Dubai oldukça farklı iş fırsatlarını değerlendirebileceğiniz bir yer. Artık kripto para ticareti için popüler bir yer haline geldi. Yakında Orta Doğu’daki kripto ile ilgili şirketlerin merkezi olması bekleniyor. Kripto piyasasının sermayesinin 265 milyar AED olduğu tahmin ediliyor.

Dubai is swift to adopt new technologies. It seeks to attract entrepreneurs from all over the world. Also, the United Arab Emirates has chosen to issue cryptocurrency license in Dubai to offer extra support in crypto technology.

What is a cryptocurrency license in Dubai?

Companies wishing to operate in Dubai must obtain the appropriate licenses to work legally in the cryptocurrency space. This license is a must if you want to be able to trade crypto in any city in the United Arab Emirates.

When you get a cryptocurrency license in Dubai, you gain the right to engage in crypto trading activities within the city. Holders of a cryptocurrency license in Dubai can trade, mine, and exchange crypto. Companies can offer a variety of products and services on all these topics.

Dubai Airport Freezone Authority (DAFZA)

The Dubai Airport Freezone Authority (DAFZA) provides a robust framework to provide licensing for crypto trading. An agreement has been signed with the Securities and Commodities Authority (SCA) to support crypto entrepreneurs and business people.

It is possible for companies that obtain a crypto license through DAFZA to offer services worldwide. These companies can carry out various activities with crypto assets. The target is Bitcoin, Ethereum, etc. There are essential crypto assets to ensure growth.

Dubai Multi-Commodities Center (DMCC)

Dubai Multi-Commodities Center (DMCC) offers business entrepreneurs an easy crypto trading license. Companies that acquire a DMCC crypto license gain the right to trade cryptocurrencies, store crypto assets, provide services for crypto assets, and develop crypto software.

Thanks to the DMCC crypto license, entrepreneurs can participate in all these activities. They provide business consulting services thanks to the DMCC crypto license if they need it. Thus, they expand their scope of crypto trading and crypto business as much as possible.

Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is a free zone that allows the conduct of crypto business regulated by the Financial Services Regulatory Authority (FSRA). The FSRA is the only statutory body within the United Arab Emirates that makes comprehensive legislation.

A comprehensive guide called Crypto Assets Activities Regulations has been prepared in partnership with FSRA and ADGM. The guide aims to expand crypto trading nationwide. According to the manual, you do not need to pay taxes on income from crypto activities.

How to get a crypto license in Dubai?

Purchasing a crypto license in Dubai has been made easy for business owners. Compared to other business licenses, the procedures are much less. The United Arab Emirates government is constantly striving to improve blockchain technology.

• Once you have decided on the free zone, you want to serve, get a crypto license registration form from the authorized person in the area and fill out the form.
• Attach all required documents, including shareholder passports and photos, and apply.
• Then you have to present all your business’s legal documents to the landowners of Dubai Multi-Commodities Center (DMCC).
• Choose a suitable office space for the business requirements you have determined and prepare the rental agreement for the office.
• After submitting all the required documents, make the crypto license and office rent payments to the relevant authorities.

After completing all these procedures, you will receive the crypto license approval if everything is in order. The process will take about a week. After these procedures, you must apply for a United Arab Emirates residence visa and open a corporate bank account to carry out business transactions.

What if you can’t get a crypto license in Dubai?

If you are one of the companies to trade crypto, you always try to discover the best places to invest. Dubai is the best of such places. You can purchase a crypto license without any problems. It is sufficient to submit the documents requested from you.

• If you request a crypto license but are denied, your business activities (foreign ones) are forbidden.
• The United Arab Emirates government may cancel your visa or impose various restrictions. In this case, you will encounter multiple travel restrictions.
• The government can deport your company’s directors, shareholders, and company owners from Dubai.
• Getting a local sponsor is pretty low if you don’t have a crypto license. However, there is a possibility that the government will shut your business down.
• You have to pay a hefty fine to the United Arab Emirates government. The government can seize your company’s assets if it wants to.

If you want to engage in the crypto business in Dubai, you must have a crypto license. You should make sure that your application is completed correctly. You must prepare all the necessary documents and submit them entirely to the institutions.

Please feel free to contact us for any inquiries.