DS-Concept Intelligent Trade Finance (DS-Concept Factoring UAE) has received a category-2 licence by the Dubai Financial Services Authority (DFSA). This licence allows the company to provide credit, advise on financial products and arrange deals in investments. DS-Concept has consequently moved its Dubai offices to the Dubai International Financial Centre (DIFC).

“As we are based at DIFC, one of the largest financial centres in the world and regulated by DFSA, one of the most prestigious financial service regulators, we have all the right ingredients for continued success in the Middle East,” comments Ankit Goel, managing director of DS-Concept Factoring UAE. “Obtaining this category-2 licence from the DFSA, in Dubai, is certainly a proud moment for DS-Concept as a group and a major milestone in our company’s history.”

Headquartered in Germany, DS-Concept Group’s existing network of offices and affiliates include the US, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the UK, China, Hong Kong and the UAE.