Digital transformation has led to drastic expansion in the Fintech sector within the UAE. The UAE continues to be recognised as a leader in the Fintech sector due to its excellent regulatory ecosystem.
In the UAE, the Fintech sector is separated by different regulatory jurisdictions, including the Central Bank of the UAE, the Securities and Commodities Authority (SCA), the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM). Each of these jurisdictions has its own legal framework that must be followed.
The Fintech industry has seen a significant increase in digitalization, which it has had to adapt to. The increase in digital banking, cryptocurrency and tokenization means that Fintech institutions must ensure compliance with the relevant legal requirements.
As your dedicated legal partner, we can help you navigate the complex legal landscape and stay ahead of rapidly evolving developments in the UAE.
Common challenges in the Fintech sector
Our dynamic team has years of experience in the Fintech industry, and our agile approach allows us to stay ahead of new developments with ease.
- Ensuring compliance with the correct frameworks
- Determining the correct license
- Managing risks effectively, including cybersecurity
- Staying ahead of anti-money laundering and KYC obligations
- Ensuring data privacy and consumer protection
- Cross-border legal compliance
Our expertise
Hamdan Al Shamsi Lawyers & Legal Consultants offer licensing advice for multiple jurisdictions, including the Central Bank, DFSA and FRSA. Our legal team will ensure that your Fintech enterprise meets all necessary regulations.
We take the time to understand our clients before we start working with them, ensuring that we can help them achieve the desired outcome. Whether you’re operating a Fintech start-up or considering mergers and acquisitions, we provide trusted legal advice at every stage.
As a Fintech company, it’s essential to understand data protection and the potential risks involved with cybersecurity. Our dedicated team of legal practitioners will ensure that you are aware of any potential pitfalls and can manage them effectively.
We are dedicated to providing a client-centric approach, ensuring that you receive clear and accurate communication at all times. Wherever you are up to on your Fintech journey, we will ensure that you are at ease when navigating the legal landscape in the UAE.
Our services
- Licensing from the Central Bank, DFSA, and FSRA
- Regulatory compliance for payment services, digital banking and e-wallets
- Legal advice on Peer-to-Peer (P2P) lending
- Data protection, cybersecurity, and AML compliance
- Advisory on blockchain, cryptocurrencies, smart contracts and tokenization legalities
- Drafting smart contracts and platform terms
- Structuring fintech startups and capital raises
- Fintech M&A and partnership agreements
- Navigating new UAE digital finance regulations
Why partner with us
- Extensive experience in the Fintech sector
- Expert support with all document drafting and compliance
- Trusted support with all aspects of digital banking
- Multilingual team of professionals
- Dedicated, client-centric approach
