Banking, Investment business, Money exchange houses are regulated by the Central Bank of the UAE. Company or individuals cannot carry out the financial services activities unless they obtain regulatory license to conduct such activities from the Central Bank of the UAE. Companies interested in setting up these activities should approach the Central Bank. The Laws and regulations, licensing procedures pertaining to Central Bank licensing should be obtained from the Central Bank of the UAE.
Activities pertaining to securities market, mutual funds, brokerages etc are regulated by Emirates Securities and Commodities Authority (ESCA)
Activities of Insurance, Reinsurance, Insurance intermediaries, and professionals associated with the Insurance industries are regulated and supervised by Insurance Authority of the UAE.
Individuals and firms that cater specifically to Professional clients can carry out the financial services either from Dubai International Financial Center (DIFC), or the Abu Dhabi Global Market (ADGM). The DIFC & ADGM are onshore Financial Centres, providing secure and efficient platforms for Financial Institutions to operate from.
Abu Dhabi Global Market (ADGM) is a broad-based international financial centre for local, regional and international institutions. ADGM operates as a Financial Free Zone within the UAE with its own civil and commercial laws as well as its own financial services regulator, the Financial Services Regulatory Authority (FSRA).
Find out more: Business Setup in the ADGM
DIFC is a global financial centre, providing a stable and secure platform for businesses and financial institutions to tap into the emerging markets of the Middle East, Africa and South Asia. The DIFC is a Financial Free Zone within the UAE with its own civil and commercial laws as well as its own financial services regulator, the Dubai Financial Services Authority (DFSA).
Find out more: Business Setup in the DIFC