Starting a Financial Company Requires 200% More Capital Than Expected
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币界网报道：Starting a financial company in the UAE now requires a minimum capital of AED200,000 (approximately $54,500), according to new regulations by the Central Bank. The move aims to strengthen financial stability and ensure firms have adequate resources to operate sustainably. The capital requirement applies to payment service providers, retail banks, and other financial institutions. Analysts predict the stricter rules could reduce the number of new entrants but improve overall sector resilience. The central bank expects the changes to take full effect by 2025, with a transition period for existing companies to comply. Industry experts anticipate the reforms may attract higher-quality players
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