DIFC Non-Profit Incorporated Organisations (NPIO) Regulationschapter by chapter

Regulation 2.1.1-2.1.22.1 Application for certificate of incorporation

Three or more Founding Members applying to incorporate an Incorporated Organisation must use the Registrar's prescribed forms, including full name/address/date and place of birth/former names of proposed Founding Members and any other matter the Registrar requires; where an incorporator is a body corporate, the application must be accompanied by a certified copy of its current certificate of incorporation/registration (or equivalent) from its place of origin.

Regulation 2.1.32.1 Application for certificate of incorporation

Within 30 days of Registrar approval of the incorporation application, the Incorporated Organisation must take substantive steps to establish its operations in the DIFC (subject to applicable physical-presence exemptions); otherwise the application is inactive for a further 30 days, after which, if still no substantive steps have been taken, the application is considered cancelled.

Regulation 2.2.2-2.2.42.2 Charter of Organisation

An Incorporated Organisation must file a Charter of Organisation with its incorporation application -- either the Standard Charter (Appendix 2), or, if modified, an application specifying the modifications -- and the Charter must at minimum address the Authorised Purpose, requisition and proceedings of General Meetings, pre-meeting information to Founding Members, maximum number of Founding Managers, appointment/retirement/disqualification/removal of Founding Members, their powers, secretary app

Regulation 3.1.13.1 Register of Founding Members and Members

The Incorporated Organisation must maintain a register of Founding Members and Members recording, for each: full name, former names, capacity, date/place of birth or incorporation, address, former addresses within the last 5 years, date of admission, and date of cessation (if relevant).

Regulation 3.2.1-3.2.23.2 Change of Founding Members and Members

Whenever a Founding Member is appointed, retires or ceases to act, converts between Founding Member/Member status, or there is a change to other registered particulars of the Incorporated Organisation -- or whenever a Founding Member's or Member's name or address changes -- the Incorporated Organisation must file the applicable notice of change with the Registrar, using the prescribed form, within 30 days of the change.

Regulation 4.1.1-4.1.24.1 Accounting standards

Accounts and financial statements prepared by an Incorporated Organisation must be prepared in accordance with and comply with IFRS, unless the Registrar consents to a deviation (subject to any conditions imposed) on application by the Incorporated Organisation where necessary to present a true and fair view.

Regulation 4.2.1-4.2.34.2 Appointment of auditor

An Incorporated Organisation must file a notice of appointment of an auditor with the Registrar immediately upon appointment, and a notice of cessation of an auditor immediately upon that auditor's resignation or removal, both using the applicable Registrar-prescribed form.

Regulation 5.15.1 Fees

Fees in respect of the matters set out in Appendix 1 (e.g. USD 100 for an incorporation application) must be paid to the Registrar by the relevant person, for the purposes of Article 34 of the Law.