Dubai Public Fund
Key Features
The DFSA’s Funds regime incorporates a Public Funds regime that establishes Public Funds in the DIFC, to be managed by either a DFSA licensed Fund Manager or an External Fund Manager. Public Funds are open to retail investors and can be marketed by way of a public offer. Because Public Funds are open to retail investors, more extensive regulatory requirements apply to such Funds to protect retail investors. These requirements meet international standards for retail protection, in particular, IOSCO principles for regulating collective investment schemes. These include detailed disclosure in the Fund’s Prospectus to enable retail investors to make an informed investment decision relating to the Fund and independent oversight of the Fund management either by a three-member oversight committee or by the Trustee or Eligible Custodian of the Fund.
Legal Requirements
Requirements |
Description |
General |
|
|
Investment Companies, PCC, Investment Trusts and Limited Partnerships |
|
No |
Share capital or equivalent |
|
· Minimum subscription |
None |
· Minimum investors |
None |
Directors |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes |
|
Yes (must be a director of the investment company) |
|
No |
|
Yes |
- Flexibility in vehicle structuring
- Ease and speed of establishment
- Favourable tax regime
- Conducive regulatory environment
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers