Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

New Simplified Wills for Business Owners in the UAE

16/9/2018

The Dubai International Finance Centre (DIFC) recently launched a portal through the DIFC Wills Service Centre

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:

  1. Must not be Muslim and never have been Muslim;
  2. Must be over 21 years of age;
  3. The shares are held in free zone, Dubai onshore or RAK ICC Companies, and
  4. The companies are situated in the emirate of Dubai or the Emirate of Ras Al Khaimah, and is formed in accordance with UAE laws.
You might also like...
UAE: MASK FREE Except for 3 Public Areas
Starting Wednesday, September 28, mask-wearing is optional for all "open and closed facilities and spaces", except for hospitals and medical facilities, mosques, and public transportation means like buses, Dubai Metro and Dubai Tram.
read More
Beware of Big Ticket Abu Dhabi’s Scammer Account
Organizers of the popular mega raffle draw Big Ticket Abu Dhabi have issued a fraud alert, warning the public of a fake social media account that claims to be its "second account" and bears the handle "@bigtiicketauh".
read More
Digitisation of RTA Licensing Services
'Click and Drive' will digitise the entire process of obtaining drivers' licenses, including a first-of-a-kind mobile eyesight testing service in the region that is currently run by Al Jaber Optical.
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.