DIFC Corporate Service Providers for Special Purpose Companies in Dubai
Special Purpose Companies (SPCs) are increasingly popular for use in structured finance transactions in the Middle East.
Incorporated under DIFC law, they offer a range of benefits including no foreign ownership restriction and no requirement to lease a physical office in DIFC, all within a zero tax environment and with limited liability.
However, creating an SPC isn’t straightforward. Incorporation requires the involvement of a specially authorized DIFC Corporate Service Provider, which is where we can help.
An authorized Corporate Service Provider in Dubai
BSA is an authorized DIFC Corporate Service Provider (CSP). This enables us to create SPCs in DIFC and provide a range of services including:
- acting as a company secretary
- providing the majority of the board of directors
- administrative services (including registered office services)
- acting as a nominee shareholder
- maintaining shareholders, directors and company secretary registers
- attending board/shareholders meetings and take minutes
- issuing/canceling share certificates
How do Special Purpose Companies work in DIFC?
DIFC SPCs are governed by DIFC Special Purpose Company Regulations (2008). The vehicle is typically used for either structured Islamic or conventional finance transactions (such as securitization, structured debt or sukuk issuance); obtaining any type of financing, acquisition, holding and disposal of any asset; as a loan facility or finance transaction as part of a corporate acquisition.
We can help you with every aspect of creating and running an SPC, allowing you to benefit from a world-class regulated framework that will guarantee security and stability of your business transactions and operations.
