Funds

Whether you are launching, operating, lending to or investing in a fund or an alternative indirect investment vehicle, or seeking to tap into Middle Eastern capital from abroad, you need to overcome legal hurdles which may be from a domestic and/or cross-border perspective, Federal or freezone level. Similarly, on deployment of capital, there are local nuances and legal issues with investing into the Middle East, which must be accounted for at an early stage. Our funds group advises across the entire funds life cycle, and covers all key asset classes including private equity, real estate, infrastructure, hedge, venture capital and debt. Our experience and varied client base enables us to advise on the commercial as well as the legal and tax aspects.

We are highly skilled at, and have a reputation for, efficiency and providing commercial and pragmatic advice to reach successful deal conclusions quickly and on sensible budgets. We recognise the fast-moving regulatory climate and aim to simplify the legal minefield with our expert funds guides. These cover developments such as those affecting private placement regimes and allow you to keep pace with key market changes. We also actively engage with key regulators to engage them positively on new matters for the benefit of our client base.  

Highlights of our experience in Funds in UAE
A major European Bank on its capital raising activities across eight Middle Eastern jurisdictions. Seed investors on the formation and capital raising of a new fund for investing into greenfield and brownfield...

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05/01/2024
Private placement rules and law in United Arab Emirates
1. Summary of private placement provisions for fund interests For jurisdictional context, the term “onshore UAE” applies to the seven Emirates that form the UAE (Dubai, Abu Dhabi, Ras Al Khaimah...
05/01/2024
AIFM passporting in United Arab Emirates (excluding the DIFC and ADGM)
The UAE is not subject to any EU AIFs requirements and has its own rules.  Summary of private placement provisions for fund interests  For jurisdictional context, the term “onshore UAE” applies...
29/12/2023
UCITS passporting in United Arab Emirates (excluding the DIFC and ADGM)
The UAE is not subject to any EU UCITS requirements and has its own rules.  1. Summary of private placement provisions for fund interests  For jurisdictional context, the term “onshore UAE” applies...
23/06/2023
The ESG journey in the United Arab Emirates
With the UAE due to host the 28th session of the United Nations Conference of the Parties (“COP”) in November this year (COP 28),[1] there has perhaps never been a greater spotlight on, or opportunity...
13/06/2023
UAE Corporate Tax Law: When does a non-resident juridical person have a...
BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June...
05/06/2023
UAE Corporate Tax Law: What Constitutes Qualifying Income for Free Zone...
BackgroundThe UAE enacted its Corporate Tax Law (the “CTL”) in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The CTL came into force on 1 June...
24/04/2023
Corporate Tax Thought Leadership Series: Anti-Abuse Rules for Small Business...
BackgroundThe UAE enacted its Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1...
12/04/2023
UAE Corporate Tax: Small Business Relief Criteria
BackgroundThe UAE issued its landmark Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect...
01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
01/07/2021
CMS Funds Market Study 2021
Periodically, CMS takes soundings on the state of the market from our funds-related clients. Given the unprecedented nature of the last 12 months we thought this was an opportune time to look back over...
21/06/2021
CMS Infrastructure Index shows markets are buoyant
New report CMS Infrastructure Index: Accelerating transformation examines the trends impacting the infrastructure sector, ranks 50 countries by attractiveness for infrastructure investment and analyses...
01/06/2021
Some leaks can't be fixed
“Confidential information is like an ice cube... give it to the party who has no refrigerator or will not agree to keep it in one, and by the time of the trial you have just a pool of water.” This...