A comparison between UAE Central Bank Rep Office License and DFSA Regulated DIFC Rep Office

UNITED ARAB EMIRATES
Timing
Once the application forms have been completed, the UAE central bank process can take between six to eight months to be finalised and requires lobbying by the institution to assist the process;
Nature of activities that may be undertaken by the representative office

• Representing the licensed financial establishment in conducting business inside the country, including contacts with relevant parties as well as promoting its services in the local market.
• Providing its Head Office with information regarding the economic developments in the country.
• Providing its customers with information regarding the local market.
• Providing information to any local party which intends to develop its activities in countries where the licensed financial establishment operates.