This episode is also available as a blog post: https://10leaves.ae/publications/difc/guide-to-the-difc-external-asset-manager-license

DIFC External Asset Manager License:

Individuals who wish to set up as an External Asset Manager, can choose one of two models:

Case 1 is usually a Category 3C Asset Management License. In this case, the EAM has complete control on the relationship with his client, under a discretionary mandate. However, the DFSA requirements are steeper in this case, with a base capital of US$ 500,000 required, among other things. You can read more here:

Requirements for a DIFC Category 3C Asset Manager License:

Alternatively, you can start with an entry-level Category 4 Investment Advisory License, that allows you to set up in an easier manner, get a track record, and then apply for an upgrade. You can read more here:

In both cases, firms will have to apply to the DFSA for a Regulated License.