What documents does an Egyptian national need to start a fintech business in the UAE?

You will need a valid Egypt passport (minimum 6 months validity), passport-sized photos, proof of address in Egypt, attested documents via Egyptian Ministry of Foreign Affairs, and a business plan for your fintech venture.

How long does it take for an Egyptian citizen to set up a fintech 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 much does it cost to set up a Fintech business in Dubai Mainland?

The total setup cost for a Fintech business in Dubai DED starts from approximately AED 12,000 for the trade licence. Additional costs include visa processing (AED 4,500 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.

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

Your Dubai DED licence can include fintech 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.

Can I open a corporate bank account with my Dubai DED Fintech licence?

Yes, with a valid trade licence from Dubai 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 are the tax implications for a Fintech business in Dubai 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.

Can a foreigner own 100% of a Fintech company in Dubai Mainland?

Yes, following the recent amendments to the UAE Commercial Companies Law, 100% foreign ownership is now permitted for most mainland activities, including fintech. Previously, a local sponsor holding 51% was required, but this is no longer the case.

Fintech in Dubai Mainland for Egyptian nationals

MainlandFinancialRegulated Activity

Fintech in Dubai DED

Starting From

AED 12,000

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Dubai

About Fintech

The UAE continues to attract Egyptian entrepreneurs seeking to tap into the Middle Eastern market, and Dubai DED is one of the most popular jurisdictions for fintech operations. Large Arab expatriate community (~400,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.

Operating from Dubai Mainland gives your Fintech business access to Dubai'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 DFSA/VARA before commencing operations, but IBA's team handles this process seamlessly on your behalf.

IBA International has been helping entrepreneurs set up fintech businesses in Dubai 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 Dubai DED for Fintech?

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

The jurisdiction offers trade anywhere in the uae, which is particularly valuable for fintech 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 fintech professionals. Furthermore, wider business scope positions your fintech 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 financial enterprises looking to expand into the Middle East and North Africa region.

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

Trade anywhere in the UAE

Government contracts eligibility

No geographic restrictions

Wider business scope

Direct customer access

Visa Requirements for Egyptian Nationals

For Egyptian entrepreneurs, the visa process works as follows: Egyptian nationals require a pre-arranged UAE visa. Employment or investor visa is processed through the company after incorporation. IBA handles the complete immigration procedure — from entry permit to residence visa stamping — so you can focus on launching your fintech business in Dubai DED.

Banking for Egyptian Business Owners

Opening a corporate bank account for your fintech company in Dubai DED: Egyptian entrepreneurs can open corporate accounts with standard documentation. Long-standing UAE-Egypt relations facilitate banking processes. IBA has established relationships with major UAE banks and will personally introduce you to relationship managers who understand Egyptian business structures.

Document Attestation for Egyptian Nationals

Document attestation for Egyptian nationals involves: (1) Notarisation in Egypt, (2) Attestation by Egyptian Ministry of Foreign Affairs, (3) UAE Embassy attestation in Dubai. IBA provides a complete attestation checklist specific to fintech businesses to ensure nothing is missed.

Requirements & Documents

1Valid Egypt passport (minimum 6 months validity)

2Documents attested by Egyptian Ministry of Foreign Affairs

3UAE Embassy attestation from Abu Dhabi

4Passport copies of all shareholders and directors (valid for at least 6 months)

5Initial approval from the Department of Economic Development

6Professional qualification certificates or approvals from DFSA/VARA

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

8Completed application form for trade licence

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	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 fintech business plan and the best Dubai DED licence options for Egyptian nationals.

Document Preparation

Prepare and attest all required documents from Egypt through Egyptian Ministry of Foreign Affairs and the UAE Embassy.

Licence Application

Submit the fintech 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. Egyptian nationals require a pre-arranged UAE visa.

Bank Account

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

Start Operations

Your fintech 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, Egyptian nationals can own 100% of most mainland business activities including fintech.

Fintech 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