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Is it legal to invest in a crowdfunding outside the UAE?

Regarding investment in a UK-based crowdfunding platform from the UAE

I am a UAE (Dubai) resident. Is it legal to invest in a startup that is based in Cayman Island and London through UK based crowdfunding platform (crowdcube.com) from the UAE?

Looking for precious advice.

Thank you!

Hassan Al Riyami Advocates & Legal Consultants
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9 Mar 2021, 08:28

Crowdfunding in the UAE is not illegal. In fact, there are a few well-known platforms that do this.

Your question relates to crowdfunding something outside the country, hence the regulations and legality will be determined on the jurisdiction in which the activity is based.

As you would be potentially funding a project in another country, you are not breaking UAE law in that activity.

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