Key Issues When Establishing and Marketing Funds in Dubai and Abu Dhabi

The United Arab Emirates (UAE) is a high-quality financial center and tax-favorable jurisdiction with political stability and a good legal system that is based on the U.K. model. Several large fund managers have set up in the Middle East, which has strengthened the jurisdiction’s credibility and encouraged smaller managers to make the move. The UAE’s positive attributes are even more attractive as other jurisdictions around the globe are faced with political uncertainty and less favorable tax laws. To address some of the key issues for the growing number of fund managers interested in establishing a presence in Dubai or Abu Dhabi for investment management and capital raising purposes, Dechert hosted a webinar that was moderated by partner Craig Borthwick and featured Christopher Gardner (partner), Phillip Sacks (partner) and Dounia Mansour (counsel). The program discussed important considerations when setting up a presence in the main jurisdictions, rules for marketing to UAE investors and features of local fund products. For further insights from Dechert attorneys, see “Central Bank of Ireland Report Discusses Key Risks and Regulatory Focus Areas” (Aug. 17, 2023); and “Legal and Compliance Challenges for Global Asset Managers From Disparate ESG Regulations in the U.S. and Europe” (Nov. 10, 2022).

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