I was told this license allows trading crypto commodities both on centralised exchanges and decentralised blockchain using own company funds. VAT does not apply. What is not allowed is providing service to 3rd parties (7229-99 Distributed Ledger Technology Services) or using crypto currency as means of payment. They quoted me the following fees:
Total year 1: 10,256 AED
Total year 2: 11,055 AED
Total year 3+: 22,110 AED
Flexi desk (3 Visa): 19,200 AED
3 Year Residency Visa: 3,360 AED
Emirates ID Service: 450 AED
Medical Fitness Certificate Service: 330 AED
Share capital requirement: Asked︀
(for other types of prop license, it's 50K AED, can be withdrawn after 6 months)︁
They said they would send me a list of UAE banks that accept the license,︂ but haven't received it yet. I asked if they accept corporate bank account abroad, i.e.︃ Switzerland.
The company is subject to approval, and the following questions need to be answered︄ for KYC:
Total year 1: 10,256 AED
Total year 2: 11,055 AED
Total year 3+: 22,110 AED
Flexi desk (3 Visa): 19,200 AED
3 Year Residency Visa: 3,360 AED
Emirates ID Service: 450 AED
Medical Fitness Certificate Service: 330 AED
Share capital requirement: Asked︀
(for other types of prop license, it's 50K AED, can be withdrawn after 6 months)︁
They said they would send me a list of UAE banks that accept the license,︂ but haven't received it yet. I asked if they accept corporate bank account abroad, i.e.︃ Switzerland.
The company is subject to approval, and the following questions need to be answered︄ for KYC:
