DIFC has proposed venture building regulations that aim to establish the first legal framework for the regulation of this sector globally. The regulations aim to promote and enhance venture building within The Dubai International Financial Centre (DIFC), supporting entrepreneurs and the growth of start-up businesses within and from the Centre.
The proposed regulations will provide a legal framework for scaling businesses, testing and launching new start-ups, and supporting venture builders, entrepreneurs and investors.
The new regulations will also facilitate ease of doing business within the venture studio model and reduce costs for the scaling of new businesses. In addition, the regulations will establish a tailored ecosystem for venture building, entrepreneurs, start-ups, and investors, according to WAM.
Jacques Visser, Chief Legal Officer at DIFC, said, “The introduction of global first-of-its-kind DIFC Venture Studio Regulations will add further depth to the DIFC’s thriving innovation ecosystem. The proposed regulations provide a legal framework that enables the scaling of businesses; the ability to develop, test and launch new start-ups; and which supports venture builders, entrepreneurs and investors. DIFC is committed to providing a robust regulatory environment for businesses to operate with confidence and certainty, including in new and developing sectors.”
