The appearance of more and more startup companies on the Dubai market has determined the government to come up with solutions which help these businesses. While many public funding programs have been launched, there was also the need for these companies to obtain funds from other sources. The successful development of the fintech industry in Dubai has created the suitable environment for the development of crowd funding, a concept which enables companies to gather funds from the public.
Foreign investors interested in starting a crowd funding company in Dubai must know that the emirate now has its own regulations related to the establishment of this type of venture. Our Dubai company formation consultants can offer information on the legislation related to crowd funding.
Foreign or local entrepreneurs can set up crowd funding companies in Dubai or in one of the free zones, the most sought one being the Dubai International Financial Centre (DIFC) which is one of the most renowned financial centers in the Middle East. The company incorporation procedure is the same as for any other type of business in the financial industry, however, it must undergo authorization from the Dubai Central Bank, the Securities and Commodities Authorities in the emirate or the DFSA in the DIFC Free Zone.
Our company registration agents in Dubai can handle the incorporation process of the crowd funding company.
Dubai is currently one of the most attractive emirates in the UAE and the number of young enterprisers setting up companies here has led to the creation of numerous crowd funding platforms. Dubai companies are usually set up as equity or loan-based crowd funding platforms. By the end of 2020, Dubai crowd funding companies are expected to contribute significantly to the UAE economy and to grow as an industry by close to 30%. Local crowd funding platforms have raised more than 20,000,000 USD for small and medium-sized enterprises (SMEs) in Dubai during the last several years.
For assistance in setting up a crowd funding company in the UAE, do not hesitate to contact our company registration advisors in Dubai.