DIFC Prescribed Companies

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What is a DIFC Prescribed Company?

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.

Eligibility Criteria for DIFC Prescribed Companies

To establish a Prescribed Company, the applicant must meet specific eligibility requirements. These include:

Qualifying Applicants

DIFC-registered entities
Entities controlled by GCC nationals
Family offices
Startups approved by the DIFC Authority

Qualifying Purposes

Holding legal titles to GCC-registered assets
Structured finance and securitization
Family wealth management
Supporting intra-group operations

Restricted Activities

Prescribed Companies cannot engage in regulated or retail activities.

How to Set Up a DIFC Prescribed Company

Setting up a DIFC Prescribed Company involves several steps to ensure compliance and successful registration:

Initial Consultation

Determine eligibility and align the company’s objectives with DIFC regulations.

Document Preparation

Draft the necessary documents, including the Articles of Association, application forms, and supporting materials.

Application Submission

Submit the application to the DIFC Registrar of Companies for review and approval.

Approval Process

DIFC evaluates the application based on eligibility criteria and the proposed business activities.

Registration and Licensing

Upon approval, the entity is registered, and the license is issued.

Uses of DIFC Prescribed Companies

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.

Why Choose Flying Colour for DIFC Prescribed Company Formation?

At Flying Colour Business Setup Services, we specialize in setting up DIFC Prescribed Companies with efficiency and professionalism.
Here’s how we can assist:

Tailored Solutions

Our team provides tailored solutions based on your specific goals.

Tailored Solutions

We design solutions based on your specific needs, ensuring your objectives align with DIFC regulations.

Hassle-Free Process

We handle documentation, application submission, and communication with DIFC authorities on your behalf.

Transparent Pricing

Enjoy competitive and transparent pricing with no hidden charges.

Comprehensive Support

From registration to annual renewals, we provide ongoing support to ensure compliance.

What is a DIFC Prescribed Company?

Key Benefits of DIFC Prescribed Companies

Cost Efficiency

Tax Advantages

Asset Protection

Global Credibility

No Physical Office Requirement

Flexibility

Eligibility Criteria for DIFC Prescribed Companies

Qualifying Applicants

Qualifying Purposes

Restricted Activities

How to Set Up a DIFC Prescribed Company

Initial Consultation

Document Preparation

Application Submission

Approval Process

Registration and Licensing

Uses of DIFC Prescribed Companies

Cost of Setting Up a DIFC Prescribed Company

Application Fee

Annual Fees

Legal & Consultancy Fees

To get an accurate cost estimate

Why Choose Flying Colour for DIFC Prescribed Company Formation?

Tailored Solutions

Tailored Solutions

Hassle-Free Process

Transparent Pricing

Comprehensive Support

Frequently Asked Questions

Get Started with Flying Colour Today

DIFC Prescribed Companies

What is a DIFC Prescribed Company?

Key Benefits of DIFC Prescribed Companies

Cost Efficiency

Tax Advantages

Asset Protection

Global Credibility

No Physical Office Requirement

Flexibility

Eligibility Criteria for DIFC Prescribed Companies

Qualifying Applicants

Qualifying Purposes

Restricted Activities

How to Set Up a DIFC Prescribed Company

Initial Consultation

Document Preparation

Application Submission

Approval Process

Registration and Licensing

Uses of DIFC Prescribed Companies

Cost of Setting Up a DIFC Prescribed Company

Application Fee

Annual Fees

Legal & Consultancy Fees

To get an accurate cost estimate

Why Choose Flying Colour for DIFC Prescribed Company Formation?

Tailored Solutions

Tailored Solutions

Hassle-Free Process

Transparent Pricing

Comprehensive Support

Frequently Asked Questions

Can a DIFC Prescribed Company engage in operational activities?

Are there any tax obligations for DIFC Prescribed Companies?

Is it mandatory to have a physical office for a Prescribed Company?

How long does it take to register a DIFC Prescribed Company?

Get Started with Flying Colour Today