Specifically designed for Virtual Asset Service Providers (VASPs) in Dubai
Regulated by the Virtual Assets Regulatory Authority (VARA), ensuring credibility and global compliance
Strategic access to a fast-growing crypto and blockchain ecosystem in the Middle East
| Category | Details |
|---|---|
| Legal Entity | UAE-registered company within a Free Zone or Mainland (typically DMCC or DIFC) |
| Office Presence | Mandatory local physical office in Dubai |
| Capital Requirements | Varies by activity (e.g., Custody, Broker-Dealer, Exchange, etc.) |
| Personnel | Qualified local MLRO/Compliance Officer; Fit & proper senior management |
| Business Plan | Detailed VASP-specific plan, risk framework, and tech architecture |
| IT & Cybersecurity Policies | Mandatory; must align with VARA tech and risk standards |
We offer comprehensive support for obtaining financial licenses across multiple regulatory categories, including asset management, fintech and payment institutions, securities dealing (forex brokerage), VASP/MiCA compliance, and fund administration. Our team assists with jurisdiction strategy, entity setup, regulatory documentation, and end-to-end compliance.
Whether you’re launching a new venture or expanding globally, we ensure a smooth and fully compliant licensing process. From initial planning to regulator engagement and post-license implementation, our expertise helps you navigate complex requirements with clarity and confidence.
Establish a UAE company in an approved zone (often DMCC or DIFC), aligned with crypto activity.
Submit a proposal or intent letter to VARA for an initial review of business activities and scope.
Prepare business plan, compliance framework, KYC/AML procedures, IT and risk policies.
Submit full application via VARA’s digital platform with supporting documents and forms.
Engage in communication with VARA; address clarifications, additional documentation, or site inspections.
Upon approval, VARA grants a provisional or full license depending on activity category.
Complete infrastructure setup, team onboarding, and go live with ongoing regulatory reporting.
| Estimated Timeline | Fee Range (VARA + Setup) |
|---|---|
| 4 to 6 months (including business setup time) | Starting from USD 25,000–USD 60,000+ |
Contact our experts for a free consultation