Fintech in Sharjah DED
Starting From
AED 7,500
Setup Time
3 Business Days
Visa Quota
0 Visas
Location
Sharjah
About Fintech
As a Russian national looking to establish a Fintech business in Sharjah Mainland, the UAE offers one of the most welcoming environments for international entrepreneurs. Russia has strong bilateral trade relations with the UAE, and thousands of Russian professionals have already successfully set up businesses across the emirates.
As a mainland entity regulated under Sharjah's commercial laws, your Fintech 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 fintech 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 Fintech?
There are several compelling reasons why Sharjah Mainland continues to attract fintech entrepreneurs from around the world.
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 Russian nationals specifically, the Sharjah government has fostered a business-friendly environment with streamlined processes that cater to the large Russian business community.
Visa Requirements for Russian Nationals
Banking for Russian Business Owners
Document Attestation for Russian 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 | 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 Russian nationals.
Document Preparation
Prepare and attest all required documents from Russia through Russian Ministry of Foreign Affairs / Apostille 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. Russian nationals can obtain a UAE visa on arrival for 90 days.
Bank Account
Open a corporate bank account. Russian entrepreneurs may face additional compliance requirements due to international regulations.
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, Russian nationals can own 100% of most mainland business activities including fintech.
Fintech in Other Jurisdictions
Get Started Today
Ready to set up your fintech in Sharjah DED? Our team is here to help.
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Official Source
www.sharjah.gov.ae ↗Popular in Sharjah DED
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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