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UAE Central Bank Simplifies Company Setup for Fintech Startups with New Sandbox Conditions5 min read

Author: Uwe Hohmann
Managing Partner, MBA Tax Law / Commercial- & Tax Consultant

The Central Bank of the UAE (CBUAE) has introduced new Sandbox Conditions to attract start-ups and global fintech companies. This initiative aims to create a welcoming environment for the financial sector, encouraging creativity and innovation while maintaining regulatory oversight. The goal is to enhance the sector’s competitiveness and support the UAE’s economic growth.

The new regulation sets out the conditions that participants, including start-ups, fintech firms, and established businesses, must meet to offer innovative solutions and services. It provides criteria for exemptions from licensing requirements, allowing these businesses to test new models, products, and services within a specific period while adhering to regulatory obligations for the best outcomes for all stakeholders.

These conditions enable the CBUAE to assess and respond to innovations effectively as part of its supervisory role, helping participants understand how to structure their businesses in compliance with regulations.

Applicants need to present a technologically innovative financial product, service, solution, or business model that benefits consumers or the broader industry. They must also show a plan to expand the proposed service across the UAE after completing the Regulatory Sandbox phase.

The introduction of the Sandbox Conditions shows the UAE’s commitment to fostering innovation and building a knowledge-based economy. By providing a structured platform for experimentation, the aim is to encourage innovators to contribute positively to the economy while ensuring consumer protection and stakeholder interests.

How TME Services Can Support Your Business

If you are planning to start a business in the UAE’s financial sector, TME Services has the expertise to assist you. With the new Sandbox Conditions introduced by the Central Bank of the UAE, now is a great time to launch your fintech startup or innovative financial solutions. With over 18 years of experience, we understand the regulatory landscape and can guide you through company setup, tax, compliance, and accounting matters.

Visit our services page to learn more about everything we do.


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