Subsidiary21 Aug 2026, 07:10 pm
IRIS RegTech Incorporates Wholly Owned Subsidiary in Dubai
AI Summary
IRIS RegTech Solutions Ltd has announced the incorporation of its wholly-owned subsidiary, IRIS Gulf Regulatory Technology L.L.C, in Dubai, United Arab Emirates. This move, approved by the Department of Economic Development, Government of Dubai on August 20, 2026, follows the company's earlier board approval on May 15, 2026. The subsidiary aims to establish a business presence in the UAE and Middle East, focusing on SupTech and RegTech opportunities, building regional client relationships, and creating a platform for future expansion in GCC markets. The initial paid-up share capital is AED 2,00,000, with IRIS RegTech acquiring 100% shareholding through cash consideration at face value.
Key Highlights
- IRIS RegTech establishes a wholly-owned subsidiary in Dubai, UAE.
- The subsidiary, IRIS Gulf Regulatory Technology L.L.C, aims to expand into Middle East markets.
- Focus will be on SupTech and RegTech opportunities in the region.
- Initial paid-up capital is AED 2,00,000 for 100% shareholding.
- This strategic move supports future expansion in GCC markets.
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