What documents do I need to start a crypto business in the UAE?
To start a crypto business in the UAE, you typically need to prepare a business plan, obtain a license from the relevant authority, and comply with local regulations. For example, if you're setting up in Dubai, the Dubai Multi Commodities Centre (DMCC) can issue crypto licenses, and the cost can range from AED 10,000 to AED 20,000 depending on your business model. As someone who navigated this process in 2022, I recommend consulting with a local legal expert to ensure all compliance measures are met. Pro tip: Engage with the Virtual Assets Regulatory Authority (VARA) for the latest regulations and support.
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