UAE – SCA CAT 4
Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services •
Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services •
Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services •
Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services • Payment Services •
Payment Services •
Feature/Category | Credit Rating Agencies (CAT4) |
Type of company required to be eligible | Mainland Dubai, DIFC, ADGM |
Minimum paid-up statutory capital | AED 5M |
Corporate Taxation | 9% |
Main requirements | • min 2 local directors (fit and proper) • local Compliance • local office • External Audit • 2 Credit Rating Analyst |
Approximate Timeframe | As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing. |
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