Payment Gateway / PSP Licensing Advisory

In the rapidly expanding fintech sector of the United Arab Emirates, securing a payment gateway / PSP license is crucial for businesses aiming to offer secure transaction services. At Consultant, Legal Marketplace Consultant, we provide specialized advisory on navigating the licensing process, ensuring compliance with Federal Decree-Law No. 32 of 2021 on Commercial Companies and Central Bank Circular No. 23/2019 on Stored Value Facilities Regulation. This framework mandates rigorous AML checks, capital requirements (minimum AED 1 million for PSPs), and operational approvals from the Central Bank of UAE (CBUAE). Whether integrating stripe payment gateway uae or establishing a local uae payment gateway system, our experts handle complex applications, reducing approval timelines from 6-12 months. With digital payments surging 40% in 2025 per CBUAE reports, payment gateway uae solutions must align with Cabinet Resolution No. 58 of 2023 on economic activities, avoiding fines up to AED 500,000 for non-compliance. We offer end-to-end support, from due diligence to post-licensing audits, empowering your venture in this AED 200 billion market. 

Payment Gateway Dubai: Licensing Pathways and Compliance 

Payment gateway dubai licensing involves tailored strategies for mainland or free zone setups, with Dubai Financial Services Authority (DFSA) overseeing DIFC entities under DFSA Rulebook modules on payment services. Corporate bank account opening in dubai is often a prerequisite, but for PSPs, focus on payment gateway in dubai integrations compliant with CBUAE's Retail Payment Services Regulation. Our advisory at Consultant, Legal Marketplace Consultant covers payment gateway services in dubai, including risk assessments for dubai pay payment gateway models. 

For online payment gateway uae providers, we ensure adherence to Federal Law No. 20 of 2018 on AML, incorporating KYC protocols. Payment gateway integration services dubai require tech audits, while payment gateway solution in dubai emphasizes cybersecurity per UAE Cyber Security Council directives. 

Key Licensing Requirements 

• Minimum capital and governance structures 
• AML/CTF policies and reporting 
• Technical infrastructure evaluations 
• Ongoing regulatory filings 

How to Open a Corporate Bank Account in Dubai: Essential for PSP Operations

How to open a corporate bank account in dubai is integral to PSP licensing, as CBUAE mandates segregated accounts for client funds under the 2019 SVF Regulation. This step, following entity registration, involves ESR compliance per Cabinet Resolution No. 57 of 2019. Consultant, Legal Marketplace Consultant streamlines corporate bank account dubai openings for fintechs, ensuring alignment with payment gateway for uae standards. 

For free payment gateway uae aspirants, we advise on cost-effective models, though full PSP licenses demand robust setups. Uae best payment gateway advisory includes benchmarking against best payment gateway in dubai providers, with payment gateway integration uae focusing on API compliances.

1. Entity Formation: Register LLC with fintech activities. 
2. Document Preparation: Compile MoA, passports, and business plans. 
3. CBUAE Application: Submit for preliminary approval. 
4. Bank Integration: Open accounts post-license. 
5. Launch Compliance: Implement monitoring systems. 

Important Note: Secure CBUAE no-objection before operations; unauthorized activities incur AED 1 million fines under 2018 AML Law.