VARA’s crypto licensing framework is designed to regulate and promote a secure and transparent environment for virtual asset activities in Dubai. Neo Legal UAE can assist in the process of obtaining a Virtual Asset Service Provider (VASP) Licence, allowing your firm to engage in crypto-related activities in or from Dubai. Our team will guide you through every step of the licensing process, from initial consultation to final approval, providing expert advice to help you navigate the complexities of the regulatory environment and successfully obtain your VASP Licence.
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Virtual Assets Advisory Services Licence is intended for entities offering advisory services related to virtual assets, such as consulting on investment strategies, risk management, and compliance matters.
Broker Dealer Services Licence authorises entities to facilitate the buying, selling, and trading of virtual assets on behalf of others, including executing trades, offering brokerage services, and serving as intermediaries in transactions.
Custody Services Licence is designed for companies that provide custody solutions for virtual assets, ensuring the secure holding and protection of client assets.
Exchange Services Licence permits licensed exchanges to operate platforms that support trading between various virtual assets or between virtual assets and fiat currencies.
Lending and Borrowing Services License allows entities to offer virtual asset lending and borrowing services.
Payment and Remittance Services License enables licence holders to provide virtual asset payment services, such as processing payments and facilitating remittances using virtual assets as a medium of exchange.
Proprietary Trading License is for companies looking to trade virtual assets on their own behalf, suitable for firms seeking to trade for their own profit.
Virtual Asset Management Services License applies to entities managing client virtual asset portfolios, providing investment management and advisory services.
Virtual Asset Investment Fund License allows licence holders to manage investment funds that pool capital from multiple investors for investment in virtual assets.
Market Maker Services License is for licensed market makers who provide liquidity to virtual asset markets by being prepared to continuously buy and sell assets at publicly quoted prices.
Companies looking to establish themselves within the Abu Dhabi Global Market (ADGM) financial free zone must secure an ADGM license to operate. At Neo Legal UAE, we assist in preparing all necessary documentation tailored to your specific business activities, ensuring full compliance with ADGM’s regulatory standards. Our expertise spans a broad range of regulated activities, covering both financial and non-financial services to suit diverse business needs.
For financial services, we provide guidance and support for sectors such as banking and money services, wealth and asset management, capital markets, and digital assets and fintech solutions. For non-financial services, we offer assistance in professional and business services, as well as corporate solutions, which include establishing head offices, treasury centres, holding companies, SPVs, professional associations, foundations, and tech startups. With Neo Legal UAE, your business is equipped with the regulatory foundation it needs to thrive in the ADGM free zone.
The Abu Dhabi Global Market (ADGM) Registration Authority has introduced the Distributed Ledger Technology (DLT) Foundations Regulations 2023, establishing a new regulatory framework for DLT Foundations and Decentralised Autonomous Organisations (DAOs). With our extensive experience in digital asset regulation, Neo Legal UAE can assist in registering a DLT Foundation, suitable for Blockchain Foundations, Web3 entities and DAOs.
RAK Digital Assets Oasis (RAK DAO) offers a supportive environment for launching blockchain and cryptocurrency products that are not regulated as financial products or services within the UAE. Businesses can release innovative digital assets, tokens, and decentralized finance (DeFi) solutions without falling under the scope of traditional financial regulations. With a focus on fostering innovation and compliance, RAK DAO provides the flexibility needed for projects to thrive in the UAE’s dynamic digital asset market.
