How to Start a Loans & Overdues Rescheduling Business in Dubai

When a business cannot make its repayments, somebody has to sit between the borrower and the bank and work out a new schedule. That is the job. You advise on debt restructuring, you renegotiate terms, and you guide clients through the legal frameworks that exist for exactly this situation.

This guide covers activity code 6619.92. It explains what the license lets you do, where the boundaries sit, who pays for this work, and how to get set up through Meydan Free Zone.

Key Stats at a Glance

What This License Covers

UAE law has codified the path to debt restructuring, and a growing professional advisory layer now sits between borrowers, banks, and a workable next chapter.

Sources: Central Bank of the UAE (2025); Statista (2025)

Under 6619.92 you provide advisory services on rescheduling loans and overdue debts. In practice that covers three kinds of work:

• Advising UAE SMEs and corporates on working capital and term loan rescheduling, multi-bank facility consolidation, and settlement talks with banks
• Advising individuals on personal loan, credit card, and mortgage restructuring, and negotiating settlements on their behalf
• Guiding clients through the Bankruptcy Law and Insolvency Law frameworks, including preventative composition and formal restructuring procedures

Know where the edges are, because this activity has firm ones. It does not cover insurance agents and brokers, which sit under activities auxiliary to insurance and pension funding. It does not cover managing investment funds. And it is not debt collection. Collection means recovering money for creditors and it is separately regulated under its own license. You work for the debtor, not the creditor.

You are also not a law firm. Legal practice is governed by Federal Decree-Law No. 23 of 1991, and you need to position yourself clearly as an advisory professional rather than drift across that line.

Who Your Clients Will Be

Three groups come to you, and they need quite different things.

SMEs and corporates under working capital stress form the biggest segment. They need term loans rescheduled, facilities across several banks consolidated, and someone who can hold a negotiation with a lender without the relationship collapsing.

Individuals come with personal loans, credit card balances, and mortgages. Expats managing a mortgage restructure are a recurring case. This work is smaller per client but steady.

Clients heading into formal procedures need specialist help under the Bankruptcy Law or the Insolvency Law. This is the most technical end and the least crowded.

What actually wins the work is not marketing. It is your relationships with bankers, your ability to negotiate, and knowing a sector well enough that a lender takes your restructuring proposal seriously.

Mainland or Free Zone

This is the biggest choice you will make when setting up. Let your clients decide it, not the price.

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How to Set Up Through Meydan Free Zone

• Step 1, pick your activity code: Confirm 6619.92 matches the advisory work you plan to sell, and check nothing you offer strays into collection or legal practice.
• Step 2, book your trade name: Check it is available and meets UAE naming rules.
• Step 3, choose your structure: Decide your shareholding and whether a flexi-desk or a dedicated office suits you.
• Step 4, send your documents: Passport copies for shareholders and directors, plus the application forms. The process is fully digital.
• Step 5, get your trade license: Issued once your application is approved.
• Step 6, apply for visas: Your allocation depends on the workspace package you take, so plan headcount first.
• Step 7, open your bank account: Do this once the license is issued.

Compliance and What You Need in Place

Approvals

No third-party approval is needed for this activity. That makes it a cleaner entry than most financial services work, where regulator sign-off is the main hurdle.

Anti-money laundering

This activity is exempt from AML requirements. Do not assume that carries over if you later add other financial activity codes to the same license.

Staying inside the line

The exemptions above exist because you are advising, not handling client money, collecting debts, or practising law. Keep your engagement letters, your marketing, and your actual delivery consistent with that. Drift across the boundary and you are operating without the right license.

Client expectations

Debt work brings people to you at a bad moment. Be clear in writing about what you can and cannot achieve, because no adviser can promise a bank will agree.

Market Opportunity

The underlying numbers are substantial. UAE banking sector assets sit above USD 1 trillion, and lending across corporate, SME, and personal borrowers keeps running. Wherever there is that much credit, some of it needs restructuring.

The legal groundwork is the other half of the story. The Bankruptcy Law of 2016 gave corporates a formal restructuring path, and the Insolvency Law of 2019 did the same for individuals. Before those existed, distressed borrowers had far fewer options and advisers had less to work with. Now there is a defined process to guide people through.

The wider financial advisory market in the UAE was put at USD 186.73 billion in 2025 and is projected to reach USD 213.10 billion by 2030. There is room to specialise inside that, whether in SME rescheduling, corporate workouts, personal debt, or insolvency framework support.

Conclusion

Loans and overdues rescheduling under 6619.92 is a workable advisory business with no third-party approval to chase and no AML burden attached. It suits people who already have banking relationships and can negotiate.

The one thing to get right from the start is scope. Stay on the advisory side of the line, away from collection and legal practice, and the license does what you need. Use the cost calculator to size your setup, or speak to the Meydan Free Zone team to confirm your activity scope and start your application.

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References

• Central Bank of the UAE
• Statista