Just a week after acquiring an operational license in the United Arab Emirates (UAE), Capital.com announced opening a new regional headquarters in the Middle-Eastern country. This decision aligns with the company's participation in the UAE's NextGenFDI initiative to attract cutting-edge digital businesses to the country.

Capital.com Expands to UAE with New Regional Headquarters

The new subsidiary, Capital Com MENA Securities Trading LLC, will serve as Capital.com's operating headquarters for the regions including the Middle East, North Africa, and Asia. This strategic expansion allows the company to consolidate in the UAE market while positioning itself for further growth across neighboring regions.

Capital.com's entry into the UAE follows the company's recent acquisition of a full regulatory license from the UAE Securities and Commodities Authority. Tarik Chebib, the President of Brokerage for Middle Eastern Operations, who joined the company in 2021, conveyed this information yesterday (Tuesday).

“As a cutting edge fintech company regulated across multiple jurisdictions, the UAE was a natural choice for our first subsidiary in the region,” Kypros Zoumidou, the Group Chief Executive Officer of Capital.com, said.

And he added that the UAE offers a business-friendly ecosystem and supportive market-entry requirements, making it a “perfect location as a base” for Capital.com’s wider expansion.

Capital.com's expansion into the new market is crucial, especially since the company has suspended the acceptance of new clients in its standard positions. Two weeks ago, the firm announced it was suspending the onboarding of new accounts in the UK.

Leveraging UAE's Tech Ecosystem and Talent Pool

As part of the NextGenFDI program, Capital.com will benefit from the UAE's robust technology ecosystem and deep talent pool. Previously, the company sponsored initiatives like NextGenTalent, which aimed to develop advanced technology skills among Emirati youth.

"The UAE offers not just one of the most vibrant ecosystems in the world but also serves as an access point to expanding regional economies and the high-growth markets of Asia and Africa," said Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.

The company's recent growth results support Capital.com's expansion into the UAE. In 2023, the platform's total client trading volumes surpassed $1 trillion for the first time, marking a 43% increase from the previous year. This has earned Capital.com recognition as one of the 50 fastest-growing technology companies in the Middle East and Cyprus.