09:00 - 19:00 (+5 GMT)
Astana, Mangilik el, 55/20
sales@odc.kz
+7 707 233 44 55
+7 707 233 44 55
Regulatory Authorisations |
Funds | Startups
Funds | Startups
Competencies in regulatory and non-regulatory authorisations in the Dubai International Financial Centre, Abu Dhabi Global Market. Specialists in Investment Fund structuring and Fintech.
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Our services
Authorizations
Setting up a regulated firm in the region is a detailed, yet elaborate process. We help you decide on the financial center, and then assist you throughout the authorisation process, including complete documentation and guidance.
Our relationship continues even after your firm is established, through value-added post incorporation advice and service.
Our relationship continues even after your firm is established, through value-added post incorporation advice and service.
Company structuring
We consult on DIFC and ADGM non-financial and retail licenses. Our services include designing the corporate structure, holding companies, SPVs, foundations and family offices for a wide range of requirements.
Our clients use these structures for enhanced tax efficiencies, robust corporate governance, stock-option plans, startup VC-friendly structures and legacy planning.
Our clients use these structures for enhanced tax efficiencies, robust corporate governance, stock-option plans, startup VC-friendly structures and legacy planning.
Legal
We focus on niche areas in financial services and investments. We have proven capabilities in complete fund documentation and creating the legal docket for startups that seek funding. We also help with corporate documentation required to establish new ventures.
Finance Outsourcing
We assist with pre and post-authorisation requirements. The DFSA and FSRA mandate the appointment of a Chief Finance Officer, and this position can be outsourced in certain circumstances.
We help create financial models for firms under authorisation,and satisfy IRAP and ICAAP documentation requirements.
We help create financial models for firms under authorisation,and satisfy IRAP and ICAAP documentation requirements.
Compliance
The DFSA and FSRA focus on compliance as being a key area of consideration during the process of evaluating an application for financial services. The regulators mandate the appointment of a UAE-resident Compliance Officer (CO) and a Money Laundering Reporting Officer (MLRO), and the creation of a robust compliance department at the firm.
We assist clients in regulatory and statutory compliances.
We assist clients in regulatory and statutory compliances.
Outsourcing Fintech
A nascent, but fast-growing area of interest, Fintech is the focus of multiple initiatives at the DIFC and the ADGM. We advise on tech startup licenses, regulated and non-regulated fintech, and assist you through the process of getting authorised and transitioning from a sandboxed environment, to full regulation.
We also consult on establishing blockchain and digital-asset businesses under the Crypto Asset Business Framework at the ADGM.
We also consult on establishing blockchain and digital-asset businesses under the Crypto Asset Business Framework at the ADGM.
DIFC Financial License Categories
- DIFC Category 1 License Authorised Firm is a firm that is licensed to carry out the Financial Service of Accepting Deposits or Managing a Profit-Sharing Investment Account (received on an unrestricted basis). The Authorised Firm under this category may be authorised to conduct other Financial Services, but its authorisation for Accepting Deposits and/or Managing a Profit-Sharing Investment Account is what determines it as a Category 1 Authorised Firm, rather than another. A Category 1 firm may apply for an Islamic Window to conduct certain aspects of its business in a Sharia-compliant manner.
- Base Capital – US$ 10,000,000.
- Risk-based Capital minimum based on the totality of risks – CET1, 6%; Tier 1, 8%.
- Capital Requirement is not applicable to a Branch set-up of existing regulated bank.
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- This is an Authorised Firm licensed to carry out the Financial Service of Dealing In investments as Principal and Providing Credit. In addition to this activity, the Authorised Firm under this category may also be authorised to conduct other Financial Services found in Category 3A, 3B, 3C or 4, provided that it cannot be authorised to conduct the Financial Services set out in Category 1.
- Base Capital – US$ 2,000,000 Risk-based Capital minimum based on the totality of risks – CET1, 6%; Tier 1, 8%.
- Capital Requirement not applicable to a Branch set-up of existing regulated bank.
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- In this category, an Authorised Firm is licensed to carry on one or more of the Financial Services of: Dealing in Investments as Principal where it does only so as a Matched Principle; Dealing in Investments as Agent. An Authorised Firm grouped under this category may be authorised to conduct other Financial Services found in Category 3B, 3C or 4, but it cannot be authorised to conduct any of the Financial Services in Categories 1 or 2.
- Base Capital – US$ 500,000 Risk-based Capital minimum based on the totality of risks – CET1, 6%; Tier 1, 8%.
- Capital Requirement is not applicable to a Branch set-up of existing regulated bank.
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- An Authorised Firm in this category is licensed to Provide Custody (but only for a Fund) and act as trustee for a Fund. An Authorised Firm in this category can carry on financial services in Category 3C and 4 but cannot carry on financial services in Categories 1, 2 or 3A.
- Base Capital – US$ 4,000,000
- Capital Requirement is not applicable to a Branch set-up of an existing regulated bank.
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- An Authorised Firm in this category may be licensed to carry on one or more Financial Services of Managing a Collective Investment Fund, Managing Assets, Providing Trust Services as a trustee of an express trust, Providing Custody (other than for a fund) and Managing a Profit-Sharing Investment Account (received on a restricted basis). An Authorised Firm that has a 3C licence can also provide Financial Services in Category 4 but cannot provide Financial Services in Categories 1, 2, 3A or 3B.
- Base Capital – US$ 500,000
- Base capital requirement 3C Fund Manager – US$ 140,000 (to manage a Public Fund US$ 70,000 to manage exempt funds/QIFs).
- Expenditure based capital requirement of 18/52 of annual operating expenditure (as the Fund Manager will hold or control Client Money)
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- An Authorised Firm in this category may be licensed to carry on one or more Financial Services of providing money services where the firm is providing or operating a payment account, executing payment transactions or issuing payment instruments. This includes creating and maintaining accounts for executing payment transactions, issuance of personalized sets of procedures agreed upon by the users and the provider, for initiation or execution of payment instructions. An Authorised Firm that has a 3D licence can also provide Financial Services in Category 4 but cannot provide Financial Services in Categories 1, 2, 3A or 3B, 3C or 5.
- Base Capital – US$ 200,000 Expenditure based capital requirement – 9/52 of annual operating expenditure Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
- Authorised Firms in this category can do one or more of Arranging Deals in Investments, Advising on Financial Products, Arranging Custody, Insurance Intermediation, Insurance Management, Operating an Alternative Trading System, Providing Fund Administration, Arranging Credit and Advising on Credit, Operating a Crowdfunding Platform and/or Providing Trust Services (other than as a trustee of an express trust). In Categories 2-4, Authorised Firms may apply to conduct their business in a wholly Sharia Compliant manner or through an Islamic Window.
- Base Capital – US$ 10,000
- Operating a crowdfunding platform while holding client money –$140,000
- Expenditure-based capital requirement of 6/52 of annual operating expenditure (18/52 if will holding or controlling Client Money).
- An Islamic Financial Institution carries out its entire business in accordance with the principles of Sharia and manages a profit-sharing investment account (received on an unrestricted basis).
- Base Capital – US$ 10,000,000
- Risk-based Capital minimum based on the totality of risks –CET1, 6%; Tier 1, 8%. Capital Requirement is not applicable to a Branch set-up of an existing regulated bank.
- Capital Plan must be captured in Internal Capital Adequacy Assessment Process Report.
How we work
- 01Leave a request
Send contacts and information about the project - 02Manager's feedback
The manager will contact to clarify the data and offer options for cooperation - 03Contract direction
Top managers will contact according to the terms of the agreement and send for approval and signing - 04Execution of services
You will see the results of the services in stages according to the contract
About us
- Азат OтепбаевОснователь & Управляющий ПартнерАзат - основатель нашей компании и создал ее опираясь на свой опыт в построении регистрационной поддержки в МФЦА и бизнес процессов в различных бизнесах, а также имея обширный нетворк экспертов по структурированию сделок. Любитель и поклонник kaizen и agile в бизнесе.
- Айжан АхмадиеваПервый руководительАйжан - профессионал с более чем 10-летним опытом работы в области финансовой отчетности и аналитики. Отличается умением решать разноплановые задачи и навыками ведения эффективных переговоров
- Арман БатаевУправляющий ПартнерАрман - является профессионалом в области структурирования сделок и инвестиций. Он имеет огромный опыт в области финансов, аудита и управления активами в крупных транснациональных компаниях. Он также является Основателем компании по Управлению активами HQB Ltd. и edtech компании Finmentor.kz.
Why us
Experience
Each of the executives has more than 10 years of experience in the consulting industry and interaction with SMES.
Individual approach
Each case is different and we select a unique solution for each individual project
Networking
The team consists of professionals with experience in the Big Four, banks, large multinational companies and the DIFC
Non-standard solutions
The team has accompanied companies from different industries and has experience in conducting foreign economic activity, building a business model and processes.
Expertise
The team consists only of experts who solve problems in narrow areas
International experience
We consult and guide representatives of foreign markets
Experience
Each of the executives has more than 10 years of experience in the consulting industry and interaction with SMES.
Individual approach
Each case is different and we select a unique solution for each individual project
Networking
The team consists of professionals with experience in the Big Four, banks, large multinational companies and the DIFC
Non-standard solutions
The team has accompanied companies from different industries and has experience in conducting foreign economic activity, building a business model and processes.
Expertise
The team consists only of experts who solve problems in narrow areas
International experience
We consult and guide representatives of foreign markets
Our partners
Contact us:
+7 707 233 4455
hello@loftpineapple.com
hello@loftpineapple.com
Pineapple Loft, 22 Pink Street, New York
Contact us:
+7 707 233 4455
hello@loftpineapple.com
hello@loftpineapple.com
Pineapple Loft, 22 Pink Street, New York
