Virtual Asset Transfer Services License UAE

ISIC classification: Other financial service activities, except insurance and pension funding activities, n.e.c. (6499)

Typically requires Designated Zone status for VAT purposes

About this activity

Transfers virtual assets between wallets and platforms on behalf of clients, including cross-border and cross-exchange transfers.

Regulatory requirements

Requires external approval — Virtual Assets Regulatory Authority (VARA) (Dubai) / Securities & Commodities Authority (SCA) (other Emirates) & Central Bank of the UAE (CBUAE)

100% foreign ownershipYes

Facility requirementLicensed VARA/SCA-Compliant Office with Cybersecurity & Risk Controls

Market Analysis

Fourth of the transfer/payment/remittance cluster in this dataset (with Crypto Remittance Services, Digital Asset Payment Processing, and Cryptocurrency Payment Services) — VARA's Transfer and Settlement Services category, AED 40,000 application fee, AED 80,000/year supervision.

"Virtual Asset Transfer Services" is the naming variant closest to VARA's own category title, making it a reasonable canonical entry for this cluster if consolidating the dataset's naming redundancy is on the roadmap.

Dubai-only in practice; 100% foreign ownership applies.

Available in: . A detailed per-emirate fee breakdown isn't published for this activity yet — check back soon, or get a scored recommendation for your specific business below.

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