The $14 Trillion Wealth Management opportunity: Setting up a business in the DIFC

Russell Bedford (Dubai) Limited (RBDL), along with Dubai International Financial Centre (DIFC), Walkers (Dubai) LLP and Total Solutions, hosted a successful seminar on 17 June 2015 at the Arab British Chamber of Commerce in London.

It focused on the opportunities for asset managers to set up in the Dubai International Financial Centre and discussed the practical implications of establishing a business there. 

The speakers were Stephen Banks of RBDL and Lubbock Fine, Ali Hassan of DIFC, Daniel Wood of Walkers (Dubai) LLP, and Nico van Bockstal of Total Solutions.

The presentations, which are available below, highlighted:

  • why the DIFC is ideally placed as the Middle East financial free zone for UK asset/wealth managers to do business, and
  • what the practical issues are and how best these can be dealt with to ensure the operation is successful and fulfils all compliance obligations.

The DIFC has established itself as a fully integrated hub for financial services with its influence covering the Middle East, Africa and the South Asian region. A key component of that success is the asset/wealth management sector, with management, distribution, servicing and domicile activities in DIFC growing substantially. The DIFC is the ideal platform from which your business can service existing clients and seek dynamic growth.


The $14 Trillion Wealth Management opportunity

Ali Hassan - Senior Representative, Europe and North America
Dubai International Financial Centre Authority
Tel: +44 20 7868 2811
Mobile: +44 7787 654590

The process for Asset Managers to establish in the DIFC

Daniel Wood – Managing Partner 
Walkers (Dubai) LLP
Tel: +971 4 363 7912 
Mobile: +971 50 652 5633

The compliance requirements

Nico van Bockstal – Partner & Director Compliance Services
Total Solutions
Tel: +971 4 369 7727 

Setting up in DIFC - accounting considerations

Stephen Banks – Director
Russell Bedford (Dubai) Limited
Tel: +44 20 3119 3816