• Application: Complete the requirements above and submit the application form on the DFSA ePortal. The DFSA will then issue a fee invoice. Once the fees are paid, the application will be accepted for evaluation.
• Evaluation: The DFSA will conduct a thorough assessment of the application. If there is insufficient information, the DFSA will request additional information. If the application is satisfactory, you will receive an in-principal letter.
• Fulfilment: Complete the conditions of the in-principal letter.
• Authorisation: The DFSA will conduct a final assessment before granting authorisation.

The following documents need to be submitted with the application form:

• Board resolution for setting up proposed DIFC entity.
• Staff organisation chart of the firm.
• CVs of the Board.
• Passport copies of the UBOs.
• Group organisation structure (if applicable).
• Licencing/authorisation document(s) of the Parent Company (if applicable)
• Source of wealth and source of funds documents of the UBOs / Latest financial statements of the Parent Company.

The following documents can be self-certified by the firm for low-risk business models:

• Regulatory Business Plan
• Risk, AML and compliance policies and procedures

Fees will vary based on the nature and scale of financial activities. More details can be found in the Fees Module (FER) of the DFSA Rulebook. Service fees are paid through bank transfer to the DFSA.