Stored Value Cards Issuing Services License UAE

ISIC classification: Other monetary intermediation (6419)

Typically requires Designated Zone status for VAT purposes

About this activity

Financial service licensing for issuing closed-loop or open-loop prepaid payment cards, gift cards, and electronic stored-value instruments. Prohibits taking public demand deposits or operating as a retail bank. Requires Central Bank regulatory sandbox clearance, capital reserve compliance, and AML/KYC audit systems.

Regulatory requirements

Requires external approval — Central Bank of the UAE

100% foreign ownershipConditional

Facility requirementSecured Commercial Office / Fintech Hub Premises

Available in: . A detailed per-emirate fee breakdown isn't published for this activity yet — check back soon, or get a scored recommendation for your specific business below.

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