You are better off with BVI here, I do recommend this to all clients since the very beginning.
This was even before VARA was in place.
My point of view was always that the UAE Crypto License would make sense and worth the cost if you can access the local UAE Banking︀ System. But as this is not the case - you have the same Banking options︁ like a BVI Company while a BVI Company is cheaper and faster to setup.
Now with VARA and even the deposit they are looking for - call it a day︂ - it's even more funny you first need to incorporate with a different activity to︃ be able to make a Deposit on the Business Bank Account to even be in︄ a position to make a VARA Application.
I'm sure we are all having some hobbies︅ and family we are better of to invest our time there as in this.... -︆ well whatever it is.
This was even before VARA was in place.
My point of view was always that the UAE Crypto License would make sense and worth the cost if you can access the local UAE Banking︀ System. But as this is not the case - you have the same Banking options︁ like a BVI Company while a BVI Company is cheaper and faster to setup.
Now with VARA and even the deposit they are looking for - call it a day︂ - it's even more funny you first need to incorporate with a different activity to︃ be able to make a Deposit on the Business Bank Account to even be in︄ a position to make a VARA Application.
I'm sure we are all having some hobbies︅ and family we are better of to invest our time there as in this.... -︆ well whatever it is.
