Forfaiting Services
Considering Forfaiting Services for your business idea? This DWTC Free Zone listing uses code 6599-15. Use the details below to decide whether it belongs in the shortlist you discuss with Dubiz.
Activity code 6599-15
Listed activity name: Forfaiting Services
- Activity code
- 6599-15
- Jurisdiction
- DWTC Free Zone
- Licence type
- Commercial
- Group code
- 6599
Activity description
Includes firms engaged in purchasing commercial bills and credit documents or other receivables at certain discount by paying cash, thus the forfaiter frees the exporter or the beneficiary from the debt and becomes the entity to whom the importer will pay, the documents involve normal, deferred and standby letters of credit, promissory notes, bills of exchange, irrevocable payments guarantees.
Additional requirements
No Additional NOCs Required
Authority reference: DWTC activities and licences. Confirm the latest scope and requirements with the authority.
Add this option to your Dubiz launch brief
- Note which planned product or service led you to this listing, and how it fits your business idea.
- Keep the activity code and jurisdiction together so you can find the same option again.
- List the questions still unanswered by the record, then share the candidate with Dubiz before committing to an application.
Plan your next step with Dubiz
Share this activity with the Dubiz team to discuss how it fits your business plan and which licence requirements need confirmation.
Plan your business with DubizPublished by Dubiz Business Setup. This is an independent research directory, not a licensing decision. Data sources and limitations.