Licence type
No EMI. Stored Value Facility (SVF) licence and Retail Payment Services under the Retail Payment Services and Card Schemes Regulation, federal.
Regulator
Central Bank of the UAE (CBUAE). Separate from Dubai VARA, which regulates crypto.
Verified 2026-07-03
Source: CBUAE
Capital requirement 🔒
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Timeline to authorisation 🔒
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Local substance 🔒
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Application cost 🔒
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Ongoing cost 🔒
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Passporting 🔒
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EMIs authorised 🔒
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Key restrictions 🔒
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Safeguarding 🔒
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Recent changes
Transition deadline 16 Sep 2026 for in-scope entities.
Difficulty rating 🔒
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Track United Arab Emirates (Dubai - VARA)
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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with United Arab Emirates (Dubai - VARA)'s regulator and qualified local counsel before acting.