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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.

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