Money Exchange in Fujairah DED
Starting From
AED 6,000
Setup Time
3 Business Days
Visa Quota
0 Visas
Location
Fujairah
About Money Exchange
Entrepreneurs seeking to start a Money Exchange business in the UAE will find Fujairah Mainland to be one of the most attractive jurisdictions, thanks to its strategic location and comprehensive support services.
Operating from Fujairah Mainland gives your Money Exchange business access to Fujairah'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 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 Fujairah 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 Fujairah DED for Money Exchange?
Choosing Fujairah DED for your money exchange business comes with a host of strategic advantages that directly impact your bottom line and growth potential.
The jurisdiction offers east coast port access, which is particularly valuable for money exchange operations. Additionally, oil and shipping hub 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 3,000 per year for a co-working, making it accessible for businesses of all sizes. Trade across the UAE further enhances the appeal of Fujairah DED for money exchange professionals. Furthermore, cost-effective licensing positions your money exchange business for long-term success in the region. With Fujairah continuing to invest in infrastructure and business-friendly regulation, Fujairah DED remains an excellent choice for both start-ups and established financial enterprises looking to expand into the Middle East and North Africa region.
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 | 6,000 |
| Visa Package (per visa) | 3,200 |
| Ejari Office | 5,000 |
| Co-Working | 3,000 |
| Private Office | 12,000 |
| Estimated Total (Year 1) | From AED 14,200 |
* Costs are indicative and subject to change. Contact IBA for a personalised quote.
Setup Timeline
Initial Consultation
Begin with a free consultation with IBA's business setup advisors to discuss your money exchange business objectives, optimal licence structure, and Fujairah DED as your chosen jurisdiction. We assess your specific requirements and provide a transparent cost breakdown.
Choose Your Company Name
Select your company name and submit it for approval. The DED naming guidelines require the name to reflect the legal structure and activity. Reserved and restricted words require additional approvals. IBA handles the name reservation process.
Prepare & Submit Documents
Compile all required documentation including passport copies, photographs, and the completed application form. For money exchange, additional documents including professional qualifications and Central Bank of UAE approvals are required. IBA prepares and submits all paperwork on your behalf.
Obtain Trade Licence
Following DED approval, your Fujairah mainland trade licence is issued within 3 business days. The licence authorises you to conduct money exchange activities and is valid for one year. The licence fee is approximately AED 6,000.
Apply for Residence Visa
Once your licence is active, apply for your UAE residence visa and Emirates ID. The number of visas depends on your office space. Each visa costs approximately AED 3,200. IBA manages the entire visa process including medical testing and Emirates ID.
Open Corporate Bank Account
With your trade licence in hand, open a corporate bank account at a UAE bank. IBA provides introductions to relationship managers at leading banks including Emirates NBD, ADCB, RAKBank, and Mashreq. We prepare a comprehensive banking file to ensure smooth account approval.
Start Operations
With your licence issued, visa processed, and bank account active, your money exchange business in Fujairah Mainland is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 3 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
The total setup cost for a Money Exchange business in Fujairah DED starts from approximately AED 6,000 for the trade licence. Additional costs include visa processing (AED 3,200 per visa), office space, and establishment card fees. IBA provides a detailed cost breakdown during your free consultation.
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Official Source
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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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