The UAE has become one of the most attractive hubs for cryptocurrency as the crypto payment is being normalized with growing acceptance. As per a very recent regulation, the international investors are now allowed to buy property in Ras Al Khaimah using cryptocurrency. Developers in other emirates already accept cryptocurrency payments.
In Dubai, Damac Properties, one of the largest private developers, accepts Bitcoin and Ethereum. This gives investors more convenience. In July 2025, Dubai Land Department signed a deal with Crypto.com. The agreement supports property transactions through digital currencies. Investors can now buy and sell real estate using crypto.
The government’s strong initiatives like acceptance of cryptocurrency in transactions, tax benefits, and crypto-friendly free zones, the UAE crypto license is now in high demand. Specially, crypto trading license Dubai is a lucrative option for international investors.
This blog will guide you how to get crypto license in Dubai with the support of Momentum. Our expert consultant can assist you on how to start a crypto company in Dubai from setup to launch.
UAE Cryptocurrency Market Overview
The UAE is now the third-largest crypto economy in MENA. Even with a smaller population compared to its neighbor gulf states, the UAE’s adoption of cryptocurrency is rising fast.
Indicator | Growth/Value |
|---|---|
Total cryptocurrency received (Jul 2023–Jun 2024) | $34 billion |
Year-on-year growth | 42% (vs MENA avg. 11.73%) |
Small & large retail transactions (<$1,000–$10,000) | +80% |
Professional transactions ($10K–$1M) | +46.30% |
Institutional transactions ($1M–$10M) | +55.07% |
The UAE government follows a two-step regulatory approach:
- Expanding existing financial laws to cover digital assets.
- Creating new legislation dedicated to cryptocurrencies.
The UAE has also introduced VAT exemption on crypto transfers and conversions which makes the crypto market appealing for global investors.
What a Dubai Crypto License Allows
With a cryptocurrency license in Dubai, you have the flexible options for a range of approved activities:
- Transfer and settlement services
- Advisory services
- Management and investment services
- Exchange services
- Custody services
- Lending and borrowing services
- Broker-dealer services
In addition, under a crypto business license in Dubai, activities like database management, crypto consulting, and mining are possible. However, ICOs and exchanges must be approved by the right authority.
Crypto-Friendly Free Zones in the UAE
The UAE’s crypto-supportive free zones make it easier to start a crypto business in Dubai or other emirates.
Free Zone | Key Features |
|---|---|
Abu Dhabi Global Market (ADGM) | Pioneering fintech and crypto regulations since 2018 |
DMCC Crypto Valley | A global hub for blockchain and crypto innovation |
Dubai Airport Freezone Authority (DAFZA) | Licenses proprietary crypto trading with tax benefits |
Dubai World Trade Centre (DWTC) | Home to crypto businesses under SCA supervision |
RAK Digital Assets Oasis (RAK DAO) | Focused on digital and virtual asset companies |
Choosing between mainland business setup in Dubai and business setup in free zone depends on your goals. Momentum consultants can further guide you about the right jurisdiction for your crypto business.
Regulators for UAE Crypto License
The UAE has specific departments for different licensing requirements. These regulatory authorities make the processes structured and streamlined for business setup Dubai.
Authority | Role |
|---|---|
Securities and Commodities Authority (SCA) | Regulates ICOs, exchanges, and wallets across the UAE. |
Financial Services Regulatory Authority (FSRA) | Oversees fintech and crypto in ADGM. |
Virtual Assets Regulatory Authority (VARA) | Supervises crypto services in Dubai (outside DIFC). |
Dubai Financial Services Authority (DFSA) | Regulates digital assets inside DIFC. |
Steps to Get a Cryptocurrency License in Dubai
For getting a business license for crypto, it is important to partner with Momentum team so you can start the process with proper planning and complete paperwork.
Step 1: Plan Your Business and Choose Location
At this stage, you will get a free consultation with Momentum consultant who will help you decide whether to set up on the mainland or in a free zone. The free zone options have been mentioned in the above section. Also, you will select the crypto activities you want to conduct.
Step 2: Apply for Approval to Incorporate (ATI)
Then, we will help you submit an Initial Disclosure Questionnaire (IDQ) via Dubai Economy & Tourism for mainland setup or your free zone authority. This includes your business plan, owner details, and proof of legitimacy. VARA reviews the application. If they approve it, you receive ATI. Then, you can proceed for company registration.
Step 3: Register Your Company
With ATI, you can complete your company setup. We will help you secure an office, open a bank account, and prepare documents like as financial forecasts, governance plans, and proof of funds.
Step 4: Apply for the Full VASP License
At this stage, we will send your full application to VARA, help you pay the fees, and you will undergo checks or interviews. Once approved, you will be granted the Virtual Asset Service Provider (VASP) license.
Step 5: Finalize Operations
After licensing completion, you can open a UAE corporate bank account, apply for visas, and officially start a crypto business in Dubai.
Why Choose Momentum as Your Crypto Business Setup Partner
As the crypto licensing process involves multiple steps and you need approvals from different authorities, Momentum ensures your journey is smooth by:
- Advising on how to start a crypto company in Dubai based on your goals.
- Handling paperwork, approvals, and compliance.
- Guiding you through business setup Dubai requirements.
- Connecting you with crypto-friendly banks and managing visa applications.
- With expert support, you can save time and focus on growing your venture.
If you are ready to take the next step and need guidance on how to start a crypto company in Dubai, partner with Momentum now.
