B. Exemptions under the Foundations Regulations 2017

2.4 In accordance with section 18(2) of the Foundations Regulations, a Foundation that has demonstrated to the satisfaction of the Registrar to have–
(a) substantial resources, experience and personnel in the United Arab Emirates, and
(b) adequate governance policies and procedures, in each case as may be specified by rules made by the Board or guidance issued by the Registrar,
need not have a Company Service Provider.