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Private Banking

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Long the home of enormous private wealth, the Middle East, Africa and South Asia (MEASA) region is creating new opportunities for private banking.

The region continues to represent some of the fastest growing areas of wealth accumulation in the world. As a result, high-net-worth and ultra-high-net-worth individuals and families require sophisticated wealth management solutions that are ideally served by private banks located in DIFC. Not only is DIFC at the heart of regional banking and financial deal making, but it also offers the most established legal and regulatory environment of its kind and a structure specifically suited to the unique needs of private banking operations. The fast-growing financial ecosystem in DIFC also provides an unrivalled mix of professional services providers and experts. They provide capital market, wealth management, investment banking, and alternative investment services. Private Banking is one of five areas within the Banks and Capital Markets focus at DIFC. The other areas include Banking, Investment Banking, Brokerage and Capital Markets.

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Advantages of setting up in DIFC

DIFC is the unrivalled financial hub of the region with an established and tested legal and regulatory framework. Safe and stable, Dubai is a global city and business, trade and tourism centre that is fully connected to regional and global markets.

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Legal and regulatory environment ideally suited to private banks

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At the heart of regional investment opportunities and deal making

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Diverse ecosystem of financial and professional services firms

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Legal and Regulatory Framework

“World Wealth Report 2017”, Capgemini, September 2017

Although operating independently, the DIFC Authority, the Dubai Financial Services Authority (DFSA) and the Dispute Resolution Authority (DRA) serve a common goal: reinforcing DIFC’s principles of integrity, transparency and efficiency.

The DIFC Authority is responsible for the guiding strategy, ongoing development and overall public administration of DIFC. The DFSA is the globally recognised independent regulator of financial services conducted in or from DIFC. The DRA provides an English-language, commercial common law judicial system, as well as a dispute resolution platform, and other services to deliver legal excellence in the Middle East.

Register in Three Steps

Simple and straightforward licensing, registration and regulation, makes setting up and operating in DIFC fast and efficient.

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01

Discuss your proposed private banking operations with DFSA and DIFC service advisors

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Submit application documents

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Receive approvals for licenses, visas and consent notifications

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