How to Get a Dubai Mainland Brokerage License in 2025

How to Get a Dubai Mainland Brokerage License in 2025

Starting a brokerage business in Dubai offers immense potential, with the UAE’s vibrant economy and strategic position as a global financial hub. A Dubai Mainland brokerage license allows you to operate within the country’s legal framework and access a broad client base, including both local and international clients. In this guide, we will outline the steps and requirements involved in obtaining a Dubai Mainland brokerage license in 2025. 

What is a Dubai Mainland Brokerage License?

A Dubai Mainland brokerage license is a legal authorization issued by the Dubai Economic Department (DED), which allows businesses to offer financial services such as trading, investment advising, and market facilitation directly within the UAE. This license enables firms to operate in Dubai’s thriving market and engage with clients across the country. For those looking to start their brokerage in Dubai, the Dubai Mainland brokerage license is an essential requirement for securing business operations on the mainland. 

Requirements for a Dubai Mainland Brokerage License

Before applying for a Dubai Mainland brokerage license, certain legal and operational requirements must be met. These include: 

  • Legal Structure: Your business must be set up as a limited liability company (LLC) or a similar structure, as per UAE regulations. 
  • Local Sponsor: Foreign investors are required to partner with a UAE national sponsor who will hold 51% of the company’s shares. 
  • Office Space: A physical office in Dubai is mandatory for businesses with a Dubai Mainland brokerage license. The office should meet DED regulations and be located within the city. 
  • Regulatory Approval: Brokerage firms must obtain approval from the Securities and Commodities Authority (SCA), which regulates financial activities in the UAE. 

Steps to Obtain a Brokerage License in Dubai Mainland

Obtaining a Dubai Mainland brokerage license involves several important steps. Here’s a breakdown of the process: 

  1. Define Your Business Activities: Identify the brokerage services you will offer. This could include financial trading, investment advice, or asset management. Ensure these activities are in line with SCA regulations. 
  2. Choose a Business Name: Select a unique name for your business. The name should comply with UAE regulations and avoid using names that are offensive or already in use. 
  3. Secure Office Space: Lease office space in Dubai. This is a key requirement for Mainland businesses. The office should meet all local requirements for business operations. 
  4. Apply for Initial Approval: Submit your business details to the DED for initial approval. This approval confirms your business activities and legal structure. 
  5. Obtain SCA Approval: Since you’re setting up a brokerage firm, you will need to receive approval from the Securities and Commodities Authority (SCA). The SCA ensures your business complies with all financial regulations. 
  6. Final Documentation: After receiving initial and regulatory approvals, submit your final documents, including the business lease agreement and proof of regulatory approval. 
  7. Obtain Your License: Once all documents are submitted and approved, your Dubai Mainland brokerage license will be issued, allowing you to begin operations. 

Documents Needed for Dubai Mainland Brokerage License

To obtain your Dubai Mainland brokerage license, ensure you have the following documents ready: 

  • Passport copies of the owners and investors 
  • Business plan outlining the services and structure of your brokerage 
  • Lease agreement for the office space 
  • No Objection letter from a local sponsor (if needed) 
  • Regulatory approval from the SCA 
  • Trade name approval from the DED 

Having all of these documents prepared will ensure a smooth application process for your Dubai Mainland brokerage license. 

Costs and Fees for Dubai Mainland Brokerage License

The cost of obtaining a Dubai Mainland brokerage license can vary depending on factors such as your office location, the scale of operations, and the number of employees. On average, you can expect to pay between AED 15,000 to AED 50,000 for the entire process. This cost includes government fees, office leasing, regulatory fees, and other associated costs. Additional expenses, such as legal and consultancy services, should also be factored into your budget. 

Benefits of a Dubai Mainland Brokerage License

  • A Dubai Mainland brokerage license offers several key benefits: 

    • Access to Local and International Markets: Unlike a free zone license, a Dubai Mainland brokerage license allows you to engage with both local and international clients. 
    • No Geographic Restrictions: Mainland businesses can operate in any location within Dubai, offering more flexibility than businesses restricted to free zones. 
    • Regulatory Advantage: Being licensed by the DED and regulated by the SCA enhances the credibility of your brokerage firm in the eyes of clients and partners.

How to Start a Brokerage Firm in Dubai Mainland

Starting a brokerage firm in Dubai involves more than just obtaining a Dubai Mainland brokerage license. It is essential to ensure compliance with all legal, financial, and regulatory requirements. You will need to align with anti-money laundering (AML) regulations, financial reporting standards, and other financial compliance measures. 

It is advisable to consult with legal and financial experts to help navigate the regulations and structure your business appropriately. Expert guidance ensures that your brokerage firm adheres to all necessary standards and avoids future complications. 

Conclusion

Acquiring a Dubai Mainland brokerage license in 2025 is a straightforward process if you follow the correct steps and ensure all documentation and regulatory approvals are in place. By obtaining this license, you position your brokerage firm to operate in one of the most dynamic financial markets in the world. With proper planning and expert guidance, your brokerage business can thrive in Dubai’s competitive landscape. 

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