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ARTICLE · 13 MAY 2016

The Rise Of DIFC SPCs

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A Special Purpose Company is one type of legal entity that may be incorporated under DIFC law and is similar in some respects to the ordinary DIFC company limited by shares.

United Arab EmiratesWealth Management
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A Special Purpose Company (the SPC) is one type of legal entity that may be incorporated under DIFC law and is similar in some respects to the ordinary DIFC company limited by shares (an "Ltd."). However, SPCs enjoy a number of features which differentiate them from Ltd. companies. The SPC is designed for structured finance transactions.

Establishing in the DIFC

The DIFC is a federal financial free zone with its own legal system, courts and financial services regulatory architecture distinct from that of the wider UAE.

An SPC offers a number of advantages shared by a DIFC Ltd. company. Including:

  • No foreign ownership restrictions. Companies incorporated in the DIFC are not subject to foreign ownership restrictions imposed by UAE Commercial Companies Law.

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