Dubai VARA is an institution established in accordance with the virtual asset regulatory laws of the Emirate of Dubai. Its goal is to establish an advanced legal framework to protect investors and promote responsible growth in the virtual asset (VA) industry. It is responsible for licensing and regulating the virtual asset industry within the territories of Dubai mainland and free zones, and works in collaboration with the Central Bank of the United Arab Emirates and the Securities and Commodities Authority to provide comprehensive services.
Advantages:
International standard recognition: VARA aims to regulate the virtual asset industry prudently according to international standards, providing a more stable investment environment for investors and businesses.
Legal protection: The virtual asset regulatory laws of the Emirate of Dubai are designed to protect investor interests and ensure the legal and compliant operations of virtual asset trading and service providers.
Comprehensive services: VARA collaborates with the Central Bank of the United Arab Emirates and other institutions to provide a range of services covering virtual asset issuance, trading, platform operations, and more.
How to register for Dubai VARA license:
Choose operating region: Select the region in Dubai where you wish to operate, either Dubai mainland or Dubai free zone.
Create a bank account: Open a bank account for your company in Dubai for financial transactions.
Company registration: Establish a company engaged in computer programming and software development. Determine directors and board members, requiring at least a CEO, CFO, and CTO.
Business plan: Develop a credible and detailed business plan and submit it to VARA for review. Approval of the business plan will be crucial for the subsequent process.
Submit documents: Once the business plan is accepted by VARA, you will need to submit other necessary documents and materials as required.