UK LLP as banking solution for UAE FZ on Crypto

[AtMo]

I'm ready to form my UAE FZ for my crypto-related business, I need to trade FIAT for Crypto, and I know banking for crypto is hard in Dubai.

Is it viable for me to form a UK LLP controlled by the UAE FZ so I can get banks/EMIs to trade with exchanges or OTC?

 

[JackAlabama]

AtMo said:
I'm ready to form my UAE FZ for my crypto-related business, I need to trade FIAT for Crypto, and I know banking for crypto is hard in Dubai.

Is it viable for me to form a UK LLP controlled by the UAE FZ so I can get banks/EMIs to trade with exchanges or OTC?
Click to expand...

Sadly its not the great 2020 anymore during the big migration. Did you study VARA license requirements? 😉

 

[AtMo]

JackAlabama said:
Did you study VARA license requirements?
Click to expand...

Thanks for your reply. Can you elaborate on how it will affect my setup please?

I will use the UK LLP to trade FIAT for Crypto so I think I won't need a crypto license in UAE. I just transfer the profit yearly to UAE FZ company, is it viable?