UAE Dubai VARA

Crypto Vara License in Dubai UAE

At GFSC Global, we streamline the path to obtaining your Crypto VARA VASP license in Dubai—handling everything from legal entity setup and local office arrangements to preparing your application and liaising with both the Department of Economy & Tourism (DET) or relevant Free Zone and the Virtual Assets Regulatory Authority (VARA).

Our end-to-end support ensures you meet all critical requirements—including activity-specific licensing fees and supervision charges, expense-based capital held in liquid assets, and adherence to VARA’s four compulsory rulebooks (covering compliance, risk, technology, and market conduct)—without overwhelming your operations.

With the UAE offering global access, regulatory clarity, and unmatched infrastructure in a single framework, GFSC Global fast-tracks your authorization and ensures you launch with full confidence.

Apply with us today to establish your compliant foothold in Dubai’s thriving crypto ecosystem.

The UAE’s Virtual Asset Regulatory Authority (the VARA) regulates the Virtual Assets Businesses.

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Classes Of VARA Licenses

  • Main requirements: offering, providing or agreeing to provide a personal recommendation to a client, either upon its request, or on the initiative of the Entity providing the recommendation, in respect of one or more actions or transactions relating to any Virtual Assets.
  • Minimum paid-up statutory capital: AED 100,000
  • Government Fees: AED 40,000

  • Main requirements:any of the following—
    [a] arranging orders for the purchase and sale of Virtual Assets between two Entities;
    [b] soliciting or accepting orders for Virtual Assets and accepting fiat currency, or other Virtual Assets, for such orders;
    [c] facilitating the matching of transactions in Virtual Assets between buyers and sellers;
    [d] entering into Virtual Asset transactions as a dealer on behalf of the Entity for its own account;
    [e] making a market in Virtual Assets using client assets; or
    [f] providing placement, distribution or other issuance* related services to clients issuing Virtual Assets.

  • Minimum paid-up statutory capital:

    The higher of [i] AED 400,000; or [ii] 15% of fixed annual overheads (if using a VARA licensed custodian);

    OR

    the higher of [i] AED 600,000; or [ii] 25% of fixed annual overheads.

  • Government Fees: AED 100,000

  • Main requirements:Safekeeping Virtual Assets for or on behalf of another Entity and acting only on verified instructions from or on behalf of such Entity*.

  • Minimum paid-up statutory capital:

    The higher of [i] AED 600,000; or [ii] 25% of fixed annual overheads.

  • Government Fees: AED 100,000

  • Main requirements:carrying out a contract under which a Virtual Asset shall be transferred or lent from one or more parties [the Lender[s]] to one or more other parties [the Borrower[s]] where the Borrower[s] shall commit to return the same, at the request of the Lender[s], at any time either during or at the end of the period agreed upon.

  • Minimum paid-up statutory capital:

    The higher of [i] AED 500,000; or [ii] 25% of fixed annual overheads

  • Government Fees: AED 100,000

  • Main requirements:acting on behalf of an Entity as an agent, or fiduciary, or otherwise taking responsibility for the management, administration or disposition of that Entity’s Virtual Assets.

    Examples may include, but shall not be limited to—
    [a] investment management services or otherwise managing Virtual Assets; and
    [b] taking responsibility for the staking of Virtual Assets for the purposes of earning fees or other amounts paid to validators and/or node operators of a proof-of-stake Distributed Ledger Technology.

  • Minimum paid-up statutory capital:

    The higher of [i] AED 280,000; or [ii] 15% of fixed annual overheads (if using a VARA licensed custodian);

    OR

    higher of [i] AED 500,000; or [ii] 25% of fixed annual overheads.

  • Government Fees: AED 100,000

License Details

Feature/Classes

Virtual Asset Licenses

Type of company required to be eligible

LLC

Corporate taxation

9%

Main requirements

– Local Director (Fit & Proper)

– Local Compliance (Fit & Proper)

– Local Office

– Internal and External Audit

Approximate Timeframe

A complete license application is normally decided upon within 6-10 months from the date of filing

Apply for VARA Crypto License in Dubai

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