Crypto company setup in Dubai

Dubai offers a variety of licenses tailored to the specific needs of crypto and blockchain businesses. For instance, if your company focuses on trading cryptocurrencies, you will need a Crypto Trading License. Companies developing blockchain technology or providing software solutions require a Blockchain Development License. If your business plans to manage digital assets for clients, a Crypto Custody License is necessary. There are also licenses available for ICO (Initial Coin Offerings) or token issuance businesses. Choosing the right license is crucial, and we provide expert guidance to ensure your application matches your business activities.

The time required to set up a crypto company depends on the type of license and the regulatory approvals involved. For most free zone licenses, the process typically takes 10 to 15 business days. However, if the business requires a more specialized license, such as a crypto trading or blockchain services license, the process might extend to 3-4 weeks due to additional compliance checks. Setting up a business bank account can add another 1-2 weeks, as banks conduct thorough due diligence for crypto businesses. With our expertise, we ensure the process is seamless and all documentation is prepared in advance to minimize delays.

Yes, it is possible to open a business bank account in Dubai for crypto-related activities, but it can be challenging due to the cautious approach of some banks toward the industry. To improve your chances, you must present a clear business plan, comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, and provide proof of legal operations. We have established relationships with crypto-friendly banks in Dubai, ensuring that your application process is smooth and meets all regulatory requirements.

To set up a crypto company, you will need passport copies of all shareholders, proof of residential addresses, a detailed description of your planned business activities (e.g., trading, custody, or blockchain development), and a completed application for the selected free zone or regulatory authority. In some cases, an initial capital deposit certificate may also be required. We help compile and review these documents to ensure everything is complete and accurate before submission, avoiding unnecessary delays.

The costs for setting up a crypto company vary depending on factors such as the license type, office setup, and additional services. License fees can range from AED 15,000 to AED 50,000. Virtual offices, which are more affordable, start at AED 5,000 annually, while physical office spaces may cost upwards of AED 20,000. Opening a bank account typically involves setup fees ranging from AED 2,500 to AED 10,000. Employee and investor visas can cost between AED 3,500 and AED 7,000 each. We provide a detailed cost breakdown tailored to your specific business model to ensure transparency.

Dubai offers a tax-free environment for businesses operating in its free zones, which is a significant advantage for crypto companies. There is no corporate tax, allowing businesses to retain all their profits. Additionally, there is no personal income tax for shareholders or employees, nor is there withholding tax on dividends or capital gains. This makes Dubai one of the most favorable jurisdictions globally for operating a crypto business.

Dubai is an excellent launchpad for scaling your crypto business internationally. Its strategic location connects Asia, Europe, and Africa, making it a global business hub. With access to multi-currency banking services and a strong network of blockchain investors, businesses in Dubai are well-positioned for global operations. The city’s free trade agreements with major markets also simplify cross-border transactions. By leveraging Dubai’s infrastructure, legal framework, and investor-friendly environment, your company can expand globally while maintaining a strong base in the UAE.

The Virtual Assets Regulatory Authority (VARA) is the governing body responsible for overseeing and regulating all crypto-related activities in Dubai. Its primary roles include issuing licenses for crypto businesses, enforcing compliance with AML and KYC regulations, and ensuring transparency within the industry through regular audits. VARA also works to create a safe and secure environment for blockchain innovation while fostering trust among investors. We work closely with VARA to ensure your company complies with all their requirements, giving you peace of mind.