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Crypto License in Dubai

The Consulting24 Team has successfully completed over 500 licenses.

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Consulting24 CEO: Mr. Mardo Soo

Displayed on Consulting24.co, the LinkedIn.com logo symbolizes the integration of professional networking and digital finance. Its iconic design aligns with Consulting24's specialization in cryptocurrency licensing in Lithuania and Dubai, highlighting advanced solutions in professional social networking and fintech.

Available Activities 2024 for Dubai Crypto License

Advisory Services 

  1. Cryptocurrency investment advice.

  2. Portfolio management guidance.

  3. Regulatory compliance consulting.

Broker-Dealer Services

  1. Buying and selling cryptocurrencies.

  2. Trade order execution.

  3. Investment advice and brokerage.

 

Custody Services

  1. Secure storage of digital assets.

  2. Account management for crypto holdings.

  3. Transaction support services.

Exchange Services

  1. Cryptocurrency trading platform operations.

  2. Market liquidity provision.

  3. Exchange security and user protection.

Lending and Borrowing Services

  1. Crypto-backed loans and borrowing.

  2. Interest-bearing crypto accounts.

  3. Collateralized lending and margin trading.

VA Management and Investment Services

  1. Managing crypto investment funds.

  2. Virtual asset portfolio management.

  3. Crypto investment strategies.

 

VA Transfer and Settlement Services

  1. Virtual asset transfer and settlement.

  2. Crypto payment and remittance solutions.

  3. Secure transaction processing.

Our Clients 

Crypto License in Dubai - How does it Work?

In Dubai, the crypto industry operates within a regulatory framework overseen by the Virtual Assets Regulatory Authority (VARA) www.vara.ae. Established to supervise and regulate the distribution, utilization, and trade of virtual assets, VARA plays a crucial role in shaping the crypto landscape in the Emirate of Dubai.

The Virtual Assets Regulatory Authority (VARA) plays a crucial role in regulating Dubai's cryptocurrency market. Key responsibilities include:

  • Regulatory Oversight: VARA ensures businesses with a Dubai crypto license comply with legal and financial regulations, maintaining market integrity.

  • Licensing: To operate in Dubai's crypto sector, companies must obtain a Dubai crypto license from VARA, covering activities like exchanges and advisory services.

  • Consumer Protection: VARA focuses on safeguarding investors in the crypto market by enforcing transparency and security standards.

VARA's involvement is essential in maintaining a regulated and secure environment for Dubai's growing cryptocurrency industry.

Vara.ae Brand Logo
Government of Dubai logo
Image by David Rodrigo

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Obtaining a Crypto License in Dubai

To operate legally in Dubai, businesses must navigate the process of obtaining a crypto license through VARA. This involves:

  • Application Submission: Businesses must submit a comprehensive application, detailing their operational plans, security measures, and compliance strategies.

  • Compliance with Regulations: Applicants must demonstrate adherence to anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations, among others.

  • Financial and Operational Audits: VARA may require audits to assess the financial health and operational readiness of the applying business.

  • Continuous Monitoring: Once a license is granted, VARA continues to monitor the activities of the licensee to ensure ongoing compliance with its regulations and standards.

license

Dubai Crypto License Cost - A Comprehensive Government Fees Overview

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 13,125$
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 13,125$
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 13,125$
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 13,125$
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 13,125$
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.

Crypto License in Dubai: Cost!

Here's a summary of the costs associated with obtaining a crypto license in Dubai, presented in a tabular format:

Cost Item
Amount (USD)
Frequency
Registration Fee
5,000
One-Time
Articles of Association (AOA)
750
One-Time
License Fee
10,000
Annual
Establishment Card
750
Annual
Application Fee
5,000
One-Time

When obtaining a crypto license in Dubai, office space is a key consideration. Here's a summary of the options and their costs:

Office Space Type
Cost (AED/USD)
Visas Offered
Additional Info
Flexi Desk
AED 16,800 (USD 4,575)
Up to 3
Plus AED 1,000 deposit and AED 656 fee
Crypto Centre Co-working Desk
AED 19,000 (USD 5,173)
Up to 3
Serviced Office
From AED 35,000 (USD 9,615)
4 to 5
Physical Office for Lease
AED 50 - 150 per sq ft
1 per 9 sq m
(USD 15-40 per sq ft)
Physical Office for Sale
AED 500 - 1,500 per sq ft
1 per 9 sq m
(USD 130-400 per sq ft)

Note: These are estimated office space prices and may vary. Consulting24 offers assistance in setting up the office with a service fee of USD 1000. This fee is separate from the office space costs listed above.

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

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."

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