In the Dubai International Financial Centre, a Special Purpose Vehicle is called a Prescribed Company. It is a non-operating entity established under DIFC Companies Law, built to hold assets and ownership interests rather than to trade. It cannot carry on business in or from the DIFC, and it cannot employ staff — that passive character is what keeps it cheap.
The regime changed materially on 24 July 2026. The previous eligibility gate — which required a qualifying applicant such as a GCC national or DIFC registered person, a qualifying purpose, or a GCC-registrable asset — has been removed. A Prescribed Company is now open to any applicant, regardless of nationality, asset location or purpose, provided the use is a legitimate holding or structuring one.
In exchange for that wider access, most Prescribed Companies must appoint a DIFC-licensed Corporate Services Provider as their administrative and compliance link with the Registrar of Companies. An Exempt Prescribed Company — one controlled by a DIFC registered person, a DFSA authorised firm, a government entity or a listed company — is not required to, though many appoint one anyway. Existing non-exempt companies have six months from 24 July 2026 to appoint one.