How to get Financial Consultancy License in Dubai?
Financial consulting requires certified financial consultants as well as special approval from SCA (Security commodity authority) Abu Dhabi to complete the license registration procedure.
- Department of Economic Development,
- Ministry of economy,
- Dubai court etc.
- Securities & Commodities Authority (SCA) is the authorized Authority regulating Financial Consultancy and Analysis business in UAE.
- The Company must approach SCA for the issue of a Financial Consultancy and Analysis license as per its regulations.
- The company shall begin its business and commercial activities after obtaining a suitable License from SCA, trade/commercial license from respective DED of the Emirates.
The Department of Economic Development describes the following:
Activity: Financial Analysis & Consultancy
License Type: Professional
Activity Description: It involves the financial analysis which depends on a systematic assessment of the financial statements to evaluate the past, the current and to forecast the future performance of the companies also measuring securities and commodities and their contracts, price trends, transaction volumes, to enable making decisions.
What are the activities that are allowed under this license?
- Investment Consulting
- Financial Statements and Performance Analysis
- Feasibility Studies
- Market Research, Analysis, Price Trends and Forecasts
- Investment Portfolio Modeling
- Consulting on Securities, Commodities and related Contracts
- Financial Advisory Services
- Financial Planning
A company that is applying for a license must provide the following:
Share capital: The Company has to maintain the share capital of 1 million Dirham
Shareholding: A Minimum of 51% share must be with the UAE national/ Emirati
Qualified technical and administrative: The qualified technical and administrative personnel required for the company to practice the business of financial consultation and financial analysis
Business plan: It has to be prepared in both English and Arabic, which is the most important part of the process.
We at MSZ Consultancy, we are specialized in preparing the business plan for SCA and all type of Business setup. Get your financial consultancy license today! Contact +971562181007 or drop a mail to email@example.com