This Regulation shall apply to crowdfunding companies, wherever their platforms hosted, engaging in LCAs in the UAE, except in the Financial Free Zones.

A company is considered to be engaging in LCAs in the UAE if it meets one of the following conditions:

1. If the company carrying out LCAs is incorporated in, or the crowdfunding platform is hosted in the UAE; or
2. The crowdfunding platform uses a company’s address situated in the UAE for correspondence; or
3. It provides LCAs to clients residing in the UAE.