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

You will need a valid Philippines passport (minimum 6 months validity), passport-sized photos, proof of address in Philippines, attested documents via Department of Foreign Affairs (DFA), and a business plan for your financial consultancy venture.

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

The typical processing time for a financial consultancy licence at Sharjah 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.

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

Yes, with a valid trade licence from Sharjah 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 Sharjah DED licence?

Your Sharjah 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 Sharjah 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.

Do I need to be physically present in the UAE to set up a Financial Consultancy company in Sharjah DED?

Most of the setup process for a financial consultancy business in Sharjah DED can be completed remotely, with documents submitted online or via courier. However, you may need to visit the UAE for Emirates ID biometrics and bank account opening. IBA can coordinate to minimise your required visits.

Financial Consultancy in Sharjah Mainland for Filipino nationals

MainlandProfessionalRegulated Activity

Financial Consultancy in Sharjah DED

Starting From

AED 7,500

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Sharjah

About Financial Consultancy

As a Filipino national looking to establish a Financial Consultancy business in Sharjah Mainland, the UAE offers one of the most welcoming environments for international entrepreneurs. Philippines has strong bilateral trade relations with the UAE, and thousands of Filipino professionals have already successfully set up businesses across the emirates.

As a mainland entity regulated under Sharjah's commercial laws, your Financial Consultancy business will benefit from cost-effective setup and adjacent to dubai. The Sharjah DED licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 7,500.

With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your financial consultancy setup in Sharjah DED. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.

Why Sharjah DED for Financial Consultancy?

There are several compelling reasons why Sharjah Mainland continues to attract financial consultancy entrepreneurs from around the world.

The jurisdiction offers cost-effective setup, which is particularly valuable for financial consultancy operations. Additionally, adjacent to dubai 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 4,000 per year for a co-working, making it accessible for businesses of all sizes. Trade across the UAE further enhances the appeal of Sharjah DED for financial consultancy professionals. Furthermore, industrial areas available positions your financial consultancy business for long-term success in the region. With Sharjah continuing to invest in infrastructure and business-friendly regulation, Sharjah 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 Filipino nationals specifically, the Sharjah government has fostered a business-friendly environment with streamlined processes that cater to the large Filipino business community.

Cost-effective setup

Adjacent to Dubai

Trade across the UAE

Industrial areas available

Growing business hub

Visa Requirements for Filipino Nationals

Filipino nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. Once your financial consultancy licence is issued by Sharjah 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 Filipino Business Owners

Filipino entrepreneurs can open corporate accounts with standard documentation. A solid business plan helps expedite the process. For your financial consultancy business in Sharjah DED, IBA recommends opening a corporate account with a bank that has experience serving Filipino business owners. We will prepare your banking file including the trade licence, shareholder documents, business plan, and any Philippines-specific attestations required.

Document Attestation for Filipino Nationals

Filipino nationals setting up a business in the UAE will need to attest certain documents through Department of Foreign Affairs (DFA). 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 Sharjah DED.

Requirements & Documents

1Valid Philippines passport (minimum 6 months validity)

2Documents attested by Department of Foreign Affairs (DFA)

3UAE Embassy attestation from Abu Dhabi

4Passport-sized photographs with white background

5Professional qualification certificates or approvals from SCA

6Initial approval from the Department of Economic Development

7Entry stamp or valid UAE visa copy (if applying from within the UAE)

8Office tenancy contract (Ejari) for the registered business address

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	7,500
Visa Package (per visa)	3,500
Ejari Office	8,000
Co-Working	4,000
Private Office	15,000
Estimated Total (Year 1)	From AED 19,000

* 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 Sharjah DED licence options for Filipino nationals.

Document Preparation

Prepare and attest all required documents from Philippines through Department of Foreign Affairs (DFA) and the UAE Embassy.

Licence Application

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

Trade Licence Issued

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

Visa Processing

Process your UAE residence visa, Emirates ID, and medical fitness. Filipino nationals require a pre-arranged UAE visa.

Bank Account

Open a corporate bank account. Filipino entrepreneurs can open corporate accounts with standard documentation.

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, Filipino 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