Questions & Answers
The requirements to set up an equity crowdfunding platform in DIFC
I would like to know the answer to the following:
(1) What are the requirements to set up an equity crowdfunding platform in DIFC?
(2) If there are any limitations on international investors and where international investments should be done.
Hello,
In order to set up the Equity crowdfunding in DIFC, it will be regulated by DFSA. We have to see the model for crowdfunding and then we can ace the risks and the duties for any international investor.
Equity-based crowdfunding will normally offer securities to the public whereby the regulations related to SCA and Central Bank of UAE will come into the picture (which may be prevalent at the time of set up).
Also, we have to see the jurisdiction for the crowdfunding and also what will be the base for the startup or SME.
In order to get inside the UAE MARKET, governmental licensing and permission are required, and for the free zone, their respective permissions are required. Both for DMCC and DIFC.
Please contact us via phone or email for further queries.
