Dubai/UAE

Carrying out business activities in Dubai, Enterprises must determine the location of business and the nature of their business, Report to Dubai Department of Economy and Tourism (DET), The relevant free zone authority or Dubai International Financial Center (DIFC) completes company registration and obtains a business license; When it comes to financial services or virtual asset business, Appropriate regulatory licenses must also be obtained. Ganghuitong provides you with choices from jurisdictions, Company establishment and tax registration, to visa, One-stop service for bank account opening and annual compliance.

Dubai Virtual Asset Service Provider (VASP) license is authorized and supervised by the Virtual Asset Regulatory Authority (VARA) in accordance with the law. Authorizes licensed entities to legally conduct virtual asset exchanges in Dubai (except DIFC), Broker, custody, Lending and consulting, etc. 7 exclusive business. This license complies with FATF international anti-money laundering and Travel Rule standards., Legally Exempt Privacy Coin (AEC) Transactions, and implement strict net liquid assets (NLA) and 1:1 Reserve requirements. Legal entry requirements require a local physical office, Configure resident compliance officer (CO/MLRO), Paid-in capital is defined based on the business and custody model. 50 Wanzhi 1 billion dirhams. Hong Kong Huitong provides applying entities with coverage of the establishment of local corporations in Dubai., Executive fitness (Fit & Proper) Interview Counseling, Compilation of compliance and security manual (including BCDR and hot and cold wallet architecture), and full case legal agency services for submission and defense of VARA case files.

Dubai Virtual Asset Service Provider (VASP) is subject to hierarchical regulation by Dubai Virtual Asset Regulatory Authority (VARA) and Dubai Multi Commodities Trading Center (DMCC) based on specific business. VARA VASP license is a legally binding franchise qualification, Authorizes licensed entities to legally carry out crypto asset exchanges in Dubai, UAE, Broker market making, Trusteeship, proprietary trading and other businesses. Hong Kong Huitong provides application entities with coverage of DMCC Free Zone Entity (FZ-LLC) establishment, VARA license classification application, UBO penetrating fund legality traceability, Customized AML/CFT compliance plan preparation and full-case legal agency services for UAE local institutional banks to respond to public account due diligence.