MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Dubai International Financial Centre / Qatar Financial Centre
Exchange Traded Funds
Questions Dubai International Financial Centre Qatar Financial Centre (QFC)
(DIFC)
ETFs / ETCs are variable and will be
calculated based on the Total Securities
Listed (TSL)
Total Securities Listed (TSL)
Annual Listing Fee
Up to US$ 10 mn securities US$ 5K
100 mn & up to 500 mn securities US$ 10K
500 mn & up to 1 bn securities US$ 20K
1,000 million securities US$ 50K
Listing agents fee None
Legal fees Varies with fund complexity
Custodian, Administration Fees Varies – (depends on size and complexity
of fund) Standard fees apply, not specific for
custodians
Other
Legal system Common Law Common Law
Jurisdiction statistics The US Dollar denominated Dubai The QFC is neither an offshore centre, nor
International Financial Centre (DIFC) is an onshore capital market with international standards benchmarked with the best, it currently enjoys a zero tax rate which is guaranteed for 50 years, is designated as a financial free zone, having no local partner requirements and attracts both professional a free zone. Companies licensed by the
QFC are free to operate in both local and
other currencies while the QFC tax regime
provides an attractive environment for
financial services firms to invest in Qatar
with all QFC registered companies subject
to a 10% corporation tax charged on
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