Crypto License in Dubai, UAE
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The MENA region is home to one of the fastest-growing crypto trading industries, with over 1,800 organizations employing nearly 9,000 people as of 2023. Leading this growth is the UAE, particularly Dubai, which has struck a balance between innovation and regulation to create a stable market environment.
In 2022, Dubai established the Virtual Asset Regulatory Authority (VARA), an entity focused exclusively on regulating digital assets. VARA oversees the issuance, sale, and trading of virtual currencies, defining their legal characteristics and determining how these assets can be managed, controlled, and transferred.
To ensure a well-regulated market, VARA has implemented a comprehensive digital asset framework that governs all aspects of crypto-related activities. This includes services such as custody, brokerage, and exchange of digital assets, creating a robust regulatory structure.
As the world’s first independent digital asset regulator, VARA has attracted a wide array of both new and established crypto businesses to Dubai. The emirate has become a global hub for virtual currencies, with companies like Binance and Laser Digital already operating under VARA’s regulations, and many more expected to join.
In addition to VARA, the broader trading of cryptocurrencies in the UAE is regulated by the Securities and Commodities Authority (SCA). The SCA has released several key regulations in recent years, stipulating that any entity wishing to engage in crypto-related business onshore in the UAE must obtain the appropriate crypto license in Dubai.
Agility Global Consulting plays a crucial role in this evolving landscape by assisting businesses in navigating the regulatory framework and obtaining the necessary licenses to operate in the dynamic crypto market. This license is mandatory for a variety of activities, including the operation of virtual asset platforms, management services, exchange and brokerage services, virtual asset wallet services, and all forms of virtual token trading.
Free Zone Business Setup
Mainland Business Setup
Run your business anywhere in the UAE without any limitations.
Offshore Business Setup
Set up your offshore company and operate outside the UAE with a corporate bank account.
Step 1: Decide on Your Crypto Business Activity
The first step is to choose the type of crypto business you want to establish. Options include trading, brokerage, exchange, wallet services, or token platforms. The experts at Agility Global can help determine the best activities for your business.
Step 2: Select the Right Location for Your Crypto Business
After deciding on your business type, choose an ideal location for setup. Dubai offers numerous free zones suitable for crypto businesses, but you may also consider other emirates depending on your requirements for services and amenities.
Step 3: Choose a Unique Company Name
With many crypto businesses in the UAE, picking a distinct company name is crucial. Ensure the name complies with UAE guidelines—no offensive or blasphemous terms and no references to existing companies or entities.
Step 4: Prepare and Submit Required Documents
A dedicated expert at Agility Global will assist in gathering all necessary documents. These include a completed application form, passport copies, visa details, and potentially a lease agreement or business plan if applicable.
Step 5: Obtain Your Crypto License and Trade License
Agility Global will handle the entire application process, liaising with relevant authorities. To operate a crypto business in Dubai, you'll need a trade license and approval from SCA or VARA. Once obtained, you're ready to start your business in the UAE.
How Much Does Business Setup In Dubai Cost?
Mainland
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Free Zone
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Business Setup in Mainland
Dubai Mainland
Our specialists will assist you in choosing the most suitable and beneficial Dubai mainland license for your company, whether it’s commercial, industrial, or professional.
Free Zone
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Offshore
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With over 50 free zones in the UAE, how do you determine which one is best for your business? Choosing the right location for your Business Setup in UAE Free Zones will position your company for success.
UAE Free Zones
Business Setup in UAE Free Zones
Offshore
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Mainland
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With several offshore jurisdictions in the UAE, selecting the right one is crucial for your business. Offshore company formation offers benefits such as asset protection, tax efficiency, and enhanced privacy. Our experts will guide you through the process, ensuring a seamless offshore Business Setup in the UAE tailored to your specific needs.
Offshore Business
Offshore Business Setup in UAE
#1
A copy of your passport – and that of any other shareholders
#2
A copy of your residence visa
#3
A copy of your visa (if applicable)
#4
A No Objection Certificate (NOC) (if applicable)
Why Business Setup in UAE?
Maximize your earnings with Agility Global Consulting through UAE’s 0% income tax policy by setting up your business in the UAE. Repatriate 100% of your capital and profits to your home country, while benefiting from customs duty exemptions on imports and exports. Take advantage of Dubai’s booming market demand, boosted by Expo 2020, with the flexibility to operate without leasing office space, depending on the zone.
With Agility Global Consulting, enjoy minimal paperwork and reduced auditing requirements, access new markets across the Middle East, Africa, Europe, and Asia, and experience full company ownership through our streamlined, online business setup processes in Dubai and the UAE.