Investment Management License Dubai UAE
Dubai is the best city for people. It provides a conducive environment for investors because it is considered a leading platform and a favourite location for entrepreneurs and investors throughout the world. As a result, specialist fund management companies for Wealth Building in UAE are becoming more necessary in the Middle East North America or MENA region.
Both institutions and people with high net worth are looking for experts who can provide them with valuable assistance about their investment needs. Indeed, starting an investment management business is profitable in Dubai. However, creating an investment management company in Dubai is difficult because it requires an investment Management License Dubai.
We are sure that most of you might be feeling overwhelmed by knowing you have to obtain a Dubai Investment License in order to start your investment management company because you did not know anything about this license. If you are curious to learn everything about Investment license Dubai, then you should read this article.
In this article, we are going to reveal everything that you may need to know about asset management license in dubai. Furthermore, we will provide you with an in-depth guide that will help you in obtaining your investment management license.
Investment Management License – Overview
Companies involved in financial services and investment management are required to apply for the Investment Management License Dubai. The licenses provide these companies with the ability to conduct financial services, like portfolio management, financial consultancy, trading in financial instruments, and offering investment advice.
The Dubai Financial Service Authority, additionally known as DFSA, issues a Dubai Investment License that authorizes and entities in an effort to conduct financial services in and from the Dubai International Financial Centre. However, there are certain external fund managers from reputable jurisdictions that are permissible to establish and manage DIFC-based domestic funds without a DFSA license in terms of specific conditions met.
Companies operating in the free zones are required to obtain an Investment license Dubai from the authorities of free zones. At the same time, investment management companies conducted under the area of the mainland are required to obtain the same license from the mainland authorities in Dubai.
Types of an Investment Management License Dubai UAE
There are two types of Investment licenses in Dubai that you can choose to run your financial management business in Dubai. Here is the detail of two kinds of investment license in Dubai:
- Commercial investment license: This type of asset management license in Dubai provides people with the ability in an effort to trade things, like commodities, stocks, and bonds.
- Professional investment licence: This type of license provides you with the power to offer people in Dubai with the services of financial consultancy and investment management.
A professional investment license is the most preferable type of license for people who want in order to conduct their business of financial consultancy and investment management. Indeed, people who want to make an investment in things like stocks, bonds, and others are required to obtain a commercial investment licence.
How to get an Investment management license in Dubai UAE
In order to get these licenses for starting a finance management business in Dubai UAE, you are required to follow the right path in an effort to enhance the chances of getting a Management License in Dubai. Here is the list of steps that you should follow to obtain this license:
➡️Set up your business
The first step that you should follow to get a Dubai Investment License is to set up your business in Dubai. In an effort to set up your business, you are required to choose the appropriate legal structure on the basis of the needs of your business, like a Limited Liability Company (LLC) or a Freezone Company. It is recommended to choose a free zone area for your business set-up because the area has the ability to provide you with uncountable benefits.
➡️Gather the documents
After setting up your financial management business in Dubai, you need to gather the documents, like a detailed business plan, passport copies of directors and shareholders, certificates of incorporation, and more. We recommend you to consult Flying Colour in order to get the full list of documents that you should gather to get an Investment license Dubai.
➡️Submit the application
After gathering all the documents that are required to collect for this asset management license in Dubai, you have to submit the documents and application for this license. Before submitting your application and documents, you should identify the specific type of license that your business requires.
Here, you should remember one thing: you should submit these documents and the application to the relevant authorities for approval. Businesses conducted in a free zone needed to submit documents and applications to the free zone authorities. Companies conducting in mainland Dubai have to submit the documents and applications to the DED.
➡️Get the license
After submitting the required documents and application for the Investment License Dubai, you have to wait for a while till your application gets approved by the authorities. After your application gets approved, you have to obtain the license from the license authorities in Dubai. This license will let you start the operation of your financial management business in order to help other investors in Wealth Building in the UAE.
➡️Open a corporate bank account.
After obtaining your Management License Dubai, you need to open a corporate bank account in any bank in the UAE Dubai. The bank account is crucial in order to handle all the transactions of your business.
➡️Register with VAT
There are a few businesses that are needed to register with VAT in the UAE. You have to find out whether your business comes under VAT or not. If yes, then you have to register your business with VAT. We suggest you consult Flying Colour to know everything about registering with VAT.
How Flying Colour can help you?
Flying Colour is a business setup service provider who can help you in setting up your business. We come with a team of experts who can make your license more straightforward with their expertise.
To learn more about Investment management license Dubai UAE Investment, book a free consultation with one of Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
*Please note that this article was published on 12/01/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.