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Hi, i have been looking at a few sites in Dubai with the info on Money Exchange etc but i could not find the requirements anywhere, I even tried to Search these forums but nothing authentic came up.
I am planning to open up a money exchange in Dubai with my business partner, what i wanted to know was the requirements by the government/Bank in Dubai, and how does the liscensing works. Any info would be highly appreciated.

P.S ... i am not looking to do any money transfers to any other country at the moment.

Thanks.

Bump!

Still looking for some info if anyone could share.

Thanks in advance.

- Hi DUDE -
WHAT DO YOU MEAN BY OPENING
A MONEY EXCHANGE IN DUBAI?

I THINK IT NEEDS SPECIAL SANCTIONS
FROM THE UAE CENTRAL BANK AND THE
MINISTRY OF ECONOMY & PLANNING. (THE
CASH RESERVE / GUARANTEE TO BE GIVEN
MIGHT ALSO BE HIGH).

I THINK DUBAI INTERNATIONAL
FINANCIAL CENTRE (DIFC) IS THE PLACE
FROM WHERE U CAN START ON.