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The Critical First Step
The Middle East’s financial sector continues to expand at a remarkable pace. According to the DIFC 2024 Annual Report, the Centre recorded a 23 percent increase in registered financial firms, reflecting the region’s growing prominence as a global financial hub. Regulatory authorisation in the Middle East is a vital gateway for any fintech, asset manager, or advisory firm seeking to enter these dynamic markets. Navigating this process successfully can unlock growth opportunities. Missteps, however, can cost time, money, and credibility.
As Hani Kablawi, Chairman of International at BNY Mellon, noted, “Success in financial services today depends not only on innovation but on regulatory readiness.”
Why Regulatory Strategy is Essential
Jurisdiction selection must be made carefully at the earliest stages of business planning. The differences between the DIFC, ADGM, and Saudi Arabia’s CMA are significant and influence everything from operational structuring to client onboarding models.
For instance, the DIFC is renowned for its progressive environment, attracting firms launching financial firms in the UAE and offering strong cross-border transaction frameworks. The ADGM operates under a direct application of English Common Law, offering a unique legal environment for firms seeking predictability. Meanwhile, the CMA is firmly focused on maintaining capital market integrity and enforcing strong governance frameworks.
Aligning the business model with the appropriate licence type is equally critical. Firms must decide between advisory, asset management, principal trading, or fintech innovation testing licences, each carrying distinct regulatory obligations.
The ADGM reported that 35 percent of applications in 2024 originated from fintech firms seeking innovation testing licences, demonstrating the increasing demand for DIFC and ADGM regulatory approvals in the region.
Unpacking the Authorisation Journey
Securing regulatory authorisation in the Middle East involves a detailed, multi-stage journey. Each regulator requires the submission of a comprehensive regulatory business plan that outlines the firm's governance structures, financial viability, and operational strategies.
Applicants must prepare detailed financial projections and complete extensive disclosure forms covering ownership structures, senior management qualifications, and risk management frameworks. Each jurisdiction has its own timeline, typically ranging from three to nine months, depending on application completeness and regulator feedback.
As Julia Hoggett, CEO of London Stock Exchange plc, emphasises, “Compliance is no longer a box-ticking exercise. It is integral to market credibility.”
Understanding these requirements is essential for firms looking to obtain DIFC financial firm licencing, ADGM regulatory approval, or CMA Saudi Arabia authorisation in a timely and efficient manner.
How j. awan & partners Approaches Authorisation
At j. awan & partners, we bring a structured, strategic approach to the authorisation process.
We begin by conducting an in-depth scoping exercise with our clients to identify the most suitable jurisdiction and licence type for their business model. Our advisory services extend beyond documentation preparation; we actively liaise with regulators such as the DIFC, ADGM, and CMA to facilitate smooth communication, anticipating questions and providing proactive clarifications.
Our team advises on critical operational readiness areas, helping firms implement internal systems, governance frameworks, and compliance policies even before submitting their applications. This ensures that clients launching financial firms in the UAE or Saudi Arabia are positioned for success from the outset.
Our approach is particularly suited for those seeking expert compliance advisory in the Middle East, blending regulatory intelligence with commercial pragmatism.
Common Mistakes that Delay Licencing
Firms often underestimate the complexity of the authorisation process. Misjudging capital adequacy requirements, particularly in the CMA’s stringent financial environment, is a common error that can derail an otherwise strong application.
Incomplete governance documentation, including gaps in Board structures and oversight responsibilities, frequently results in regulatory pushback. Furthermore, AML and KYC framework weaknesses are a major cause of delay. A CMA report in 2024 revealed that 17 percent of licencing delays were attributable to deficiencies in initial AML documentation.
As Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority, aptly stated, “Strong compliance foundations are now central to maintaining trust and access to markets.”
These insights underscore the importance of investing in a robust regulatory authorisation strategy from the outset.
What Sets j. awan & partners Apart
j. awan & partners has completed over 450 successful regulatory authorisation projects across the region, supporting firms of all sizes and stages of growth.
Our dual expertise in governance, risk, and compliance (GRC) and regulatory technology solutions enables us to deliver efficient, high-quality services that reflect the evolving expectations of regulators.
We offer deep local insight, built on practical experience with regulators such as DIFC, ADGM, and CMA, while maintaining global compliance standards. Clients who partner with j. awan & partners benefit from our seamless integration of strategic advice and hands-on regulatory execution.
Whether you are seeking DIFC financial firm licencing, ADGM regulatory approval, or CMA Saudi Arabia authorisation, j. awan & partners stands ready to support your launch with clarity, certainty, and expertise.
Setting the Foundation for Sustainable Growth
Regulatory authorisation in the Middle East is not merely a procedural milestone. It is the foundation upon which firms build credibility, attract investors, and achieve long-term growth.
Those firms that prioritise regulatory preparedness and compliance from the beginning will enjoy stronger market positioning, lower operational risks, and greater investor confidence.
At j. awan & partners, we are proud to support our clients through every stage of this journey, helping them navigate complexity with confidence.
Ready to navigate your firm's journey to success? Contact our Regulatory Authorisation team today or request a customised proposal.
Email: info@jawanpartners.com | Visit: jawanpartners.com
How to Launch Financial Firms Across the DIFC, ADGM, and the KSA
Securing regulatory authorisation in the Middle East’s key financial hubs—DIFC, ADGM, and the KSA—is vital for sustainable growth. This article outlines the authorisation process, common challenges, and how j. awan & partners offers a strategic compliance-led edge.


How to Launch Financial Firms Across the DIFC, ADGM, and the KSA
Securing regulatory authorisation in the Middle East’s key financial hubs—DIFC, ADGM, and the KSA—is vital for sustainable growth. This article outlines the authorisation process, common challenges, and how j. awan & partners offers a strategic compliance-led edge.
The Critical First Step
The Middle East’s financial sector continues to expand at a remarkable pace. According to the DIFC 2024 Annual Report, the Centre recorded a 23 percent increase in registered financial firms, reflecting the region’s growing prominence as a global financial hub. Regulatory authorisation in the Middle East is a vital gateway for any fintech, asset manager, or advisory firm seeking to enter these dynamic markets. Navigating this process successfully can unlock growth opportunities. Missteps, however, can cost time, money, and credibility.
As Hani Kablawi, Chairman of International at BNY Mellon, noted, “Success in financial services today depends not only on innovation but on regulatory readiness.”
Why Regulatory Strategy is Essential
Jurisdiction selection must be made carefully at the earliest stages of business planning. The differences between the DIFC, ADGM, and Saudi Arabia’s CMA are significant and influence everything from operational structuring to client onboarding models.
For instance, the DIFC is renowned for its progressive environment, attracting firms launching financial firms in the UAE and offering strong cross-border transaction frameworks. The ADGM operates under a direct application of English Common Law, offering a unique legal environment for firms seeking predictability. Meanwhile, the CMA is firmly focused on maintaining capital market integrity and enforcing strong governance frameworks.
Aligning the business model with the appropriate licence type is equally critical. Firms must decide between advisory, asset management, principal trading, or fintech innovation testing licences, each carrying distinct regulatory obligations.
The ADGM reported that 35 percent of applications in 2024 originated from fintech firms seeking innovation testing licences, demonstrating the increasing demand for DIFC and ADGM regulatory approvals in the region.
Unpacking the Authorisation Journey
Securing regulatory authorisation in the Middle East involves a detailed, multi-stage journey. Each regulator requires the submission of a comprehensive regulatory business plan that outlines the firm's governance structures, financial viability, and operational strategies.
Applicants must prepare detailed financial projections and complete extensive disclosure forms covering ownership structures, senior management qualifications, and risk management frameworks. Each jurisdiction has its own timeline, typically ranging from three to nine months, depending on application completeness and regulator feedback.
As Julia Hoggett, CEO of London Stock Exchange plc, emphasises, “Compliance is no longer a box-ticking exercise. It is integral to market credibility.”
Understanding these requirements is essential for firms looking to obtain DIFC financial firm licencing, ADGM regulatory approval, or CMA Saudi Arabia authorisation in a timely and efficient manner.
How j. awan & partners Approaches Authorisation
At j. awan & partners, we bring a structured, strategic approach to the authorisation process.
We begin by conducting an in-depth scoping exercise with our clients to identify the most suitable jurisdiction and licence type for their business model. Our advisory services extend beyond documentation preparation; we actively liaise with regulators such as the DIFC, ADGM, and CMA to facilitate smooth communication, anticipating questions and providing proactive clarifications.
Our team advises on critical operational readiness areas, helping firms implement internal systems, governance frameworks, and compliance policies even before submitting their applications. This ensures that clients launching financial firms in the UAE or Saudi Arabia are positioned for success from the outset.
Our approach is particularly suited for those seeking expert compliance advisory in the Middle East, blending regulatory intelligence with commercial pragmatism.
Common Mistakes that Delay Licencing
Firms often underestimate the complexity of the authorisation process. Misjudging capital adequacy requirements, particularly in the CMA’s stringent financial environment, is a common error that can derail an otherwise strong application.
Incomplete governance documentation, including gaps in Board structures and oversight responsibilities, frequently results in regulatory pushback. Furthermore, AML and KYC framework weaknesses are a major cause of delay. A CMA report in 2024 revealed that 17 percent of licencing delays were attributable to deficiencies in initial AML documentation.
As Nikhil Rathi, Chief Executive of the UK Financial Conduct Authority, aptly stated, “Strong compliance foundations are now central to maintaining trust and access to markets.”
These insights underscore the importance of investing in a robust regulatory authorisation strategy from the outset.
What Sets j. awan & partners Apart
j. awan & partners has completed over 450 successful regulatory authorisation projects across the region, supporting firms of all sizes and stages of growth.
Our dual expertise in governance, risk, and compliance (GRC) and regulatory technology solutions enables us to deliver efficient, high-quality services that reflect the evolving expectations of regulators.
We offer deep local insight, built on practical experience with regulators such as DIFC, ADGM, and CMA, while maintaining global compliance standards. Clients who partner with j. awan & partners benefit from our seamless integration of strategic advice and hands-on regulatory execution.
Whether you are seeking DIFC financial firm licencing, ADGM regulatory approval, or CMA Saudi Arabia authorisation, j. awan & partners stands ready to support your launch with clarity, certainty, and expertise.
Setting the Foundation for Sustainable Growth
Regulatory authorisation in the Middle East is not merely a procedural milestone. It is the foundation upon which firms build credibility, attract investors, and achieve long-term growth.
Those firms that prioritise regulatory preparedness and compliance from the beginning will enjoy stronger market positioning, lower operational risks, and greater investor confidence.
At j. awan & partners, we are proud to support our clients through every stage of this journey, helping them navigate complexity with confidence.
Ready to navigate your firm's journey to success? Contact our Regulatory Authorisation team today or request a customised proposal.
Email: info@jawanpartners.com | Visit: jawanpartners.com