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The Dubai International Financial Centre (DIFC) offers businesses an opportunity to establish a presence in one of the world’s leading financial hubs. Among the various structures available, the DIFC Prescribed Company stands out as a cost-effective and flexible option. This guide provides detailed insights into DIFC Prescribed Companies, their benefits, eligibility criteria, and how Flying Colour Business Setup Services can assist you in establishing one seamlessly.
A DIFC Prescribed Company is a legal entity designed for specific purposes, offering reduced setup and operational costs compared to other DIFC company structures. It is ideal for holding assets, managing structured finance transactions, and supporting group operations without the requirement for extensive operational facilities. Prescribed Companies were introduced to cater to businesses seeking a streamlined and cost-effective solution within the DIFC’s robust legal framework. They are governed by the DIFC’s Prescribed Company Regulations, ensuring compliance and flexibility.
Lower registration and annual fees compared to standard DIFC entities.
Enjoy 0% corporate tax and no personal income tax on qualifying income.
Ideal for holding intellectual property, family wealth, or investments under a secure legal framework.
Operate from a globally recognized financial hub, enhancing your company’s reputation.
Prescribed Companies can operate without a physical office, reducing overhead costs.
Suitable for various purposes, including structured finance, intra-group operations, and asset management.
To establish a Prescribed Company, the applicant must meet specific eligibility requirements. These include:
Prescribed Companies cannot engage in regulated or retail activities.
Setting up a DIFC Prescribed Company involves several steps to ensure compliance and successful registration:
Determine eligibility and align the company’s objectives with DIFC regulations.
Draft the necessary documents, including the Articles of Association, application forms, and supporting materials.
Submit the application to the DIFC Registrar of Companies for review and approval.
DIFC evaluates the application based on eligibility criteria and the proposed business activities.
Upon approval, the entity is registered, and the license is issued.
Asset Holding Hold and manage intellectual property, real estate, and other assets securely.
Structured Finance Facilitate securitization and other financial transactions.
Family Wealth Management Manage family assets and ensure smooth succession planning.
Group Support Provide shared services and operational support to group entities.
Tech Startups Offer a cost-effective setup for innovative tech ventures.
The cost of establishing a DIFC Prescribed Company is significantly lower than standard DIFC entities. Key expenses include:
Paid to the DIFC Registrar of Companies
Cover ongoing compliance and renewals
For drafting and submitting required documents
Contact Flying Colour Business Setup Services for a tailored consultation
At Flying Colour Business Setup Services, we specialize in setting up DIFC Prescribed Companies with efficiency and professionalism. Here’s how we can assist:
Our team provides tailored solutions based on your specific goals.
We design solutions based on your specific needs, ensuring your objectives align with DIFC regulations.
We handle documentation, application submission, and communication with DIFC authorities on your behalf.
Enjoy competitive and transparent pricing with no hidden charges.
From registration to annual renewals, we provide ongoing support to ensure compliance.
No, Prescribed Companies are restricted to specific purposes such as asset holding and structured finance.
DIFC Prescribed Companies enjoy 0% corporate tax and no personal income tax.
No, a physical office is not required, reducing overhead costs significantly.
The process typically takes 2-4 weeks, depending on the complexity of the application.
Take advantage of the cost-effective and flexible structure of DIFC Prescribed Companies. Contact Flying Colour Business Setup Services to streamline the setup process and benefit from our expertise.