Dubai boosts SPAC benefits with new rules
Dubai Financial Centre has focused on updating the regulations for special purpose companies by removing eligibility criteria and implementing significant changes to expand access to its legal system. The amendments now allow anyone not exempted to establish a specific company, provided they use a licensed service provider, while maintaining its non-operational nature and ensuring it remains a holding company for ownership or structural purposes, especially within the financial sector. These updates aim to facilitate company formation and enhance transparency, with appropriate regulatory safeguards, to support family conglomerates, investment structures, and financing transactions—while improving the system's flexibility and efficiency in line with the Centre’s standards.
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