Money Exchange in DMC
Starting From
AED 15,000
Setup Time
5 Business Days
Visa Quota
5 Visas
Location
Dubai
About Money Exchange
Setting up a Money Exchange business in Dubai Media City as an Australian citizen is a straightforward process when you understand the specific requirements that apply to Australia-based entrepreneurs. IBA International has helped hundreds of Australian business owners navigate the licensing, visa, and banking procedures unique to their nationality.
The licensing process at DMC 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 money exchange business in Dubai Media 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 DMC for Money Exchange?
Dubai Media City is widely regarded as one of the UAE's premier destinations for financial businesses, and for good reason.
The jurisdiction offers middle east media hub, which is particularly valuable for money exchange operations. Additionally, home to international media houses 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. Full media production ecosystem further enhances the appeal of DMC for money exchange professionals. Furthermore, 100% foreign ownership positions your money exchange business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DMC remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
For Australian nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Australian business community.
Visa Requirements for Australian Nationals
Banking for Australian Business Owners
Document Attestation for Australian Nationals
Requirements & Documents
Regulatory Note: Money Exchange is a regulated activity in the UAE. Additional approval from Central Bank of UAE 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 money exchange business plan and the best DMC licence options for Australian nationals.
Document Preparation
Prepare and attest all required documents from Australia through Australian Department of Foreign Affairs and Trade and the UAE Embassy.
Licence Application
Submit the money exchange licence application to DMC. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official DMC trade licence within 5–8 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Australian nationals can enter the UAE visa-free for 30 days.
Bank Account
Open a corporate bank account. Australian nationals generally experience smooth corporate bank account opening.
Start Operations
Your money exchange 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. DMC allows 100% foreign ownership for all nationalities, including Australian nationals. No local sponsor or partner is required.
Money Exchange in Other Jurisdictions
Get Started Today
Ready to set up your money exchange in DMC? 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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