DUBAI CREATIVE CLUSTERS AUTHORITY ISSUES NEW REGULATIONS FOR PRIVATE COMPANIES
The Dubai Creative Clusters Authority (DCCA) (previously known as TECOM) has issued the Dubai Creative Clusters Private Companies Regulations (“the DCC Regulations”) which came into force on 1st February 2017.
The DCC Regulations repeal and replace the Dubai Technology and Media Free Zone Private Companies regulations in its entirety, in addition to many Decisions as well.
The DCC Regulations specifically require all companies and branches incorporated in the DCCA to adjust their legal status and adopt the new documentation- primarily the Articles of Association, within the next 12 months.
Some of the key features of the DCC Regulations are:
Even as we wait for more details about the process for companies to modify their status, it is important to state that the DCCA Regulations are clearly based on international best practices and has been drafted to address markets needs and enable companies to operate smoothly
Being one of the top law firms in Dubai, James Berry & Associates have qualified and experienced lawyers in Dubai who can assist you with the interpretation of the Dubai Creative Clusters Private Companies Regulations
To know more contact Deepa (senior legal consultant) - firstname.lastname@example.org
This is a general guide on the subject matter and should not be construed as specific legal advice.
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