DIFC introduces QIF as it further strengthens its offering to asset ma

01/10/2014 15:51 AST

Investors, regulators and tax authorities are pushing the choice of fund domicile to the fore with requirements for good corporate governance, transparency and financial regulation, while asset managers are focused on the impact of domicile on distribution and growth opportunities.

The Dubai International Financial Centre has established itself as a leading international financial centre with a comprehensive legal and regulatory system inline with global standards. The DIFC provides proximity to wealth creation and investment opportunities in the GCC, Africa and South Asia, covering an area that is experiencing significant economic growth. The qualified investor fund (QIF) adds to the suite of funds that can be domiciled in the DIFC. Targeted at wealthy investors, the new fund has tailored regulatory requirements and a registration process of 48 hours.

DIFC quote ‘QIFs offer a short time to market solution for asset managers wanting to establish funds in a domicile with sound regulatory standards combined with a competitive business environment.

Given the nature of the regions investors and investment opportunities, a DIFC QIF domiciled fund is ideal for emerging market, Islamic and frontier market investment strategies and alternatives such as private equity, real estate and hedge funds’.

The DIFC houses over 400 regulated entities and over a 1000 companies with over 80 firms managing assets and over 2000 funds marketed from the DIFC.

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