Table of Contents
Topic Summary
Understand What Covered Warrants Licensing Covers
A covered warrants business licence authorises you to issue and operate covered warrants under SCA and Central Bank of the UAE oversight. Core operations include client onboarding, regulated delivery, and back-office support systems.
Know Who This Business Activity Is For
This licence suits financial-auxiliary service providers, capital-markets operators, and international financial firms entering the MENA region. It is especially relevant for global groups establishing a Dubai entity for regional brokerage or securities activities.
Choose Meydan Free Zone for Key Structural Benefits
Setting up through Meydan Free Zone gives you 100% foreign ownership, zero corporate tax on qualifying income, and full profit repatriation. The fully digital licensing process also makes it one of the fastest and most cost-effective routes into the Dubai market.
Prepare for Mandatory Third-Party Approval
This activity requires third-party regulatory approval before your trade licence is issued. Your operational model, facility setup, and regulatory documentation must all be reviewed and cleared by the relevant authority in advance.
Recognise What Falls Outside This Activity Code
Related but distinct financial services are classified under separate activity codes and are not covered by this licence. If your intended service belongs to a different industry class or regulatory category, you will need to apply under the appropriate code.
Leverage Dubai's Strategic Capital Markets Position
The UAE has designated capital markets and financial services as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031. This creates sustained, policy-backed demand for licensed auxiliary activities like covered warrants issuance.
Note the AML Compliance Exemption for This Activity
Covered warrants issuance under this activity code is exempt from AML compliance requirements. This simplifies your compliance obligations, though you should still maintain appropriate governance standards for a regulated financial operation.
How to Start a Issuing Of Covered Warrants Business in Dubai with Meydan Free Zone
A licensed issuing of covered warrants business serves the UAE's financial-auxiliary and capital-markets services market.¹
Regional demand, government investment in the sector, and strong enterprise and consumer need drive sustained demand for licensed issuing of covered warrants businesses.²
For operators, this activity benefits from SCA and Central Bank of the UAE oversight, a clear regulatory framework, and strong regional distribution reach.³
That combination of capital-markets infrastructure, cross-border flows, and a growing fund sector is exactly where the opportunity lies.
The UAE has positioned capital markets and financial services as strategic pillars under the Dubai Economic Agenda D33 and We the UAE 2031, with explicit support for auxiliary activities.
Who is this for?
| Audience Segment | Profile |
|---|---|
| Financial-auxiliary service providers | Businesses providing brokerage, advisory, custody, administration, or related services to financial-market participants. |
| Capital-markets and fund operators | Teams running or supporting securities, commodities, derivatives, fund, or wealth-management activities. |
| International financial firms entering MENA | Global financial groups establishing a Dubai entity for regional brokerage, advisory, and auxiliary services. |
Setting up through Meydan Free Zone means 100% foreign ownership, zero corporate tax on qualifying income, full profit repatriation, and a fully digital licensing process, giving you a fast and cost-effective route into the Dubai financial services market.
6611.98 - Issuing Of Covered Warrants
Under this activity, you are in the business of operating a licensed issuing of covered warrants business.
Services are delivered under the relevant regulatory oversight with appropriate facilities, systems, and qualified personnel.¹
| Category | Scope |
|---|---|
| Core Operations | Primary delivery. Issuing Of Covered Warrants core services provided to clients under the activity code. |
| Regulated Delivery | Compliance-led. Services delivered under the relevant regulatory framework, standards, and reporting obligations. |
| Client Engagement | Commercial scope. Onboarding, contracting, and ongoing service delivery to retail, corporate, or institutional clients as applicable. |
| Support and Operations | Operational back-office. Systems, staffing, documentation, and operational support needed to run the licensed activity. |
| Regional Reach | Market coverage. Delivery to clients across Dubai, the wider UAE, and regional markets within the scope of this activity. |
There are some things this activity does not cover. Related but distinct services fall under separate activity codes.
Activities that are separately regulated or that belong to a different industry class are classified under their own codes.
In short: if you are operating a licensed issuing of covered warrants business, you are in. If you are delivering a related but distinct service that falls under another activity, you are not.
Third-Party Approval
This business activity requires third-party approval before the trade licence is issued. In practice, your operational model, facility, and regulatory documentation must be reviewed and cleared by the relevant authority before licensing.
Anti-Money Laundering Compliance
This business activity is exempt from AML compliance requirements.
