Ted
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Recent activity by Ted-
What companies need to seek authorisation?
Entities conducting Regulated, Market, or Ancillary activities must be licensed by AFSA.
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What is authorisation?
The process of obtaining AFSA consent to provide financial, market, and ancillary services from/in the AIFC.
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Can the AIFC Participant open a branch / representative office outside the AIFC?
Yes, subject to compliance with local laws of the destination jurisdiction.
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Do I need to have full time employees based in the AIFC, if so, what are the requirements?
A CEO and key roles must be appointed. Authorized companies require adequate resources in AIFC.
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Do I need to have an office in the AIFC to be a Participant?
Yes. A registered office within AIFC boundaries is required.
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What is the difference between Recognised Company and Recognised Non-AIFC Member?
A Recognised Company is a branch registered as an AIFC participant. A Recognised Non-AIFC Member has access to AIX but is not a participant.
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What is a Recognised Non-AIFC Member (RNAM) and Recognised Non-AIFC Market Institution (RNAMI)?
A broker outside AIFC may be recognized for AIX access without establishing presence.
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Do I need to register the company prior to authorisation?
No. Registration may follow in-principle authorization. Names including financial terms need prior approval.
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What is the scope of Regulated Activity of Operating a Representative Office?
Marketing-only activity promoting services of the foreign head office. Limited obligations. Only regulated foreign firms may apply.
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How do I know whether I need an authorisation or just registration?
Financial activities require AFSA authorization. Non-financial activities require registration only.