Fintech in DIC
Starting From
AED 15,000
Setup Time
5 Business Days
Visa Quota
5 Visas
Location
Dubai
About Fintech
Setting up a Fintech business in Dubai Internet City 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 DIC has been streamlined significantly, with most financial licences processed within 5 business days. As a free zone entity, you will enjoy 100% foreign ownership with no requirement for a local sponsor. The base licence fee is approximately AED 15,000, making it competitively priced for the services included.
At IBA International, we simplify the process of establishing your fintech business in Dubai Internet City. 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 DIC for Fintech?
Dubai Internet City is widely regarded as one of the UAE's premier destinations for financial businesses, and for good reason.
The jurisdiction offers premier it and tech hub, which is particularly valuable for fintech operations. Additionally, home to global tech companies ensures that your business remains competitive in the regional market. As a free zone entity, your business enjoys complete repatriation of profits and capital, with no currency restrictions on transactions. Office solutions start from AED 12,000 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 5 residency visas, with options to increase this number as your team grows. Strategic Media City cluster further enhances the appeal of DIC for fintech professionals. Furthermore, 100% foreign ownership positions your fintech business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DIC remains an excellent choice for both start-ups and established financial 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.
Visa Requirements for American Nationals
Banking for American Business Owners
Document Attestation for American Nationals
Requirements & Documents
Regulatory Note: Fintech is a regulated activity in the UAE. Additional approval from DFSA/VARA is required. IBA can guide you through the full regulatory process.
Cost Breakdown
| Item | Cost (AED) |
|---|---|
| License Fee | 15,000 |
| Visa Package (per visa) | 5,000 |
| Flexi Desk | 12,000 |
| Shared Office | 20,000 |
| Private Office | 45,000 |
| Estimated Total (Year 1) | From AED 32,000 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Consultation
Free consultation with IBA to discuss your fintech business plan and the best DIC 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 fintech licence application to DIC. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official DIC trade licence within 5–8 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 fintech business is ready to operate in the UAE. IBA provides ongoing PRO, accounting, and compliance support.
Total estimated time: 5 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. DIC allows 100% foreign ownership for all nationalities, including American nationals. No local sponsor or partner is required.
Fintech in Other Jurisdictions
Get Started Today
Ready to set up your fintech in DIC? Our team is here to help.
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By IBA Business Setup Team
Last updated: 26 February 2026
International Business Advisors DMCC has been helping entrepreneurs set up businesses in the UAE since 2004, with 20+ years of hands-on expertise.
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