What are the key requirements to obtain a VARA License in the UAE?
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For businessmen and startup companies looking to enter the digital asset industry in the UAE, obtaining a VARA License is an essential step. The Virtual Assets Regulatory Authority (VARA) provides a structured framework that ensures trust, compliance, and investor confidence. With the UAE positioning itself as a global hub for blockchain and crypto innovation, the licensing process is designed to support sustainable business growth.
Key Requirements for a VARA License:
Business Plan & Scope – A clear outline of your services, operational model, and revenue streams.
Company Registration – Your business must be registered within an approved UAE jurisdiction.
Compliance & AML/KYC Procedures – Strong anti-money laundering and customer verification policies.
Financial Stability – Proof of sufficient capital to operate and meet regulatory obligations.
Technical Infrastructure – Secure systems for transactions, data protection, and cybersecurity.
Qualified Management – Experienced leadership to ensure operational efficiency.