Other activities auxiliary to financial service activities

Mixed · depends on counterparty

Forensic Analysis

DZ requiredSubstance: HIGHAI-derived

Under MD 229 of 2025, auxiliary financial activities are scrutinized for 'Principal vs. Agent' roles. If the entity assumes credit risk or acts as a principal, it may be reclassified as an Excluded Banking Activity. Forensic audit focuses on the flow of funds and whether the service is provided to a Free Zone Person versus a Mainland/Foreign Person.

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Legal Reference

Ministerial Decision No. 229 of 2025, Article 2, Clause 3(f)

Audit Red Flag

Mischaracterizing 'Excluded' retail brokerage or currency exchange services as 'Qualifying' treasury or investment management services to claim the 0% rate.

29 licensable activities under this classification

Central Clearing Services for SecuritiesExternal approval required

Central Depository Services for SecuritiesExternal approval required

Collateral Management ServicesExternal approval required

From AED 600 (Ajman)

Consultancy Regarding the Issuance of SecuritiesExternal approval required

Consulting in Listing SecuritiesExternal approval required

Crypto Asset ManagementExternal approval required

Crypto Fund ManagementExternal approval required

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