Regulated VASPs
Exchanges, broker-dealers, custodians, transfer and settlement services, and virtual-asset management — licensed by VARA, DFSA, FSRA or SCA.
Crypto & virtual assets
Crypto and blockchain business setup in the UAE
From blockchain software companies to regulated virtual-asset service providers — we map the right regulator, licence and structure for your crypto business.
Start with the right regulator
The UAE has one of the most developed frameworks for virtual assets, but it's split across several regulators. Which one applies depends on where you set up and what you'll do:
- VARA — virtual-asset service providers in Dubai, including most Dubai free zones (except DIFC)
- DFSA — crypto-related financial services in DIFC
- FSRA — virtual-asset activities in ADGM, Abu Dhabi
- SCA — virtual-asset activities in the other emirates at federal level
- Central Bank of the UAE — payment tokens and stored-value services
Not every crypto business needs a VASP licence. Blockchain software development, Web3 consulting and similar activities that don't hold or move client assets can often be licensed in a free zone. Getting this distinction right early saves months.
Planning to set up in IFZA? See our guide to the IFZA crypto licence and when VARA applies.
How we help
- Activity mapping: regulated vs non-regulated, and which regulator applies
- Company formation in the right free zone, financial centre or mainland
- Coordination with licensing and compliance specialists for VASP applications
- AML/KYC framework planning and documentation support
- Bank and payment-partner introductions, with a strong due-diligence file
- Accounting, VAT and Corporate Tax after setup
Common crypto business models
Blockchain technology
Software development, smart contracts, Web3 apps and infrastructure — usually a free zone tech licence without a VASP licence.
Consulting & advisory
Advisory, research and education businesses in the digital-asset space, structured to stay outside regulated activities.
Frequently asked questions
Who regulates crypto businesses in Dubai?
In Dubai (outside DIFC) virtual-asset service providers are licensed by the Virtual Assets Regulatory Authority (VARA). In DIFC the regulator is the DFSA, in ADGM the FSRA, and elsewhere in the UAE the Securities and Commodities Authority (SCA). Payment tokens fall under the Central Bank.
Do I need a VARA licence?
You need a VASP licence if you will provide regulated virtual-asset services to others — for example exchange, broker-dealer, custody, transfer or management services. Many blockchain businesses, such as software development or consulting that doesn't handle client assets, can be licensed without one. We help you work out which side of the line you are on.
Can a crypto company open a UAE bank account?
Yes, but banks apply enhanced due diligence. A properly licensed structure, clear flow of funds and strong AML/KYC policies make approval much more likely. Some businesses also use specialist banking and payment partners.
How long does a VASP licence take?
Regulated licences take months, not weeks, because the regulator reviews your business plan, governance, compliance framework and capital. Non-regulated blockchain companies in a free zone can often be set up in a few weeks.
Building in crypto or Web3?
Tell us what your platform does and who your users are. We'll outline the licensing route and timeline in an online meeting.
Accounting and tax for your crypto business
Once the licence is issued, our tax and accounting team at pbz.ae keeps the books for virtual-asset activity and handles VAT and Corporate Tax. See crypto and virtual-asset accounting and the guide to crypto tax in the UAE.
Important: This page is provided for general information and knowledge purposes only, as at 10 October 2026. It is not legal, tax, immigration, financial or other professional advice, and it is not a recommendation or suggestion to take, or not take, any action. UAE laws, government requirements, fees and processes change frequently and can depend on your specific facts, so verify the current position with the relevant authority or a qualified adviser before making any decision. Any service from ProBiz Setup is provided only under a written engagement. See our full disclaimer.