DIFC Intermediate SPV Regime: a Welcome Business-Friendly Evolution

October 13, 2016

The introduction of a new regime for the establishment of so called ‘intermediate special purpose vehicles’ (“Intermediate SPVs”) in the DIFC was approved by the Dubai International Financial Centre (“DIFC”) Authority on 19 September 2016, with immediate effect. This new regime – which relaxes some of the requirements normally applicable to the establishment and maintenance of DIFC limited companies and limited liability companies – is only available to entities that already have a substantive presence in the DIFC (i.e., entities that are incorporated or licensed in the DIFC and already have a physical office presence in the DIFC free zone).

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