Dubai's DIFC offers reduced fees, flexi offices for 'prescribed' firms | ZAWYA MENA Edition:
The Dubai International Financial Centre (DIFC) has introduced a new classification called Prescribed Companies, aimed at consolidation, expansion and fee reduction for intermediate special-purpose vehicles (ISPVs) and special purpose companies (SPCs).
The new business-friendly regulatory framework will replace ISPVs and SPCs with a unified, simplified and more expansive regime with a competitive cost-structure.
“The prescribed companies are essentially structured vehicles and not meant to be operational like a day-to-day trading vehicle,” Jacques Visser, Chief Legal Officer, DIFC Authority, told Zawya.
No comments:
Post a Comment