Money Exchange in Meydan
Starting From
AED 9,950
Setup Time
2 Business Days
Visa Quota
3 Visas
Location
Dubai
About Money Exchange
The UAE's thriving economy continues to attract investors from around the world, and Meydan Free Zone stands out as a premier destination for Money Exchange businesses.
As a free zone entity regulated under Dubai's commercial laws, your Money Exchange business will benefit from competitive pricing and prestigious meydan address. The Meydan licensing framework is designed to accommodate both start-ups and established firms, with annual licence fees starting from approximately AED 9,950.
With over two decades of experience in UAE business formation, IBA International provides end-to-end support for your money exchange setup in Meydan. Our dedicated advisors handle the paperwork, government liaisons, and compliance requirements, so you can focus on building your business from day one.
Why Meydan for Money Exchange?
There are several compelling reasons why Meydan Free Zone continues to attract money exchange entrepreneurs from around the world.
The jurisdiction offers competitive pricing, which is particularly valuable for money exchange operations. Additionally, prestigious meydan address 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 4,000 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. Fast setup process further enhances the appeal of Meydan 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, Meydan 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 | 9,950 |
| Visa Package (per visa) | 4,000 |
| Flexi Desk | 4,000 |
| Shared Office | 8,000 |
| Private Office | 20,000 |
| Estimated Total (Year 1) | From AED 17,950 |
* 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 Meydan 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. Meydan has specific naming guidelines — the name must not conflict with existing registrations and should reflect your business activity. 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
Your Meydan trade licence is issued within 2 business days of document submission. The licence authorises you to conduct money exchange activities and is valid for one year. The licence fee is approximately AED 9,950.
Apply for Residence Visa
Once your licence is active, apply for your UAE residence visa and Emirates ID. Your Meydan licence includes 3 visa allocation. Each visa costs approximately AED 4,000. 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 Meydan Free Zone is ready to operate. IBA continues to support you with PRO services, VAT registration, accounting, and annual licence renewals.
Total estimated time: 2 business days. IBA handles the entire process end-to-end so you can focus on your business.
Frequently Asked Questions
Yes, your money exchange licence from Meydan entitles you to apply for residence visas. The standard package includes 3 visa(s), with the option to apply for additional visas based on your office space. Each visa costs approximately AED 4,000.
Money Exchange in Other Jurisdictions
Get Started Today
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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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