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Step-by-Step Guide to Get a Crypto License in Dubai, UAE

Crypto is the future. Cryptocurrency is one of the hottest topics on the internet nowadays. More and more people are investing in it, and some are even getting into trading cryptocurrency. However, before you can trade cryptocurrency or invest in it, you must first get your hands on a Crypto License in Dubai.

The process for getting your hands on this license is not easy at all. You need to be aware of the Dubai Financial Services Authority (DFSA) regulations and what they entail. If you are looking to get a cryptocurrency license, then we are here to help you out with this guide on how to get a Cryptocurrency License in Dubai.

What is Cryptocurrency License?

It doesn’t matter what type of business you do; you must require a license to do a lawful business in Dubai or any other emirates in UAE. To start a Crypto Business in Dubai, you must need a license with approval from three government sectors such as – the Dubai Department of Economic Development (DED), Business Registration Licensing (BRL), and Dubai Multi Commodities Centre (DMCC).

Many business setup firms can assist you in obtaining a crypto license in Dubai. Smart Zones® UAE is the leading Business Setup Company in Dubai that can provide affordable company formation and licensing services to help entrepreneurs and investors to build their businesses in Dubai.

Requirements for Getting a Crypto License in Dubai

To get a cryptocurrency license in Dubai, be ready with the following requirements:

  • A commercial license from DMCC
  • A copy of the valid passport of you & the partners (if any)
  • A clean crypto wallet record with no deceitful transactions
  • Record of resources to manage the business operation for 6 to 12 months
  • Crypto assets should be approved by the UAE Financial free zone

Step-by-Step Guide to Follow to Get a Cryptocurrency License in Dubai

  • Download the cryptocurrency license application form and complete it with all the required information.
  • Submit the application form to the respective jurisdiction where you want to set up your business
  • Complete the payment process by paying the processing fees to the authorities
  • Once everything is done, the respective authority will process your application and provide you with the approval for the cryptocurrency license within a week.

The application checklist process may seem easy, but it’s a MYTH – Yes, without professional support and guidance, you may face delays or rejection in the application. That’s the reason – getting help from an experienced business consultant to set up a company in Dubai Mainland or Freezone is a must.

Why Choose Smart Zones® UAE, the best Business Setup Company in Dubai?

Knowing the emerging competition in setting up a Crypto Business in Dubai, Smart Zones UAE offers personalized packages to help you open your new business in Dubai. From preparing a business plan, selecting a zone, to applying for a crypto license, we are here to help you inaugurate your business in Dubai.

Do Contact Us at any time to clarify all your queries in regards to opening a cryptocurrency business in Dubai.

Connect with our Business Incubators to know more: hidubai@smartzonesuae.com

+971 527797111 / +971 529604444

How Entrepreneurs and start ups can take advantage of this global outbreak.

When we think about this situation right now, all we can think is of how this has impacted business and humans, what we aren’t thinking is how this situation has given our business and our team the opportunity to transform and re-introduce ourselves to our customers in a better way.

However, overlooking the worst scenario of this pandemic let’s see how at this time we can take advantage of this global outbreak

  1. Reconnecting with our Clients on a personal level- Send emails your subscribers would want to read, go the extra mile, conduct virtual meetings to stay connected, respond to customers ASAP. Let’s not only talk business but let’s share precautionary measures with each other during this situation as we are in this together.
  2. Create opportunities and pipelines- There will be a high dislocation that might affect small or large businesses but, there are opportunities especially for direct- to-consumer businesses, Eg: providing customers free-shipping, discount rates, special offers and promotions to keep your customers in pipe for the future and earning a sense of trust is very important right now.
  3. Stay alert for the changing point- Economic tough times never last for too long, and as said this too shall pass. No one can predict what market or country will look like after all this a passed although, it is very necessary to keep your company and its flexibility alive as there will be great opportunities to hold onto, watch for it.
  4. Be creative and takeup little risks- Be creative of finding resources to keep the cash flow alive. You could also take up short-term deals that will help your business and build customer base, you eventually go for things which you wouldn’t have considered doing it 3 months ago

Great startups are often created during market turndowns. And this could be your chance to gather more customer base a build a pipeline for the near future.

What Smart Zones UAE can do for you even during this time:

  1. Full support to our startup entrepreneurs, making easy payment plans for them
  2. Special promotions and discounts given for all Free Zones and Mainland Setup
  3. We are a package of all the services your business needs, be it company formation, E-office facilities, Freelance package, Designing logo, PO Box facility, Business cards and much more.
  4. We are available virtually, discuss your business operations with us and get the right guidance immediately.

Connect with our Business Incubators to know more: hidubai@smartzonesuae.com

+971 527797111/ +971 529604444

Let’s Go Virtual with Smart Zones UAE!

Virtual company setup enables entrepreneurs and investors to get their business license without having to be the city. These business license holders can carry out wide range of business activities pertaining to their industry and this can be done by signing and submitting documents electronically, this will remain as a legal documentation done to get your license.

When you’ve thought of setting up your business but cannot do so due to other priorities in the way, this is a chance for many entrepreneurs to set up their business without relocating. And here’s how you can go virtual with us.

How?

  1. Set up your business activity, to decide on your business activity is the first process to apply for your license.
  2. Choosing your trade or company name. Although, there are strict rules on selecting your company name yet this can be done easily with a help of an expert.
  3. Applying for your business license is the next step. Investors don’t have to go through the hassle of applying for the license and the documentations required to do as we as consultants step forward to get this done for you.
  4. Processing for your business immigration card if you have opted for a visa package, this card allows your company to apply for visas and recruit staff.
  5. Process your visa, no wonder UAE is known to be an investor- friendly country with less documentations for your license and visas as well, setting up your company takes less than a week.
  6. Lastly, opening a corporate bank account. Once you have your business license you can now proceed the paper works to open a corporate bank account for your company. We help you set the right paper works needed to open your bank account with priority banking in Dubai.

Our investors will have 100% honest opinions and guidance from us before and after the incorporation, we not only help you with setting up your business but also look forward to build a strong business relationship with our clients.

With ample amount of knowledge we share with our clients regards to setting up your business and the guidance needed, establishing your firm does not have to be a complex procedure.

You can now schedule your Skype/ Zoom Meeting appointment with us and get a complimentary market evaluation to help you with your business setup in the UAE!

We have your back!

Connect with our Business Incubators to know more: hidubai@smartzonesuae.com

+971 527797111/ +971 529604444

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