Under the proposed framework, the existing qualifying purpose, applicant and nexus-based requirements would be removed, broadening access to Prescribed Companies. Prescribed Companies would be required to appoint a DFSA-licensed corporate service provider as their primary administrative and compliance interface with the DIFC Registrar of Companies, while exempt Prescribed Companies could appoint one voluntarily. The consultation also proposes statutory duties and obligations for corporate service providers, backed by enforcement measures. In parallel, amendments to the Operating Regulations would clarify the Registrar's existing powers to obtain information from Registered Persons, including financial information, and allow controlled disclosure of that information for statistical purposes. The consultation is set out in Consultation Paper No. 1 of 2026 and runs for 30 days, with comments due by 2 June 2026.
Dubai International Financial Centre 2026-04-30
Dubai International Financial Centre consults on opening the Prescribed Company regime to all applicants and mandating CSPs
The Dubai International Financial Centre has launched a consultation on amendments to its Prescribed Company Regulations that would remove remaining eligibility restrictions and open the regime to any applicant, while expanding the role of corporate service providers. Prescribed Companies would be required to appoint a Dubai Financial Services Authority-licensed corporate service provider as their primary administrative and compliance interface. Related amendments to the Operating Regulations would clarify the Registrar of Companies’ powers to obtain information, including financial data, from Registered Persons and permit controlled disclosure for statistical purposes.