Regulatory changes to the fund regime in the UAE could drive asset managers to seek more cost effective financial hubs in the region.
Dubai is due to bring in regulations that could make it more difficult for Dubai International Finance Centre (DIFC) registered funds to market their products outside the financial free zone to investors in other parts of the UAE. Commenting on the changes, David Russell, chief executive officer of Guardian Wealth Management (GWM) Qatar LLC, said: “Upcoming regulatory changes to the investment fund sector in the UAE have understandably made businesses nervous. Those seeking to make the most of more tax-efficient financial hubs expect to benefit from a lucid and uncomplicated system, whic...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
