Establishing a Money Services Firm in Abu Dhabi in 2025
Abu Dhabi stands out as one of the world’s premier hubs for financial services and innovation. Within this thriving environment, the Abu Dhabi Global Market (ADGM) has firmly established itself among the leading financial centres globally, offering businesses a well-regulated and supportive infrastructure to deliver financial services.
Overseen by the Financial Services Regulatory Authority (FSRA), ADGM provides firms with a transparent and internationally recognized regulatory framework, ensuring that entities operate with stability and integrity.
In this 2025 update, the SALVUS Payment Services Licensing team outlines key insights into obtaining a Money Services Firm (MSF) license from the FSRA, including:
1. Why establish a Money Services Firm in Abu Dhabi
2. Features of the MSF License
3. Key Compliance obligations for an MSF
4. How SALVUS can assist with your MSF application
We regularly share bite-sized insights on LinkedIn such as those found in this article
1. Why establish a Money Services Firm in Abu Dhabi
Abu Dhabi continues to expand as a global fintech powerhouse, fostering innovation, reliability, and rapid growth. The FSRA’s regulatory framework is among the most sophisticated in the region, closely modelled on legal principles common to major global financial hubs.
Entities operating in Abu Dhabi benefit from:
- Tax advantages, including zero personal and corporate income taxes.
- Broad double taxation treaties with key jurisdictions worldwide, including many EU member states.
- A common law framework at ADGM, aligned with English Common Law but supported by its own civil and commercial laws.
- Full foreign ownership, capital repatriation freedoms, and no currency exchange restrictions.
- Strategic proximity to major markets across the Middle East, Africa, and South Asia (MEASA).
Additionally, Abu Dhabi’s strong trade relationships with global powers—such as the United States, China, and the EU—make it a prime choice for investors looking to capitalize on international opportunities.
2. Features of the MSF License
The Money Services Firm (MSF) license issued by the FSRA falls under the Category 3C License in ADGM and covers key payment-related services.
| Features | Category 3C |
|---|---|
| Services | 1. Currency exchange 2. Money Remittance 3. Payment Account Provider 4. Stored Value Provider |
| Minimum Regulatory Capital | 250,000 USD (subject to exceptions for certain pre-authorised firms) |
| Licensing Timeframe | approx. 12 months |
*Entities interested in offering any combination of these services must obtain an MSF license and meet the FSRA’s regulatory obligations.
Connect with us at info@salvusfunds.com if you are planning to establish a Money Services Firm under ADGM and FSRA in Abu Dhabi.
3. Key compliance obligations for an MSF in Abu Dhabi
Operating a Money Services Firm in ADGM requires strict adherence to FSRA regulatory expectations. The principal compliance obligations include:
Licensing and Registration
- Submission of a detailed application including a business plan, financial forecasts, and governance arrangements.
- Demonstrating that key individuals meet the “fit and proper” standards of qualification, integrity, and competence.
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)
- Implementing robust AML/CTF policies and internal controls.
- Performing effective Customer Due Diligence (CDD) and monitoring transactions for suspicious behavior.
Financial Reporting and Audits
- Regularly submitting financial reports to the FSRA.
- Appointing external auditors to verify financial health and regulatory compliance.
Capital and Liquidity Requirements
- Maintaining the FSRA-mandated minimum capital and liquidity reserves.
- Ensuring prudent liquidity management to meet operational obligations.
Data Protection and Cybersecurity
- Implementing comprehensive data protection policies.
- Establishing a cybersecurity framework to protect financial systems and client data.
Corporate Governance and Regulatory Cooperation
- Building a strong governance framework with well-defined board and management responsibilities.
- Maintaining proactive engagement and transparency with the FSRA, including prompt reporting of material developments.
By fulfilling these compliance obligations, MSFs can contribute to maintaining the integrity and stability of the ADGM financial ecosystem, while also building client trust and operational resilience.
4. How SALVUS can assist your MSF application
The SALVUS Payment Services Licensing team is composed of seasoned professionals who provide tailored support at every stage of the MSF licensing process with the FSRA and ADGM.
We support you by:
- Structuring an effective portfolio of money services aligned with your business goals.
- Preparing a complete and robust application package to maximize success.
- Managing regulatory interactions and addressing FSRA queries.
- Advising on operational planning, including human resources and outsourcing options.
Our expertise ensures your licensing journey is efficient, compliant, and strategically planned for long-term success in Abu Dhabi’s dynamic financial sector.
Connect with us at info@salvusfunds.com if you are planning to establish a Money Services Firm under ADGM and FSRA in Abu Dhabi.
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The information provided in this article is for general information purposes only. You should always seek professional advice suitable to your needs.