10 Leaves

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/setting-up-an-umbrella-fund-in-luxembourg What is an umbrella fund? An umbrella fund is collective investment scheme that legally exists as a single entity but has several distinct compartments or sub-funds. These sub-funds may follow completely different investment policies and can have different investors...

This episode is also available as a blog post: https://10leaves.ae/publications/adgm/guide-to-the-adgm-category-3c-asset-manager-license ADGM Category 3C Asset Manager License: Firms engaging in the activity of ‘Asset Management’, can apply to the ADGM for a Cat 3C License. Asset management, in this context, means managing client portfolios on a discretionary basis, under a client mandate. This li...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/renting-a-sub-fund-in-luxembourg Why rent a sub-fund in Lexembourg? Luxembourg offers multiple fund structures with the flexibility of opting for supervision, lower requirements for diversification of assets and an option for passporting by appointing an AIFM. Luxembourg also has a diverse ecosystem of exist...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/real-estate-funds-in-luxembourg Why setup a real estate fund in Luxembourg? Luxembourg offers multiple fund structures with the flexibility of opting for supervision, lower requirements for diversification of assets and an option for passporting by appointing an AIFM. Luxembourg has a diverse ecosystem of ex...

This episode is also available as a blog post: https://10leaves.wordpress.com/2021/03/14/launch-your-fund-with-10-leaves/ LAUNCH YOUR FUND WITH 10 LEAVES! In today’s episode, we take you through what we can do for you, as service providers. Costs may differ based on the structures involved, but the underlying theme is – affordability, and turnkey solutions. That’s it. It is that simple. Let’s...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/new-difc-venture-capital-funds-regime The DIFC has implemented a path-breaking VC Fund Manager Regime, that promises to add to the current startup ecosystem being built through the DIFC Fintech Hive and the DIFC Innovation Hub. The regime is a carve-out of the already fast-tracked Restricted Fund Manager regime, t...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-tech-startup-license What is a DIFC Technology Startup License? The DIFC started by attracting financial technology, or Fintech players into its DIFC Fintech Hive , which is an accelerator that just completed its third cohort, with over 30 fintech companies. It quickly extended the benefits of a startup licen...

This episode is also available as a blog post: https://10leaves.ae/publications/adgm/guide-to-the-adgm-category-4-investment-advisor-license The ADGM is an upcoming international financial centre in the MENA region for business and fintech. The quality of ADGM’s independent regulator, the prevailing common law framework, excellent infrastructure and tax efficiencies make it the perfect base to tak...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/luxembourg-securitisation-vehicles Why setup a securitisation vehicle in Luxembourg? In Luxembourg, securitisation of a wide range of assets, loans, bonds, incomes and risks is allowed. In addition to this, risks related to debt, movable or immovable property, tangible and intangible assets are also allowed...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/luxembourg-specialised-investment-fund-sif Advantages of setting up a SIF in Luxembourg The following are the advantages of setting up a SIF in Luxembourg: Can be established as a SICAV or SICAF. These can be established as public limited companies (SA), Private limited company (SARL), limited partnerships,...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/setting-up-a-private-equity-structure-in-luxembourg How do I establish a PE fund in Luxembourg? Luxembourg offers multiple fund structures for private equity transactions. Specialised Investment Fund, or SIF , is the most flexible investment fund structure, that can be used for multiple asset classes and inv...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/reserved-alternate-investment-funds-raif-in-luxembourg What is a Luxembourg RAIF? The Reserved Alternative Investment Fund was created following the implementation of the AIFMD. Structurally, it is a combination of the Specialised Investment Fund (SIF) and the Investment Company in Risk Capital (SICAR). Howe...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/investment-company-in-risk-capital-sicar-in-luxembourg What is a Luxembourg SICAR? The investment company in risk capital (SICAR) is an investment fund structure in Luxembourg. It is governed by the SICAR Law of 2004, and can mainly invest into risk-bearing assets, without the requirement of spreading or div...

This episode is also available as a blog post: https://10leaves.ae/publications/adgm/setting-up-representative-office-in-the-adgm The ADGM is an upcoming financial centre in the MENA region for business and fintech. The quality of ADGM’s independent regulator, the prevailing common law framework, excellent infrastructure and tax efficiencies make it the perfect base to take advantage of the rapidl...

This episode is also available as a blog post: https://10leaves.ae/publications/adgm/comprehensive-guide-to-spvs-in-the-adgm The Abu Dhabi Global Market (ADGM) has been open for business only since October 2015, but it has already garnered much praise and respect over its efforts to differentiate itself through unique offerings. It pioneered the FinTech Abu Dhabi summit, attended by over five hund...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/venture-capital-in-the-middle-east The Middle East in general, and United Arab Emirates and Saudi Arabia in particular, has seen a number of government-led initiatives for technological innovation in recent years. A large untapped market for Arabic-based content, a very young population and excellent technological...

This episode is also available as a blog post: https://10leaves.ae/publications/luxembourg/special-limited-partnership-in-luxembourg What is a Special Limited Partnership, or Luxembourg SLP? The SLP is an unregulated Alternative Investment Fund , that can be incorporated in Luxembourg by: one General Partner (GP) – the fund manager; and one Limited Partner (LP) – the investor The Luxembourg SLP st...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/setting-up-a-regulated-fintech-license-in-the-difc Regulated Fintech Licenses In The DIFC: Firms interested in carrying out fintech activities from the DIFC are required to submit applications to the Dubai Financial Services Authority, or DFSA. The DFSA, for the purposes of authorisation and supervision, categoris...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/guide-to-aisp-and-pisp-licensing-in-the-difc What is a Money Services Business? Money Services Businesses cover a wide range of money-related activities, starting from payment processing companies to investment services, from individuals and startups to major global enterprises. They can include providing account...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/cost-of-setting-up-a-regulated-firm-in-the-difc DIFC is one of the world’s top ten onshore financial centers and offers a secure and efficient platform for businesses and financial institutions to reach into and out of the emerging markets of the region. The quality and independence of DIFC’s regulator, the prevai...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/advantages-of-setting-up-a-business-in-the-difc The Dubai International Financial Centre, or DIFC, is a leading financial hub in the region for business, fintech, and lifestyle. Setup in 2004, the DIFC has grown to be one of the top 10 onshore financial centres in the world. It brought in a paradigm change in the...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/difc-as-a-destination-for-indian-fund-managers-difc-company-formation The India - UAE relationship India and the UAE have shared warm relations going back centuries. The recent high-level visits of UAE and Indian leaders demonstrate the proactive nature of decision-making between the two countries. Another reason...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/guide-to-the-difc-licensing-process-for-authorised-firms Setting up a regulated firm in the DIFC: Firms interested in engaging in financial services from the DIFC are required to submit applications to the independent regulator - Dubai Financial Services Authority, or DFSA. The DFSA offers a wide range of financia...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/investment-funds-in-the-difc Why setup an investment fund in the DIFC? The DIFC is a leading financial hub in the region. Besides offering a wide range of financial service activities, the centre also provides an integrated environment and world-class standard of living. It is well regarded in the international co...

This episode is also available as a blog post: https://10leaves.ae/publications/difc/service-providers-for-investment-funds-in-the-difc An investment fund in the DIFC requires a basic network of service providers, who carry out key outsourced functions, and help the fund conduct it’s activities. Fund Administrator: A fund administrator carries out calculations of Net Asset Values (NAV) of the fund...