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Start a Fintech Company in Dubai

Dubai is a thriving hub for both technology and financial services. This makes it the center of the regionu2019s fintech industry. This industry majorly aims to provide the full range of financial services through digital means in order to modify, enhance, and automate financial services for consumers or businesses. Considering the market growth potential and the tech-savvy population, it is always a good idea to start a fintech company in Dubai and avail the generous advantages offered by the country. The expert team of Shuraa can assist across all processes involved in fintech businessu00a0setupu00a0inu00a0

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Start a Fintech Company in Dubai

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  1. START A FINTECH COMPANY IN DUBAI

  2. From the past few years, Dubai is quickly becoming a global hub for technology and innovation, making it the perfect place to launch your fintech company. The city has everything it needs from strong buildings, smart leaders, to a great spot between the East and the West. Fintech companies are businesses that use technology to improve and automate financial services. They are often seen as disruptors of the traditional financial industry, as they use technology to provide financial services that are more convenient, efficient, and affordable. Therefore, if you are interested to start a fintech company in Dubai, you’ve come to the right place. Here we will guide you through countless opportunities for fintech startups in Dubai. We will help you learn the step-by-step process to establish a Fintech company in Dubai.

  3. Understanding the Fintech Business in Dubai The Dubai fintech business landscape is a vibrant and dynamic ecosystem that is constantly evolving. The emirate is well-positioned to become a leading global hub for fintech innovation. Collaborations financial institutions, technology startups, and research environment ripe for innovation. The emirate is home to over 80 fintech startups, making it one of the leading fintech hubs in the Middle East and North Africa (MENA) region. The Dubai International Financial Centre (DIFC) is a major driver of this growth, as it provides a supportive regulatory environment and a wide range of financial services and infrastructure. between government bodies, institutions have created an

  4. KEY TRENDS IN DUBAI FINTECH BUSINESS : Digital payments RegTech InsurTech Blockchain : Here are some of the key players in the Dubai fintech landscape: DIFC Fintech Hive Emerging Payments Fintech Dubai NOW Money The Dubai expected to continue to grow in the coming years. The emirate has several advantages that make it an attractive place for fintech businesses. fintech landscape is

  5. Supportive regulatory environment 100% Ownership Global Business Hub The Authority (DFSA) is a forward- thinking regulator supportive of innovation in the fintech space. several initiatives in place to help fintech startups, Innovation Testing License (ITL), which allows startups to test their products and controlled environment. Dubai Financial Services Foreign investors are allowed to own 100% of a fintech company in Dubai, which gives you full control over your business. The city’s status as a global business hub opens doors to potential investors, and clients from around the world. that is partners, The DFSA has including the services in a

  6. Skilled workforce Large and growing market The UAE is a rapidly growing economy with a young and tech-savvy provides a large and growing market for fintech products and services. Dubai has a skilled workforce with a strong background in finance and technology. This makes it easy to find the talent you need to build and grow your fintech business. population. This Cultural Diversity The city’s opportunities fintech solutions segments. Favorable tax regime diverse for population testing for various creates adapting market The UAE has a favorable tax regime for businesses, including fintech startups. This can help you save money and grow your business more quickly. and

  7. BUSINESS STRUCTURING AND PLANNING 1. Free zone company 2. Mainland company A mainland company is a company that is registered in the UAE’s mainland. Mainland companies are subject to UAE law and regulations, but they also have access to the UAE’s domestic market. Mainland companies often carry more credibility and trust customers. Mainland companies are a good option for fintech companies that are targeting the UAE’s domestic market or that need to have a physical presence in the UAE. A free zone company is a company that is registered in a free zone, which is a special economic zone that offers several benefits to businesses, such as 100% foreign exemptions, and simplified registration procedures. Free zones are a good option for fintech companies that are targeting the international market or that need to operate outside of the UAE’s mainland. ownership, tax among local

  8. Setting up a fintech company in Dubai involves several steps, from business planning to obtaining licenses and registrations. Here’s a step-by-step procedure to guide you through the entire process to obtain fintech company license in Dubai hassle-free. 01 Choose a business structure 05 Register for Visas Set up your office 06 02 Register your fintech company Obtain the necessary licenses and permits 03 07 Compliance and Regulation 04 08 Open a Bank Account Market your business

  9. Cost of Setting Up Fintech Company in Dubai The starting price of obtaining a fintech company license in Dubai is around AED 16,000 (US$ 4,400). However, the cost of license depends on the type of license you apply for and the free zone or regulatory authority you choose. The exact cost will depend on the specific requirements of your business.

  10. Starting a fintech company in Dubai can be a daunting task, but it is also an exciting opportunity. The UAE is a rapidly growing market with a young and tech-savvy population, making it an ideal place to launch a fintech business. If you are an aspiring fintech entrepreneur, we encourage you to not be discouraged. The rewards can be great, but it is important to do your research and get professional help. Consulting a business setup advisor can be essential for the process, as they can help you navigate the legal and regulatory landscape and ensure that you are compliant with all the necessary requirements. Shuraa Business Setup is a leading business setup consultant in Dubai, UAE with over 22 years of experience. We have assisted over 50,000 entrepreneurs in establishing their businesses in the UAE. Our team of experts can provide you with comprehensive support for every step of your journey, from company registration and licensing to office space solutions and PRO services. Grow Your Business with Shuraa

  11. THANK YOU +971 44081900, +971 507775554 info@shuraa.com www.shuraa.com Sheikh Zayed Road, Office 501, 5th floor, Aspin Commercial Tower, Dubai, UAE

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