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DIFC Signs Up First Qualified Investor Fund

by Lorys Charalambous, Tax-News.com, Cyprus

07 April 2015


TVM Capital Healthcare Partners has become the first company to register a private equity fund under the Dubai International Financial Centre's new Qualified Investor Fund (QIF) regime.

The new regime for QIFs was introduced to support the DIFC's development as an asset management center. QIFs are aimed at professional investors, with a minimum subscription limit of USD500,000 through private placement.

TVM Capital Healthcare Partners, which established a private equity fund in 2010 that invests in healthcare in the Middle East, North Africa, and India, chose the QIF regime to launch its second fund.

Helmut Schuehsler, Chairman and CEO of TVM Capital Healthcare Partners, said: "At TVM Capital Healthcare Partners, we believe the DIFC is an excellent domicile for our future funds, and we applaud the QIF initiative which brings cost, compliance, and approval speed for classical private equity funds targeting qualified investors in line with international best practices. We believe that this new type of fund regime will attract many private equity and venture capital firms to raise funds domiciled in the DIFC."

The free zone offers firms zero percent income tax guaranteed for 50 years, 100 percent foreign ownership, no exchange controls, and a legal system based on English common law.

TAGS: United Arab Emirates | compliance | tax | investment | private equity | law | venture capital | regulation | trade | individual income tax | Dubai | free trade zone | Healthcare | Invest | Africa | Middle East | Healthcare

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