Your Roadmap to Achieving and Maintaining Financial Compliance in the UAE

The UAE’s financial sector is governed by stringent regulatory standards to ensure stability, transparency, and investor confidence. Businesses seeking to operate in the Dubai International Financial Centre (DIFC) or the broader UAE financial market must obtain a license from either the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA). 

At ComplyPort, we specialise in securing DFSA & SCA authorisations, guiding firms through the complex regulatory process with efficiency, accuracy, and compliance assurance. 

Understanding the UAE’s Financial Regulatory Framework 

DFSA Licensing – Operating in the DIFC 

The Dubai Financial Services Authority (DFSA) is an independent regulator that oversees all financial services within the Dubai International Financial Centre (DIFC). Firms intending to offer banking, investment, asset management, fintech, or advisory services in DIFC must obtain a DFSA license. 

DFSA License Categories 

DFSA licenses are issued based on the risk and scope of financial activities: 

• Category 1: Banks (deposit-taking, credit services) 

• Category 2: Non-deposit-taking financial services (e.g., principal dealing, credit provision) 

• Category 3: Investment firms and asset managers (e.g., fund management, market making) 

• Category 4: Advisory and arranging activities (e.g., investment advisory, corporate finance) 

• Category 5: Fund Administration & Trust Services (e.g., managing funds, trustee services, acting as fund administrator) 

Each category comes with capital adequacy requirements, governance expectations, and compliance obligations. 

The DFSA Licensing Process 

✔ Pre-Application Consultation – Engaging with DFSA to ensure alignment on the business model and regulatory expectations. 
✔ Application Preparation & Submission – Drafting the Regulatory Business Plan (RBP), financial projections, and compliance framework. 
✔ Regulatory Review & Fit & Proper Assessment – Assessing key personnel, internal controls, and risk management procedures. 
✔ Approval & Post-Licensing Compliance – Ensuring adherence to ongoing AML/KYC policies, risk reporting, and regulatory inspections. 

SCA Licensing – Operating in Onshore UAE 

SCA licenses are issued based on the type of financial activities conducted in onshore UAE and free zones: 

• Securities Brokerage License – Trading securities on behalf of clients, executing buy/sell orders. 

• Financial Consultancy & Investment Advisory License – Providing investment advice, research, and market analysis. 

• Fund Management License – Managing mutual funds, private equity funds, and real estate funds. 

• Asset Management License – Managing investment portfolios for individuals and institutional clients. 

• Market Making License – Providing liquidity by actively buying and selling securities. 

• Custody Services License – Holding and safeguarding securities on behalf of investors. 

• Crowdfunding Platform License – Facilitating equity or debt-based crowdfunding services. 

Each category comes with specific capital requirements, compliance obligations, and governance standards, ensuring regulatory adherence in the UAE’s financial sector. 

The SCA Licensing Process 

✔ Determining the Right License – Advising on license type and regulatory obligations based on the business model. 
✔ Application & Documentation Support – Preparing the business plan, risk framework, and compliance manuals. 
✔ Regulatory Submission & Review – Managing communication with SCA, responding to queries, and ensuring approval. 
✔ Post-Licensing Compliance – Supporting firms in ongoing risk management, audits, and reporting requirements. 

Why Choose ComplyPort? 

✔ Industry Experts – Extensive experience in DFSA & SCA regulatory frameworks. 
✔ End-to-End Licensing Support – From pre-application consultation to post-licensing compliance. 
✔ Minimised Risk & Delays – A proactive approach ensuring smooth regulatory approval. 
✔ Comprehensive Compliance Solutions – Covering AML, risk, governance, and reporting obligations. 

📞 Start Your DFSA/SCA Licensing Journey Today! 
Operating DFSA & SCA regulations can be complex, but with ComplyPort, your firm gains a trusted partner in securing its financial services license in Dubai. 

👉 Schedule a Consultation