Diversification of money in the digital assets is the future of the developing digital economy, Inline to this several business zones in the country have already established themselves as reputed zones for conducting crypto-related business activities. Today, you can apply for a crypto license in freezones like ADGM, DMCC, DIFC, DWTC etc.
Following are the Business Consultancy services in UAE that we provide:
Choose a business name — Do you have a trading name in your mind for your cryptocurrency business? If yes, you can send it over to the concerned governing body for approval. If not, you can contact the business specialists at Leo Investment, and we’ll help you shortlist a few names for your venture.
Additionally, you need to ensure that you follow all the naming convention guidelines established by the government.
Get in touch with the concerned jurisdiction — Crypto-related ventures in the UAE are supervised by the virtual asset regulatory authority (VARA). For instance, a company must have at least 5 years of legal presence in some other country in the cryptocurrency domain to become eligible to launch a crypto venture in the DIFC free zone.
You can establish a representative office of your parent crypto company in the UAE in any of the desired free zones or even in the mainland region.
Secure a cryptocurrency license — The next step is to obtain a crypto license in Dubai. The Financial Services Regulatory Authority (FSRA), Securities and Commodities Authority (SCA), and Dubai Financial Services Authority (DFSA) regulate cryptocurrency & blockchain assignments in the UAE.
You need to meet all the paperwork and approval requirements to get this permit. Therefore, it’s recommended to collaborate with the business license specialists at Leo investments. We file your application after thoroughly assessing the information to ensure you get your license in one go
Follow all the compliance protocols —
Cryptocurrency trading in the UAE is vigilantly regulated, just like other financial trading operations. The SCA published Crypto Assets Activities Regulation (CARR) standards that outline the general operational regulations for crypto-asset enterprises and users.
It also includes additional anti-money laundering and anti-terrorist financing laws. These regulations include the requirement for a robust compliance network, as well as KYC and AML monitoring requirements.
Additionally, the government takes legal actions against firms that don’t follow the safety & compliance regulations.
A crypto trading license in the UAE opens the doors for new-age investors to find several lucrative business opportunities in this futuristic financial sector. Therefore, now is the time to act and set up your crypto company in the Emirates by connecting with us.
We offer end-to-end business assistance to our clients to ensure they don’t face any complexities launching their ventures in the UAE. Therefore, all you need to do is collaborate with our professionals, and they’ll handle the rest!