Crypto License in Dubai

Published:
January 4, 2023
low angle shot grey skyscrapers front river dark cloudy sky

Today`s place aims to be one of top states to completely abandon paper transfer activities and conduct all e-transfers using digital ledger technology.

To introduce, the UAE authorities are working on creating their own cryptocurrency called EmCash, which can be used to pay school fees and the management department within the payment system.

If you intend to obtain a crypto exchange license in Dubai, it is worthwhile to think about that a crypto asset is a digital asset that uses cryptographic methods, p2p computing and a digital ledger to regulate the formation of new units in the block chain, verify transactions and protect such operations without the need for participation intermediary.  E-currency goods include, but are not limited to, cryptocurrencies, security tokens, and utility tokens. Dubai cryptocurrency exchange is subsidiarity, which means that it is not controlled by a central authority such as a bank or administration.

Supervisory admins in the UAE can be divided into two groups:

  • Regulators of Free Financial Zones;
  • Regulators overseeing the rest of the UAE.

Benefits of the crypto license in Dubai

Among the profits of the Dubai cryptocurrency Exchanges in the United Arab Emirates it is worth noting:

  • The possibility of all foreign property without the obligatory participation of local partners;
  • Profits from worldwide activities of individuals are not taxed in the country;
  • Profit can be withdrawn to the accounts of foreign banks;
  • Confidentiality of personal data, information about business and financial transactions;
  • Access to double tax treaties;
  • No import and export taxes;
  • No valuta control;
  • There are no limitation on attracting non-citizen workers to the digital currency business;
  • Simple business ideas registration procedure;
  • The stability of the banking system;
  • The law of digital money.

By confirming the economic presence, each biz that wants to obtaining a Dubai cryptocurrency exchange license is entitled to tax and other benefits.

The UAE in general, and Dubai in separate, is listed on the international market as the No. 1 economic zone in the world with the most transparent and loyal conditions for managing crypto activities.

Beginnings of Dubai crypto exchange license legislation appeared back in 2002, and since 2017, the UAE administration has been purposefully shaping crypto-legislation in the country.

As of today, the UAE is one of the few countries where it is possible to carry out perfectly legal cryptocurrency activities, as well as in fact the first zone in the world with such loyal conditions and wide economic opportunities.

The DMCC officially recognizes cryptocurrencies, and also creates all conditions so that the blockchain can not only be freely used, but its use has become more and more widespread.

How to get a crypto permit in the UAE

To get a cryptocurrency exchange license in Dubai you shall adhere and do the next steps:

  • Apply for residency;
  • Open a bank account;
  • Enroll a company;
  • Select an economic zone;
  • Draw up a business plan;
  • Open a local office and hire employees;
  • Implement AML policy;
  • Confirm economic presence;
  • Conduct internal and external audits.

What is required from the license applicant:

  • Providing financial guarantees;
  • Registration on the mainland of the country or in one of the monetary free zones;
  • Allowed capital ;
  • Accessibility of a plan to business for the next 36 months;
  • Information about the structure of the company;
  • Data on the projected profit of the company;
  • Availability of highly qualified personnel with confirmation of their competence;
  • Implementation of KYC, CDD and AML policies.

Also, it should be emphasized that the applicant for a license in the country is responsible for the accuracy of the information provided, including criminal responsibility. 

AML law-making in the UAE

The country supports and actively develops cryptocurrency doings. Nevertheless, in cooperation with international institutions, local banks are guided by generally accepted AM washing policies.

To comply with all AML demands, a company must have a detailed internal AM washing regulation that complies with all UAE laws.

In addition, the company must have qualified operational management, namely:

  • AML officer;
  • Internal Auditor;
  • Compliance officer.

Despite all the existing AML procedures and KYC policies, the UAE is one of the most crypto-friendly countries. At the same time, all existing AML demands make business in the country reliable and transparent for external correspondents.

Findings

Dubai is one of the most favorable jurisdictions for doing digital business. At the same time, regulatory authorities set a fairly high level of demands for such companies, which lead to additional costs. When choosing the type of company and place of enrollment, one should proceed from the types of Activities that are licensed by one or another authorized body. Dubai crypto license costs of creating a digital company will depend on such factors as: the place of enroll, the size of the rented office, the number of visas, fees for issuing a license, compliance with license demands (the size of the authorized capital, the evolution of administration and control systems, compliance with AML adjustment, hiring qualified personnel, etc.).

How much does a crypto license cost in Dubai?

First of all, the first requirement for a new e-currency company in Dubai is to acquire a merchant license from the Dubai Department of Economic Development, which allows your company to trade digital currencies. The cost of this varies in different free zones and can range from €3,000 to €10,000.

How can I get a cryptocurrency permission in Dubai?

You can request for a cryptocurrency exchanges Dubai after passing the following steps:
Determination of the list, nature and preliminary volume of the proposed operations.
Drawing up a business plan.
Collection of data on investors, beneficiaries, as well as managers.
Registration of a digital company.
Preparation of internal policies and rules for conducting operations with crypto assets.
Completion of registration documents and formation of a package of documents for filing for registration.
Submission of a package of documents for registration and provision of additional information at the request of the regulator.
Obtaining a license in case of a positive decision on the issue.

Is crypto regulated in Dubai?

In 2020, the SCA also released the crypto CAAR which governs key aspects of dealing with crypto assets in Emirates, from edition and promotion to interchange and custody management.

How to adjust a crypto business in Dubai?

The main demands of the Dubai cryptocurrency Law for obtaining a license to trade e-currencies in the UAE:
Commercial permission issued by Dubai EDD.
Current copies of all partners, UBOs and business managers
Proof of writing a crypto wallet that has no history of fraudulent activity.
Complete business plan.

Related insights

Why Investing in Overseas Real Estate Still Makes Sense in 2025

Diversifying assets overseas through real estate acquisition still seems like a fantastic strategy for the future, even in today’s world full of fluctuating economies and global uncertainty. Apart from probably good financial returns, it delivers a couple of lifestyle benefits and global security that other investments fail to meet. Here is why it is still…

Read more 11.07.2025

Buying a Hotel Business: Pros, Cons, and Pitfalls

Investing in a hotel can be a fascinating chance to start a new business. Hotels aren’t just places to stay—they’re where people make special memories. But buying a hotel for sale isn’t just about signing papers. There are many things to think about to make sure it’s a good decision. In this article, you’ll learn…

Read more 07.07.2025

Checklist: How to Safely Buy Property Abroad

Are you dreaming about acquiring new real estate? It is a very responsible step which requires a lot of careful stages. Sometimes it can be really complex, but the result you get is always pleasing. Purchasing housing in another country can be a more complicated process than in your home nation. That’s what we’ll discuss…

Read more 07.07.2025

Which Types of Commercial Properties Are the Easiest to Rent Out?

If you’re mulling over putting your money into real estate, one of the first things to take into account is how easy it will be to find tenants. Some types of properties rent out faster because more businesses need those kinds of spaces. Here, we’ll look at some of the property types that usually lease…

Read more 07.07.2025

Top 10 Gambling Friendly Countries in 2025

It is 2025 and wagering is mainstream, cross-continental, and more supervised than ever. Whether you’re launching a new casino brand, scaling your sportsbook, or acquiring an iGaming start-up, location still matters. The following nations are leading the way — balancing opportunity and oversight, innovation and accountability. That’s where the legal money’s heading. This year, interest…

Read more 07.07.2025

Hotel chains: recognizable brands, guaranteed income

Investing in hotel brands is an investment in stability. Well-known chains guarantee quality of service and recognition. Wherever the hotel is located, the standards of service will remain at the top. For regular guests it means bonuses and privileges, and for the investor it means stable income. Hotel rooms with guaranteed rent in Izmir This…

Read more 24.06.2025

Gambling license on the Isle of Man

Fewer than 60 active entities presently run through valid Isle of Man gambling license credential. The scarcity stems due to territory’s tight supervisory approach. Still, using evolving measures rolled out by Isle of Man Isle of Man Gambling Control Board, cross-border expansion now appears more achievable for international gaming operators. “Reliability has long anchored this…

Read more 24.06.2025

Investment opportunities in Dubai 2025

The scene presents you in Dubai with the massive Burj Khalifa standing tall in front of you while its lights shine bright against the dark nighttime background. I traveled there before and the city delivered a strong positive impact on me. Through the 2033 Economic Agenda D33 aims to expand Dubai’s economy to twice its…

Read more 19.06.2025

Kahnawake Gambling license

Not so big share of gamble firms keeps Kahnawake gambling license, partly because the jurisdiction hasn’t always drawn the spotlight like Curacao or Malta. But recent shifts by local Commission are starting to alter it, with specific professional consultants mentioning clearer terms, lower practical burdens, and growing interest from digital casino platforms. “It’s tailored more…

Read more 17.06.2025

Malta Gambling License

The gamble market is booming, and picking the right permit can make or break your venture. Some operators choose speed and low upfront costs, while others value long-term trust and reach. The Malta permit stands out for its solid reputation and comprehensive market access. Submission rate barely 30 for Malta gaming license 2025, despite Malta…

Read more 17.06.2025

Licensing in El Salvador: Building a Bridge Between Traditional and Crypto Finance

El Salvador has resorted to making some steps in the digital finance world so as crypto businesses were easier to operate. It is of high importance to know local rules in case you are going to start a platform for sending, storing, or managing digital assets. It will help to not face hazards, protect reputation,…

Read more 17.06.2025

Strategic considerations and licensing criteria for CASPs

There might be a need of yours to have MiCA researched if you earn money by providing diverse crypto stuff. You need to do that to realize how your business can adapt to the new law before on 30 December 2024 applications open for EU members. Despite the availability of up-to-date information about the MiCA…

Read more 17.06.2025