Regulated crypto business in Dubai with a DMCC license
DMCC (Dubai Multi Commodities Centre) is one of the UAE’s leading free zones for blockchain and digital asset companies. The Dubai Multi Commodities Centre license allows for regulated cryptocurrency operations and provides a legal foundation for local and international entrepreneurs.
The DMCC crypto license grants access to an established legal and financial infrastructure, as well as an innovative blockchain ecosystem. Various business models are supported – from trading and exchange to consulting and technology development. The jurisdiction caters to both institutional and retail clients.
Key points:
- The Dubai Multi Commodities Centre license is suitable for crypto trading, brokerage services, blockchain technologies, and virtual asset operations.
- Dubai and the DMCC zone offer 100% international ownership, favorable taxation, and a simple registration process.
- The DMCC Authority streamlines the licensing process by providing support during company registration.
What areas are covered by the DMCC cryptocurrency license
The DMCC crypto license covers a wide range of areas in the field of virtual currencies and blockchain technologies. It is suitable for companies regulated in the field of digital assets, as well as those using or promoting blockchain. Licenses are issued by the DMCC Authority, although certain types of operations may require additional approval.
Main types of operations covered by the DMCC crypto license
| Operations | Description | Additional approval required |
| Proprietary cryptocurrency Trading | The company trades crypto assets on its own behalf. | Yes (with risk management protocols) |
| Blockchain technology services | Development and provision of platforms, applications, or smart contracts based on blockchain. | No |
| Cryptocurrency consulting | Consulting on blockchain integration, compliance, and risk management for other firms. | No |
| Cryptocurrency exchange/trading | Operation of a crypto trading platform or marketplace. (Note: subject to separate approval and additional prepequisites). | Yes |
| Custody and wallet services | Secure storage, management, or transfer of virtual assets. | Yes (if offered to clients) |
- A single DMCC cryptocurrency license can cover multiple types of operations, provided all regulatory and risk management criteria are met.
- Retail trading and exchange operations require enhanced AML/KYC procedures and may require coordination with the VARA regulator.
Advantages of the DMCC license for crypto business
Registering a crypto company in DMCC offers significant opportunities for both startups and established businesses, thanks to a transparent and supportive environment.
Key advantages:
- World-class hub: Dubai Multi Commodities Centre consistently ranks among the top free zones for doing business.
- Ownership and capital repatriation: 100% foreign ownership and free repatriation of profits.
- Taxation: 0% personal income tax and corporate profit tax, with no currency controls.
- Business support: Access to banking solutions, DMCC support, and participation in government initiatives.
- Global recognition: A Dubai Multi Commodities Centre license in Dubai enhances business credibility with partners and clients worldwide.
- Office solutions: From flexi-desks to full offices – meeting substance and presence criteria.
- Fast setup: Company registration and crypto license issuance are carried out as quickly as possible.
| Jurisdiction | License type | Ownership | Tax rate | Setup time | Market access | Regulatory burden |
| DMCC (Dubai) | DMCC Crypto License | 100% international | 0% (Free Zone) | 4–6 weeks | MENA, Global, Asia | Moderate |
| VARA (Dubai) | VARA Virtual Assets License | 100% international | 0% / 9% | 3–4 months | UAE, MENA, Global | High |
| ADGM (Abu Dhabi) | ADGM Crypto License | 100% international | 0% (Free Zone) | 3–6 months | International, MENA | High |
| EU (MiCA) | CASP License (under MiCA) | 100% international | 15–25% | 3–6 months | EU-wide | High |
| Singapore | Major Payment Institution License | 100% international | 17% | 4–6 months | Asia, Global | High |
| Switzerland | FINMA/SRO License | 100% international | 12–18% | 2–6 months | Europe, Global | Moderate / High |
Note:
The DMCC cryptocurrency license in Dubai is optimal for companies that prioritize speed, tax efficiency, and access to regional and international markets – without the heavy compliance burden and high costs typical of some Western jurisdictions.
The Prifinance team supports clients at every stage – from selecting the appropriate corporate structure and preparing compliance documents to liaising with the DMCC and advising on bank account setup. We ensure accuracy, regulatory compliance, and maximum transparency throughout the process.
Requirements for obtaining a DMCC cryptocurrency license
The Dubai Multi Commodities Centre Authority crypto license sets regulatory, operational, and compliance criteria that applicants must fulfill when obtaining authorization. This ensures that only reliable and well-structured companies are permitted to engage in crypto-related operations.
Key conditions for obtaining a DMCC cryptocurrency license
| Category | Requirement |
| Company registration | Register a company in the Dubai Multi Commodities Centre Free Zone (can be fully foreign-owned). |
| Business plan | A detailed business plan outlining the intended crypto operations, risks, and compliance measures. |
| Share capital | Minimum share capital prepequisites (typically AED 50,000, depending on the business activity). |
| Office/presence | A physical office or flexi-desk within the DMCC zone to demonstrate substance and presence. |
| Management | Qualified directors and managers; full disclosure of all shareholders and beneficial owners. |
| AML/KYC policies | Implementation of robust Anti-Money Laundering (AML) and Know Your Customer procedures. |
| IT & security | Development of strong data security, exposure management, and IT protocols. |
| Regulatory approvals | Special approval from DMCC, and from VARA if offering higher-risk crypto services. |
| Application documents | Submission of all supporting documents: ID, proof of address, resumes, business plan, etc. |
| Fees | Payment of initial application, license, and annual renewal fees (varies by activity type). |
Important notes:
- Certain types of operations – such as crypto asset custody or trading on behalf of clients – require additional approvals and enhanced oversight, including coordination with VARA.
- All directors, shareholders, and ultimate beneficial owners (UBOs) undergo background checks. Before issuing a crypto license, DMCC crypto license evaluates the business model, exposure management system, and AML policy.
Our experts
Our team consists of professionals with in-depth knowledge of crypto regulation in the UAE and extensive experience in supporting projects of any complexity. We know how to deliver results while ensuring full compliance with the requirements of Dubai Multi Commodities Centre, VARA, and other regulators.
Nikolai Timofejev Expert with 15 years of experience in FinTech, payments, and business strategy.
Oleksii Kindratenko Expert in company registration, financial licenses, AML and tax consulting.
Eugeniu Bevziuc International business consultant with experience in company setup, remote work, and multilingual communication.
Key facts about obtaining a crypto license in DMCC
| Fact | Description |
| Jurisdiction | Dubai Multi Commodities Centre crypto license, one of the UAE’s leading free zones |
| License type | Cryptocurrency activity license (DMCC cryptocurrency license) |
| Regulator | DMCC Authority; certain activities require approval from VARA |
| Permitted activities | Crypto trading, brokerage services, blockchain technology development, virtual assets |
| Combined activities | Allowed if all regulatory and risk management criteria are met |
| Key conditions | Regulatory, operational, and compliance obligations; assessment of business model, AML policies, and risk management |
| Beneficiary checks | All directors, shareholders, and UBOs undergo background screening |
| DMCC license support | Assistance throughout the registration and application process |
| Consultant | An approved DMCC business consultant is required |
| Application process | Includes consultation, company registration, document preparation, submission, review, approval, and license issuance |
| Timeframe | Depends on activity scope, document quality, and regulatory review |
| Office solutions | Flexi-desk and full office options (to meet substance requirements) |
| Fiscal benefits | 0% corporate levy (if conditions are met), 0% personal income levy, no currency controls, no levy on dividends or capital gains |
| Taxation recommendations | Ensure economic substance, limit operations to the free zone or abroad, verify VAT applicability |
Company registration in DMCC Dubai for crypto business
The application process for a crypto license in DMCC is considered efficient but requires thorough preparation. Timelines depend on the selected business operations, quality of documentation, and regulatory requirements.
Main steps:
- Pre-application consultation – identification of crypto operations and assessment of compliance with DMCC criteria; engagement of an approved DMCC business registration consultant.
- Company incorporation – selection of the company name and structure, submission of the registration application to Dubai Multi Commodities Centre, opening of a corporate bank account (subject to banking compliance).
- Application preparation – drafting of the business plan, risk assessment, AML/KYC and IT security documentation, preparation of Know Your Customers dossiers for shareholders and directors.
- Submission and review – submission of the complete application and document package; compliance review by Dubai Multi Commodities Centre, with possible requests for clarification.
- Regulatory authorization – certain activities may require coordination with VARA or another regulator.
- License issuance – once authorized, DMCC issues the crypto license, after which operations may begin.
Typical timelines
| Stage | Estimated Duration |
| Pre-application and planning | 1–2 weeks |
| Company formation | 1–2 weeks |
| Document preparation | 2–3 weeks |
| Application review and approval | 2–4 weeks (may vary) |
| Total Average Duration | 4–8 weeks |
Tip: The process can be expedited for simple business models, especially when the document package is complete and meets all requirements.
Taxation of companies with a DMCC cryptocurrency license
One of the main advantages of the DMCC license is the ability to operate within Dubai’s competitive tax environment, particularly in the free zone. Companies benefit from tax incentives and a simplified compliance process, making DMCC an attractive jurisdiction for both startups and established crypto businesses.
| Type of tax | DMCC free zone rate | Notes |
| Corporate income tax | 0% (for qualifying activities) | Applicable if the company does not conduct business with the UAE mainland. |
| Personal income tax | 0% | No personal tax for owners, employees, or shareholders. |
| VAT | 5% (standard rate) | Not all crypto activities are subject to VAT; core exchange services are often exempt. |
| Withholding tax | 0% | No withholding on outgoing dividends, royalties, or interest. |
| Import/export duties | 0% (within the free zone) | Applies to goods; usually not relevant to digital asset services. |
| Capital gains tax | 0% | No capital gains tax for DMCC companies. |
Tax benefits for DMCC cryptocurrency license holders
- 0% corporate tax: No corporate tax applies if activities are limited to the free zone or conducted internationally.
- No personal income tax: Exemption applies to UAE residents and international employees.
- Flexible currency operations: No currency control; multi-currency operations and international transactions are allowed.
- No tax on dividends or capital gains: All profits can be repatriated without additional taxation.
Tax planning recommendations
- Proper structure: Limit operations to the free zone or international markets to maintain the 0% tax rate.
- Substance: Ensure physical presence in DMCC (office, staff) in line with UAE regulations.
- VAT: Consult tax professionals regarding VAT applicability to your services (mainly relevant for ancillary offerings).
We operate within the logic of the regulator and speak the language of compliance. Obtain your DMCC license with support trusted by industry professionals.
Frequently asked questions about the DMCC cryptocurrency exchange license
What is a DMCC cryptocurrency license?
It is an official authorization from the DMCC (Dubai Multi Commodities Centre) Free Zone to conduct cryptocurrency and digital asset activities in a regulated environment in Dubai.
What types of activities does the crypto license cover?
Crypto trading, exchange crypto services, blockchain consulting, digital asset custody, token issuance, and other financial services approved by DMCC.
How long does it take to obtain the crypto license?
On average, 4–8 weeks, provided that the document package is complete and all requirements are met.
What are the main requirements?
Company incorporation in DMCC, a business plan, office lease, appointment of qualified directors, and implementation of AML/KYC procedures.
How much does the license cost?
The estimated cost ranges from USD 20,000 to 30,000, including government fees, office rental, and compliance-related expenses.
Is 100% foreign ownership allowed?
Yes, DMCC permits full foreign ownership without the need for local shareholders or sponsors.
Are there challenges in opening a bank account?
Yes, even with a crypto license. Banks require a detailed compliance profile and in-depth KYC information. Having a DMCC license improves the chances but does not guarantee account approval.
What are the Anti-Money Laundering and Know Your Customer obligations?
Robust procedures must be implemented: client onboarding, transaction monitoring, reporting of suspicious activities, and annual review of policies and processes.
Can the crypto license be expanded to cover other crypto activities?
Yes, subject to DMCC requirements and approval for the requested changes.
What happens without a crypto license?
Engaging in unlicensed crypto activity can lead to heavy fines, business closure, asset seizure, and criminal liability under UAE law.
