10 Leaves’ Post

The DIFC enacts the new Prescribed Companies Regulations The new DIFC Prescribed Company Regulations addresses a significant gap in the offerings from the center, where there was no product comparable to the Special Purpose Vehicle regimes that existed in many comparable jurisdictions. The earlier PC regime required a Qualifying Applicant or a Qualifying Purpose, both of which tied in the product to existing DIFC clients.  Under the new regime, Prescribed Companies can be established by qualifying applicants (GCC Persons, DIFC Persons etc.), for a qualifying purpose (aviation, maritime, IP, crowdfunding and structured finance), to hold GCC-registrable assets, or, in case none of these apply, through a DIFC Corporate Service Provider so as to provide the required substance. In essence, this brings a new level of flexibility to the offering – for instance, you can now form a PC if you are from India, to hold an asset in Africa, by appointing a CSP at the DIFC. Since the Prescribed Company cannot have employees, the DIFC has spun off the Qualifying Applicant bit into a different product called Active Enterprises. One can set up Holding Companies, Proprietary Investment Companies and Managing Offices as an Active Enterprise, with visa options, provided that one has a tie-in to the center already. Check the link in the first comment - a definitive guide to the new DIFC Prescribed Companies Regime. Get in touch! #DIFC #DIFCPrescribedCompany DIFC

How do I establish a PE fund in Luxembourg? Luxembourg offers multiple fund structures for private equity transactions. Specialised Investment Fund, or SIF, is the most flexible investment fund structure, that can be used for multiple asset classes and investment strategies, including Private Equity deals. The Luxembourg SIF is a supervised corporate vehicle and usually reserved for professional or qualified investors. It has low diversification requirements and can also be established as an umbrella fund with multiple sub-funds, thus allowing for multiple deals in the same structure. A Luxembourg Specialised Investment Fund can also qualify to obtain an AIFMD passport, given that it satisfies some mandatory conditions. The Luxembourg Investment Company in Risk Capital, or SICAR, is also a supervised investment vehicle. The main purpose of the SICAR is to invest in risk-bearing assets, and is meant to be used as a vehicle for professional and qualified investors. SICARs are not obliged to follow risk-spreading obligations or diversification requirements. A Luxembourg SICAR can also qualify to obtain an AIFMD passport, given that it satisfies some mandatory conditions. 🔉Do listen to our Podcast about Setting Up a Private Equity Structure in Luxembourg : https://lnkd.in/gkaJ3iFk #10Leaves #Luxembourg #SettingUp #PrivateEquityStructure

What is a Luxembourg RAIF? The Reserved Alternative Investment Fund was created following the implementation of the AIFMD. Structurally, it is a combination of the Specialised Investment Fund (SIF) and the Investment Company in Risk Capital (SICAR). However, unlike the SIF and SICAR, the RAIF is not ordinarily supervised by the Luxembourg CSSF. This allows the fund to be launched quickly, since double-supervision is avoided. However, a RAIF would have to appoint a CSSF-regulated Fund Manager (AIFM). The Luxembourg RAIF is very popular in the EU, and there are around 650 RAIF established as of 2020. Can a RAIF be sold to all investors? A Luxembourg RAIF can only be sold to qualified investors, which include institutions and professional investors. In some cases, prospective investors can declare that they a) can invest a minimum of Euro 125,000 or obtain a confirmation from a credit institution, an investment bank or a management company, certifying their expertise, experience and knowledge in sufficiently judging and understanding the implications of an investment made in the RAIF. 🔉Do listen to our Podcast about Reserved Alternate Investment Funds (RAIF) in Luxembour‪g‬: https://lnkd.in/gDgvTSZE #10Leaves #Luxembourg #ReservedAlternate #InvestmentFunds #RAIF

"The future depends on what you do today" - Mahatma Gandhi #10Leaves #MotivationalQuotes #MondayMotivation

The Dubai International Financial Centre is ranked among the top 10 onshore financial jurisdictions worldwide. The DIFC issues asset manager licenses, that allow firms to engage in discretionary portfolio management services. 📽️Do watch the Video about Category 3C DIFC Asset Manager License|Wealth & Asset Management| DIFC License Categories - 10 Leaves: https://lnkd.in/gbrQtk6V #10Leaves #DIFC #AssetManagerLicense #Wealth&AssetManagement #Category3C

What is a Luxembourg RAIF? The Reserved Alternative Investment Fund was created following the implementation of the AIFMD. Structurally, it is a combination of the Specialised Investment Fund (SIF) and the Investment Company in Risk Capital (SICAR). However, unlike the SIF and SICAR, the RAIF is not ordinarily supervised by the Luxembourg CSSF. This allows the fund to be launched quickly, since double-supervision is avoided. However, a RAIF would have to appoint a CSSF-regulated Fund Manager (AIFM). The Luxembourg RAIF is very popular in the EU, and there are around 650 RAIF established as of 2020. Can a RAIF be sold to all investors? A Luxembourg RAIF can only be sold to qualified investors, which include institutions and professional investors. In some cases, prospective investors can declare that they a) can invest a minimum of Euro 125,000 or obtain a confirmation from a credit institution, an investment bank or a management company, certifying their expertise, experience and knowledge in sufficiently judging and understanding the implications of an investment made in the RAIF. 🔉Do listen to our Podcast about Reserved Alternate Investment Funds (RAIF) in Luxembour‪g‬: https://lnkd.in/gDgvTSZE #10Leaves #Luxembourg #ReservedAlternate #InvestmentFunds #RAIF

AI has dominated the conversation in 2023. Watch this 10 Leaves video to get more in-depth insights like how to set-up your Own License in Dubai or the heavily subsidized AI license offered by the Dubai International Financial Centre (DIFC) 📽️Do watch the Video about The New DIFC Artificial Intelligence License | DIFC Fintech Hive - 10 Leaves: https://lnkd.in/gTacu9b3 #10Leaves #DIFC #ArtificialIntelligenceLicense #FintechHive

What is a Luxembourg SICAR? The investment company in risk capital (SICAR) is an investment fund structure in Luxembourg. It is governed by the SICAR Law of 2004, and can mainly invest into risk-bearing assets, without the requirement of spreading or diversifying the risk. The SICAR is only open to qualified investors. A Luxembourg SICAR is regulated by the CSSF. Currently there are over 250 SICARs setup in Luxembourg, with over EUR 58 billion of assets under management. What assets can the SICAR invest in? Usually, SICARs invest in unlisted companies, whether in the form of equity or debt. They can also invest in any geography, not just the European Union. Investments into listen companies can also qualify in some instances, for example, when the investment aims to finance a new line of business. There is no requirement for the SICAR to diversify it’s risks. 🔉Do listen to our Podcast about Investment Company in Risk Capital (SICAR) in Luxembour‪g‬: https://lnkd.in/g9jqBuCj #10Leaves #Luxembourg #InvestmentCompany #RiskCapital #SICAR

"Don’t sit down and wait for the opportunities to come. Get up and make them." #10Leaves #MotivationalQuotes #QuoteoftheDay #MondayMotivation