Licenses are granted by the Dubai Financial Services Authority (“DFSA”) to carry out the Investment Fund Services.
CAT 4 Investment Advisor License, including categories:
– Advising on Financial Products
– Arranging Deals in Investments
– Arranging Credit and Advising on Credit
Below please find features of the particular license category in more details:
Feature/Category | DIFC INVESTMENT ADVISOR LICENSE (Category 4) | ||||||
Type of company required to be eligible | DIFC company | ||||||
Minimum paid-up statutory capital | USD 10,000 | ||||||
Main requirements | • Physical office • Board of Directors • 1 Senior Executive Officer (SEO) – local • Compliance Officer (CO) and MLRO Officer – local • Finance Officer (FO) – local • Internal and External Audit, Accounting – local • Risk Officer | ||||||
Government Fees |
|
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
1) Opening of operational and clients bank accounts (worldwide).
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
"*" indicates required fields