Proposed Amendments to the Prescribed Company Regulations

DIFC proposed removing qualifying-purpose restrictions on Prescribed Companies (broadening eligibility beyond aviation, maritime and IP-holding structures), mandating appointment of a Corporate Service Provider for most Prescribed Companies (with limited 'Exempt PC' carve-outs for government-, listed- or regulated-entity-controlled companies) with a 6-month compliance window and fines up to USD 100,000 for failing to provide CSPs required documents, expanding permitted asset-holding for funds/family offices, and tightening the prohibition on Prescribed Companies directly employing staff.

What firms should do

Yes — existing Prescribed Companies should prepare to appoint/confirm a Corporate Service Provider or Exempt PC status

Regulator: DIFC Registrar of Companies
Type: Consultation Paper
Status: Consultation Closed
Published: 30 Apr 2026
Consultation closes: 2 Jun 2026
Reference: Consultation Paper No. 1 of 2026
Topic: Companies/Corporate
Impact: High

Read it on the regulator's website

Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.

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