Accepting Deposits

Accepting Deposits means accepting money or funds received as a Deposit if that money or funds are:

a) lent to other Persons; or
b) used to finance wholly, or partly, any other activity of the Person accepting the Deposit.

To the extent that any activity constitutes Opening and Operating Bank Accounts, such a Regulated Activity is taken to be incorporated within Accepting Deposits.

AIFC General Rules, Schedule 1


Authorisation Fee (paid once):

15 000 USD


More information and templates are available on AFSA’s website

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