Dubai VASP Registration | VARA Certification Process and Benefits
Dubai and Abu Dhabi are strengthening regulation and support for Virtual Asset Service Providers (VASPs), with the Dubai Virtual Asset Regulatory Authority (VARA) playing a key role. VARA issues essential licenses to companies wishing to operate as VASPs in Dubai, thereby regulating virtual asset-related activities and promoting market stability and investor protection.
※VARA’s role and licensing needs
VARA regulates a variety of activities related to virtual assets. This regulation covers the following key services:
1. Advisory services: Providing financial and investment advice related to virtual assets
2. Broker-dealer service: Virtual asset trading brokerage and sales
3. Custody Service* Safe storage and management of virtual assets
4. Exchange service: Operating a trading platform for virtual assets
5. Loan and borrowing service: Loan service using virtual assets as collateral
6. Payment and remittance service: Payment and remittance using virtual assets
7. Management and investment services: Investment management, including virtual assets
These services are all regulated by VARA, and you can operate your business legally by obtaining a license. VARA establishes specific regulations and rules for each service, and operators must strictly comply with them.
※Requirements for VARA certification
To become VARA certified, you must meet the following procedures and requirements:
1. Company Registration: A company must be formally incorporated in Dubai or Abu Dhabi.
2. Compliance and risk management: You must have an effective internal control system and risk management system.
3. Technology and information protection: We must have a technical infrastructure that can safely protect customer data.
4. Compliance with market conduct regulations: VARA’s market conduct regulations must be complied with in order to operate a fair and transparent business.
Additionally, VARA has the authority for the classification and regulatory treatment of virtual assets, thereby providing clear guidance to operators. After meeting VARA’s regulations, you will be issued a full license, which will allow you to officially begin your work as a VASP.
※Benefits of Incorporating a Corporation Through an Agency
Establishing a corporation in Dubai and Abu Dhabi and obtaining VARA certification requires complex procedures and paperwork. In this process, Sandlink provides the following benefits:
– Easy and fast process: The agency handles the incorporation and visa application process quickly and efficiently.
– Cost savings: Flight, hotel, and housing costs can be minimized, making it possible to establish a corporation cost-effectively.
– Providing expertise: We expertly handle complex procedures and regulatory compliance, minimizing legal and administrative issues.
Depending on the circumstances of the company entering the market, SandLink is doing its best to help establish a corporation while minimizing local stay.
If you need more information regarding incorporation and obtaining a VASP license, please contact Sandlink. Sandlink supports your successful expansion into Dubai and Abu Dhabi through professional consultation.
※VARA’s role and licensing needs
VARA regulates a variety of activities related to virtual assets. This regulation covers the following key services:
1. Advisory services: Providing financial and investment advice related to virtual assets
2. Broker-dealer service: Virtual asset trading brokerage and sales
3. Custody Service* Safe storage and management of virtual assets
4. Exchange service: Operating a trading platform for virtual assets
5. Loan and borrowing service: Loan service using virtual assets as collateral
6. Payment and remittance service: Payment and remittance using virtual assets
7. Management and investment services: Investment management, including virtual assets
These services are all regulated by VARA, and you can operate your business legally by obtaining a license. VARA establishes specific regulations and rules for each service, and operators must strictly comply with them.
※Requirements for VARA certification
To become VARA certified, you must meet the following procedures and requirements:
1. Company Registration: A company must be formally incorporated in Dubai or Abu Dhabi.
2. Compliance and risk management: You must have an effective internal control system and risk management system.
3. Technology and information protection: We must have a technical infrastructure that can safely protect customer data.
4. Compliance with market conduct regulations: VARA’s market conduct regulations must be complied with in order to operate a fair and transparent business.
Additionally, VARA has the authority for the classification and regulatory treatment of virtual assets, thereby providing clear guidance to operators. After meeting VARA’s regulations, you will be issued a full license, which will allow you to officially begin your work as a VASP.
※Benefits of Incorporating a Corporation Through an Agency
Establishing a corporation in Dubai and Abu Dhabi and obtaining VARA certification requires complex procedures and paperwork. In this process, Sandlink provides the following benefits:
– Easy and fast process: The agency handles the incorporation and visa application process quickly and efficiently.
– Cost savings: Flight, hotel, and housing costs can be minimized, making it possible to establish a corporation cost-effectively.
– Providing expertise: We expertly handle complex procedures and regulatory compliance, minimizing legal and administrative issues.
Depending on the circumstances of the company entering the market, SandLink is doing its best to help establish a corporation while minimizing local stay.
If you need more information regarding incorporation and obtaining a VASP license, please contact Sandlink. Sandlink supports your successful expansion into Dubai and Abu Dhabi through professional consultation.
