VARA Licensing Support
Your One Stop Shop for all your VARA Licensing needs in UAE
Securing a VARA license in UAE is a critical step for businesses operating in the virtual assets space. Our comprehensive services are designed to streamline the licensing journey from application to approval, ensuring that your business is fully compliant with VARA's standards. With our expert support, you can confidently navigate the regulatory landscape and achieve your licensing goals efficiently.
Key Compliance Features
One-Stop Shop VARA Licensing Support
We provide end-to-end assistance throughout the entire VARA licensing process, from the preparation and submission of necessary documents to ongoing management until the license is obtained. Our comprehensive support minimizes complexity and streamlines every step.
Expert Guidance & Consultancy
Our consultancy services offer specialized advice and guidance, including preparation of the Initial Due Diligence Questionnaire (IDQ) and support throughout the full application process. We provide actionable insights to meet regulatory expectations and ensure a smooth journey to licensing.
Document Compliance Check
We conduct thorough reviews of your existing documentation to identify any gaps in compliance with VARA’s regulatory requirements. We provide detailed amendments and recommendations to ensure all documents meet the highest standards and mitigate potential compliance risks.
Tailored Document Creation
We draft all required documents needed for the VARA licensing process, including critical policies and procedures such as AML policies, Compliance Manuals, and HR Policies. Our tailored documentation meets all regulatory requirements and industry best practices.
Regulatory Liaison
Acting as the intermediary between your business and the regulator, we handle all communications, submissions, and follow-ups with VARA on your behalf. This allows you to focus on your core business activities while we manage the regulatory process.
Meeting Support & Representation
We accompany you to meetings with VARA, facilitating clear communication and addressing any regulatory queries or concerns immediately. Our support ensures a collaborative relationship with the regulator and helps expedite the approval process.
Ad-Hoc Regulatory Requests
We respond promptly to any additional requests or requirements from VARA, ensuring that all necessary documentation or information is provided efficiently. Our swift handling of ad-hoc requests helps maintain momentum and avoid delays in the licensing process.
Partnership Building Support
We assist in establishing partnerships with essential external entities, such as financial auditors and insurance providers, to ensure compliance and operational efficiency. Our support helps build strong networks that are crucial for the success of your licensing journey.
Roadmap
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01
Choice of Jurisdiction
The first step involves selecting the jurisdiction where the entity will be incorporated. The options include Dubai World Trade Centre (DWTC), Dubai Multi Commodities Centre (DMCC), or Dubai
Economic Department (DET).
02
Initial Disclosure Questionnaire
Once the jurisdiction is selected, the entity will receive an Initial Disclosure Questionnaire. This questionnaire must be completed and submitted to the Regulator for review.
03
Full Document Submission
The Regulator will review the submitted Initial Disclosure Questionnaire. During this review process, the Regulator may issue a Request for Information (RFIs) to seek clarifications regarding the application and the business model. If the Regulator is satisfied with the initial submission and any additional information provided, the Initial Approval (IA) or Approval in Principle (AAN) will be granted.
04
Initial Approval (IA) / Application
Acknowledgement Notice (AAN)
Following the IA/AAN, the entity must compile and submit a comprehensive list of documents to the regulator. This submission includes approximately 65 sets of documents, ensuring compliance with the relevant rulebooks and regulatory requirements.
05
Regulatory Evaluation
The Regulatory will evaluate the submitted documents. This step often involves multiple iterations, with the Regulator requesting amendments or additional clarifications. Typically, this process can take up to 2-3 rounds to finalize the submissions and meet all regulatory requirements.
06
Receipt of License
Upon successful completion of the evaluation process and satisfaction of all regulatory requirements, the entity will receive the VARA license, officially authorizing it to operate within the chosen jurisdiction.
Why Choose Us?
Getting Your VARA License Faster Than The Others
Our seasoned Crypto Compliance Officers ensure a swift license process with their extensive experience
The Smart And Simple Way To Get VARA Licensed
Obtain your license with minimal viable information, expediting the process and minimizing future accountability challenges with Regulators
Ease Of Communication
Presence in both Dubai and Abu Dhabi with full English and Arabic speakers
We've Got You After Licensing
Post-licensing support is crucial and mandatory after getting licensed in UAE. Benefit from outsourced MLRO, compliance officers, ad-hoc support, on-chain transaction monitoring, SAR reporting, and ongoing regulatory reporting
200+ Compliance Officers
We are the world's largest crypto specialized licensing services firm
Certified Crypto Licensing Officers
Our teams are 100% crypto trained, experienced and certified from leading institutions like ICA, ACAMS, Elliptic, Chainalysis, Sumsub, ensuring top-tier licensing standards
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Have any questions?
Get insights on our compliance services, how we streamline regulatory processes, and safeguard your crypto operations.
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