Publications and news
Gujarat International Fin-Tec City (“GIFT City”) is being developed as a global financial and IT Services hub on the lines of globally benchmarked financial centres. It includes a Special Economic Zone having the status of an International Finance Services Centre (“IFSC”). Comparison of Free Zones IFZA and RAKEZ (UAE)
In our latest article, we delve into a comparison of two popular free economic zones in the UAE: RAKEZ in Ras Al Khaimah and IFZA in Fujairah. Understanding the nuances of each of them is crucial for businesses considering company formation. DIFC Foundations
We often encounter requests not only for the creation of investment funds but also for funds aimed at protecting the personal assets of beneficiaries. In Dubai, this type of fund is called a “Foundation.” The operation of Foundations within the DIFC is governed by the DIFC Foundations Law №3, introduced in 2018. Suing founders is a new trend or still an exception?
The TMT Investments venture fund sued the founder of one of their portfolio startups, which claims that before the round, the startup artificially inflated revenue, showed incorrect financial indicators in reports to shareholders, violated the articles of association. Navigating Shareholders Agreements When Moving Your Company to the UAE
When businesses relocate or expand to the UAE, it is necessary assess the degree to which their existing corporate documents, particularly shareholders’ agreements (SHAs), would need to change in the new jurisdiction. What if you have an Alternative Investment Fund registered outside of UAE and want to offer its units to investors in the UAE?
The SCA and the federal financial regulatory agency in the UAE issued on 16 January 2023 new Foreign Funds Regulation, which introduced sweeping changes to the public distribution of foreign funds in the UAE: International News Digest — 14.10.24-18.10.24
In this post, we again have gathered relevant events and key moments from the world of law and business that may be of interest to you and your practice. The UAE as a possible jurisdiction for hedge funds
We quite often receive inquires from fund sponsors about UAE as a possible jurisdiction for hedge funds. Though Emirates is not as mature place for this type of funds as Cayman Islands, for example, it definitely tries to become one. Looking for a legal entity with segregated portfolios for your investment vehicle?
A Segregated Portfolio Company (SPC) in RAK ICC (UAE) may be ideal. RAK International Corporate Centre handles the registration of International Business Companies and offers a complete suite of registry services. For more details:
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Al Hulaila Industrial Zone, Ras Al Khaimah, United Arab Emirates