How to set up a financial business in Dubai
1Define the financial activityA regulated activity such as asset management, brokerage or advice needs a financial regulator; an unregulated activity such as management consultancy or fintech support does not. This choice sets your whole route.
2Choose the jurisdictionRegulated firms are usually authorised by the DFSA in the DIFC. Advisory, holding and support activities can be set up on the mainland or in a mainstream free zone, which is faster and lighter.
3Prepare the applicationA regulated licence needs a business plan, capital, fit-and-proper senior staff and compliance arrangements. An unregulated licence needs the standard company documents. We prepare the file for your route.
4Incorporate and get approvalsRegister the entity and secure the regulator's authorisation or the free-zone or DET licence, depending on the activity.
5Set up visas and bankingSponsor your team and open a corporate account. Financial firms face closer bank due diligence, so we introduce you to an officer who understands the sector.
Why start a financial services business in Dubai?
Dubai is a regional hub for asset management, wealth, brokerage and fintech, anchored by the DIFC and its independent regulator and courts. Not every financial business needs a regulated licence: advice, holding structures, family-office administration and fintech support can operate under lighter licences. Knowing which side of that line your activity falls on is the single most important decision, because it changes the cost, the timeline and the jurisdiction.
Financial licence: regulated vs unregulated
A regulated activity, such as managing client money, broking or giving investment advice, needs authorisation from a financial regulator, usually the DFSA in the DIFC, with capital and compliance requirements. An unregulated activity, such as management consultancy, holding or fintech development, is a standard company licence on the mainland or in a free zone. We assess your activity and price the right route rather than quote a single figure. Get your exact quote.
Documents required
Passport copies and CVs of the shareholders and senior managers
A business plan and financial projections for a regulated application
Evidence of the required capital, where the activity is regulated
The standard company documents for an unregulated licence
Mainland vs free zone vs offshore: which fits?
How OMC helps you establish your financial business
We have handled UAE company formation since 2007, across more than 1,400 companies. This is a Your-Money-Your-Life sector, so we do not guess: we confirm whether your activity is regulated, point you to the right authority, and prepare the application accordingly. We set up the entity, coordinate the approvals, and introduce you to a banking officer experienced with financial firms.
Frequently asked questions
Only if your activity is regulated, such as managing client money, broking or investment advice. Advisory, holding and fintech-support activities use a standard company licence instead. OMC confirms which applies to your specific activity before you file.
Yes. Foreign investors can own financial firms, in the DIFC for regulated activities or on the mainland and in free zones for unregulated ones. We confirm the ownership and capital rules for your route.
The DIFC is a financial free zone with its own regulator, the DFSA, and is the usual home for regulated activities. The mainland and mainstream free zones suit advisory, holding and support activities. The right choice depends on whether your activity is regulated.
Unregulated activities have no special capital requirement beyond the standard setup. Regulated DFSA activities do, and the amount depends on the activity. We give you the requirement for your specific licence at the quote stage.
An unregulated licence is quick once documents are in. A regulated DFSA authorisation takes longer because of the application review, capital and compliance steps. We give you a realistic timeline for your route.
Related services
Free zone company formation
Mainland company setup
Corporate bank account opening
Accounting and bookkeeping