Dubai - The New DFSA Representative Office Regime is Effective

Posted on January 6, 2010 by K&L Gates

By: Anna Paglia and Paul de Cordova
 

Effective Sunday, January 3, 2010, foreign financial institutions are authorized to establish representative offices in Dubai (see our client alert dated December 17, 2009, available here).

In response to several requests for information that the Dubai Financial Services Authority (“DFSA”) received in connection with the new regime, on December 24, 2009, the DFSA published a Q&A document addressing several operational issues affecting representative offices. 
 

To view the complete alert online, click here.

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