• Apply: Complete the prerequisites, as above, and submit the application form on the E-services portal. The DFSA will issue a fee invoice. Upon payment of the fees, the application will be accepted for evaluation.
• Evaluate: Upon Acceptance, DFSA will conduct a thorough assessment of the application. Upon satisfactory assessment, you'll receive an in-principal letter. In cases of insufficient information, request will be made for additional information.
• Fulfil: Complete the conditions of the In-principal letter.
• License: The DFSA will conduct a final assessment and, if the application is successful, grant an ITL.

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

• Regulatory Test Plan.
• Flow chart for the business.
• Risk, AML and Compliance Policies and Procedures.
• IT and Cyber Risk policy.
• Staff Organisation Chart of the Company.
• Group Organisation Structure (if applicable).
• Source of Wealth/Funds of the Contributor(s) of Capital.

Fees associated with new firm authorisation will vary based on the nature and scale of financial activities. Comprehensive details of fees can be found in the Fees Module (FER) of the DFSA Rulebook. Service Fees are paid through Bank Transfer to DFSA.