Dubai International Financial Centre Authority Issues Consultation Paper On DIFC Laws Amendment Law

Dubai International Financial Centre Authority has announced for public consultation a proposed DIFC Laws Amendment Law, DIFC Law No. 1 of 2016.

The proposed amendments apply to the following laws:

- COMPANIES LAW 2009
- GENERAL PARTNERSHP LAW 2004
- LIMITED PARTNERSHP LAW 2006
- LIMITED LIABILITY PARTNERSHIP LAW 2004

These proposed changes are in line with the requirements set out by the Organisation for Economic Cooperation Development (OECD) Global Forum on Transparency and the Exchange of Information for Tax Purposes.

The proposed DIFC Laws Amendment Law has been posted for a 30 day public consultation period with the deadline for providing comments ending on 29 July 2016.

Download a copy of the consultation paper and legislative proposal.