How to Setup a Forex Trading and Crypto trading
Setting up a cryptocurrency trading company in Dubai involves several steps, including obtaining the necessary licenses, adhering to regulatory requirements, and establishing a strong operational foundation.
Setting up a cryptocurrency trading company in Dubai
Choose the Jurisdiction
Free Zones: Setting up in a free zone like DMCC or DWTC allows 100% foreign ownership, tax benefits, and easier repatriation of profits. DMCC offers a specific license for crypto trading.
Meet Capital Requirements
Minimum Capital: Ensure you meet the minimum capital requirements specified by the regulatory body, which can vary depending on the nature of your crypto trading activities and the jurisdiction.
Set Up Your Office
Physical Office: Secure a physical office space in the chosen free zone or mainland area, which is a requirement for license approval. Virtual Office: Some free zones offer
Develop Your Trading Platform
Technology Infrastructure: Build or acquire a secure and robust trading platform that meets regulatory standards for cryptocurrency trading. Security: Implement strong cybersecurity measures.
Implement Compliance Systems
KYC and AML: Implement KYC processes to verify client identities and comply with AML regulations. This is crucial to avoid legal issues and maintain trust with clients and regulators. Ongoing Monitoring: Set up systems for ongoing.
Network and Collaborate
Industry Associations: Join industry associations or groups in Dubai and the UAE to stay connected with peers, stay informed about industry trends, and gain support in navigating the regulatory landscape.
Cost of Company Formation
The price for setting up a company starts from just AED 5,750.
The price would differ based on the business activities, number of shareholders, office space requirements, and other factors.
Receive a cost estimate for your business now!
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Steps
- Make a minimum purchase of AED 1,000 using your credit card for any services provided by Bellbottom Corporate Services
- Call the banking services of any of our partner banks and request to convert your purchase into an Easy Payment Plan.
- Get the option of paying over 3, 6, 9 or 12 months
*General terms and conditions from the banks will be applicable.