Add new service in existing License
Service Description
This service is intended/designed to allow for the addition of a new (Qualified) Trust Service to a valid license of (Qualified) Trust Service Providers
Service Steps
Expected Time
Within 30 days of application completion date
Fees
- New license application fee: 10,000 AED (one-time, regardless of the number of services)
- License issuance fee for providing a Trust Service: 12,000 AED (per service, as per Fees Regulation)
- License issuance fee for providing a Qualified Trust Service: 15,000 AED (per service, as per Fees Regulation)
- The Authority applies a proportional fee calculation mechanism for adding a service to an active license, provided that the added service license fee is not less than 1,000 AED, regardless of the remaining license duration
Target Audience
Business Sector
Service Channels
Portal
Smart App
Service Conditions
- The application fee is non-refundable regardless of the final outcome of the application, whether being granted or denied
- TDRA may reject/deny/refuse the request if the requirements are not completed within 60 days from request submission/filing date
- If approved, the (new) service is added to the valid license without changing the license expiration date
- If the licensing application is approved, the license is to be issued in return for advance payment of the license issuance fee based on the number and type of services under the Fees Regulation
Complication Level
Complex service
Service Package
Trust Service Provider License
Service outcome
- Amended TSP license - Amended QTSP license - Amendment to the UAE Trusted List
Service Remark
No service remarks
Service Limitation
TSPs and QTSPs licensed by TDRA
Linkage to Other Services
The service is linked to "New Application for Trust Services License" service
Required Documents
- Provide all requirements:
- Copy of the license issued by the competent authority or otherwise entitling them to engage in activities in the country
- Statement of the commercial/business activities not related to Trust Services and Qualified Trust Services that the license applicant is authorized to practice
- Data of the license applicant's operating location or place of business in the country
- Copy of the license applicant's work plan, showing the nature and strategy of their business, goals, marketing plans, and service delivery plan
- Type of commercial/business/trade license and partners' shares therein, if any, and the organizational structure of the licensing applicant
- Statement of institutional and operational capabilities/capacities of the licensing applicant
- Compliance assessment report not exceeding one month
- Copy of the documents submitted during the compliance assessment process
- Service termination plan
- Financial data report for the last fiscal year issued by a UAE-accredited auditor, proving the availability of financial resources equivalent to (5,000,000) five million AED
- Providing a bank guarantee or insurance determined by TDRA, which is automatically renewed upon license renewal
