A Special Purpose Company (SPC) can be established in the Dubai International Financial Centre (DIFC) and is incorporated under the laws of the DIFC, a free zone located in Dubai that has its own law, English Common Law court system and its own financial regulator.

An SPC can be established for many reasons, including:

  • for acquisition, holding or disposal of any asset
  • as a holding vehicle for a specific merger or acquisition transaction
  • for obtaining financing, granting of security, providing indemnities to shareholders or subsidiaries
  • to act as trustee
  • for financing of another SPC
  • for any other activities approved by the DIFC.

 

When establishing an SPC the shareholders must also appoint a Corporate Service Provider (CSP). ISPR is both registered and licenced to act as a CSP, providing the following services on an annual basis:

  • a majority of Board Directors – you will need to appoint one Director and we will appoint two Directors
  • act as Company Secretary
  • provide a registered office address
  • liaise with DIFC’s  Registrar of Companies on your behalf
  • maintain annual compliance regulations & any associated license fees.