Marketing Foreign Special Purpose Vehicles in the UAE, KSA & Bahrain

spv_special_purpose_vehicle_malta_dubai

30 Dec 2019 Marketing Foreign Special Purpose Vehicles in the UAE, KSA & Bahrain

  UNITED ARAB EMIRATES (“UAE”)
UAE Mainland Dubai International Financial Center (“DIFC”)

Abu Dhabi Global Market

 (“ADGM”)

KINGDOM OF SAUDI ARABIA KINGDOM OF BAHRAIN
Regulator The Securities and Commodities Authority (“SCA”). The Dubai Financial Services Authority (“DFSA”). The Financial Services Regulatory Authority (“FSRA”). The Capital Market Authority (“CMA”). The Central Bank of Bahrain (“CBB”).
Requirement to go through a locally regulated/registered entity Yes
Certain characteristics of the SPV Regulated in its home jurisdiction. No particular requirements.
Characteristics of the targeted investors No particular requirements.  (i) Sophisticated Investors; or
(ii) 100 investors.
Accredited Investors
Subscription requirements No particular requirements. Not less than SAR 1,000,000.  USD 100,000.
Exceptions to the requirement of going through a locally regulated/registered entity (i)  Reverse solicitation; or

(ii) Certain Qualified Investors.

 

(i)  Reverse solicitation;

(ii) Directed at a Deemed Professional Client; or

(iii) Approved by a regulated entity.

 (i)  Reverse solicitation;

(ii) Communications by journalists; or

(iii) One Off Communications.

(i) Offer to Sophisticated Investors;

(ii)  Total value of securities is less than SAR 10,000,000

(iii) 50 investors; and

(iv) Subscription shall not exceed SAR 200,000.

No Exceptions.

 

Note: The information provided herein are the main requirements as per each jurisdiction’s legislations and is not a representation of all the options.

 

 

Author:

Sofiana Bird

Structuring and incorporation of financial and non-financial institutions in the DIFC.

 

 

 

 

Author:

Amanda Dania Al-Baba

Structuring and incorporation of financial and non-financial institutions in the DIFC.

 



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