Broader access to PC regime

Jacques Visser, Chief Legal Officer at the DIFC Authority, said the proposed amendments will open the PC regime to all applicants by removing existing eligibility requirements related to purpose, applicant type and nexus.

Strengthening role of service providers

Under the proposed framework, Prescribed Companies will be required to appoint a Corporate Service Provider licensed by the Dubai Financial Services Authority to handle administrative and compliance interactions with the Registrar of Companies.

Exempt PCs may voluntarily appoint a CSP.

Enhanced regulatory framework

The amendments introduce clear statutory duties and obligations for CSPs, alongside enforcement measures to ensure accountability and strengthen their role within the DIFC ecosystem.

Alignment with global standards

The proposed changes reflect the maturity of DIFC’s regulatory environment, align with international tax transparency and reporting standards, and support the recently introduced Variable Capital Company Regulations.

Additional regulatory updates

The consultation also includes amendments to the DIFC Operating Regulations, clarifying the Registrar’s authority to obtain financial and other information from registered entities and enabling controlled disclosure for statistical purposes.