This marks a notable shift from the current framework, which requires firms to meet specific eligibility, purpose and conditions linked to DIFC. “DIFC Authority is pleased to announce for public consultation amended Prescribed Company Regulations,” said Jacques Visser, Chief Legal Officer at DIFC Authority. “The proposed amendments open the regime to any applicant, significantly enhancing the scope of the regime, as well as expanding the role of corporate service providers in the Centre.” What are Prescribed Companies? Prescribed Companies are widely used as cost-efficient vehicles for holding assets such as shares, real estate and intellectual property, and are popular among high-net-worth individuals and family offices seeking structured ownership frameworks within a regulated environment. By removing the remaining qualifying requirements, DIFC is signalling confidence in the maturity of its regulatory ecosystem, while aligning with international tax transparency and reporting standards.…