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FOUNDATIONS LAW DIFC LAW NO. 3 OF 2018

16-10-2018

PART 1: GENERAL

  1. Title
    This Law may be cited as the “Foundations Law 2018” or “this Law”.
     
  2. Legislative authority
    This Law is made by the Ruler.
     
  3.  Application of the Law
    This Law applies in the jurisdiction of the Dubai International Financial Centre.
     
  4. 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.
     
  5. Date of enactment
    This Law is enacted on the date specified in the enactment notice in respect of this Law.

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