The Dubai International Finance Centre (DIFC) recently launched a portal through the DIFC Wills Service Centre, called the Business Owners Will, where business owners may register their Wills for various shareholdings they hold in companies formed in the Emirate of Dubai or the Emirate of Ras Al Khaimah.
A business owner can now submit the registration of his Will covering up to five (5) separate shareholdings that is owned in any free zone and onshore companies. This also include shareholding in the companies registered with Ras Al Khaimah International Corporate Centre (RAK ICC).
Business owners must meet the following requirements:
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