DMCC (Dubai Multi Commodities Centre) in Dubai is one of the favourite destinations and a hot spot for investors and entrepreneurs to decide on setting up their business in cryptocurrency. The first question you're asking yourself is "How much does it really cost to start a crypto business in DMCC"?

In this article, we will outline everything you need to know about starting a cryptocurrency business in DMCC, such as licensing fees, set up fees, hidden costs, etc and more, and how to budget accordingly.

Steps to Start Your Crypto Business in DMCC

Understanding the costs is important, but knowing the process is just as important. Follow this step-by-step guide.

Step 1: Determine Your Business Activity

Firstly, clearly identify what crypto service you intend to provide. For example, trading, blockchain services, or wallet services; The particular type of crypto service you provide will determine which type of license you need to obtain.

Step 2: Submit Your Application to DMCC

Second, once you are established on the type of license that you need, your application will be handed over to DMCC with the required documentation such as copies of passports and a business plan in details along with an address proof.

Step 3: Obtain Necessary Approvals

DMCC and relevant authorities will assess your application. All financial and regulatory requirements must be met at this stage.

Step 4: Arrange Office Space

Secure an office in DMCC to comply with mandatory regulations and operational requirements.

Step 5: Get Your License

After approval, you will receive your official crypto license from DMCC, which will allow you to legally start your business.

Benefits of Starting a Crypto Business in DMCC

Why do many entrepreneurs choose DMCC?

Tax Benefits

Take advantage of zero personal and corporate taxes with the freedom to fully repatriate profits.

Regulatory Support

DMCC provides a clear and organized framework for crypto businesses, reducing uncertainty.

Networking Opportunities

Get access to industry events and professional networks that help your business grow rapidly.

Access to Global Investors

Dubai’s international reputation attracts investors from around the world, providing abundant funding opportunities.

DMCC Crypto License Types

When planning to set up a crypto business in DMCC, Dubai, it is important to know which license is right for your operations.

Non-Regulated License (Fast Approval)

Suitable for startups that do not manage client funds:

• Blockchain software or distributed ledger technology (DLT) development

• NFT platforms and creative studios

• Tokenization solutions (non-custodial)

• Web3 infrastructure, analytics or data services

Regulation/approval-based license

Designed for businesses that manage digital assets or client money:

• Centralized or hybrid crypto exchanges

• Wallet services and custodians

• Staking and brokerage operations

• Payments or remittance services using virtual assets

Structural license (optional enhancements)

• SPV / Holding Company: To manage token assets, intellectual property or investment structures

• Regional Headquarters Entity: To expand into the MENA market and connect with investors

Related Post: How to Start Forex Trading in Dubai, UAE: License Cost & Step by Step Process

Step-by-Step Guide to Obtaining a Crypto License in DMCC

Starting a cryptocurrency business in Dubai requires a structured approach. The key steps are outlined below:

Step 1: Determine your business activity and license category

Know whether your crypto company should be focused on blockchain solutions, trading, exchange services, or another form of crypto services. Choose your crypto license in DMCC accordingly.

Step 2: Gather the essential documents

The following documents are mandatory to apply for a crypto license in DMCC:

• Company name and structure: Choose a unique name for your business and determine its legal setup (e.g., LLC, branch, sole proprietorship).

• Business plan: A detailed description of how your company will be run, financial models, and overview of your company.

• Shareholder and Director Details: Passport copies and proof of identity and personal background of whoever you want to run your company.

• Proof of Funds: Financial statements to prove that your business has sufficient finances to say “please give me a license” and also meet their demand with a steady stream of funds.

• AML and KYC Policies: Ensure compliance with VARA’s 2025 Compliance Rulebook, which includes real-time transaction tracking and annual audits.

Step 3: Submit Application

Submit your application through VARA’s Digital Licensing Hub at portal.vara.ae. Include the following:

• Completed VARA Form CR-2025 (available for download on the portal)

• Digitally signed compliance declarations

• Notarized company documents (PDF format)

• AED 2,000 non-refundable application fee

Note: DMCC facilitates the process, but VARA provides the final approval.

Step 4: Pay Licensing and Associated Fees

Where should crypto license applications be submitted?

• License Fee: Payable annually.

• Office Space Rental: Required to set up a business in DMCC.

• Compliance and Administrative Fee: Covers legal process, documentation, and compliance inspections.

Step 5: Get Final Approval and Set Up Your Business

Upon approval, companies will need to:

• Sign all legal agreements with DMCC

• Set up office space in the DMCC Free Zone

• Complete residency visa and Emirates ID formalities (if applicable)

This version will retain structure, active voice, and clarity while being unique and human-like.

DMCC Crypto License Benefits

Distributed Ledger Technology Services

DMCC is an ideal environment for businesses to develop and implement blockchain solutions. This allows companies to develop, scale, and upgrade their businesses to be more efficient, reliable, and trustworthy. DMCC is where enterprise partners and innovators come together with leading edge blockchain based technologies.

Proprietary Cryptocurrency Trading

The secure and regulated framework provided by DMCC allows businesses to trade cryptocurrencies in a safe and efficient manner. Companies gain access to multiple digital asset markets and can actively engage in cryptocurrency trading. DMCC also provides the necessary infrastructure and legal guidance to facilitate smooth operations.

Tax and Trading Benefits

Operating under the jurisdiction of DMCC offers companies significant tax benefits, including 0% corporate and income taxes, as well as full capital repatriation without limits. Businesses with a DMCC crypto license are also exempt from import and export duties on goods and services, providing financial flexibility and a competitive edge in global trade.

100% Foreign Ownership

With a DMCC crypto license, businesses can fully own their capital without the need for a local partner or sponsor. This gives entrepreneurs complete control over their operations and eliminates the limitations associated with local partnership requirements.

Low Cost and Speed

DMCC enables businesses to launch at a low cost from around $20,000, with a minimum capital requirement of approximately AED 50,000. Also the license approval time is 7-10 working days enabling a quick, cost-effective way for companies to enter the market and seize opportunities.

Blockchain Security

DMCC opens up businesses to blockchain know-how whilst maintaining the highest levels of security and privacy. With this, organizations can securely deploy blockchain in production and dissociate the agreement by handling their data and transactions in a secure way.

Requirements for obtaining a DMCC crypto license

• Obtain and complete the license application form from the Dubai Department of Economic Development.

• Submit certified copies of all founders’ passports along with their utility bills.

• Provide CVs for all shareholders and directors highlighting relevant professional experience.

• Maintain clean cryptocurrency wallet records with no suspicious or flagged transactions.

• Ensure that the business has sufficient capital to cover all operating expenses for six months.

• Register all crypto-assets with the Free Financial Zone Department and obtain government approval.

• Submit a detailed description of your business model or a comprehensive business plan.

• Strictly adhere to KYC and AML compliance requirements.

• Fully comply with anti-money laundering regulations.

• Ensure the protection and security of customers’ financial information.

• Have a minimum share capital of AED 50,000 (€12,750) to be deposited within six months of registration.

• Provide detailed information about the company's structure and expected profits.

• Provide information about the source of funds when requested by the regulator.

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Costs and Timelines Overview