Regulated by the Securities and Commodities Authority (SCA) and governed by federal laws.
Overseen by the Dubai Financial Services Authority (DFSA) under specialized free-zone regulations.
Governed by the Financial Services Regulatory Authority (FSRA) under its own regulatory framework.
01
Exempt Funds
Managed by professionals who have full authority to make investment decisions in line with agreed objectives and risk tolerances.
02
Public Funds
Open-ended funds aimed at consolidating capital from retail, institutional, and professional investors by public offer.
03
Qualified Investor Funds - QIFs
Tailored for high-net-worth individuals (HNWIs), institutional investors, and sophisticated clients capable of handling higher risks.
Should be appropriately licensed to manage a fund.
Manages the Fund and its property to reach investment objectives.
Appointed by the Fund Manager, could be the Fund Manager itself or a registered service provider.
Responsible for the day-to-day operational and administrative management of investment funds, including maintaining the funds’ records.
Appointed by the Fund Manager, should be separate legal entity from the Fund Manager.
Takes legal title of a fund’s property & safeguards fund assets.
01
Determine Fund Type & Jurisdiction
02
Appoint Fund Manager
03
Prepare Fund Documentation
04
Obtain Regulatory Approval
05
Set Up Operational Accounts
To read more about opening of a corporate bank account in the UAE,
press here.