Category: Business, Technology, Services

Tags: business setup, business setup in dubai, business setup in uae, company formation consultants in dubai, company formation, mainland company formation, trade license in dubai

A VARA license is a permit that the Virtual Assets Regulatory Authority (VARA) can issue to businesses, allowing them to operate with virtual assets in Dubai legally. The authority known as VARA was set up in the year 2022 and aims to govern the virtual asset industry by protecting investors, establishing transparency, and complying with worldwide regulations. Businesses operating in the following areas can obtain a VARA license: Exchange services Trading platforms, Custody solutions, Broker-dealer services Certain custodial wallet-related services Services like loans and lending with crypto Advice in the crypto space Services in crypto asset management Services using digital assets for financial dealings NFT-related companies and activities Blockchain-based financial services A VARA license can be a statement of how a business adheres to the legal and regulatory framework for virtual asset businesses in Dubai. Read More>>>