Authorisation in the Dubai International Financial Centre (DIFC)
We specialise in providing outsourced Compliance Officers and MLROs to the DFSA and FSRA-regulated firms in the UAE.
Navigating the DIFC authorisation process can be challenging. Below is an overview of the DIFC regulatory environment, DFSA authorisation, and how we can assist you with the licensing process, as well as provide ongoing guidance and support.
The Dubai International Financial Centre (DIFC) is a Financial Free Zone within the UAE, equipped with its own civil and commercial laws, and regulated by the Dubai Financial Services Authority (DFSA). Businesses established in the DIFC can enjoy 100% foreign ownership and operate under a legal and regulatory environment.
Does your business need to be regulated by the DFSA?
Any business providing financial services from a permanent location within the DIFC must be regulated by the DFSA. This includes, but is not limited to:
- Funds & fund managers
- Insurers and insurance intermediaries
- Brokers and dealers
- Asset managers
- Wealth managers
The type of business you conduct and the activities you undertake will determine the category of DFSA licence you require.
While the DIFC predominantly serves the professional market, firms wishing to conduct retail business can obtain a retail endorsement.