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EMI Licenses in the DIFC
This episode is also available as a blog post: https://10leaves.wordpress.com/2022/07/10/emi-licenses-in-the-difc/
Firms interested in carrying out Money Service activities from the DIFC are required to submit applications to the Dubai Financial Services Authority, or DFSA.
The DFSA, for the purposes of authorisation and supervision, categorises money services business activities based on the type of money services being carried out, and the minimum base capital required.
The DFSA categorises the range of activities that comprise the Money Services Business into two groups: 1) Arranging and Advising on Money Services and 2) Providing Money Services.
Providing Money Services (includes issuing payment instruments, providing money transmission, issuing stored value and providing or operating a payment account).
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By 10 LeavesThis episode is also available as a blog post: https://10leaves.wordpress.com/2022/07/10/emi-licenses-in-the-difc/
Firms interested in carrying out Money Service activities from the DIFC are required to submit applications to the Dubai Financial Services Authority, or DFSA.
The DFSA, for the purposes of authorisation and supervision, categorises money services business activities based on the type of money services being carried out, and the minimum base capital required.
The DFSA categorises the range of activities that comprise the Money Services Business into two groups: 1) Arranging and Advising on Money Services and 2) Providing Money Services.
Providing Money Services (includes issuing payment instruments, providing money transmission, issuing stored value and providing or operating a payment account).