What documents does a German national need to start a financial consultancy business in the UAE?

You will need a valid Germany passport (minimum 6 months validity), passport-sized photos, proof of address in Germany, attested documents via German Federal Foreign Office / Apostille, and a business plan for your financial consultancy venture.

How long does it take for a German citizen to set up a financial consultancy company in Ajman DED?

The complete process — from initial application to trade licence issuance — typically takes 2–5 business days. Adding visa processing and bank account opening, the total timeline is approximately 12–22 business days.

What are the annual renewal costs for a Financial Consultancy business in Ajman Mainland?

The annual licence renewal for a Financial Consultancy Ajman DED company costs approximately AED 5,000, which covers the trade licence fee. Additional annual costs may include office space rental, visa renewal, and establishment card fees. IBA provides renewal services to ensure uninterrupted business operations.

What documents do I need to set up a Financial Consultancy business in Ajman DED?

The standard documents required include: passport copies of all shareholders, passport-sized photographs, a completed application form, a business plan or activity description, and proof of address. As a regulated activity, you will also need to provide professional qualifications or certifications required by SCA. IBA handles all document preparation and submission on your behalf.

Can I open a corporate bank account with my Ajman DED Financial Consultancy licence?

Yes, with a valid trade licence from Ajman DED, you can open a corporate bank account at any UAE bank. Mainland companies typically have the widest choice of banking partners. IBA assists with introductions and documentation for smooth bank account opening.

What business activities can I include on my Ajman DED licence?

Your Ajman DED licence can include financial consultancy as the primary activity, along with related activities that fall under the same category. Mainland licences can include multiple activities, provided they fall within the same licence category (professional, commercial, or industrial). IBA advises on the optimal activity selection for your business needs.

What are the tax implications for a Financial Consultancy business in Ajman Mainland?

The UAE introduced a 9% corporate tax on profits exceeding AED 375,000 (effective June 2023). Mainland companies are subject to the standard 9% corporate tax rate on taxable profits exceeding AED 375,000. There is no personal income tax in the UAE. VAT at 5% applies to most goods and services.

Financial Consultancy in Ajman Mainland for German nationals

MainlandProfessionalRegulated Activity

Financial Consultancy in Ajman DED

Starting From

AED 5,000

Setup Time

2 Business Days

Visa Quota

0 Visas

Location

Ajman

About Financial Consultancy

The UAE continues to attract German entrepreneurs seeking to tap into the Middle Eastern market, and Ajman DED is one of the most popular jurisdictions for financial consultancy operations. Strong German business community (~15,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Ajman Mainland gives your Financial Consultancy business access to Ajman's world-class infrastructure, including modern office facilities such as ejari office, co-working, private office and excellent connectivity. As a regulated activity, you will need approval from SCA before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up financial consultancy businesses in Ajman Mainland since 2004. Our team of incorporation specialists will guide you through every step, from initial consultation to licence issuance and bank account opening, ensuring a smooth and efficient setup experience.

Why Ajman DED for Financial Consultancy?

Choosing Ajman DED for your financial consultancy business comes with a host of strategic advantages that directly impact your bottom line and growth potential.

The jurisdiction offers most affordable mainland option, which is particularly valuable for financial consultancy operations. Additionally, fast licensing process ensures that your business remains competitive in the regional market. Operating on the mainland allows you to trade directly with the local UAE market without restrictions, and you can bid on government contracts — a significant advantage over free zone entities. Office solutions start from AED 3,000 per year for a co-working, making it accessible for businesses of all sizes. Trade anywhere in the UAE further enhances the appeal of Ajman DED for financial consultancy professionals. Furthermore, strategic northern emirates location positions your financial consultancy business for long-term success in the region. With Ajman continuing to invest in infrastructure and business-friendly regulation, Ajman DED remains an excellent choice for both start-ups and established professional enterprises looking to expand into the Middle East and North Africa region.

For German nationals specifically, the Ajman government has fostered a business-friendly environment with streamlined processes that cater to the large German business community.

Most affordable mainland option

Fast licensing process

Trade anywhere in the UAE

Strategic Northern Emirates location

Low operational costs

Visa Requirements for German Nationals

German nationals can enter the UAE visa-free for 90 days. For business setup, a residence visa is processed after company incorporation. Once your financial consultancy licence is issued by Ajman DED, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 7–14 business days from licence approval to visa stamping.

Banking for German Business Owners

German nationals generally experience smooth corporate bank account opening. Strong German-UAE trade relations facilitate banking processes. For your financial consultancy business in Ajman DED, IBA recommends opening a corporate account with a bank that has experience serving German business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Germany-specific attestations required.

Document Attestation for German Nationals

German nationals setting up a business in the UAE will need to attest certain documents through German Federal Foreign Office / Apostille. This typically includes your passport copy, educational certificates (if applicable for financial consultancy), and any existing business documents. The attestation must then be verified by the UAE Embassy in Abu Dhabi before submission to Ajman DED.

Requirements & Documents

1Valid Germany passport (minimum 6 months validity)

2Documents attested by German Federal Foreign Office / Apostille

3UAE Embassy attestation from Abu Dhabi

4Proof of residential address (utility bill or bank statement)

5Proposed company name (2-3 alternatives)

6Professional qualification certificates or approvals from SCA

7Initial approval from the Department of Economic Development

8Entry stamp or valid UAE visa copy (if applying from within the UAE)

Regulatory Note: Financial Consultancy is a regulated activity in the UAE. Additional approval from SCA is required. IBA can guide you through the full regulatory process.

Cost Breakdown

Item	Cost (AED)
License Fee	5,000
Visa Package (per visa)	3,000
Ejari Office	5,000
Co-Working	3,000
Private Office	10,000
Estimated Total (Year 1)	From AED 13,000

* Costs are indicative and subject to change. Contact IBA for a personalised quote.

Setup Timeline

Consultation

Free consultation with IBA to discuss your financial consultancy business plan and the best Ajman DED licence options for German nationals.

Document Preparation

Prepare and attest all required documents from Germany through German Federal Foreign Office / Apostille and the UAE Embassy.

Licence Application

Submit the financial consultancy licence application to Ajman DED. IBA handles all paperwork and government interactions.

Trade Licence Issued

Receive your official Ajman DED trade licence within 2–5 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. German nationals can enter the UAE visa-free for 90 days.

Bank Account

Open a corporate bank account. German nationals generally experience smooth corporate bank account opening.

Start Operations

Your financial consultancy business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.

Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.

Frequently Asked Questions

Yes. Since the UAE's 2020 Commercial Companies Law amendment, German nationals can own 100% of most mainland business activities including financial consultancy.

Financial Consultancy in Other Jurisdictions

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IFZA

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