CRYPTOCURRENCY LICENSE IN DUBAI, UAE

CRYPTO
CURRENCY LICENSE IN DUBAI, UAE

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Launch a Legally Compliant Crypto Business in Dubai

Dubai is quickly becoming a global crypto hub, with clear regulations and a forward-looking environment for blockchain innovation. If you’re ready to offer crypto trading, wallet services, or blockchain-based solutions, getting licensed under Dubai’s VARA framework is your first step.

At Ofin Global, we offer full-spectrum support—from understanding eligibility to securing your Virtual Asset Service Provider (VASP) license—so you can enter the UAE market with clarity and confidence.

What Is VARA and Why It Matters

The Virtual Assets Regulatory Authority (VARA) is Dubai’s dedicated regulator for digital asset businesses. Whether you’re launching a crypto exchange, proprietary trading desk, or DeFi platform, registration with VARA ensures:

  • Legal operating status in Dubai
  • Investor trust & regulatory clarity
  • Global recognition as a licensed crypto firm

Eligibility & Key Requirements

To apply for a cryptocurrency license in Dubai, your business must meet the following:

Fit & Proper Management

Directors, shareholders, and managers must pass background and compliance checks.

Capital Requirements

Minimum capital thresholds depend on license type (e.g., AED 500,000 for brokers, AED 1M+ for exchanges).

Detailed Business Plan

Submit a clear breakdown of crypto services, tech infrastructure, and AML policies.

Cybersecurity & Compliance

Must submit KYC/AML frameworks, cybersecurity protocols, and data governance plans.

Types of Cryptocurrency Licenses in the UAE

VARA VASP License

For exchanges, custodians, brokers, and crypto advisory platforms. Covers compliance, capital, and cybersecurity protocols.

IFZA Crypto License

Ideal for blockchain consulting, wallet services, and digital asset advisory. Low-cost, startup-friendly.

DMCC Crypto License

Focuses on proprietary trading of crypto. Best for firms managing in-house portfolios with regulatory support.

ADGM (Abu Dhabi) Crypto Framework

Offered under FSRA regulation—ideal for asset managers, custodians, and tokenization platforms.

Crypto Licensing Process in Dubai (10–17 Weeks)

  • Step 1 – Initial Consultation

    Define license type, jurisdiction (free zone/mainland), and legal entity setup.

  • Step 2 – Pre-Approval Submission

    Submit business plan, financial model, compliance policies, and shareholder info.

  • Step 3 – Due Diligence by VARA

    In-depth review of your team, structure, and risk management practices.

  • Step 4 – Final Application & Payment

    After initial approvals, submit final forms and pay government and license fees.

  • Step 5 – License Issuance & Onboarding

    Get your official crypto license and set up operations with required banking, offices, and technical setup.

Crypto Licensing Process in Dubai (10–17 Weeks)

  • Step 1 – Initial Consultation

    Define license type, jurisdiction (free zone/mainland), and legal entity setup.

  • Step 2 – Pre-Approval Submission

    Submit business plan, financial model, compliance policies, and shareholder info.

  • Step 3 – Due Diligence by VARA

    In-depth review of your team, structure, and risk management practices.

  • Step 4 – Final Application & Payment

    After initial approvals, submit final forms and pay government and license fees.

  • Step 5 – License Issuance & Onboarding

    Get your official crypto license and set up operations with required banking, offices, and technical setup.

FAQs – Cryptocurrency License in Dubai

Here are answers to the most frequently asked questions.

How long does it take to get a crypto license in Dubai?
Typically 10–17 weeks, including all due diligence, approvals, and setup.

Yes. All crypto-related activities must be licensed under VARA or a designated regulator (like FSRA or DFSA).

What is the cost to obtain a crypto license?

Starting from AED 23,575, depending on license type, zone, and activity. Speak to us for a detailed estimate.

Can I operate globally with a Dubai crypto license?

Yes. A Dubai license boosts credibility and helps access global partnerships, investors, and platforms.

Do I need to rent office space in Dubai?
Yes, physical office space is often required, especially for VARA and DMCC jurisdictions.

Get Expert Help to Start Your Crypto Business in Dubai

Dubai offers one of the world’s most regulator-friendly ecosystems for crypto entrepreneurs. But licensing is complex—don’t risk delays or rejections.

Let Ofin Global help you get licensed, compliant, and operational—the right way.