Fund Administration License in UAE

Service Overview

With over 25 years of experience in financial services licensing, ABICO specializes in helping firms establish their operations within Dubai’s prestigious financial districts. One of our core services is assisting businesses in acquiring a Fund Administration License in the DIFC. We guide you through each step of the licensing process, ensuring compliance with DFSA regulations and setting up your fund administration operations efficiently and smoothly. Understanding the Fund Administration License: A Fund Administration License authorizes your firm to provide essential back-office services for investment funds, such as calculating fund NAV, managing investor records, and producing regulatory reports. This license is crucial for firms that wish to offer fund administration services within the DIFC but do not directly make investment decisions. It supports transparent and compliant management of fund operations, enhancing your credibility in the market. What Are the Requirements? To obtain a Fund Administration License in the DIFC, your company must meet several critical standards: - Legal Structure & Office Setup: You need to incorporate a company within the DIFC, either as a new standalone entity or as a subsidiary of an existing regulated firm, and secure physical office space within the DIFC. - Financial Capital: The required minimum capital typically ranges from USD 50,000 to USD 500,000 depending on the scope of services offered. These funds must be deposited and readily available before licensing confirmation. - Personnel & Management: At least two key senior professionals with relevant experience must be appointed, including a Compliance Officer, Finance Officer, and Money Laundering Reporting Officer (MLRO). - Operational Systems & Policies: Implement robust IT systems for fund accounting, reporting, and policies related to AML/CFT, data security, and operational risk management. - Business Planning: Submit a detailed business plan outlining your service scope, target clients, and compliance framework. At ABICO, we possess deep knowledge of DIFC licensing procedures and extensive experience working with financial firms. We take care of all licensing steps on your behalf, from initial assessments to final approval, ensuring that your application meets all standards and accelerates your market entry.