1. Home
  2. Regulated License in Abu Dhabi (Banking & Financial Services License)

Regulated License in Abu dhabi (Banking & Financial Services License)

The UAE has risen as a global hub due to significant advancements in banking, financial, and corporate services over recent decades. Various regulators oversee and authorize banking and financial institutions, enhancing Abu Dhabi’s status as a pivotal location within the UAE. The Dubai Financial Services Authority (DFSA) regulates financial operations within the Dubai International Financial Centre (DIFC), while the Financial Services Regulatory Authority (FSRA) supervises the Abu Dhabi Global Market (ADGM). The UAE Central Bank oversees onshore banking and lending operations. As a global hub for trade, tourism, and diverse industries, the UAE continues to attract a growing number of financial and banking institutions. The introduction of new regulations on digital currencies further positions the UAE as a highly favored jurisdiction for financial services.

Dubai International Financial Centre (DIFC)

 Established in 2004, the Dubai International Finance Centre (DIFC) is a highly sought-after jurisdiction for obtaining financial and banking licenses. Over the years, it has become the preferred location for leading banks, financial institutions, and insurance companies, catering to a diverse clientele within the region. DIFC operates under international law, attracting global investors who seek to establish their presence there. It oversees the strategic growth, operational management, and administration of Dubai’s financial enterprises.

Read More about DIFC

Abu Dhabi Global Market (ADGM)

Founded in 2015, the Abu Dhabi Global Market (ADGM) is a renowned international financial center situated on Al-Maryah Island in the United Arab Emirates (UAE). Established as a Financial Free Zone (FFZ) by Federal Decree No. (15) of 2013, ADGM operates under UAE laws, including Abu Dhabi Law No. 4 of 2013 governing the ADGM. It has garnered recognition and awards for its role in promoting financial services and fostering economic development in Abu Dhabi.

Read more about ADGM

Central Bank of UAE (CBUAE)

 Founded in 1980, the Central Bank of the United Arab Emirates (CBUAE) is responsible for overseeing the country’s monetary system, fiscal policies, and banking supervision. The bank, jointly owned by Dubai and Abu Dhabi, issues the UAE dirham, the national currency of the Emirates. CBUAE ensures consumer protection through effective oversight, adhering to internationally recognized quality standards and enhancing the stability of the UAE’s financial environment.

Read more about Central Bank

Schedule a Consultation

Frequently Asked Questions – Regulated License

How do I set up an insurance advisory firm in Abu Dhabi?

To establish an insurance business in Abu Dhabi, you first need to register with the Dubai Economic Department and obtain a license from the Insurance Authority. The type of services you plan to offer will determine the specific operating license you require.

What is the process for applying for a regulated license in DIFC?

Applying for a regulated license in the Dubai International Financial Centre (DIFC) involves several stages. You must comply with regulatory requirements set by the DIFC to conduct business in Dubai. It is mandatory for any company operating within the DIFC to obtain a license from its regulatory authorities.

How can I establish a crowdfunding platform in Abu Dhabi?

Setting up a crowdfunding platform in Abu Dhabi involves formulating a detailed project plan. You need to clearly define your project’s purpose and objectives to effectively engage potential donors or investors through online platforms.

What are the steps to register a private equity firm in DIFC?

Registering a private equity firm in the DIFC requires completing an application form, providing comprehensive company information, and paying registration fees through designated banking channels.

What is required to set up a financial services company in Abu Dhabi?

To establish a financial services company in Abu Dhabi, you must meet specific capital requirements and register with the relevant authorities. Essential documents such as a certified passport copy, trading license, and memorandum of association are also necessary.

How do I obtain a regulated license in ADGM?

To obtain a regulated license in the Abu Dhabi Global Market (ADGM), you should consult with ADGM’s licensing and regulatory services. They will guide you through the process based on the nature of your product or service.

What are the procedures for obtaining a regulated license in the UAE?

The UAE has established a rigorous regulatory environment for issuing licenses. Businesses must register with the central bank and enter into a Memorandum of Understanding (MoU) with the Dubai International Financial Centre Authority (DIFCA) to conduct activities, including foreign currency transactions.

How can I establish a representative office in Abu Dhabi?

A Representative Office in Abu Dhabi is permitted to conduct limited marketing activities for financial services or products offered by related entities outside the DIFC. Activities allowed include providing information, engaging in financial promotions, and making introductions or referrals.

What is involved in obtaining a technology license in DIFC?

The DIFC issues technology licenses to companies within the digital sector through a structured licensing framework. Applicants must meet specific criteria aimed at fostering innovation and entrepreneurship in various technological domains.

How do I obtain central bank approval for a regulated license in UAE?

To secure central bank approval for a regulated license in the UAE, financial institutions must submit detailed plans outlining financial strategies, risk management frameworks, and operational controls in compliance with local and international standards.

What are the requirements for registering a foundation in DIFC?

Foundations in the Dubai International Financial Centre (DIFC) can be registered as private or public entities, each with distinct operational and registration requirements. Approval is granted based on the foundation’s objectives, activities, and contributions to the DIFC community.

These answers provide a structured overview of setting up various financial and business entities within Abu Dhabi and Dubai, outlining the regulatory processes and requirements involved.

Reach out to start a conversation

Paul Varghese

Neethu Mahesh

Featured insights

Latest insights, case studies and news from
across the network

How can we help you?

Please provide the following details along with your message so we may appropriately assist you. We will protect your personal information in accordance with our Privacy Statement.

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.