At a glance guide to fund establishment services in the UAE

The UAE’s two financial free zones, the Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM), both offer robust frameworks for establishing fund managers and funds, with a variety of fund vehicles and regulatory options.

Ogier Global's corporate service provision in the area offers expertise and can streamline the process for our clients.

5 things to know about fund establishment in the UAE

Authorisation of fund manager

Fund managers wishing to establish a fund in the DIFC or ADGM must be licensed by the Dubai Financial Services Authority (DFSA) or the Financial Services Regulatory Authority (FSRA) respectively, or alternatively an equivalent external regulator, adhering to strict regulation criteria.

Provision of COMLRO

A Compliance Officer and Money Laundering Reporting Officer (COMLRO) is essential for overseeing anti-money laundering efforts and ensuring regulatory compliance adherence.

Fund establishment

Establish a DIFC / ADGM Fund using Investment Companies, Trusts or Partnerships; engage DIFC or ADGM Registration Authorities and Registrars early.

Fund notification

Notify the DFSA / FSRA promptly when establishing a Fund in either jurisdiction to ensure compliance with regulations.

Adhere to reporting standards

Funds are required to report Automatic Exchange of Information (AEOI) and other relevant reports - requiring financial institutions to report on the financial accounts held by foreign tax residents.

5 things to know about doing business in the United Arab Emirates (UAE)

Strategic location

The UAE's geographical positioning bridges the East and the West, making it a strategic hub for international trade and an attractive location for regional headquarters of multinational companies. Ogier are also well positioned in Dubai to work alongside our other offshore locations including establishment and administration of Cayman and BVI entities.

Business-friendly environment

The UAE offers a business-friendly environment with incentives such as no personal income tax and corporate tax exemptions, particularly in free zones designed for foreign businesses.

Operational administration for UAE clients

We provide experienced governance support, including board facilitation, minute preparation, meeting coordination and assistance with maintaining high operational standards across your UAE entities

Innovation and digital transformation

The UAE is committed to becoming a leading global hub for technology and innovation, evident in its initiatives and the embrace of blockchain, Artificial Intelligence (AI) and FinTech solutions.

The advantage of local expertise

The unique mix of global and local influences in the UAE demands service providers with deep regional knowledge. Understanding both local industry specifics and cultural nuances is crucial for those entering the market, ensuring successful navigation and partnership building.