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Crypto License

Crypto License in Dubai

With the introduction of Web3, cryptocurrency has quickly become the talk of the town. The underlying blockchain technology is being hailed as a game changer for a variety of businesses. It’s no surprise that Dubai, a city that has always been ahead of the curve, is interested in bitcoin and has already taken the necessary steps. So, if you want to get a crypto license in Dubai, now is the time!

But, before we get deeper into the perks and procedure, let’s look at some figures that will demonstrate why obtaining a crypto license in Dubai may be incredibly beneficial!

How to Obtain a Dubai Cryptocurrency License

The cryptocurrency and blockchain assignments in the UAE are governed and regulated by three authorities –

1. Financial Services Regulatory Authority (FSRA)

2. Dubai Financial Services Authority (DFSA)

To obtain a license, you must follow the required protocols. The Crypto Assets Activities Regulations (CAAR), published by the SCA, outlines the regulations that all crypto-asset companies and individuals must follow. These include anti-money and anti-terrorist laws, with the requirements for robust monitoring of KYC and AML.

What Are the Eligibility Criteria for a Crypto License?

The Freezone will issue you a cryptocurrency license form after you submit your business plan for the same. However, before you do that, ensure you meet the following eligibility criteria or requirements
  • Ensure your capital resources and all other operating costs are readily apparent for a minimum of six to twelve months.
  • You must have a perfectly clean record.
  • nclude copies of each of your company partners’ current passports.

What Are the Benefits of Obtaining a Crypto License

  • For tax residents of Dubai, there is no personal income tax on earnings from cryptocurrency. Capital gains, company income, and pay are all subject to zero percent taxation whether you actively trade or hold.
  • It significantly reduces your company’s transactional costs due to the absence of gateways and service charges.
  • Cryptocurrency trading offers high encryption, thus ensuring the safety of the transactions.
  • It will help you stand apart from your competitors since the cryptocurrency trends have just picked up. Thus not many companies have a valid license.

Documents required for a commercial license in Dubai

Completed application form

Passport copy of the proposed owner or owners

Two colour passport size photos.

Don't worry at all, We are here for your help!

Before you do anything, talk to one of our experts at company formation in Dubai. We’ll show you how easy the company formation process is and how we can help you setting up your company in Dubai easily.
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Here’s what our clients say about us!

Waleed Bin Jamaan
Waleed Bin Jamaan
2022-09-28
Went for a meeting with the MD.
Mohammed Khaled shamsher
Mohammed Khaled shamsher
2022-09-14
Mrs. Meenakshi and Mr. Barat are really brilliant and cooperative. I appreciate JSB Incorporation service and commitment.
Saravanan S
Saravanan S
2022-08-22
I must be very thankfull to Mr Bharat Ramnani. He is very much informative, that makes me easy catchable in all aspects, thank you again for getting my license, E-ID, visa...😊😊😊
M Cube Trading
M Cube Trading
2022-08-04
I had a very good response with JSB Incorporation. All company registration was co-ordinated by Ms. Sarah Hillal Ahamed. She is very good and very much understanding also a hard worker. I thank to her for co-ordinating with Freezone and completing my work.
Omar Aziz
Omar Aziz
2022-07-28
Excellent quality of work. Smooth and efficient. Highly recommended.
Sanjeev Jha
Sanjeev Jha
2022-07-28
Feeling happy towards working g with JSB incorporation, service is very fast and all staff are supportive and cooperative. Thank Gaurav Ji for ur fast and clean service Regards Sanjeev
Hafiz Majeed
Hafiz Majeed
2022-07-22
These guys are thorough professionals and very cooperative. Communication is one thing that I am impressed about the most.
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