Fees And Payment

All fees related to the application, variation, withdrawal and ongoing supervision of Ancillary Services Providers are prescribed in the AIFC Fees Rules.

Applicants must ensure that their payment is made in accordance with the applicable schedule and provide confirmation of payment at the time of submission. Failure to do so may result in the application being considered materially incomplete.

APPLICATION FEES

Application fees are payable per Ancillary Service type applied for. The applicable amounts are set out in Schedule 3 of the AIFC Fees Rules.

Activity	Fee (USD)
Providing Legal Services	2 000
Providing Audit Services	2 000
Providing Accountancy Services	2 000
Providing Consulting Services	2 000
Providing Credit Rating Services	2 000

FEES FOR MODIFICATION OR WITHDRAWAL OF A LICENCE

Application to Modify or Withdraw a Licence

Fee (USD)

Variation of an Ancillary Service Provider’s

Licence

The application fee, as outlined in Table 1.1 of Schedule 3 of FEES, applies to the addition of a new type of Ancillary Service. This fee is relevant only when requesting a variation to the scope of the Licence to include additional Ancillary Services.

Withdrawal of an Ancillary Service Provider’s

Licence

At present, AFSA does not intend to charge an

application fee for these activities. Any such

application fee shall be determined by AFSA at a later date.

ANNUAL SUPERVISION FEES FOR ANCILLARY SERVICES

Annual supervision fees for Ancillary Services are determined by the activities the Ancillary Service Provider conducts as set out below:

Ancillary Services	Fee (USD)
Providing Legal Services	1 500
Providing Audit Services	2 000
Providing Accountancy Services	1 500
Providing Consulting Services	1 000 excluding Company service provider activity 2 000 including Company service provider activity
Providing Credit Rating Services	1 000

Please note: If your firm is licensed for more than one service, only the highest applicable fee will be charged.