Crypto License in DMCC Free Zone
Have you ever thought about launching a cryptocurrency business in Dubai? Establishing your cryptocurrency business in the DMCC-free zone can be the right move for business owners.
The world is gradually shifting to digital technologies as time goes on. Over time, technology has become more prevalent. As a result, it is not surprising that everything is readily accessible online or is becoming digital.
The United Arab Emirates has acknowledged the influence of cryptocurrency. The DMCC Crypto Center was therefore established in recent years through a Memorandum of Understanding (MoU) between the Securities and Commodities Authority (SCA) and the Dubai Multi Commodities Centre (DMCC) free zone, which is the government-approved authority on commodities trading and enterprise in Dubai.
But the DMCC Crypto Center now operates under the Virtual Assets Regulatory Authority (VARA), UAE’s dedicated crypto regulator, as per the 2024 Federal Decree No. 111.
This comprehensive guide will cover everything you need to know about obtaining a crypto license in the DMCC Free Zone and the detailed procedure for launching a cryptocurrency business in Dubai.
Why Choose DMCC for Your Crypto Business?
One of Dubai’s prime free zones, the DMCC is renowned for its modern facilities, convenient location, and supportive regulatory environment.
Companies in the blockchain and cryptocurrency space gain from DMCC’s specialized Crypto Center, clear licensing procedures, and worldwide financial network access. Here is why DMCC is perfect for crypto business:
Strong Regulatory Framework
By guaranteeing that all cryptocurrency enterprises function within an open and safe regulatory environment, the DMCC Crypto Centre raises investor confidence and credibility.
Tax-Free Benefits
Company owners who hold a crypto license in DMCC are safe from import and export taxes and no personal income tax.
DMCC businesses are exempt from 9% federal corporate tax if operating outside the mainland UAE and not transacting with UAE residents.
But offshore companies must file annual economic substance reports with the UAE Ministry of Finance to retain tax-free status.
Strategic Location and Global Access
Due to its advantageous location, Dubai is a central worldwide hub for cryptocurrency enterprises, providing quick access to markets in the Middle East, Africa, Asia, and Europe.
Dedicated Crypto & Blockchain Ecosystem
The Crypto Center at DMCC is home to fintech innovators, blockchain entrepreneurs, and cryptocurrency exchanges. It fosters a perfect networking environment for expansion and collaboration among business owners.
Types of Crypto Licenses in DMCC
DMCC offers 12 specialized crypto licenses under its 2025 Crypto Tower initiative, including niche categories like metaverse services and proprietary mining. Applicants must select activities from DMCC’s approved list.
All DMCC crypto businesses must onboard to the Crypto Tower’s blockchain tenant management system within 90 days of licensing
After all, below are some crypto licenses issued by DMCC in Dubai:
Crypto Trading License
The DMCC Free Zone Authority is responsible for issuing crypto licenses. You can purchase and trade cryptocurrency commodities with this DMCC Crypto license. However, there is a fee associated with acquiring the license.
For example, a company that engages in activities like cryptocurrency exchanges, crypto brokerage services, financial services, banking, payment processing, or storage services will not be granted any cryptocurrency license by the DMCC.
You cannot apply for a license at the DMCC until the free zone management has permitted you to do so. The DMCC is at the center of these developments, having also created a proprietary trading standalone license.
AED 50,000 is the minimum share capital needed to get the license, and you must make sure your cryptocurrency business isn’t involved in any other activity.
Distributed Ledger Technology Service
A second type of license that you can get is this one. You must make sure that your business operations include offering distributed ledger-based technologies like blockchains and database management systems for this license to remain active.
Businesses engaged in the operations above are prohibited from trading or operating a cryptocurrency exchange.
They are also prohibited from offering any kind of financial activity service. Additionally, they cannot handle payments or offer other financial activity services.
Like with any licensing processing, you must first obtain DMCC management clearance. AED 100,000 paid-up capital for VASP licenses (Blockchain/NFT licenses require AED 50,000).
Some more required license types:
VARA issues four crypto licenses through DMCC:
- Virtual Asset Service Provider (VASP)
- Crypto Custody
- Blockchain Development
- NFT/Tokenization
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Requirements for Obtaining a Crypto License in DMCC
As a business owner, you must complete all your paperwork to get a Crypto Trading License (DMCC).
Most of the time, people go through the documentation procedure without understanding how important it is, which might affect your chances of accepting or rejecting your application.
The DMCC has basic requirements for obtaining a cryptocurrency license.
- The cryptocurrency assets need to be registered with the financial departments of the United Arab Emirates Free Zone.
- A clean record is required, and dishonest behavior is prohibited.
- Your operating costs and capital assets must be clearly recorded and accessible for the last 12 months.
- You must keep all of your data safe in a cryptocurrency wallet.
- All business members must present copies of their current passports.
- It is necessary to have a commercial license, which the DED issues.
Step-by-Step Guide to Obtaining a Crypto License in DMCC
A systematic strategy is necessary when starting a cryptocurrency company in Dubai. The essential steps are broken down as follows:
Step 1: Determine Your Business Activity and License Type
Clearly explain if your cryptocurrency company will engage in blockchain development, trading, exchange services, or other associated activities. Choose the right crypto license in DMCC according to your company’s goals.
Step 2: Prepare Required Documents
The following paperwork must be submitted in order to apply for a crypto license at DMCC:
- Company Name and Structure: Select a unique name for your business and decide on its legal form (e.g., LLC, branch, sole proprietorship).
- Business Plan: A comprehensive document including your operational plan, financial forecasts, and business model.
- Shareholder and Director Information: Copy of each stakeholder’s passport, proof of identity, and background information.
- Proof of Funds: Financial records demonstrating your business has the funds to continue operating.
- AML & KYC Policies: Comply with VARA’s 2025 Compliance Rulebook, including real-time transaction monitoring and annual audits.
Step 3: Submit Your Application
File your application via VARA’s Digital Licensing Hub at portal.vara.ae. Required submissions include:
- Completed VARA Form CR-2025 (download from portal)
- Digitally signed compliance declarations
- Notarized company documents (upload as PDF)
- AED 2,000 application fee (non-refundable)
Note: DMCC now acts as a liaison; final approvals come from VARA.
Step 4: Pay Licensing Fees and Other Costs
Where must applications for a crypto license be sent?
- License fee: Paid annually.
- Office space rental: An essential requirement for setting up a business in DMCC.
- Compliance & administrative fees: For compliance inspections, legal processing, and documentation.
Step 5: Final Approval and Business Setup
Following approval, companies need to:
- Sign legal agreements with DMCC.
- Secure office space within the DMCC-free zone.
- Complete residency visa and Emirates ID processing (if applicable).
Following these procedures, you can use the DMCC regulatory framework to run your cryptocurrency business in Dubai lawfully.
Step 1. Choose a Structure
The first step is choosing the legal business structure that will regulate your online company.
Step 2. Register a Trading Name for Your Business
The next step is to select up to three names that best represent your business. You must adhere to certain naming conventions when choosing a name for your business.
In short, you need to avoid using offensive or unfavorable phrases or obscene language. Avoid using acronyms and well-known organization names when calling your company after yourself. Furthermore, confirm that the name you have in mind is available for registration.
Step 3. Submit the Required Documents
Your filled-out application form, the necessary paperwork, and the business or trade name you have selected must all be submitted.
The Memorandum of Association (MoA) is one of the documents you must have for the application. You can often get your trade license two hours after finishing the online application process.
Step 4. Pay the Fees
Once the Shams charges are settled, you’ll be able to get your license. The cost varies based on your experience and personal situation. Once everything is processed and paid for, your license will be issued.
Step 5. Receive Your License
You can lawfully run your business in Sharjah after receiving your e-commerce trade license.
How Can JSB Incorporation Help?
The best method to get into Dubai’s rapidly expanding cryptocurrency sector is to obtain a crypto license in the DMCC Free Zone. DMCC offers an ideal environment for starting and growing a crypto-related business because of its clear regulations, tax advantages, and robust ecosystem.
JSB Incorporation can help you every step of the way if you need professional advice on how to get a crypto license in the DMCC. Our expert business setup makes sure everything runs smoothly and hassle-free so you can concentrate on expanding your cryptocurrency company.
Book your free consultation call today with the experts of JSB Incorporation to get started.
FAQs
Virtual offices under DMCC’s Flexi-Desk Program are permitted for VASP license holders.
License approval typically takes 7-10 working days for standard crypto activities, extending to 4 weeks for VARA-regulated services requiring enhanced due diligence.
Yes, with a VASP license and VARA approval for exchange activities.
While not mandatory, having industry experience strengthens the application.
Yes, foreign investors can fully own and operate a crypto business in DMCC.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com