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
(DIFC)
and retail investors. Furthermore, it has
tailor made laws modeled on English
common law. The DFSA’s funds regime
was introduced in 2006 and modified in
July 2010 and scores well when measured
against the IOSCO standards
Currency DIFC institutions cannot deal in the UAE
Dirham
Operating Infrastructure Institutions
can obtain available
infrastructure from various providers within
the DIFC district only
Employment Restrictions Emiratisation does not apply in DIFC. There
are no restrictions on number and/or
percentage of expatriate workers for
companies in the DIFC
Qatar Financial Centre (QFC)
locally sourced profits with no local
partnership requirements. Furthermore, it
has tailor made laws modeled on English
common law
The QFCRA’s funds regime was
introduced in 2006 and modified in
December 2010
There are no restrictions for QFC
institutions on dealing in any currency
Subject to availability, QFC will provide
clients with office infrastructure in its own
premises
Alternatively, subject to approval, clients
can choose to locate anywhere in Qatar
Qatarisation does not apply in QFC. There
are no restrictions on number and/or
percentage of expatriate workers for
companies operating in the QFC
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