Cryptocurrency License in Dubai, UAE

Dubai is evolving as a cryptocurrency hotspot. Now get your cryptocurrency license in Dubai with Emirates Business Setup! If you are interested in establishing your cryptocurrency company in UAE, then we ensure you a hassle-free process.

Get a Cryptocurrency License in Dubai!

Cryptocurrency business is gaining popularity worldwide. Investors seek more options to grow their money and assets in this field. However, most Europeans still ask a question repetitively about cryptocurrency, ‘is it legal in Dubai?’ Yes, it is 100 %.

You are allowed to do cryptocurrency trading in Dubai and can buy a property with cryptocurrency here. Similarly, you can also have your own cryptocurrency business setup in the UAE. To run a cryptocurrency business, you need to obtain a crypto trading license.

Are you looking for a cryptocurrency license in UAE? Do you want to start your cryptocurrency business in Dubai? Just do not over-stress and put your trust in Emirates Business Setup. We will help you manage your business documents and all the required paperwork. You can obtain your cryptocurrency license in Dubai and your visas quickly with the help of our specialized business advisors. 

Getting mainstream with business operations in crypto assets means allowing more UAE companies to succeed in crypto trading, crypto-asset handling, and other related activities.

DMCC and DIFC offer cryptocurrency licenses to business owners who want to manage their trading and crypto assets in the UAE. All kinds of cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, Tether, Ripple, etc., are available under online crypto exchanges in Dubai.

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Benefits of Crypto License in UAE

There are numerous advantages that come up when we obtain a cryptocurrency license in the UAE. The prominent ones are mentioned below: 

100% Foreign Ownership

No Currency Restrictions

Easy Registration Process

No Import and Export Duties

Stable Banking System

Favorable Tax Regime

Supportive Regulatory Framework

Real estate investments

Our Crypto Services

Consulting services

Consultation for those who are looking to start their cryptocurrency businesses in the UAE .

Cryptocurrency License

Offering cryptocurrency licenses including pre-approvals from SCA (Securities and Commodities Authority) in DMCC, DIFC, and DAFZA .

Crypto Bank Account opening

Bank account opening that supports cryptocurrency businesses in UAE .

Real Estate with Cryptocurrency

Buying property or investing in real estate in UAE with cryptocurrency .

How to Setup a Cryptocurrency Business in Dubai?

When you are setting up a business in Dubai, you need to follow the steps to get registered. Similarly, with the cryptocurrency business in Dubai, you need to follow the belowmentioned steps to start your business journey. 

Choose a Business Name

The first step is to choose a unique business name for your company and get it registered.

Choose a Business Jurisdiction

The next step belongs to choosing in which jurisdiction you will start your business. We offer crypto business licenses in DMCC and DIFC.

Get Registered

Submit all your required documents to the relevant authorities to get registered and obtain a cryptocurrency license in the UAE.

Comply the Requirements

You must ensure you comply with rules and regulations to save yourself from any hefty fines.

Documents Required to Obtain a Crypto License in Dubai

Emirates ID

Proof of Address

Business Plan

Verified company name

Business Operating from 6-12 Months

Passport Copies of All Shareholders

Government-approved crypto assets

clean crypto wallet

Crypto License with Emirates Business Setup!

Secure your cryptocurrency license in UAE with our hassle-free business setup services. We offer a simple and effective process to obtain cryptocurrency license. We also help our clients to secure a physical office space, additional document attestation and others. Start your business journey in the world of cryptocurrency effortlessly with us in the UAE!

Cryptocurrency Business Setup in DMCC

DMCC, or Dubai Multi Commodities Centre, is a free zone in Dubai that offers a variety of services to businesses, including those in the cryptocurrency industry. DMCC can be a valuable partner for growing your crypto business, providing access to global markets, infrastructure and support, regulatory compliance, and networking opportunities. 

Here are five reasons you should choose DMCC for your cryptocurrency business setup in Dubai.

Setting Up a Company

DMCC offers a streamlined process for crypto business setup in Dubai, including assistance with licensing and registration. This can help you get your crypto business up and running quickly and efficiently.

Access to Global Markets

Dubai is a hub for international trade, and DMCC provides access to a network of global markets. This can help your crypto business reach a wider audience and expand your customer base.

Infrastructure and Support

DMCC offers a range of services to support businesses, including office space, IT infrastructure, and business support services. This can help your crypto business operate more efficiently and effectively.

Regulatory Compliance

DMCC has a strong regulatory framework in place to ensure that businesses operate in a safe and secure environment. This can help your crypto business build trust with customers and investors.

Networking and Events

DMCC hosts a variety of networking events and conferences throughout the year, providing opportunities for businesses in the crypto industry to connect with peers and potential partners.

Cryptocurrency Business Setup in DIFC

Dubai International Financial Centre (DIFC) is a financial-free zone in Dubai that offers a range of business setup services. Setting up a cryptocurrency business in DIFC can be beneficial due to its strong regulatory framework, business-friendly environment, access to global markets, and networking opportunities it brings. Here are some ways that setting up a cryptocurrency business in DIFC can be beneficial:

Regulatory framework

DIFC has a robust regulatory framework in place for financial services businesses, including those involved in cryptocurrencies. However, this can help your cryptocurrency business operate in a secure and transparent environment, which can build trust with customers and investors.

Business-friendly environment

DIFC offers a business-friendly environment with tax exemptions, simplified licensing procedures, and streamlined regulatory processes. However, this can help your cryptocurrency business operate more efficiently and cost-effectively.

Global Markets Access

DIFC is a gateway to the Middle East, Africa, and South Asia (MEASA) region. Meanwhile, it offers access to a range of global markets. This can help your cryptocurrency trading business to expand it’s customer base and reach a wider audience.

Infrastructure and Support

DIFC offers state-of-the-art infrastructure, including office space, IT infrastructure, and business support services. However, this can help your cryptocurrency business operate more efficiently and effectively.

Networking and Events

DIFC hosts a range of networking events and conferences throughout the year, providing opportunities for businesses in the cryptocurrency industry to connect with peers and potential partners.

RAK Digital Assets Oasis (RAK DAO)

In September 2021, the RAK Digital Assets Oasis was still in development and expected to be a new launch cryptocurrency-free zone. The RAK Digital Assets Oasis (RAK DAO) is a free zone that is going to be launched soon and will be developed in the Ras Al Khaimah emirate of the United Arab Emirates (UAE).

The aim of the RAK DAO is to create a supportive environment for blockchain and digital asset companies and to provide a regulatory framework that is designed to support and encourage these businesses.

Once launched, the RAK Digital Assets Oasis is expected to offer a range of incentives to attract businesses to the free zone and simplified licensing procedures. Moreover, the launch of the RAK Digital Assets Oasis is a positive development for the blockchain and digital asset industry in the UAE, as it highlights the country’s commitment to innovation and entrepreneurship and its desire to become a leading hub for fintech and blockchain in the region.

Some possible developments that could occur in the future, once the RAK DAO is launched:

Frequently Asked Questions

Yes, cryptocurrency is legal. But to start your business or Company, you must first have a valid cryptocurrency license.   
As mentioned, anyone interested and who meets the government requirements can obtain cryptocurrency/trading license. 

Most of the business activities that are carried out with a cryptocurrency license here in UAE (but not limited to) are:  

  • Consultancy services for crypto mining, NFT, cryptocurrency & blockchain technology 
  • Trading of crypto assets 
  • Buying and selling any property after exchanging cryptocurrency  
  • Managing other person’s crypto assets 
  • Multilateral trading facilities of crypto assets 
If you are doing cryptocurrency business, you can buy real estate using your cryptocurrency funds in Dubai. If you are interested in purchasing a villa, commercial space, or an apartment in UAE, then we will surely assist you in making the deal comes into reality. 
Yes, you can open a bank account that supports cryptocurrency businesses in the UAE. 
Only 21-year age individual can apply for this type of license in UAE. All age above 21 are welcome. 
You can invest with cryptocurrency in real estate in Dubai. You can buy and sell properties by using your cryptocurrency.

To buy cryptocurrency in Dubai, you can follow these simple steps:

  • Choose a reputable cryptocurrency exchange that operates in Dubai or the UAE.
  • Create an account on the exchange and complete the verification process.
  • Add funds to your account using a bank transfer or other supported payment methods.
  • Use the funds in your account to purchase the cryptocurrency of your choice.
  • You can choose to hold the cryptocurrency on the exchange or transfer it to a secure wallet that you control.

Depending on where you are located and the specific laws and regulations in your jurisdiction. In some countries, trading cryptocurrency may require a license or registration with the appropriate regulatory body. Failing to comply with applicable regulations could result in legal and financial consequences.

To exchange cryptocurrency for real money, use a cryptocurrency exchange or peer-to-peer marketplace. Connect a bank account or payment method, sell your cryptocurrency, and withdraw the funds. Here in Dubai, ATM is also offered cryptocurrency exchange.

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