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Capital Markets Authority (CMA) Licensing
The UAE offers a well-regulated environment for financial services firms seeking regional growth and international client access. The Capital Markets Authority (CMA) in the UAE, previously referred as the Securities and Commodities Authority (SCA), is responsible for the regulation, supervision, and development of the financial markets sector in the UAE. Licensing is governed under UAE federal securities laws and regulations, ensuring transparency, investor protection, and market integrity.
For businesses looking to market financial services, introduce clients to regulated institutions, or provide arrangement and advisory activities, the Category 5 “Arranging and Advice” license provides a clear regulatory pathway.
Deneo Partners has extensive experience in supporting firms seeking regulatory approval in the UAE. Through our in-depth understanding of the regulatory framework and strong working knowledge of the requirements set by the Capital Markets Authority, we provide efficient licensing process and compliant presence in the UAE financial market.
Requirements:
- Minimum initial capital of AED 500,000 (c. $136,000)
- Minimum of 1 to 2 Directors depending on the Licensed Activities
- Main local personnel
- Local incorporated entity in Dubai or Abu Dhabi
- External auditor for audited accounts submission
- Onsite visit required by the CMA
- Approved jobs/functions by the Authority
- Outsourcing of certain functions
Deneo Partners licensing services:
*Application timeframe is up to 7 months from application submission
Outsourced Compliance Services
You can engage external Compliance and AML support services through approved professionals of Deneo Partners (UAE).
Under the applicable UAE regulatory framework, licensed entities are required to appoint a Head of Compliance Officer who must be approved by the Authority and remain directly accountable for the firm’s compliance function. While the responsibility for compliance cannot be fully outsourced, firms may engage qualified external providers to support or supply the Compliance Officer function, subject to regulatory approval.
It is a requirement by the Capital Markets Authority for applicants and licensees to ensure that the Compliance and AML function is carried out by a fit and proper, experienced, and regulator-approved individual, typically based in the UAE. This requirement may also be satisfied by individuals holding a valid Emirates residency visa. Firms may fulfil this obligation by appointing an inhouse Compliance Officer or by outsourcing the compliance and AML function to specialized providers.
Our competent and experienced Compliance Officers meet the qualification and standards expected by the Capital Markets Authority and can be appointed (subject to approval) to perform the Compliance function, or to support your internal compliance framework.
Some of the functions to be offered by the Compliance Officer:
- Ensuring compliance with applicable UAE laws, regulations, and regulatory directives
- Overseeing the implementation and maintenance of internal policies and procedures
- Acting as liaison and coordinating communication with the Capital Markets Authority and other competent authorities
- Monitoring reporting obligations and ensuring timely submission of regulatory filings
- Providing ongoing compliance and AML advisory support
- Supporting the firm in identifying and managing regulatory risks
- Notifying the Licensee of any developments that may impact the effective performance of compliance obligations
- Cooperating with the regulator and relevant authorities in connection with compliance and AML matters
Offices
We assist clients in establishing a suitable office presence in the UAE, as required by the Capital Markets Authority for licensed entities.
We support the sourcing and setup of office premises that meet regulatory expectations for conducting business operations. This includes ensuring the office is appropriately equipped for day-to-day activities and regulatory compliance.
CMA Requirements:
- Maintain an appropriate physical office in the UAE
- Records to be accessible and available through UAE
- Ensure the office is suitable for conducting licensed activities
- Allow regulatory access to premises and records when required
Examples of existing clients’ offices:
About United Arab Emirates
Global financial hub at the crossroads of international markets.
The United Arab Emirates has rapidly evolved into one of the world’s leading jurisdictions for financial services firms seeking to establish a strong regional and international presence.
Strategically located between East and West, the UAE consists of seven emirates and serves as a gateway connecting Europe, Asia, and Africa. Its key financial centres, including Dubai and Abu Dhabi, are recognized globally for their advanced infrastructure and business-friendly environment.
Its capital, Abu Dhabi, is the political centre of the federation, while Dubai stands as a major international financial and commercial hub.
In addition to its modern infrastructure and high quality of life, the UAE offers political stability, a pro-business regulatory framework, tax efficiency, and a highly diversified economy, making it an attractive destination for financial institutions and investors seeking long-term growth and regional expansion.
Geography
- Prime location along major hubs in Europe, Africa, Middle East and Asia
- Stable, mostly sunny and humid climate
- Reached by plane, with one international airport and two domestic, and by six ports
- Convenient time zone of GMT +4
Economy
- One of the largest and most diversified economies in the Middle East
- National currency is UAE Dirham (AED), pegged to the US Dollar
- Strong sectors including financial services, trade, logistics, energy, and technology
- No personal income tax and competitive corporate tax framework (generally 9% on taxable profits)
- Globally recognized financial hubs such as Dubai International Financial Centre and Abu Dhabi Global Market
- Stable banking system and strong regulatory oversight
Culture
- Highly skilled, international, and multilingual workforce
- High standard of living with world-class healthcare and education
- Advanced infrastructure across telecommunications, banking, and professional services
- Wide range of commercial and residential real estate options
- Business-friendly environment with strong government support for foreign investment
