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The Dubai International Financial Centre (DIFC) introduced changes to its Prescribed Company (PC) framework through the revised Prescribed Companies Regulations 2024. These updates simplify and broaden the eligibility for establishing a PC, making it easier for businesses and individuals to hold or manage real estate and other GCC-registered assets.

The updated regulations allow any entity seeking to hold or control assets that require registration with a GCC authority—such as property or property interests—to form a PC. This ensures legal ownership, protection of rights, and public notice of the asset.

To support this transition, the DIFC has provided a six-month grace period for setting up a PC before acquiring real estate. This period begins at the PC's formation and ends once the shareholders submit proof of asset acquisition to the DIFC. The process is designed for simplicity, allowing PCs to be established quickly with a DIFC-registered address provided by a licensed Corporate Service Provider (CSP).

While foundations and trusts have traditionally been used to hold real estate in the UAE, the new PC regime offers a more flexible and efficient option for managing property assets across the GCC. PCs benefit from DIFC’s common law structure, low fees, streamlined registration, and the ability to use a licensed CSP as their registered office within the DIFC.

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