Banking: Safeguarded client account and business operating account established with a local UAE bank
Status: Operational history, clean compliance record, and in good standing
Client Base: No clients – license only, allowing immediate onboarding
Authorised Client Type: Professional clients (with potential to upgrade to retail authorisation upon FSRA approval)
This licence authorises the firm to:
Deal in Investments as Principal and Agent
Arrange Deals in Investments (intermediation between clients and counterparties)
Provide Investment Advice (subject to permission)
Manage Assets (if the licence permissions include discretionary management of client portfolios)