DIFC Wills Now Cover Worldwide Assets
Since the formation of Dubai International Financial Centre (DIFC) Wills Service Centre (DIFC Wills Centre) in 2014, the DIFC Courts have envisaged a platform that adequately safeguards the interests of non-Muslim testators and their assets in the Emirates of Dubai and Ras Al Khaimah, UAE.
As of 30th June, 2019, the DIFC Wills Centre has widened its horizons and reformed the manner in which it regulates the protection of assets, by the coming into force of the Dispute Resolution Authority Order No. 3 of 2019. We have outlined below, a compendium of the amendments documented in the improved DIFC Wills and Probate Registry Rules (New DIFC WPR Rules).
Removal of Geographic Limitations
Unlike the former position, DIFC Wills Centre now registers wills of non-Muslim which give or dispose assets of a testator located within the UAE, and anywhere in the world. The geographic barriers restricting the location of assets to the Emirates of Dubai and Ras Al Khaimah, UAE is no longer applicable under rule 11 of the New DIFC WRP Rules.
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