Only a week
after buying an operational license within the United Arab Emirates (UAE), Capital.com introduced opening a brand new regional headquarters within the Center-Japanese nation.
The transfer comes as the corporate joins the UAE’s NextGenFDI initiative to draw cutting-edge digital companies to the nation.
The brand new
subsidiary, Capital Com MENA Securities Buying and selling LLC, will function
Capital.com’s working headquarters for the Center East, North Africa, and
Asia areas. This strategic growth permits the corporate to consolidate within the
UAE market whereas positioning itself for additional development throughout neighboring
areas.
Capital.com’s
entry into the UAE follows the corporate’s latest acquisition of a full
regulatory license from the UAE Securities and Commodities Authority (SCA). Tarik
Chebib, the president of brokerage for Center Japanese operations, who joined
the corporate in 2021, conveyed this info yesterday (Tuesday).
“As a
leading edge fintech firm regulated throughout a number of jurisdictions, the UAE
was a pure alternative for our first subsidiary within the area,” mentioned Kypros
Zoumidou, the Group Chief Govt Officer of Capital.com.
As he
added, the UAE affords a business-friendly ecosystem and supportive market-entry necessities, making it a “good location as a base” for Capital.com’s
wider growth.
Capital.com’s growth into the brand new market is essential, particularly for the reason that
firm has suspended the acceptance of latest purchasers in its customary positions.
Two weeks in the past, the agency introduced it was suspending the onboarding of latest
accounts within the UK.
Leveraging UAE’s Tech
Ecosystem and Expertise Pool
As a part of
the NextGenFDI program, Capital.com will profit from the UAE’s strong
know-how ecosystem and deep expertise pool. Beforehand, The corporate sponsored
initiatives like NextGenTalent, which aimed to develop superior know-how
abilities amongst Emirati youth.
“The
UAE affords not simply one of the vital vibrant ecosystems on the earth but additionally
serves as an entry level to increasing regional economies and the high-growth
markets of Asia and Africa,” mentioned HE Dr. Thani bin Ahmed Al Zeyoudi, UAE
Minister of State for Overseas Commerce.
The corporate’s latest development outcomes assist Capital.com’s growth into the UAE. In 2023, the platform’s whole shopper buying and selling volumes surpassed $1
trillion for the primary time, marking a 43% enhance from the earlier 12 months.
This has earned Capital.com recognition as one of many 50 fastest-growing
know-how firms within the Center East and Cyprus.
Only a week
after buying an operational license within the United Arab Emirates (UAE), Capital.com introduced opening a brand new regional headquarters within the Center-Japanese nation.
The transfer comes as the corporate joins the UAE’s NextGenFDI initiative to draw cutting-edge digital companies to the nation.
The brand new
subsidiary, Capital Com MENA Securities Buying and selling LLC, will function
Capital.com’s working headquarters for the Center East, North Africa, and
Asia areas. This strategic growth permits the corporate to consolidate within the
UAE market whereas positioning itself for additional development throughout neighboring
areas.
Capital.com’s
entry into the UAE follows the corporate’s latest acquisition of a full
regulatory license from the UAE Securities and Commodities Authority (SCA). Tarik
Chebib, the president of brokerage for Center Japanese operations, who joined
the corporate in 2021, conveyed this info yesterday (Tuesday).
“As a
leading edge fintech firm regulated throughout a number of jurisdictions, the UAE
was a pure alternative for our first subsidiary within the area,” mentioned Kypros
Zoumidou, the Group Chief Govt Officer of Capital.com.
As he
added, the UAE affords a business-friendly ecosystem and supportive market-entry necessities, making it a “good location as a base” for Capital.com’s
wider growth.
Capital.com’s growth into the brand new market is essential, particularly for the reason that
firm has suspended the acceptance of latest purchasers in its customary positions.
Two weeks in the past, the agency introduced it was suspending the onboarding of latest
accounts within the UK.
Leveraging UAE’s Tech
Ecosystem and Expertise Pool
As a part of
the NextGenFDI program, Capital.com will profit from the UAE’s strong
know-how ecosystem and deep expertise pool. Beforehand, The corporate sponsored
initiatives like NextGenTalent, which aimed to develop superior know-how
abilities amongst Emirati youth.
“The
UAE affords not simply one of the vital vibrant ecosystems on the earth but additionally
serves as an entry level to increasing regional economies and the high-growth
markets of Asia and Africa,” mentioned HE Dr. Thani bin Ahmed Al Zeyoudi, UAE
Minister of State for Overseas Commerce.
The corporate’s latest development outcomes assist Capital.com’s growth into the UAE. In 2023, the platform’s whole shopper buying and selling volumes surpassed $1
trillion for the primary time, marking a 43% enhance from the earlier 12 months.
This has earned Capital.com recognition as one of many 50 fastest-growing
know-how firms within the Center East and Cyprus.
