Table of Contents
Frequently Asked Questions
What does this activity cover?
It covers auxiliary financial services, including investment advisory, mortgage advice and broking, financial transaction processing and settlement, and trustee, fiduciary, and custody services on a fee basis.
Who are the typical clients?
Investors seeking advice, borrowers arranging finance, and institutions needing transactions processed or assets safeguarded, across the UAE.
Does this include mortgage broking?
Yes. Mortgage advice and broking for borrowers falls within the scope of this activity, alongside investment advisory, transaction processing, and custody services.
Does this include managing funds?
No. The management of funds falls under a separate activity. This activity provides advice, broking, processing, and custody, not investment management of the assets.
Does this include insurance broking?
No. Insurance agents and brokers fall under a separate activity. This activity covers auxiliary services to financial services, except insurance and pension funding.
How to Start an Other Activities Auxiliary to Financial Service Activities Business with Meydan Free Zone
Financial markets do not run on traders alone. Behind every deal sits a layer of support: the adviser who guides an investor, the broker who arranges a mortgage, the firm that processes a transaction, and the custodian who safeguards the assets. This activity is that support layer, the services that keep finance moving.
Auxiliary financial services are the support layer around the UAE's growing pool of wealth. The UAE wealth management market oversees more than USD 1.2 trillion in assets, according to ResearchAndMarkets1.
The advisory side of finance is growing worldwide: the global financial advisory services market is forecast to rise from USD 126.71 billion in 2026 to USD 197.88 billion by 2034, according to Straits Research2.
For a firm in this space, that is broad demand: every investor, borrower, and transaction needs advice, arrangement, processing, or safekeeping behind it.
Auxiliary financial services support investing, borrowing, and transacting, from advice and broking to processing and custody. They serve a large UAE wealth pool inside a growing global advisory market. The headline number is the assets under management in the UAE.
Sources: ResearchAndMarkets (2025); Straits Research (2026).
Picture a firm handling a morning's work. An adviser walks a client through an investment decision while a mortgage broker arranges finance for a homebuyer. A processing team settles a batch of card transactions for a merchant.
A custody team safeguards securities held on a client's behalf and reconciles the records. Each service earns a fee, so the firm makes its money on volume, expertise, and trust. In a market this active, the firms that win are the ones whose advice is sound, whose processing is accurate, and whose custody is watertight.
Whether it is advising an investor, arranging a mortgage, processing a transaction, or safeguarding assets, this activity is the support that keeps finance moving.
Who is this for?
- Investment advisers and mortgage brokers: Businesses advising investors and arranging finance for UAE clients.
- Transaction processing and settlement firms: Operators processing and settling financial and card transactions.
- Trustee, fiduciary, and custody providers: Firms safeguarding assets on a fee or contract basis.
Meydan Free Zone offers 100% foreign ownership, zero percent corporate tax on qualifying income, full profit repatriation, and a fully digital licensing process, providing a regulated and cost-efficient base from which to operate an auxiliary financial services business serving a market with a deep pool of wealth and a fast-growing financial sector.
6619.00 - Other activities auxiliary to financial service activities
Under this activity, your business is licensed to provide other auxiliary financial services, including investment advisory, mortgage broking, transaction processing, and custody services.
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A business in this activity provides services that support financial transactions without being the principal. The work spans investment advisory, mortgage advice and broking, financial transaction processing and settlement including card transactions, and trustee, fiduciary, and custody services on a fee or contract basis.
The clients are mixed: investors seeking advice, borrowers arranging finance, and institutions needing transactions processed or assets safeguarded. It is a fee-based service business: the firm is paid for its expertise and reliability, not for owning the assets it advises on or handles.
The activity is specifically for auxiliary services such as advice, broking, processing, and custody. Insurance agents and brokers (6622) fall under a separate activity, as does the management of funds (6630) and furnishing the trading marketplace itself.
The line is precise. If your business advises, brokers, processes, or safeguards on a fee or contract basis, you are in. If you act as an insurance agent or broker, manage funds, or run the marketplace itself, a different activity applies.
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Third-Party Approval: Approval from the Securities and Commodities Authority is required before the trade license is issued.
Anti-Money Laundering Compliance: This business activity is exempt from AML compliance requirements.
Citations
1 ResearchAndMarkets. UAE Wealth Management Market Size, Share & Growth. ResearchAndMarkets, 2025.
2 Straits Research. Financial Advisory Services Market Report. Straits Research, 2026.
