Thursday, February 20, 2014
La Cloche Wealth Management (LCWM), a Swiss wealth management firm under the La Cloche Group, has established an office in the Dubai International Financial Center (DIFC), having received a license from the Dubai Financial Services Authority (DFSA).
"We established our offices in DIFC to enable us to be at the heart of the financial sector in the UAE and the GCC as a whole," LCWM Senior Executive Officer Manal Al Omari said.
LCWM has offices internationally and offers access to all underlying markets such as equities, fixed income, credits, currency and commodities. The Group has access to various major banks in Dubai, Singapore, and Switzerland.
The DIFC has a highly attractive tax and regulatory regime, offering firms 0 percent income tax guaranteed for 50 years, 100 percent foreign ownership, no foreign exchange controls, and a legal system based on English common law.