Why Join FinTech Lab?

☑ Flexible Entry for Early-Stage Startups: The Testing Regime allows startups that do not yet meet the full regulatory requirements to begin offering FinTech services. They can gradually align with regulatory obligations, making it easier to enter the market and scale responsibly.

☑ Expanded Activity Authorisation: If an activity isn’t covered by existing AIFC legislation, a company can still apply to FinTech Lab for approval to test its innovation.

☑ Simplified capital requirements: Providing the AFSA evidence of the availability of adequate funds to meet at least 12 months of operational expenses.

☑ Reduced regulatory fees:

• 5% of the standard licence modification fee for changing a license under the full regulatory regime
• 10% of the rate of full regulatory regime supervision fee for Market Activities
• 20% of the rate of full regulatory regime supervision fee for Regulated Activities

☑ Clear transition path: A transparent process of transition from sandbox to a permanent work model after successful testing.