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Many Indian investors and new-age entrepreneurs are looking for diversified methods to develop their wealth, and the cryptocurrency business is growing in popularity around the world. In the upcoming years, the new digital money is likely to become more mainstream in commercial activities. Therefore, it makes complete sense to set up a crypto business in Dubai.
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SHURAA INDIA Start a Crypto Business in Dubai Many Indian investors and new-age entrepreneurs are looking for diversified methods to develop their wealth, and the cryptocurrency business is growing in popularity around the world. In the upcoming years, the new digital money commercial activities. Therefore, it makes complete sense to set up a crypto business in Dubai. is likely to become more mainstream in
Cryptocurrency Business License in the UAE Companies can trade and administer their digital currencies with a cryptocurrency business license in the UAE from the: Dubai Multi-Commodities Center (DMCC) Dubai Airport Free Zone (DAFZA) Cryptocurrencies are becoming increasingly popular in the Emirates, and there’s a lucrative opportunity to venture into the areas of cryptocurrency trading, holding, exchanges, and numerous other new business opportunities.
What are the Steps to Set Up a Crypto Business in Dubai? Indian new-age investors and global crypto enthusiasts can set up a crypto business in Dubai by following these steps: 1. 2. 3. 4. Finalize Your Company’s Name Choose the Preferred Jurisdiction Register for a Cryptocurrency License Abide by All the Compliance Regulations
1. Finalize Your Company’s Name The first stage is to come up with a company name that’s free of profane words, or well-known trade names. In addition, it should be simple and memorable. Furthermore, you should use a person’s complete name (and not a nickname) if you want that as your business trademark.
2. Choose the Preferred Jurisdiction Decide on whether you want to establish a crypto business in a Dubai-free zone or on the mainland. Note that you’ll have no currency constraints in the free zone. In addition, you can also enjoy the income and gain repatriation. On the other hand, a mainland establishment gives you hassle- free access to all the Emirates in the UAE.
3. Register for a Cryptocurrency License You can register for a cryptocurrency license in Dubai, UAE once you’ve made the above considerations. Moreover, you can send this application directly to the concerned governing body. However, it becomes a bit hectic for an expatriate to manage so many things alone. collaborate with the crypto business experts at the Shuraa India branch. Therefore, it’s better to
4. Abide by All the Compliance Regulations Bitcoin trading is supervised in the same way as traditional financial trades In Dubai. Therefore, you must have the appropriate license, and also follow regulations. Any carelessness in this regard repercussions. anti-money laundering can lead to business
What are the Requirements for Setting Up a Cryptocurrency Business in Dubai? You need to meet all the established requirements to set up a crypto business in Dubai. These include: The “UAE financial free zone” divisions should be integrated with all crypto assets. Ensure that your capital resources alongside any other operating expenses are accessible for at least six to twelve months. There are no fraudulent transactional operations permitted, and a perfect track record is essential. Make certain that your data is safe in the crypto wallet. Include copies of all of your business partners’ valid passports. Submit a commercial license form to the preferred crypto administrative authority.
OUR STORY SHURAA – THE PIONEERS OF BUSINESS SETUP SERVICES IN THE UAE 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.
MAILING ADDRESS 108, Square One, Saket New Delhi - 110017 REACH OUT EMAIL ADDRESS info@shuraa.in PHONE NUMBER +91-8010990022