DIFC Crowdfunding License:

Firms interested in carrying out crowdfunding activities from the DIFC are required to submit applications to the Dubai Financial Services Authority, or DFSA.

The DFSA, for the purposes of authorisation and supervision, categorises the crowdfunding business as a Category 4 entity, with the primary activity of “Operating a Crowdfunding Platform”. The base capital required for a DIFC Crowdfunding license is US$ 140,000.

This episode is also available as a blog post: https://10leaves.wordpress.com/2021/02/24/guide-to-the-difc-crowdfunding-business-license/

This episode is also available as a blog post: https://10leaves.ae/publications/difc/new-difc-venture-capital-funds-regime

With DIFC Funds, Fund Managers can target the GCC market, and the wider MENASA region, taking advantage of the numerous Double Taxation Avoidance Treaties that the UAE has in place. Zero-rate personal and corporate tax also make the DIFC an attractive destination to setup and manage investment funds.

The DIFC has also now proposed a Venture Capital Fund regime, that aims to attract VC firms from all over the world, into the centre.