Dubai

SBSB Fintech Lawyers is a leading international law firm specializing in the fintech and crypto industries. Over 10 years of operation, the company has established itself as an expert in the field of licensing and legal structuring of projects related to payment systems, cryptocurrencies, blockchain, online gambling, and investments. SBSB offers comprehensive services, from company registration to licensing and development of legal structures, ensuring businesses operate safely and in strict compliance with the legal regulations of various jurisdictions.
<img alt="KLyMPe4kLP2FFmwZfrZt5vWTnfIhHhhviEBN8sO5Xg34P967GD-DWYcEdYODNCyKzD7uYQMCuy1tAnMNsnOJK0tTscF_86qRUliu6DxmQRuhGgcGLxGis5TLJI2iCECUj1j3_JhNoM7ewMMq8xvGVKg" src="https://cdn.thebittimes.com/images/2024/05/11/1715433081.webp" width="800" height="394" style="display: block; margin-left: auto; margin-right: auto;">
<h2 dir="ltr" id="span-the-importance-of-crypto-license-in-uae-dubai-for-business-span">The importance of Crypto License in UAE (Dubai) for business</h2>
Thanks to the government’s progressive approach and favorable conditions for investors in free economic zones, many entrepreneurs choose the UAE to register their digital coin projects. In Dubai, virtual assets are officially recognized as «digital representatives of value», just as stated on the site&nbsp;<a href="https://sb-sb.com/services/crypto/crypto-license/asia/uae/" target="_blank" rel="noopener noreferrer nofollow">https://sb-sb.com/services/crypto/crypto-license/asia/uae/</a>, they are allowed to be used as a means of exchange, payment, and investment. Licensing of crypto-businesses is carried out by the VARA. It is a specialized regulator in the free economic zones of the emirate. Obtaining such a certification opens up many benefits for companies, including:
<ul>
 <li dir="ltr" aria-level="1">Legal status of cryptocurrencies. Favorable conditions have been created at the legislative level for the development of cryptocurrency businesses and blockchain projects;</li>
 <li dir="ltr" aria-level="1">Attractive tax regime. The corporate income tax in the country is low —&nbsp;only 9 percent, and double taxation agreements are in force;</li>
 <li dir="ltr" aria-level="1">Loyalty to foreign investors. Foreigners can own 100% of the company without involving local partners and hire staff from abroad;</li>
 <li dir="ltr" aria-level="1">Simplified licensing process. Some procedures can be completed online; residency of the founders is not required.</li>
</ul>
By obtaining a crypto license in UAE (Dubai), companies can legally carry out a wide range of operations, including creating cryptocurrency exchanges, funds, exchangers, conducting ICOs, issuing crypto assets, and much more. At the same time, the business is protected by strict regulatory requirements.
<img alt="7lhavzp8UYGcY-Dde9NtiyKzLcE9buXiWR59l7MtHoiH2MD1wb71n49b0niCnqts8H5hMX3LxvATwtx16SWENDrHcRP11jx1zoGxoSI8LK-SPJLOXwz3DXc-j2opjvzYykAiWV09hA4cj5kmp-W_-8o" src="https://lh7-us.googleusercontent.com/9BUVE_vkxspZIf1RgM5ZsVXP7SR6ouBs74EecHdySPakqsBLGbctpQSh-3lC306IExs75H-0sM6dDTm5v9aTL0dtPReEiQ34ptzDjuuY7qKUK0F5vCWEs4jPgknSgyz0z-8PCAIcTc_9wtjm2bJpbw" width="610" height="312" style="display: block; margin-left: auto; margin-right: auto;">
<h2 dir="ltr" id="span-ability-to-make-your-service-more-accessible-span">Ability To Make Your Service More Accessible</h2>
Dubai stands out from other jurisdictions, offering unique conditions for the development of cryptocurrency businesses. Obtaining a Crypto license in the UAE opens up a lot of advantages: from a simplified registration procedure to a favorable tax regime. Moreover, having a license allows you to legally and safely conduct transactions with cryptocurrencies, confirming the company’s status in front of clients, partners, and regulators. By choosing Dubai to license their cryptocurrency payments business, companies have the opportunity to increase trust, streamline business processes to comply with regulatory requirements, and improve key performance indicators.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/why-is-crypto-license-in-uae-dubai-important-for-the-proper-organization-of-payment-business-tbt88065.html">https://thebittimes.com/why-is-crypto-license-in-uae-dubai-important-for-the-proper-organization-of-payment-business-tbt88065.html</a>

Why is Crypto License in UAE (Dubai) important for the proper organization of payment business?

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