Apply for a General Investments Management & Operation Business License in Dubai
Dubai has firmly established itself as one of the world's most dynamic financial centres, attracting institutional investors, family offices, and independent fund managers from every corner of the globe. As capital flows into the region continue to accelerate, the demand for properly licensed investment management entities has never been stronger. Obtaining a General Investments Management & Operation Business License (Activity Code: 6499.99) at Dubai South Business Hub Free Zone gives your firm a credible, compliant, and strategically located base from which to manage, operate, and grow investment portfolios across multiple asset classes.
What Is the General Investments Management & Operation Activity?
The General Investments Management & Operation activity falls under the Financial category and is classified under Activity Code 6499.99. It covers the professional management and operation of investment portfolios, funds, and capital assets on behalf of clients or as a principal. Licensed entities may engage in a broad range of financial activities, including:
Portfolio management and advisory services
Operation of collective investment schemes
Management of private equity and venture capital structures
Coordination of cross-border investment mandates
Administration of holding and investment vehicles
The license type is a Business License, meaning the holder is authorised to conduct commercial operations within the free zone and, subject to applicable regulations, internationally.
Why Dubai South Business Hub Free Zone?
Dubai South is a purpose-built economic zone centred around Al Maktoum International Airport, the world's largest airport by design capacity. The Business Hub within Dubai South offers a streamlined regulatory environment, 100% foreign ownership, full repatriation of profits and capital, and zero personal or corporate income tax on qualifying activities. Its proximity to logistics corridors, financial institutions, and government entities makes it particularly attractive for investment management firms that require rapid access to regional and global markets.
Key Stats at a Glance
Activity Code: 6499.99
License Category: Financial
License Type: Business License
Foreign Ownership: 100% permitted
Corporate Tax Rate: 0% for qualifying free zone entities
Profit Repatriation: 100% allowed
Location: Dubai South Business Hub Free Zone, UAE
UAE FDI Inflows (2023): Approximately USD 30.7 billion
Who Is This License Suited To?
The General Investments Management & Operation Business License is ideally suited to a wide spectrum of financial professionals and organisations, including independent asset managers, family office operators, private equity professionals, sovereign wealth advisers, fund administrators, and entrepreneurs seeking a regulated base to manage diversified investment mandates. It is equally relevant for international firms looking to establish a regional hub in the Middle East, Africa, and South Asia corridor.
Setup Steps and Licensing Requirements
Step 1: Define Your Business Activity and Structure
Confirm that Activity Code 6499.99 aligns with your intended operations. Decide on your legal structure, whether a Free Zone Company (FZCO) or a branch of an existing entity, and determine the number of shareholders and directors required.
Step 2: Prepare Your Documentation
Gather the required documents, which typically include passport copies of all shareholders and directors, a business plan, proof of address, bank reference letters, and a No Objection Certificate if applicable. Financial services activities may require additional compliance documentation.
Step 3: Submit Your Application to Dubai South
Submit the completed application form along with supporting documents to the Dubai South Business Hub licensing authority. Applications can often be initiated online through the free zone's official portal.
Step 4: Regulatory Approvals
Certain investment management activities may require additional approval from the UAE Securities and Commodities Authority (SCA) or the Central Bank of the UAE, depending on the scope of services offered. Your licensing consultant will advise on the specific approvals needed for your activity.
Step 5: Pay Fees and Receive Your License
Once approvals are granted, pay the applicable license and registration fees. Licenses are typically issued within a few business days following payment confirmation.
Estimated Costs and Timeline
Setup costs for a General Investments Management & Operation Business License at Dubai South Business Hub vary depending on the chosen office package, number of visas required, and any additional regulatory approvals. As a general indication, initial license fees, registration charges, and a flexi-desk or office space arrangement can range from AED 15,000 to AED 30,000 or more for the first year. Timelines from application to license issuance typically range from five to fifteen working days for straightforward applications, though activities requiring SCA or Central Bank approval may take longer.
Compliance and Ongoing Obligations
License holders must renew their Business License annually, maintain accurate financial records, and comply with UAE Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations. Entities managing third-party funds or offering investment advice to retail clients will need to adhere to the regulatory framework set by the relevant UAE financial regulator. Appointing a UAE-registered compliance officer is strongly recommended.
Why Dubai Is Well-Positioned for Investment Management
The UAE attracted approximately USD 30.7 billion in foreign direct investment in 2023, reflecting sustained confidence in the country's economic fundamentals. Dubai's position as a bridge between East and West, its world-class infrastructure, its growing pool of high-net-worth individuals, and its expanding network of double taxation treaties make it an exceptional jurisdiction for investment management firms. The introduction of the UAE Corporate Tax regime, which maintains a 0% rate for qualifying free zone persons, further enhances Dubai's competitiveness as a global financial hub.
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