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

You will need a valid United States passport (minimum 6 months validity), passport-sized photos, proof of address in United States, attested documents via US Department of State / Secretary of State, and a business plan for your financial consultancy venture.

How long does it take for an American citizen to set up a financial consultancy company in Dubai DED?

The complete process — from initial application to trade licence issuance — typically takes 3–6 business days. Adding visa processing and bank account opening, the total timeline is approximately 13–23 business days.

How long does it take to get a Financial Consultancy licence in Dubai DED?

The typical processing time for a financial consultancy licence at Dubai DED is 3 business days, subject to document completeness and any regulatory approvals. As a regulated activity requiring SCA approval, additional time of 1-3 weeks may be required.

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

Your Dubai 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 annual renewal costs for a Financial Consultancy business in Dubai Mainland?

The annual licence renewal for a Financial Consultancy Dubai DED company costs approximately AED 12,000, 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.

Can I get a residence visa with my Financial Consultancy licence from Dubai DED?

Yes, your financial consultancy licence from Dubai DED entitles you to apply for residence visas. The number of visas depends on your office space size — larger offices qualify for more visas. Each visa costs approximately AED 4,500.

Is Dubai Mainland good for financial consultancy start-ups?

Dubai DED is well-suited for both start-ups and established businesses, offering trade anywhere in the uae and government contracts eligibility. Flexible office solutions starting from AED 15,000 per year help keep initial overheads manageable.

Financial Consultancy in Dubai Mainland for American nationals

MainlandProfessionalRegulated Activity

Financial Consultancy in Dubai DED

Starting From

AED 12,000

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Dubai

About Financial Consultancy

Setting up a Financial Consultancy business in Dubai Mainland as an American citizen is a straightforward process when you understand the specific requirements that apply to United States-based entrepreneurs. IBA International has helped hundreds of American business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at Dubai DED has been streamlined significantly, with most professional licences processed within 3 business days. With the recent changes to UAE commercial law, 100% foreign ownership is now available for most mainland activities. The base licence fee is approximately AED 12,000, making it competitively priced for the services included.

At IBA International, we simplify the process of establishing your financial consultancy business in Dubai Mainland. From selecting the right licence type to securing your visa and opening a corporate bank account, our experienced team ensures every detail is handled professionally and efficiently.

Why Dubai DED for Financial Consultancy?

Dubai Mainland is widely regarded as one of the UAE's premier destinations for professional businesses, and for good reason.

The jurisdiction offers trade anywhere in the uae, which is particularly valuable for financial consultancy operations. Additionally, government contracts eligibility 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 8,000 per year for a co-working, making it accessible for businesses of all sizes. No geographic restrictions further enhances the appeal of Dubai DED for financial consultancy professionals. Furthermore, wider business scope positions your financial consultancy business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, Dubai 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 American nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large American business community.

Trade anywhere in the UAE

Government contracts eligibility

No geographic restrictions

Wider business scope

Direct customer access

Visa Requirements for American Nationals

US citizens can enter the UAE visa-free for 30 days. A residence visa is processed after company formation for long-term business operations. Once your financial consultancy licence is issued by Dubai DED, IBA will process your residence visa application, Emirates ID, and medical fitness tests. The entire process typically takes 8–15 business days from licence approval to visa stamping.

Banking for American Business Owners

US nationals face additional FATCA compliance requirements when opening UAE corporate accounts. IBA assists with the additional documentation required. For your financial consultancy business in Dubai DED, IBA recommends opening a corporate account with a bank that has experience serving American business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any United States-specific attestations required.

Document Attestation for American Nationals

American nationals setting up a business in the UAE will need to attest certain documents through US Department of State / Secretary of State. 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 Dubai DED.

Requirements & Documents

1Valid United States passport (minimum 6 months validity)

2Documents attested by US Department of State / Secretary of State

3UAE Embassy attestation from Abu Dhabi

4Passport-sized photographs with white background

5Initial approval from the Department of Economic Development

6Proof of residential address (utility bill or bank statement)

7Detailed business plan or activity description

8Relevant industry experience documentation

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	12,000
Visa Package (per visa)	4,500
Ejari Office	15,000
Co-Working	8,000
Private Office	30,000
Estimated Total (Year 1)	From AED 31,500

* 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 Dubai DED licence options for American nationals.

Document Preparation

Prepare and attest all required documents from United States through US Department of State / Secretary of State and the UAE Embassy.

Licence Application

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

Trade Licence Issued

Receive your official Dubai DED trade licence within 3–6 business days.

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. US citizens can enter the UAE visa-free for 30 days.

Bank Account

Open a corporate bank account. US nationals face additional FATCA compliance requirements when opening UAE corporate accounts.

Start Operations

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

Total estimated time: 3 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, American nationals can own 100% of most mainland business activities including financial consultancy.

Financial Consultancy in Other Jurisdictions

SHAMS

From AED 6,150

RAKEZ

From AED 7,500

DIFC

From AED 12,000

Abu Dhabi DED

From AED 10,000

JAFZA

From AED 16,000

Dubai DED

From AED 12,000

DMCC

From AED 15,300

IFZA

From AED 11,750