1 / 8

How to get a crypto license in dubai

The introduction of Web3 has made cryptocurrencies a hot topic. It is not surprising that Dubai is interested in exploring cryptocurrency and has already taken the necessary steps for a city that has always been ahead of the curve. Therefore, the time is now if you want to get a crypto license in Dubai.

shuraalondon
Download Presentation

How to get a crypto license in dubai

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. HOW DO I GET A CRYPTO LICENSE IN DUBAI?

  2. HOW DO I GET A CRYPTO LICENSE IN DUBAI? The introduction of Web3 has made cryptocurrencies a hot topic. It is not surprising that Dubai is interested in exploring cryptocurrency and has already taken the necessary steps for a city that has always been ahead of the curve. Therefore, the time is now if you want to get a crypto license in Dubai. The city has become one of the world’s most well-known markets for bitcoin platforms due to the remarkable growth of bitcoin firms which have fundamentally altered business operations globally. The United Arab Emirates is among the top four nations ready to adopt cryptocurrency. According to statistics, the country ranks 6.2 out of 10 in terms of crypto readiness.

  3. What Is Cryptocurrency? Cryptocurrency is a digital or electronic currency that uses encryption to protect transactions. Furthermore, rather than a centralised issuing or regulatory organisation, cryptocurrencies rely on a decentralised mechanism to log transactions and issue new units.Additionally, because it is a peer-to-peer system, anyone from anywhere can send and receive money. Cryptocurrency payments are not physical currencies that can be carried around and exchanged; instead, they are recorded digitally in a database that identifies individual transactions.

  4. Why Do You Need a Cryptocurrency License in Dubai? Getting a crypto license will significantly enhance your business. Some of the benefits include: Your company’s transaction expenses are significantly reduced due to the absence of gateways and service fees. Cryptocurrency trading provides strong encryption, ensuring the security of all transactions. Given the recent uptick in bitcoin trends, it will help you distinguish yourself from your competitors. The Dubai government has begun developing rules to encourage Dubai residents to invest in various cryptocurrencies. According to statistics, 25% of millionaires in the Middle East have already invested in cryptocurrency. For Dubai tax residents, there is no personal income tax on bitcoin earnings. There is no tax on capital gains, business revenue, or salary, whether you trade actively or simply hold.

  5. HOW DO I APPLY FOR A DUBAI CRYPTOCURRENCY LICENSE? To obtain a cryptocurrency license in Dubai, follow the steps mentioned below – 1. Choose a Company Name 2. Make Contact With the Appropriate Authority 3. Obtain Cryptocurrency Authorisation 4. Follow All Compliance Protocols

  6. In cryptocurrencies is strictly regulated. As a result, you need to present genuine documents. Some of them are as follows: 1. 2. 3. the UAE, licensing for WHAT DOCUMENTS DO YOU NEED TO GET A CRYPTO LICENSE? A copy of your passport Passport-size photographs A copy of your entry visa You’ll need to provide a few more documents. Contact the professionals at the Shuraa UK branch for the complete list of documents.

  7. WHAT IS THE COST OF A CRYPTO LICENSE? Obtaining a crypto license should be simple if you meet all the requirements. Although the crypto license cost in Dubai will vary depending on the applicable laws, it can generally range between 21,500 and 35,000 AED and may increase depending on the activity.

  8. CONTACT US : +44 7538 205604 THANK YOU info@shuraa.com www.shuraa.co.uk/ Shuraa Business Setup London Br. 9 Fisher’s Lane, Chiswick, London W4 1RX We look forward to working with you

More Related