There are various state requirements depending on the type of activity and jurisdiction
of the license.
The main regulatory bodies are the Central Bank of the UAE, the Financial and
Commodity Market Management Committee, the police.
Usually there are requirements for the authorized capital, the minimum amount varies
from $41,000 to $1.4 million. In some cases the authorized capital may reach $8-14
million and higher amounts for complex licenses.
The state has established requirements for placing a bank guarantee for a large amount
to prove company intention to fulfill its obligations. The amount depends on the type of
The state has established requirements for the staff consisting of financial managers,
analysts and internal control experts for the ongoing financial operations, general
manager should have the appropriate education and qualifications in the field of
The state has established requirements for the special technical financial platforms,
which allows company to conduct the daily operational activity.
Financial and investment companies must confirm the office that meets state
The state has established requirements to ensure a system of internal control and
proper compliance with laws to reduce risks, methods of risk control, and compliance
with legislation to combat the money laundering of illegal proceeds.
You should develop and submit a detailed business plan for conducted activities.