Licenses are granted by the Dubai Financial Services Authority (“DFSA”) to carry out the Financial service of Dealing in Investments as Principal and arranging Deals in Investments.
Below please find features of the particular license category in more details:
Feature/Category | DIFC CATEGORY License (CAT 3A STP) |
Type of company required to be eligible | DIFC company |
Minimum paid-up statutory capital | USD500,000 |
Main requirements | Physical office, qualified personnel, 1 Senior Executive Officer – UAE resident, Compliance Officer and AML Officer – UAE residents, Internal and External Audit, Accounting, Risk Management |
Timeframe | As regards the timeframe for obtaining the license, a completed application is normally decided upon DFSA approval within 3-4* months from the date of the final filing. * The timeframe to be confirmed. |
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:
1) Opening of operational and clients bank accounts (worldwide).
2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Capital Adequacy calculation
4) Provide outsourced Compliance & AML Support services
5) Provide outsourced Risk Management services
6) Assistance with finding local premises
7) Assistance with Trademark & Brand Name registration
8) Provide in-house trainings/seminars
9) Provide Legal Opinions
10) Provide DPO & GDPR Advisory services
"*" indicates required fields