Fintech & Payments in the UAE for Saudi nationals

Why DMCC Free Zone

Popular activities in DMCC Free Zone include commodity trading, gold & diamond, crypto & fintech, technology and professional services, and most of them can be combined on a single licence. One of the reasons we recommend DMCC Free Zone is its world's #1 free zone (Fitch), which matters more than most business owners realise once the business is running.

How DMCC Free Zone works with GoldenKey

1. 
   Step 1

   Consultation and activity selection

   In the first call we check that DMCC Free Zone lists your activity, settle the licence type and match the visa package and office to what you actually need. Nothing is submitted for opening a fintech company in the UAE as a Saudi founder until you have reviewed and approved it.

2. 
   Step 2

   Name reservation and initial approval

   We submit your preferred trade names to DMCC Free Zone and secure initial approval, normally within a day or two of submission.

3. 
   Step 3

   Document submission and payment

   You sign the request forms and memorandum, we submit the attested documents and the licence fee is paid to the licensing authority. Expect clear updates from your GoldenKey consultant while this step runs for opening a fintech company in the UAE as a Saudi founder.

4. 
   Step 4

   Licence issued and next steps

   As we tell every client, once the DMCC Free Zone licence and company paperwork are released, we move immediately to the immigration file, residence visas and the bank meeting.

Documents required

Here is what you will need for opening a fintech company in the UAE as a Saudi founder; GoldenKey checks every item before submission.

• Attested parent-company documents and a board resolution if the shareholder is a company
• A bank statement from your Saudi Arabia bank for the last three months, which banks use to understand your profile
• The UAE entry stamp or visa page if you are already in the country
• Educational certificates attested by the Saudi Arabia authorities and the UAE embassy, for professional activities
• Your current residence visa and Emirates ID copy if you are a UAE resident
• A passport-size photograph on a white background

Pricing

The figures below for opening a fintech company in the UAE as a Saudi founder are updated by GoldenKey whenever the licensing authority changes its fees, so the price you see is the current one. As we tell every client, pricing for opening a fintech company in the UAE as a Saudi founder depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

Pricing available on request — message us for a written quotation.

Why the UAE

In practice, english is the working language of business, contracts are routinely drafted in English, and government portals are bilingual, which simplifies opening a fintech company in the UAE as a Saudi founder for international founders. Since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so opening a fintech company in the UAE as a Saudi founder no longer requires a local partner.

Why GoldenKey

GoldenKey's consultants have handled opening a fintech company in the UAE as a Saudi founder for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly. Just as important, after your DMCC Free Zone licence is released, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice. In short, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which documents each of them will ask for on a DMCC Free Zone file.

Frequently asked questions