Established by the DIFC Prescribed Company Regulations that came into force on 31 October 2019, amended on 10 August 2022 and 15 July 2024, a Prescribed Company (PC) is a type of corporate vehicle available in the Dubai International Financial Centre (DIFC) categorised as a Private Company (limited by shares), with reduced fees, maintenance requirements, and the flexibility to accommodate the needs of a broad range of investors.
The DIFC Prescribed Company, equivalent to Special Purpose Vehicles (SPV), was designed for the conduct of passive investment holding activities by family businesses, family offices and private wealth structures, funds, private equity firms and the like. It can also act as a holding company or financial vehicle, for domestic, regional or international assets.
With our team's extensive experience and expertise, we have honed our ability to craft top-notch strategies that are designed to meet your specific needs and long-term objectives. Our commitment to excellence ensures to provide tailored and efficient solutions.
The PC regime is primarily available to global investors or entities, as well as for family businesses that wish to structure their holdings in the DIFC. The Prescribed Company can be established if one or more of the following conditions is met:
As a leading financial centre with a strong regulatory regime, international recognition thanks to the UAE’s participation in FATCA/CRS, with its own robust common law framework and courts; the DIFC provides an excellent environment for governance, asset structuring, and succession planning of private assets located in the region. The DIFC is also a jurisdiction where 100% foreign ownership is allowed.
Benefit from an exceptional environment and with the DIFC Prescribed Company as a reliable vehicle offering distinct advantages such as cost-effectiveness, lean operations, and high flexibility of use and purpose. Our team of experts adopts an interdisciplinary approach to offer tailored solutions and provides comprehensive assistance at every step of the process, including but not limited to:
The United Arab Emirates (UAE) has introduced Corporate Income Tax (UAE CT) for entities with financial years starting on or after 1 June 2023. The UAE CT regime offer several features to enable an effective reduction/mitigation of tax costs, including:
Details in our factsheet / notes here:
Download
We are committed to an integrated approach that avoids an isolated perspective. Thus, tax and regulatory considerations come into every step of the process to ensure compliance while keeping your requirements at the forefront.
Our team of renowned, experienced, and committed professionals is dedicated to solving any challenge. Leveraging our cross-border expertise, we offer solid and efficient solutions, anticipate changes, and act proactively.
With a diverse as well as digitally savvy team of experts, we enhance and empower the highly personal advisory experience through convenience and a seamless digital utilities ecosystem. Thus, services like Digital Family Office, Investment Reporting, ESG Reporting, Securities Accounting, and much more are accessible through one holistic platform.
