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Feature/Category |
Virtual Assets Service Provider (VASP) |
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Type of company required to be eligible |
Mainland Dubai, DIFC, ADGM |
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Minimum paid-up statutory capital |
Starting AED 2 million to AED 4 million depending the category |
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Corporate Taxation |
9% |
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Main requirements |
• min 2 local directors (fit and proper) •local Compliance •local office •External Audit |
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Approximate Timeframe |
As regards the timeframe for obtaining the license, a completed application is normally decided upon SCA approval within approximately 6 months from the date of the final filing. |
- Visa and Emirates ID registration.
- Opening of operational and clients bank accounts (worldwide).
- Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)
- Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit
- Provide outsourced Compliance & AML Support services
- Provide outsourced Risk Management services
- Assistance with finding local premises
- Assistance with Trademark & Brand Name registration
- Provide in-house trainings/seminars
- Provide Legal Opinions
- Provide DPO & GDPR Advisory services
"*" indicates required fields
We recommend that you always check your spam/junk folder for legitimate emails that have been sent there by mistake and add “corporate@gfscglobal.com” to your White List or Safe Sender List.