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Crypto License in Dubai - Fast and Efficient

UEA Crypto License 2023

  • Advisory Services

  • Broker-Dealer Services

  • Custody Services

  • Exchange Services

  • Lending and Borrowing Services

  • VA Management and Investment Services

  • VA Transfer and Settlement Services

  • Company Formation;

  • Assistance in Obtaining Cryptocurrency Licenses;

  • Help with AML/CTF Documentation;

  • Application Submission 

    Starting from €20,000.

The Virtual Assets Regulatory Authority (VARA) www.vara.ae is the body that supervises and regulates the distribution, utilization, and trade of virtual assets within and originating from the Emirate of Dubai
Vara.ae Brand Logo
Government of Dubai logo
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Crypto  License Dubai - Government Fees

VA Activity
Licence Application Fee [ per Activity]
Licence Extension Fee
Annual Supervision Fee
Share Capital
VA Transfer and Settlement Services
AED 40,000 10,900$
AED 20,000 5,450$
AED 40,000 10,900$
The higher of [i] AED 500,000; or [ii] 25% of fixed annual overheads.
Advisory Services
AED 40,000 10,900$
AED 20,000 5,450$
AED 40,000 10,900$
AED 100,000.
Broker-Dealer Services
AED 100,000 27,250$
AED 50,000 27,250$
AED 100,000 27,250$
Broker-Dealer Services using a VASP Licensed by VARA to provide Custody Services or otherwise approved during the licensing process: the higher of [i] AED 400,000; or [ii] 15% of fixed annual overheads. In all other instances, the higher of [i] AED 600,000; or [ii] 25% of fixed annual overheads.
Custody Services
AED 100,000 27,250$
AED 50,000 27,250$
AED 100,000 27,250$
The higher of [i] AED 600,000; or [ii] 25% of fixed annual overheads.
Exchange Services
AED 100,000 27,250$
AED 50,000 27,250$
AED 100,000 27,250$
Exchange Services using a VASP Licensed by VARA to provide Custody Services or otherwise approved during the licensing process: the higher of [i] AED 800,000; or [ii] 15% of fixed annual overheads. In all other instances, the higher of [i] AED 1,500,000; or [ii] 25% of fixed annual overheads.
Lending and Borrowing Services
AED 100,000 27,250$
AED 50,000 27,250$
AED 100,000 27,250$
The higher of [i] AED 500,000; or [ii] 25% of fixed annual overheads.
VA Management and Investment Services
AED 100,000 27,250$
AED 50,000 27,250$
AED 100,000 27,250$
VA Management and Investment Services using a VASP Licensed by VARA to provide Custody Services or otherwise approved during the licensing process: the higher of [i] AED 280,000; or [ii] 15% of fixed annual overheads. In all other instances, the higher of [i] AED 500,000; or [ii] 25% of fixed annual overheads.
govrmetn fees

Our Clients 

Compare Dubai, Lithuania & Estonia's Crypto License

Feature
Dubai
Lithuania
Estonia
Cost
20 000€
20 000€
25 000€
License Type & Government fee
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services
No additional fee
10 000€
Audit
May be required by VARA
Not required
Monthly and yearly are needed
Office
Required
Can be virtual
Required
AML (Anti-Money Laundry Officer)
Can be any nationality
Local needed
Local needed
AML monthly salary
5000€
Starting from 1200€
Starting from 2000€
Local director
Can be any nationality
Can be any nationality
Can be of any nationality, but have to live in Estonia
Share capital terms
Immidiately
25% now, 75% within a year.
Immediately
Required share capital
24,250€ (Advisory Services) - 194,000€ (Exchange Services)
125 000€
100 000€ - Crypto wallet and custodian services license. 250000€ - Cryptocurrency exchange license
compare

Crypto  License Dubai Explained

Image representing crypto licensing in Dubai and Dubai

Application submissions can be made through mainland firms, or any Dubai Free Zone Authority (FZA) in the emirate of Dubai (excluding DIFC).

License Registration Process -  
 
Step 1 - Initial Approval Application
  1. Company Registration

  2. Submit an Initial Disclosure Questionnaire

  3. Business Plan Preparation: Creation a detailed business plan outlining your intended operations, financial projections, and how you plan to incorporate crypto into your business model.

  4. Include details of the firm’s beneficial owners and senior management.

  5. Pay the initial fees [normally 50% of the license application fee] required to commence the application review.

  6. Receive an Initial Approval to finalize onboarding the firm’s legal incorporation and to complete operational set-up including office space rental, employee on-boarding, and so forth. NOTE: At this point, the firm is not permitted to carry on Virtual Asset activities.

Step 2 - Full Market Product (FMP) Licence Application
  1. Prepare and submit documentation according to the guidance provided by VARA upon receipt of the Initial Approval.

  2. Receive feedback directly from VARA on the submission which may include meetings, interviews, and submission of further documentation.

  3. Pay the remaining portion of the application license fees and the first year’s supervision fees.

  4. Receive an FMP Licence, which may be subject to operational conditions.

Crypto license Dubai

Our Team 

Lena Elvbakken, Founder  of Consulting24, leading the way in crypto licensing in Dubai
Lena Elvbakken
Co-founder
  • LinkedIn

"For businesses exploring the digital currency space, we specialize in procuring a Dubai cryptocurrency license. Our guidance helps clients maneuver the complex regulatory framework, facilitating successful acquisition of necessary crypto licenses. Count on our expertise to guide you through Dubai's regulatory landscape for your cryptocurrency ventures."

Mardo Soo, Consulting24's CEO, leading the way in crypto licensing in Dubai
Mardo Soo
Founder
  • LinkedIn

"As the CEO of Consulting24, my aim is to assist entrepreneurs in establishing their businesses in Dubai and securing cryptocurrency licenses in a cost-effective manner. We simplify the complex procedure of obtaining a Dubai crypto license and help manage your expenses. Our goal is to open up the dynamic Dubai crypto market for you while keeping licensing costs manageable. Trust us to guide you affordably through your crypto licensing journey in Dubai."

Dubai crypto license
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