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OfficesA VARA broker-dealer license in Dubai is a permit that helps legal entities act as intermediaries for virtual asset transactions. With this regulatory license, you can match transactions, use client assets to support liquidity, issue assets, and act as a dealer.
Bridge the gap between clients seeking liquidity and platforms matching traders with Enterslice’s expert guidance- complete documentation, capital requirement checks, and compliance support. Get a VARA Broker-dealer License in Dubai effortlessly from anywhere.
AML/CFT Aligned FATF-Compliance
Physical Presence Required- Get Shared Space in Dubai
Application filing with Dubai Economy & Tourism/FZ
Enter the Crypto Market Worth USD 680 Billion
World’s Largest Licensed Virtual Asset Market
VA Sector Contributes 0.5% to the Emirates GDP
Let our experts at Enterslice help you with Dubai VARA broker-dealer registration- error and stress-free documentation, compliance assistance, and end-to-end regulatory support.
You can enjoy various advantages by holding a virtual asset broker and dealer license in Dubai, as explained below:
Clients and investors will be more interested in working with you compared to those without a license, due to your registration with the Virtual Asset Regulatory Authority. It is one of the merits of a VARA Broker-dealer License in Dubai.
You can tap into the global hotspot for crypto, blockchain, and Web3 ventures. Dubai VARA broker-dealer license will enable you to act as the heart of the system, facilitating operations between local and global clients.
You can obtain easier access to banking services with the help of your strict adherence to VARA compliance. It is one of the benefits of virtual asset broker and dealer license in Dubai.
Once you obtain the VARA broker-dealer license in Dubai, you can easily integrate with related services, such as virtual assets regulatory authority-regulated custody.
You can stand out as a regulated entity in the market against the unregistered ones, establishing yourself as a trustworthy business with a higher market share.
With a VARA broker-dealer license in Dubai, you can demonstrate investor protection and security, creating a sense of trust amongst stakeholders in the market.
Once you’ve obtained the regulatory permit, you can engage in diverse business activities, such as buying/selling, margin trading, and derivatives.
You can enhance your international recognition ratings by showing your compliance with one of the world’s leading digital assets regulations/standards.
Checkout how Enterslice will assist you throughout the step-by-step process to obtain the virtual asset broker and dealer license in Dubai:
We'll assist you in preparing and submitting the IDQ to the Virtual Asset Regulatory Authority to demonstrate and outline your proposal to operate as a broker-dealer in Dubai.
You should make a payment equivalent to at least 50 percent of your application before the review process.
If the VARA authority is satisfied with your plan, then they’ll confirm the payment and issue the “initial approval to incorporate”.
The next step is to set up a company either in Dubai’s mainland or free zone with the Department of Economy and Tourism (DET) or any free zone authority. Most businesses prefer the Dubai World Trade Centre (DWTC) for digital IT infrastructure.
Choose an office arrangement with your office staff in Dubai’s mainland or free zone. As per the Virtual Asset Regulatory Authority, you must have a physical address in the UAE. Get the best spaces in famous hotspots.
To obtain the Dubai VARA broker-dealer license, you must appoint at least one UAE resident to managerial positions in your company. We'll assist you with the appointment and background verification
Our associates assist you in submitting and signing your memorandum of association, articles of association, business plan, capital deposit proof, and related incorporation documents with the incorporating authority.
We'll submit the application with the business plan, capital deposit proof, compliance policies, financial statements, and information on key personnel to the VARA.
You should pay the remainder of the application fee for the Dubai VARA dealer-broker license.
The VARA will review your application for VARA broker-dealer license in Dubai. In the meantime, we’ll be in constant touch with them to ensure we reply to every query to streamline the process.
The regulatory authority will verify your payment status and grant you the final approval to operate as an authorized Dubai VARA broker-dealer.
Become a Regulated Virtual Asset Broker in Dubai - Start Trading with Confidence Today.
Scroll down and find out the schedule to obtain the Dubai VARA broker-dealer license. The detailed timeline is as follows:
Register your company and submit the IDQ questionnaire, showing your intent for a virtual broker-dealer business to the authority.
Prepare the mandatory documents like capital adequacy proof, compliance with AML/KYC, CFT, and tech-cybersecurity framework, along with the appointment of key management.
The authority will examine your documents and compliance with paperwork, and if you meet the requirements, then they’ll issue approval for operations in Dubai.
Apply with a business plan and related IT infrastructure documentation for the Dubai VARA broker-dealer license registration.
The authority will send queries, if any, in case they have concerns or questions relating to your documents for VARA broker-dealer license in Dubai.
The authority will grant you the final authorization if they’re satisfied with your application for VARA broker-dealer license in Dubai.
The documents needed for a VARA broker-dealer license in Dubai include the following:
Completed Form
A detailed business plan with financial projections
Target consumer market predictions
A copy of your Dubai company registration certificate
Memorandum of Association (MOA)
Articles of association (AOA)
Articles of Association
KYC-AML/CFT and risk-mitigation policies
A copy of the operational framework
Information on IT infrastructure
Capital adequacy statement as proof of evidence
Audited financial statements of the last six months
Local office business address proof- physical presence
Identification of two local UAE residents
Fit and proper declaration of resident individuals
As a registered dealer, you’re required to fulfil certain obligations with the regulatory authority. Find out how Enterslice is going to assist you with compliance after the virtual asset broker dealer license in Dubai:
The wide range of activities covered under the Dubai VARA broker-dealer license is as follows:
You can transmit and solicit orders for purchasing and selling virtual assets in exchange for either fiat currency or related crypto assets from customers.
Arranging transaction matching between purchasers and sellers, facilitating secure trading.
You can serve as a market participant through our own account in specific situations after obtaining the VARA broker-dealer license in Dubai.
As a broker-dealer, you can actively buy and sell assets to support liquidity within reason and safeguards.
You can also engage in distributing and placing new virtual assets on behalf of your clients.
The key requirements for a VARA broker-dealer license in Dubai include:
The capital requirements for Dubai VARA Broker-dealer registration are as follows:
Given the complex process for obtaining the license and the subsequent compliance requirements, you should join hands with Enterslice. With our network of 10,000+ professionals, we’ll assist you in acquiring the VARA broker-dealer license in Dubai.
Have a look at the answers to the most asked questions:
From consultation to end compliance solutions, we provide the following services:
Yes, a physical office address is mandatory as per the Virtual Asset Regulatory Authority, meaning you cannot go with a virtual address for this licensing permit. Some common types of spaces in Dubai include:
Yes, if you’re a foreigner seeking the permit, then you must appoint at least full-time UAE nationals for managerial and compliance oversight in the entity. They should be held responsible for the regulatory governance of the company.
The fees in USD:
Retail investors: individuals and legal entities with a limited understanding of cryptocurrency investments. They are classified as high-tier categories.
Qualified: Under this category, entrepreneurs and companies with USD 137,000.
Institutional:This includes banks, investment firms, and related high-capital corporations, often supervised by another financial authority.
The average timeline is around 16 to 36 weeks for obtaining the license. This includes the initial application for final approval by the VARA agency.
You can register your company in the Dubai World Central Free Zone for a VARA dealer-broker license. For more information, contact Enterslice and find out reasonable packages as per your business requirements.
-- Testimonials
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“Enterslice provided excellent support throughout my company registration in Dubai. They made the process simple and stress-free with their expertise and timely updates. I would definitely recommend them to anyone starting a business here.”
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