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With the advent of Web3, cryptocurrency has become the talk of the town. The underlying blockchain technology is being touted as a potential game-changer for many industries. For a city that's always been ahead of the curve, it is no surprise that Dubai is looking to dive into cryptocurrency and has already taken the required measures. So if you want to obtain a crypto license in Dubai, the time is now!u00a0
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H O W D O I G E T A CRYPTO LICENSE DUBAI WATCH NOW
CRYPTO LICENSE IN DUBAI With the advent of Web3, cryptocurrency has become the talk of the town. The underlying blockchain technology is being touted as a potential game- changer for many industries. For a city that’s always been ahead of the curve, it is no surprise that Dubai is looking to dive into cryptocurrency and has already taken the required measures. So if you want to obtain a crypto license in Dubai, the time is now! Since 2001
What Do You Need to Know Before Starting a Crypto Business? Consider the following information before you launch your crypto business in Dubai – The Virtual Assets Regulatory Authority (VARA), set up under the Dubai World Trade Centre (DWTC), monitors and regulates all crypto-related ventures. These include representative offices, data mining companies, and consultancies. If you wish to set up a cryptocurrency Exchange business, your company must have 5 years of legal presence in the cryptocurrency domain in some other company.
What Are the Eligibility Criteria for a Crypto License? The Freezone will issue you a cryptocurrency license form after you submit your business plan for the same. However, before you do that, ensure you meet the following eligibility criteria or requirements – Ensure your capital resources and all other operating costs are readily apparent for a minimum of six to twelve months. You must have a perfectly clean record. Include copies of each of your company partners’ current passports.
What Are the Benefits of Obtaining a Crypto License? A crypto license will bring many significant benefits to you. Some of them are – For tax residents of Dubai, there is no personal income tax on earnings from cryptocurrency. Capital gains, company income, and pay are all subject to zero percent taxation whether you actively trade or hold. It significantly reduces your company’s transactional costs due to the absence of gateways and service charges. Cryptocurrency trading offers high encryption, thus ensuring the safety of the transactions.
OUR STORY SHURAA Shuraa Business Setup was founded by Mr. Saeed Khalifa Mohammed Al Fuquei in the year 2001. The organization was initiated with an agenda to help individuals start a business in Dubai or any other emirates. For the past 20 years, we have registered over 35,000 companies in the UAE. Shuraa Business Setup helps with crucial paperwork and other governmental permissions which is important while setting up a business in Dubai. We share years of acquaintance with the government officials and regulatory authorities, that makes business setup easier.
SHURAA DELHI BRANCH WITH US ! JOIN US, MAKE YOUR BUSINESS BETTER 20 22 Contacts +91-8010990022 www.shuraa.in CALL NOW info@shuraa.in