Simplified VARA License Acquisition Process

With Synergy, we help you gain full autonomy and cut out financial intermediaries by obtaining your own Virtual Assets Regulatory Authority (VARA) license in crypto friendly Dubai. We ensure you are protected from any potential legal risks while establishing brand trust in the eye of the public.

Our expertise ensures your compliance efforts exceed regulatory standards, empowering you to control your destiny.

Elevate your business to new heights of compliance mastery and operational freedom.

The Virtual Asset Regulatory Authority (VARA) in Dubai oversees the regulation of virtual asset-related businesses. Acquiring a VARA license allows companies to operate in the virtual asset space, including cryptocurrency exchanges, crypto asset management, and crypto payment solutions. Here’s how Synergy Auditing and Accounting can assist you through the process:

1. Consultation and Business Evaluation

Our team will begin by assessing your business model to ensure it aligns with VARA’s regulations. We will help identify the relevant categories under which your business activities fall, such as:

• Cryptocurrency exchange
• Crypto asset management
• Initial Coin Offerings (ICOs)
• Blockchain consultancy

2. Prepare the Required Documentation

To obtain a VARA license, specific documents are necessary, including:

• Company formation documents
• Proof of clean financial and legal records
• Detailed business plan outlining virtual asset-related activities
• Compliance with anti-money laundering (AML) regulations Synergy ensures all required paperwork is in order and adheres to VARA’s standards.

3. Application Submission

Once the documentation is complete, Synergy Auditing and Accounting will submit your application to the Dubai World Trade Centre (DWTC), where VARA operates. We handle the process from start to finish, ensuring timely submission and reducing the chances of delays.

4. Compliance and Approvals

VARA requires businesses to meet strict compliance standards, including adhering to Dubai’s legal framework for virtual assets. Synergy will guide you in obtaining necessary approvals, such as:

• AML compliance certification
• Approval from relevant financial and regulatory bodies

5. License Issuance

Upon successful submission and compliance review, VARA will issue your license. Synergy will notify you and provide continued support, ensuring smooth business operations in the UAE.