Apex Dubai celebrates its 10 year anniversary in Dubai having been the first independent fund administrator to be licensed by the DFSA back in 2006; today servicing both private equity and open ended funds, handling all asset classes.
Offering an efficient and flexible approach to fund services, the Dubai office tailors its support to meet the specific requirements of each individual client, assisting with the following:
Apex Dubai is based in the DIFC and is regulated by the Dubai Financial Services Authority (DFSA) to deliver services to funds located in the DIFC;
Why Apex Dubai?
Located in the heart of the Dubai, the DIFC is home to numerous asset management, fund services and professional support firms. Apex Dubai has significantly enhanced the ability of its clients to provide best practice fund administration to their investors. Apex Dubai can fully service managers in international time-zones and domiciles, across all relevant strategies and asset classes.
The DIFC offers its own regulatory regime and a robust legal framework based on the UK, Widely regarded as the “hub” of the financial services industry in the Middle East, the DIFC benefits from the diversity and depth of financial services support companies based within it, ranging from large multinational groups, to both local and regional players. The DFSA pro-actively supports the development of the domicile and has introduced a number of new fund structures in recent years to allow managers to establish a wide range of fund types in what is a well regulated jurisdiction.
Tax & Legal
The legal regime in the DIFC is largely based on UK Common Law and is supported by its own highly developed court system. The DIFC is a tax neutral environment with no personal, corporate or property taxes. This allows both promoters and investors the ability to manage their own tax position without having to deal with local tax legislation.
The Dubai Financial Services Authority (DFSA) is the sole regulator for the DIFC and has worked diligently to develop and expand the local financial services industry. It offers a variety of fund structures, from open to closed ended, and is thus able to accommodate all fund strategies and investment themes.
The DFSA has a technical yet entrepreneurial approach which has proven very successful in attracting new managers to the DIFC. There is a willingness to enter into discussion with interested parties and an ability to detail and meet the timeframes involved in licensing managers and launching fund structures. Global AML rules and investor protection measures are implemented. Dedicated to the promotion and maintenance of a sound yet responsive regulatory framework, the DFSA is aided by the DIFC having its own independent court system with exclusive jurisdiction over commercial cases within the DIFC. Legislation is based upon Common Law principles so providing a stable and robust architecture that underpins the centre’s independence.
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