Financial consulting license is highly regulated activity in Dubai UAE, Financial consulting required certified financial consultants and special approval from Security commodity authority {SCA} Abu Dhabi to complete the license registration process. Apart of SCA there are different departments who are involved in License issuance, which are, department of economic development, Ministry of economy, Dubai court etc.
Regulations and Licenses
The Company shall meet all regulatory and legal requirements and shall comply to the required parameters while establishing the business and during its business life ahead.
Securities & Commodities Authority (SCA) is the empowered Authority regulating Financial Consultancy and Analysis business in UAE. The Company must approach SCA for issue of a Financial Consultancy and Analysis license as per its regulations and procedures. The company shall commence its business and commercial activities after obtaining suitable License from SCA, trade/commercial licensee from respective DED,of the emirates.
Dubai Business setup: the department of economic development describe the activity as follows.
Financial Analysis & Consultancy
Activity Code: 671901
Activity Group: exchange and financial services
License Type: Professional
Activity Description: Includes firms engaged in providing to the clients or the public recommendations based on studies as well as on economic and financial analysis as regarding feasibility studies, forecasting and predicting current and future values of the commodity prices and contracts, it involves the financial analysis which depends on systematic assessment of the financial statements to evaluate the past, the current and to forecast the future performance of the companies ,also, assessing securities and commodities and their contracts, price trends, transactions volumes, in order to enable making decisions.
A company applying for a license shall provide the following.
Share capital : the company has to maintain the share capital of AED 1 million
Shareholding : minimum of 51% share should be with the UAE national
the company has the required qualified technical and administrative personnel to practice the business of financial consultation and financial analysis. { certified SCA consultants}
Business plan is the most important part of the process, which has to be prepared in both English and Arabic, the following are the most important factors to be considered,
- The Size of demand with respect to the company’s services.
- Current and prospective, competitors
- Level of competition,
- Market share of competitors Vs. the expected market share of the applicant for the coming three years.
- Gap analysis for supply and demand, with respect to the services to be provided.
- Target clients
we are specialized in preparing the business plan for SCA and all type of Business setup. please get in touch with us to know more about it.
the following are the activities allowed under this license.
- Financial Statements and Performance Analysis
- Market Research, Analysis, Price Trends and Forecasts
- Feasibility Studies
- Consulting on Securities, Commodities and related Contracts
- Investment Portfolio Modeling
- Financial Advisory Services
- Financial Planning
- Investment Consulting
There are only a few licensed companies in Dubai who are legally authorized to advice the financial market.
I have been incorporating companies in Dubai since last 7 years and have done Financial consulting licenses in Dubai,
To know more about the process please get in touch with us .