Money Exchange in DMCC
Starting From
AED 15,300
Setup Time
3 Business Days
Visa Quota
3 Visas
Location
Dubai
About Money Exchange
The UAE continues to attract Canadian entrepreneurs seeking to tap into the Middle Eastern market, and DMCC is one of the most popular jurisdictions for money exchange operations. Growing Canadian business community (~40,000), which means you will find an established support network, community events, and nationality-specific resources to help your business thrive.
Operating from Dubai Multi Commodities Centre gives your Money Exchange business access to Dubai's world-class infrastructure, including modern office facilities such as flexi desk, shared office, private office and excellent connectivity. As a regulated activity, you will need approval from Central Bank of UAE before commencing operations, but IBA's team handles this process seamlessly on your behalf.
IBA International has been helping entrepreneurs set up money exchange businesses in Dubai Multi Commodities Centre 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 DMCC for Money Exchange?
Choosing DMCC for your money exchange business comes with a host of strategic advantages that directly impact your bottom line and growth potential.
The jurisdiction offers 100% foreign ownership, which is particularly valuable for money exchange operations. Additionally, zero corporate and income tax 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 6,300 per year for a flexi desk, making it accessible for businesses of all sizes. The standard licence includes a visa quota of 3 residency visas, with options to increase this number as your team grows. Strategic JLT location further enhances the appeal of DMCC for money exchange professionals. Furthermore, world's leading free zone positions your money exchange business for long-term success in the region. With Dubai continuing to invest in infrastructure and business-friendly regulation, DMCC remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
For Canadian nationals specifically, the Dubai government has fostered a business-friendly environment with streamlined processes that cater to the large Canadian business community.
Visa Requirements for Canadian Nationals
Banking for Canadian Business Owners
Document Attestation for Canadian 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 | 15,300 |
| Visa Package (per visa) | 5,200 |
| Flexi Desk | 6,300 |
| Shared Office | 12,000 |
| Private Office | 30,000 |
| Estimated Total (Year 1) | From AED 26,800 |
* 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 DMCC licence options for Canadian nationals.
Document Preparation
Prepare and attest all required documents from Canada through Global Affairs Canada / Provincial Authentication and the UAE Embassy.
Licence Application
Submit the money exchange licence application to DMCC. IBA handles all paperwork and government interactions.
Trade Licence Issued
Receive your official DMCC trade licence within 3–6 business days.
Visa Processing
Process your UAE residence visa, Emirates ID, and medical fitness. Canadian nationals can enter the UAE visa-free for 30 days.
Bank Account
Open a corporate bank account. Canadian 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: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes. DMCC allows 100% foreign ownership for all nationalities, including Canadian nationals. No local sponsor or partner is required.
Money Exchange in Other Jurisdictions
Get Started Today
Ready to set up your money exchange in DMCC? Our team is here to help.
SPEAK TO AN ADVISORWHATSAPP USQuick Facts
Official Source
www.dmcc.ae ↗Popular in DMCC
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.
Ready to Start Your Money Exchange?
Get a personalised quote for setting up your money exchange in DMCC. Our advisors are ready to guide you through every step.