How to Get a Credit Review Services Business License in Dubai
The demand for professional financial analysis and credit assessment has grown sharply across the Gulf region as businesses seek reliable intelligence before extending credit or entering new partnerships. Dubai, with its position as the Middle East's leading financial hub, offers an ideal environment for credit review services firms to operate, scale, and serve clients across multiple markets. If you are looking to establish a credit review services business in the emirate, obtaining the correct license is the essential first step.
This guide covers everything you need to know about securing a Credit Review Services Business License under Activity Code 6619.98 at Dubai South Business Hub Free Zone, including costs, steps, compliance requirements, and why Dubai remains one of the world's most attractive jurisdictions for financial services businesses.
What Is a Credit Review Services Business License?
A Credit Review Services Business License falls under the Financial category and is classified under Activity Code 6619.98. This license authorises the holder to provide professional credit assessment, credit analysis, and credit review activities to corporate and individual clients. Licensed businesses can evaluate the creditworthiness of borrowers, assess financial risk, prepare credit reports, and offer advisory services related to credit decisions.
The license is issued as a Business License, which is the standard commercial license type for service-oriented financial activities operating within a free zone environment.
What the License Covers
Credit assessment and analysis for corporate and individual clients
Preparation of credit review reports and risk profiles
Advisory services on credit risk management
Financial due diligence related to creditworthiness
Consulting on credit policies and lending frameworks
It is important to note that this license does not cover regulated banking, deposit-taking, or lending activities, which require separate authorisation from the Central Bank of the UAE.
Who Is This License Suited For?
The Credit Review Services license is well suited for a range of professionals and organisations, including:
Financial analysts and credit risk consultants establishing independent practices
International credit rating and review firms expanding into the Middle East
Corporate finance advisories offering credit due diligence services
Fintech companies incorporating credit assessment into their product offerings
Banks and financial institutions setting up specialist subsidiary operations
Why Dubai and Dubai South Business Hub Free Zone?
Dubai consistently ranks among the top global destinations for business formation. The UAE's non-oil economy has expanded steadily, with the financial services sector contributing significantly to GDP growth. The country's strategic location between Europe, Asia, and Africa makes it a natural base for firms serving regional and international clients.
Dubai South Business Hub Free Zone offers 100 per cent foreign ownership, zero corporate tax on qualifying income under the UAE's corporate tax framework, and streamlined company formation processes. The free zone is connected to Al Maktoum International Airport and Jebel Ali Port, providing exceptional logistics infrastructure for businesses with cross-border operations.
Key Stats at a Glance
Activity Code: 6619.98
License Type: Business License
Category: Financial
Free Zone: Dubai South Business Hub
Foreign Ownership: 100 per cent permitted
Corporate Tax Rate: 0 per cent on qualifying free zone income
UAE Financial Services Sector Growth: Consistently among the fastest-growing in the GCC
Typical License Processing Time: 3 to 7 working days (subject to approvals)
Steps to Obtain Your Credit Review Services License
Step 1: Choose Your Business Structure
Determine whether you will operate as a Free Zone Establishment (single shareholder) or a Free Zone Company (multiple shareholders). Both structures benefit from full foreign ownership.
Step 2: Reserve Your Trade Name
Submit your preferred company name for approval. Names must comply with UAE naming conventions and must not conflict with existing registered entities.
Step 3: Submit Your Application
Complete the license application through Dubai South Business Hub's registration portal, specifying Activity Code 6619.98 under the Financial category.
Step 4: Provide Required Documentation
Passport copies of all shareholders and directors
Completed application forms
Business plan (required for financial activity licenses)
Proof of address for shareholders
No Objection Certificate if the applicant is a UAE resident employed elsewhere
Step 5: Pay License Fees and Obtain Your License
Once your application is approved, pay the applicable license and registration fees. Your license will be issued, typically within three to seven working days after all documentation is in order.
Setup Costs
License fees at Dubai South Business Hub vary depending on office package selection, visa requirements, and the number of activities included. Typical setup costs for a credit review services business include the license fee, registration fee, and a flexi-desk or physical office lease. Costs generally start from AED 12,000 to AED 20,000 per year for basic packages, though this varies and prospective applicants should request a current quote directly from the free zone authority.
Licensing and Compliance Requirements
Businesses holding a Credit Review Services license must maintain accurate financial records, renew their license annually, and comply with the UAE's Anti-Money Laundering and Combating the Financing of Terrorism regulations. Firms dealing with sensitive financial data must also adhere to relevant data protection obligations. Depending on the scope of services, additional approvals from the UAE Securities and Commodities Authority or the Central Bank may be required for specific regulated activities.
Related Activities
Financial Markets Support Services Business License
Investment Advisory Services Business License
Mortgage Advisers And Brokers Business License
