What documents does a Filipino national need to start a fintech 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 fintech venture.

How long does it take for a Filipino citizen to set up a fintech 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 Fintech licence in Sharjah DED?

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

What are the tax implications for a Fintech 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.

What documents do I need to set up a Fintech business in Sharjah 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 DFSA/VARA. IBA handles all document preparation and submission on your behalf.

What are the annual renewal costs for a Fintech business in Sharjah Mainland?

The annual licence renewal for a Fintech Sharjah DED company costs approximately AED 7,500, 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.

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

Most of the setup process for a fintech 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.

Fintech in Sharjah Mainland for Filipino nationals

MainlandFinancialRegulated Activity

Fintech in Sharjah DED

Starting From

AED 7,500

Setup Time

3 Business Days

Visa Quota

0 Visas

Location

Sharjah

About Fintech

Setting up a Fintech business in Sharjah Mainland as a Filipino citizen is a straightforward process when you understand the specific requirements that apply to Philippines-based entrepreneurs. IBA International has helped hundreds of Filipino business owners navigate the licensing, visa, and banking procedures unique to their nationality.

The licensing process at Sharjah DED has been streamlined significantly, with most financial 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 7,500, making it one of the most affordable options in the UAE.

At IBA International, we simplify the process of establishing your fintech business in Sharjah 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 Sharjah DED for Fintech?

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

The jurisdiction offers cost-effective setup, which is particularly valuable for fintech 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 fintech professionals. Furthermore, industrial areas available positions your fintech 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 financial 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 fintech 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 fintech 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 fintech), 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

5Entry stamp or valid UAE visa copy (if applying from within the UAE)

6Proposed company name (2-3 alternatives)

7Proof of residential address (utility bill or bank statement)

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

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	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 fintech 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 fintech 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 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, Filipino 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