Regarding activities related to cryptocurrencies and NFTs, the DMCC Registry now offers the following licenses:
Licences offered by DMCC
7229-99 Distributed Ledger Technology Services.
This activity includes providing database management solutions and ancillary services based on distributed ledger technologies, such as Blockchain. Companies with this activities are not permitted to trade in, or setup an exchange for, currencies or crypto currencies/commodities or provide any financial activity services, brokerage or payment processing.
6599-92 Proprietary Trading in Crypto-commodities
This activity includes the buying and selling (Proprietary Trading) of crypto-commodities developed on distributed ledger technology applications, and does not include acting as an exchange, providing brokerage services, financial services, banking services, payment processing or storage services.
7229-97 NFTs E-Marketplace Provider
Includes firms engaged in providing an online platform for the buying & selling of third parties’ unique digital assets (NFTs) and facilitates commercial interactions between buyer and seller in return of a commission or remuneration. The online platform cannot be used to trade or promote crypto-commodities, cryptocurrencies or NFTs covering any regulated products or securities.
7229-98 Metaverse Service Provider
Includes firms engaged in the development and hosting of digital virtual environments, which enable simulated interactions between individuals. Companies with this activity are not permitted to issue tokens which are traded on exchanges or trade in crypto commodities.
Remote setup and residence visa
Registration and bank account
Please note that you do not need to travel to Dubai to register your company and open its bank account. Everything can therefore be done remotely!
Residence visa
Obtaining a residence visa requires your presence in Dubai. However, in this case, we can register your company before you arrive, so you will only need to come once, after your company has been registered, to obtain your visa.
