As digital innovation drives a shift in financial services and capital markets, there is increased regulatory and compliance pressure from regulators and supervisory authorities around the globe. This results in financial institutions and fintech innovators facing higher level of regulatory scrutiny and enforcement.
With expertise and peculiar interest in blockchain, cryptocurrency and payment services, our Fintech team of legal practitioners has closely studied the development of the fintech industry, providing the full range of legal services that financial institutions and fintech entrepreneurs require to navigate the developing regulatory environment.
We advise clients on fintech matters including:
- Incorporation of companies: Dubai Main Land (DED), DIFC, ADGM, free zone companies such as DWTC and DMCC
- Preparation of all fintech agreements such as merchant agreement, merchant aggregation agreement, E-commerce master aggregator agreement, payment gateway processing agreement, service agreement, online acquiring agreement, payment service providers agreement, Product Distributor Agreement, License agreement for the collection of payments, digital token purchase agreements
- Obtaining the required licenses from Central Bank UAE, DIFC, and ADGM for Money Service Activities (issuing stored value, operating payment account, money remittance) and Digital Assets (Non fiat virtual currencies, security tokens, fiat tokens, derivatives/funds, and utility tokens
We also provide in DIFC and ADGM mandatory functions of Compliance Officer, Money Laundering Reporting Officer and Finance Officer on an outsourced basis.
Our team of senior members also act as Non-Executive Board members or Board Committee members assisting in strengthening corporate governance and oversight.