Foundations Law DIFC Law No. 3 of 201816-10-2018
PART 1: GENERAL
This Law may be cited as the “Foundations Law 2018” or “this Law”.
- Legislative authority
This Law is made by the Ruler.
- Application of the Law
This Law applies in the jurisdiction of the Dubai International Financial Centre.
- Scope of the Law
This Law applies to:
(a) any Foundation established in accordance with this Law;
(b) any Registered Foreign Foundation to the extent stated in Article 65; or
(c) any Foreign Foundation which is established in another jurisdiction which has transferred its registration to the DIFC in accordance with this Law.
- Date of enactment
This Law is enacted on the date specified in the enactment notice in respect of this Law.