Cryptocurrency is a digital or virtual currency that uses cryptography for security. The first fee is the standard corporate set-up fee, which depends on the number of shareholders, directors, and other information related to the company. Call us at +97144081900 or send a WhatsApp message on + 971507775554. Once a RERA training certificate has been obtained, license processing can start. Our experienced and dedicated Managers will guide you through the IFZA Dubai Free Zone company setup. Contact us right away at +971 4 4081900. Follow all compliance guidelines. License for restaurants and coffee. To get the exact cost, kindly connect with Shuraa Experts. Dubai has emerged as a highly sought-after financial destination for business entities across the globe. License for operating activity: FIU000407. Request information. IFZA issues the cheapest general trading license in Dubai. International Free Zone Authority. IFZA Free Zone Crypto License. We are also available on WhatsApp: +971 50 7775554 and Email: [email protected] avoid confusion and learn more about how Shuraa can help you navigate through the process of obtaining 100 percent ownership of business in the UAE, book a free consultation with Shuraa’s Legal Corporate Advisors. Once the documents are approved, the final step is the issuance of your company’s license. Cost of Dubai business visa: Approximately AED 3,500 to AED 5,500*. You need to take care of the necessary paperwork, pay all the fees on time, submit the required information, etc. What is Cryptocurrency? 1. com or simply log on to free zone specialists at Shuraa will help you explore all possible options so that you can avail the cheapest free zone license in UAE. The best part is that you can secure the cheapest license in the UAE when you choose IFZA. Start conducting business immediately. You can choose to register your business as a sole proprietorship, partnership, or a private limited company. The product offers different types of licenses, including buying or selling crypto commodities, providing services based on blockchain as a technology, creating a metaverse service. com. The first step for your free zone UAE visa application is the E-channel Registration on the. There are numerous benefits to setting up a crypto company Dubai. Since June 2013, DMCA ( Dubai Maritime City Authority) has passed a resolution demanding a marine owner’s driver’s license should they intend to drive a boat. We’re a family. com. It also provides unfettered access to countries in Euro pe and Asia. Once you have formed your company, you will be eligible to apply for a free zone license. Wondering how to start a business in Ajman, let’s go through the following steps-. Because of its adaptable, cost-effective, and creative licensing solutions, Dubai IFZA is now a free zone of choice for a large majority of the entrepreneurs and new businesses being established in. 2. The sort of business license you receive will depend on a number of things. Select a partner or local sponsor. In addition, setting up a business in the UAE free zone is considerably easier. 02. com. Cost of a professional license in Dubai, UAE. Office Phone : +971-50-875-5725. Documents Required to Obtain a Business License in IFZA free zone. In 2022, Dubai implemented the Dubai Virtual. Moreover, free zone authorities require minimum paperwork to set up. Once your business is set up, you have to register it with Dubai Municipality. Generally, the cost of a freelance license ranges from AED 12,000 to AED 17,000 per year. IFZA. com. IFZA gives an investor a wide choice of commercial activities to engage in. Cost of crypto license in UAE : 1. We’re more than just a workplace. The business setup cost in IFZA starts from AED 14,900*. Benefits of a Cryptocurrency Business in Dubai. At the moment it offers a whole range of business activities related to crypto assets: Crypto exchange license; Crypto. The agreement will drive growth in this sector and promote the use of blockchain in the emirate of Dubai and the UAE, which is the main focus of the. It has established crypto asset activities regulations back in 2018. The first step in starting your restaurant business is to select your preferred jurisdiction. , the Crypto Currencies are allowed for the trading subject to certain regulations. As a result, we have expedited the complete process, allowing you to incorporate business in Dubai at a minimal cost. Connect with the best business setup services providerin Dubai, UAE Book a Free Consultation Building better global connections With our multinational teams & offices UAE – Dubai Phone: 800-SHURAA Email: [email protected] str. These include: Business Type: DMCC allows three types of crypto licenses: crypto trading, crypto asset management, and crypto asset custody. Due to the recent COVID-19 pandemic, UAE immigration. The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license. IFZA license fees start at 12,900 AED for a Flexi-desk with a zero-visa consultancy and service license. – Medical services. The IFZA free zone is a promising opportunity to get a crypto license quickly and profitably, without the need for share capital. License Application It is important to have all your documents in order when starting your business in Dubai. The cost of a used car trading license in Dubai generally starts at AED 25,500. Fast License Setup IFZA business registration is streamlined and highly efficient, being a competitive free zone in terms of license issuance timeframe. It empowers you to engage in commercial activities and trade throughout the UAE. Phone: +3726028423 +37080000484. WhatsApp us: +972504938469. Moreover, free zone authorities require minimum paperwork. Consumer Trust: An ecommerce license in Dubai can help build consumer trust and confidence in the business. Choose a trade name. com. IFZA is a leading Free Zone Community in Dubai with world-class infrastructure, state-of-the-art facilities, and business friendly regulations, making it an ideal destination for. In this thriving UAE economy, our business consultants will guide you through the complete process. To get in touch with our consultants, call us on. Office spaces start from 7 sq meters. Our industry experts also solve your dilemma of business location for your cloud kitchen venture. It already serves as a hub for global trading firms whose operations depend on logistics. With a developing community of business owners and entrepreneurs, IFZA provides the ideal platform for both local and international businesses. UAE Crypto License; Corporate Service; UAE Golden Visa; Our Blogs; Subscribe Now. If you opt for Flexi Desk+, you will enjoy unlimited access to your own. Shuraa’s free zone specialists will guide you through the entire process and ensure you acquire your freelance permit in the UAE. Contact our corporate advisors to learn more about free zone company formation in Dubai. The new digital currency will likely become ubiquitous in business operations soon. IFZA IS THE MOST DYNAMIC FREE ZONE COMMUNITY IN THE UAE We offer a range of business licenses, as well as the ability for foreign-incorporated companies to register a. g. Picking the best crypto exchange in the UAE is difficult. It has established crypto asset activities regulations back in 2018. The. The cost of an IFZA Dubai freelance license varies depending on the type of license and the value-added services you require. Phone: +3726028423 +37080000484. However, the price may vary depending upon the free zone you opt for. Setting up your company in this jurisdiction requires obtaining the relevant approvals, one of which is the RAK free zone. In Dubai free zones, company registration fees and obtaining necessary licenses start from USD 7,000 and can amount to USD 15,000 and more if you set up a big company with many employees and a large office. Together we want to make your company a success. The amount of the license fee will depend on the type of license and the business activity. Let us help you belong to the IFZA activities list and more. Both these free zones are governed by the rules and regulations that are set by the Dubai Silicon Oasis Authority. Starting from just AED 24,500*, the package comes with lucrative boosters such as:,. Congratulations, your business is now ready to take flight! Benefits of IFZA Company Formation. Our personalised approach to licensing and related procedures, coupled with a superior location and unmatched operational standards, makes setting up with us seamless, straightforward and flexible. Flexi Desk is a shared workstation with 10 hours of access per week, an IFZA address, and one hour of complimentary meeting room use per month. This is a special permit for companies operating in the The Administrative Zone of DSOA (areas owned by private developers) using a licence issued by Dubai Economic Department (DED). system that can enable anyone, anywhere, to send and receive payment. Step 3: Apply for a Project Management License. You must decide on your business activity before you begin the establishment process. The cost to get a Dubai DHA license is. Professional license: it is meant for businesses offering professional consultancy and multiple types of services, e. Plan your business activities. The cost of opening a company in a Dubai free zone is dependent on several variables. Determine the type of legal entity. An MSB license in Canada allows companies to provide services related to electronic payments, including money transfers, currency exchange, issuance and sale of remittances, etc. Both these stages have different requirements. Over the years, IFZA has grown into a powerful platform with an extensive global network of more than 800 partners around the world. Commerzbank AG has received a crypto custody license, providing more evidence that European banks are growing warmer toward the asset class. The specific requirements for obtaining a crypto business license in the DMCC may vary slightly depending on the type of license being applied for and the nature of the company’s operations. The UAE is a low tax country with no income tax and only 9% corporate tax, which can be reduced to zero in some cases, for example, when doing business in free zones. The cost of a license for one type of activity is 14,500 USD. First, you need to submit an application to the Health Regulation Department (HRD). Box 342001, Dubai, UAE – Local Toll Free: 800-IFZA (4392) Tel: +971 4 228 5285 – [email protected] DMCC Licensing. STEP 3: Registering submitted documents for PROCESSING. Contact us for Crypto broker license in Poland today. . We help you with Free zone and Offshore company formation, LLC business setups as well as commercial management consultations in Dubai and all over UAE. In addition, you can register free zone companies within 3-4 days. NFTs or non-fungible tokens, are a new type of digital asset that has been making waves, with some selling for millions of dollars. – Beauty salons. Phone: +37066108308. g. Dubai has become one of the biggest markets for crypto-asset platforms in the world. Filling out an online registration application form is the first step. com. com. The Virtual Regulation Asset Law is a wide term for defining the digital trading, transferring, exchanging, or investing of assets. Dubai internet city allows a freelancer license that is one of the most affordable licenses in the UAE. Strong Bros Parnters - FZCO. But to work in this area, you need a crypto license Dubai. There are some exceptions such as Ras Al Khaimah free trade zone authority. Primary RAK free zones for business setup include:To become an importer, you need to have a valid UAE trade license and register with the Customs Department. Setting up a new foodstuff trading firm in the UAE will require an investment of AED 15,000 to AED 25,000. At the moment it offers a whole range of business activities related to crypto assets: Crypto exchange license; Crypto asset. As mentioned earlier, there are three free zones that permit you to open a restaurant. IFZA provides. Click to expand. And there’s no guarantee with bank account opening. Everything you need to know about IFZA Crypto License in Dubai serves as your comprehensive guide to understanding the intricacies of securing an IFZA CryptoIFZA license cost 2023. 25-702, 14th floor, LT-09320 Vilnius, Lithuania. Dubai Multi Commodities Centre (DMCC) DMCC has established itself as one of the most prestigious free zones in the. Why don’t you setup Dubai Mainland license and a specific trading activity that is related to your. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. The International Free Zone Authority (IFZA) is a free zone located in the Emirate of Dubai, United Arab Emirates (UAE). Benefits of a Cryptocurrency Business in Dubai. Step 1: Register a Business. Many free zones have restrictions and limitations of the kinds of business that can be conducted with their license. The UAE IFZA stands apart from the rest of the free zones due to. Currently, E-trader license Dubai cost is AED 1,070 to obtain the Dubai E-trade Licence. If you have opted for a license with visa entitlement, you can apply for a Dubai Freezone visa. On March 9, 2022, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, the Prime Minister, and Vice President of UAE passed the first law to adopt and regulate. 2. Frequently Asked Questions (FAQs)Freelance Visa cost 2023 starts at AED 20,000 with validity for 2 years. Selecting a legitimate and unique trade name for your company is crucial to begin obtaining a limousine license in Dubai. Set up in 1985, Jebel Ali Free Zone or JAFZA is spread across 48 sq metres and is one of the largest and fastest-expanding free zones in UAE. The free zone e-commerce license’s greatest benefit is that it has 100% relief. IFZA provides registration services for businesses, branches, and subsidiaries. The business consultants at the Shuraa Business Setup help you apply for a business license after analyzing your business activities. After receiving all associated papers, we will issue legal permits in around five working days, confirming business formation with IFZA. Get tailor-made cost-effective solutions for your company formation in Dubai, only with Shuraa Business Setup. To obtain a project management services license in Dubai, mainland companies should apply through the Department of Economic Development (DED). Lvivo str. . As per the crypto experts, the digital asset ecosystem contributes around 4. Choosing the right and best crypto exchange in Dubai and the UAE is the main challenge for them. Freelance Visa. You can also email us on info@shuraa. Below is a rundown of documents required for the IFZA Free Zone Company Formation in Dubai: Copy of your passport. Get 100% ownership of your business no matter where you choose to start. The free zone is governed and developed by the Ajman Free Zone Authority (AFZA). In the case that a free zone company wants to do business in Dubai Mainland,. Furthermore, it also includes the dealing of tokens, cryptocurrency, non-fungible tokens, and any other digital assets recognized by VARA. The Department of Economic. securities watchdog to impose penalties for less serious violations of rules. This includes corporate training, corporate banking assistance, health insurance. Apply for initial approval from DED. (IFZA): [PDF] Law No (4) of 2022 Regulating Virtual Assets in the Emirate. The Company Setup Cost in IFZA is AED 12,900 for Zero Visa Quota. Ajman is one of the seven emirates that comprise the United Arab Emirates, and it is home to the Ajman Free Zone (UAE). Passport size photo. In the same vein, the major appealing feature in IFZA is that you need not have a business office or a space to set up your Best Free Zone for Business setup in UAE. The cost of an ecommerce license in Abu Dhabi depends on several things, including licensing fees, registering a trademark, and additional fees from the government. Security deposit: This is a deposit that is required by IFZA as a guarantee of the company’s financial stability. There may be additional fees for value-added services, such as virtual office facilities or additional visa quotas. Contact our corporate advisors to learn more about free zone company formation in Dubai. The tax rate is 10% of the income, which was received during one calendar year. For Support and assistance on a DMCC Crypto Business Setup Get in Touch with our Corporate Team Today on +971 4 221 2602 or contact@wincoreadvisory. Also, there are more than the value of $ 24. Trading activities that need special approvals can also be traded under this activity upon obtaining. You must meet certain eligibility criteria to obtain crypto license in DMCC. IFZA is one of the most competitive free zones for Dubai free zone company formation. We create innovative crypto game applications. UAE’s International Free Zone Authority (IFZA) is rapidly gaining attention as a prominent hub for crypto and blockchain businesses. The UAE government has set pre-defined conditions for Dubai golden visa application eligibility. Plan your business activities. ). It is known as a Dubai DED license since it is given by the Department of Economic Development (DED), also known as DED Dubai. Includes reselling specialized motor vehicles including ambulances, fire engines, garbage collectors , street sweepers, truck- mounted cranes for loading and discharging and truck mixers. What is an NFT in Crypto (Non-fungible token)? If you’ve been following crypto or spend any time on social media, you will have likely come across NFTs. Dubai is moving forward with cryptocurrency regulations. Don’t hesitate to call us at +971 44081900 and you can also send a WhatsApp message at +971 50 777 5554. Trade name registration not required for the first year. Compliance regulations and regular reporting: After receiving a license you should strictly follow every regulation and law that regulates cryptocurrency activity in the UAE. com. RERA charges AED 5,020 per activity. With the assistance of business setup consultants at Shuraa, you can obtain your commercial real estate brokers license and expert assistance for your business setup in Dubai. Prior to applying for a RERA License in Dubai, you must hold a Dubai resident visa. Refer to the examples and guidelines provided by the licensing authority. Business Setup in Ras Al Khaimah Economic Zone (RAKEZ). A 5-year IFZA free zone license cost can be around AED 62,500 – AED 85,300. The Dubai Multi Commodities Centre (DMCC) free zone recently launched a dedicated crypto centre. At the moment, the crypto exchanges need to obtain customary approvals from the authorities for doing business in India in a manner similar to the process of starting any kind of company, in accordance with the Companies Act, 2013 and its underlying rules. But to get approved by the DED in Dubai, you need to have a feasible business plan. Here are the key steps to set up a business in a Dubai Free Zone. Generally, the cost of a trade license in Dubai ranges from AED 12,000 to AED 30,000. For carrying out specified commercial activities. Getting a legal status for your business venture in Dubai. A Portugal crypto license is a mandatory document confirming a business's certification, verification, reputation, and reliability, enabling entrepreneurs to work legally in Portugal. Be it the interior companies in Dubai or any other legal entities, all need a legitimate license to function in the UAE. Entrepreneurs can effectively set up a company in IFZA at a cost of AED 43,470 for a 3 Year business License. £2,000 – for businesses with UK cryptoasset income up to £250,000. 3. The 100% foreign ownership, 100% profit repatriation. You already can open a crypto license in Dubai in certain free zones. Based on your business requirements, you will also have to bear. IFZA offers various types of Free Zone Licenses: Commercial License: Businesses engaged in trading activities can apply for a commercial license which permits them to import, export, store and distribute goods. Some of these advantages comprise. Each case begins with close communication with the Client. From aspiring firms to established global brands, the DWTC Free Zone is a new home for the virtual assets ecosystem. It was founded in 1988 to give enterprises with a tax-free and fully serviced operating environment. Selecting the preferred jurisdiction. The cost charged by RERA for per activity is AED 5,020. Getting a legal status for your business venture in Dubai. com or simply log on to shuraa. To simplify this process, consider utilising the services of a business consultant in Dubai . Commercial License. com. ADGM – Crypto License: Abu Dhabi Global Markets is a regulated financial free zone of the UAE capital Abu Dhabi. Submit your visa and passport. Trading activities that need special approvals can also be traded under this activity upon obtaining third party approvals (TPAs) from the. Additionally, you can also drop in an email at [email protected]. Personal documents: You will typically need to provide. These include obtaining a restaurant license in Abu Dhabi or obtaining a cafeteria license if you’re opening one. IFZA (International Free Zone Authority) is an international financial center and free zone in Dubai, UAE. Obtain license approval, including any third-party approvals, if required. Ajman: The cost of the license will be AED 24,000 (approx. Starting a medical equipment trading company in Dubai requires you to apply for a commercial license and register your business in Dubai mainland. Home; License. PROFESSIONAL LICENSE For businesses providing professional consultancy and multiple types of services, for example technical, lifestyle and similar types of services. Nov 15 (Reuters) - Commerzbank AG (CBKG. The crypto-currency market is evolving, as the volume of dealings in popular crypto`s is only growing. 3% (percent) of the total GDP in the UAE. RAK’s cost-effective, hassle-free, and customer-friendly environment attracts businesses of all sizes. List of best free zones in the UAE: IFZA – International Free Zone AuthorityLvivo str. A Cryptocurrency exchange license in Dubai. Pay the necessary fees. A restaurant business license or the cost of cafeteria business setup, as appropriate, will also need to be considered. IFZA free zone license cost in Dubai includes the cost of the general trading license, service license, and consultancy license. It offers businesses first-class amenities and a great number of commercial infrastructures. It also creates a solid regulatory framework. After thoroughly inspecting your application and documents, if the officials are satisfied, they will issue your IFZA free zone business license within the next 3 to 4 days. You can get the. Initially, the focus was on trade, services, and industry but later IFZA expanded its offerings through. In this article, we will cover all the details concerning a Free Zone license. Also known as the Ras Al Khaimah. Usually general. Call us today on +97144081900. A KYC/AML compliance policy. The cost of a real estate brokerage license for an LLC is approximately AED 12,950. Cost of Dubai commercial license. Setting up a business in a free zone is relatively easier. With this license, you can pursue your profession in General Trading or any other ventures, importing, re-exporting, and trading goods and commodities. We offer a range of business licenses, as well as the ability for foreign-incorporated companies to register a branch at IFZA. Free zone authorities require minimum paperwork and duration. Important! The IFZA free zone is a cheaper and faster way to obtain the license, with no need to deposit share capital or prove previous experience in crypto and finance. The Dubai Multi Commodities Centre (DMCC) free zone recently launched a dedicated crypto centre. The publicly traded company joins crypto-native firms HashKey Exchange and OSL Digital Securities with a license. The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE - the DMCC free zone and. Therefore, you can hire a corporate service provider in Dubai to help acquire the. £10,000 – for businesses with UK cryptoasset income greater than £250,000. Online business consultancy. Before starting a crypto trading business in UAE, you need to get a. Receive your general trading license. Commercial, industrial, and professional Licenses are the three main types of trade licenses in Dubai. The IFZA provides a wide range of business services:One is expected to take the following simple steps to set up a company with IFZA: Issuance of license. The commercial trade license and the professional business license are issued by the Department of Economic. You will be able to get from 1 up to 6 visas and carry out various service activities. C. Ras Al Khaimah Economic Zone (RAKEZ) is a globally renowned industrial hub known for its cost-effective business license packages combined with other incentives. Once you have a RERA training certificate in hand, you can start the application process for an estate brokerage license. Wincore specializes in Tax, Corporate and Fiduciary. 1. 01. Estonia Crypto License; Cryptocurrency License costs; B2B. Delivery note from your company confirming the acceptance of goods. The Benefits of a Freelance Visa in Dubai are numerous. They offer a strong regulatory framework that is geared toward expanding cryptocurrency use in the region. Seize the opportunities that Dubai has to offer and let Shuraa be your guide to a successful business venture in the. Due to its popularity and growth, JAFZA makes for an ideal free zone for multinational corporations (MNCs). To get in touch with our consultants, call us on +97144081900. The DMCC Crypto Centre Advantage. A trade license is required in Dubai for the majority of UAE activities. Considering the total cost for the IFZA Company Setup, it is the most cost-effective option available in Dubai. Prepare Memorandum of Association (MOA)and get it signed by your partners. Select a partner or local sponsor. Crypto banking is a popular choice for professionals and investors due to its countless advantages. September 1, 2023 12:03 pm. The name “Crypto” alone is not allowed but can be linked with another word. The cost of starting a used car business in the UAE can vary significantly depending on various factors, including the location, scale of operations, business model, and specific market conditions. 1. You can also email us at [email protected] your FREE consultation with our Shuraa’s Business Setup consultants today! Call us on +97144081900 / WhatsApp +971507775554. Main Fintech Licenses Crypto Licenses. It was. In order to obtain a license, the investor needs to hire a local agent who will carry out various tasks related o the business such as moving an application for the employment visa, the. This Free zone facilitates quick registration of company and issuance of licenses in 2 working days. For the crypto companies to secure the crypto license: There must be enough capital to operate the business for at least 6 months successfully. Note that usually the setup costs already include the rent of a flexi desk or dedicated office space. Cryptocurrency tax in Bulgaria must be paid by all persons receiving income from crypto active transactions. Doesn't crypto trading require a crypto-commodities license with the DMCC when company is based in the UAE? L. 5B in Q1, and Tether set a record with $2. 1 day remote registration. Given it s centralised location, it plays a pivotal role in the growth of companies in the MENA region. However, the approximate cost of opening a real estate company in Dubai starts from AED 21,000. Assistance with obtaining licenses. Scan this QR code to download the app now. The cost of obtaining a cryptocurrency license in Labuan usually includes various fees, which include: the license application fee, which can range from 1,000 to 5,000 Malaysian Ringgit ($200 to $1,000), depending on the type of license;Mar 16. Investors are more inclined towards applying for a crypto license in DMCC as a fast track to set up their crypto business in UAE. Many potentially profitable crypto-currencies can bring in good money. Dubai has become one of the biggest markets for crypto-asset platforms in the world. Unlike most jurisdictions, NO minimum share capital is required to obtain a crypto license in Portugal. Not only that, you also get the opportunity to obtain 1 free investor visa for life with IFZA’s package. A UAE resident visa is available. Usually, it would be more than AED50,000 (about $15,000) to qualify as an owner of a Dubai crypto exchange license. Call us at +97144081900 or send a WhatsApp message on +971507775554. Here are the examples of low-cost license packages in IFZA:The process of License renewal in DMCC, Visa assistance in DMCC, De registration of DMCC company, Audit report arrangement, VAT filing assistance, import export code, tax residency certificate etc are done by our expert PROs assigned for DMCC Freezone. Located in the iconic Almas Tower, the DMCC Crypto Centre is a leading hub for crypto businesses – fostering growth, collaboration and integrity across the global crypto, Web3 and blockchain economy. Receive your general trading license. Step 3. This includes administrative approvals, the foodstuff trading license cost in Dubai, external certificates, and more. License for operating activity: FIU000407. The cost charged by RERA for per activity is AED 5,020. Dubai Mainland is an economic zone monitored by the Department of Economic Development (DED). Starting from 2023, all companies registered in the UAE must provide tax reports even if they are exempt from corporate tax. 4. IFZA Headquarters, Dubai Digital Park Buildings A2, A3, B5 to B8, P. It is one of the best business freezones available to national and international businesses due to its cost-effectiveness, efficiency, and ease of doing business and performing operations. There are other variable cost factors such as name of the company, number of shareholders, share capital, rent and other external approvals that affect the additional fees for the UAE commercial license. It is designed to facilitate the growth. a team and support each other through challenges. , technical or retail. Additionally, you can also drop in an email at info@shuraa. Professional licenses are granted to individuals and businesses that provide professional services based on their specific skills and educational qualifications. Among all DMCC is known for its most seamless process of getting a crypto license in Dubai. 3. Step 3. Submit the required documents of the shareholders such as passport copies and photographs. While many businesses in Dubai were already on their digital journey, few had accomplished the transformation goal. Contacts. Getting external approvals if required. If you choose to set up your business in a Free Zone like IFZA, 100% ownership is possible. With this license, companies are allowed to conduct transactions in Canadian dollars or foreign currency, both within Canada and in other countries. Investors who want to establish their business in cryptocurrencies must meet the minimum requirement of cost of a Crypto license in Dubai is between AED 30 000 to AED 50 000. Prepare Memorandum of Association (MOA)and get it signed by your partners. RAK Free Zone - the cheapest UAE business setup. Select a suitable package and place the order. Pay the necessary fees. Therefore, the technical services license cost in Dubai, Sharjah, or Ajman would vary on the. Pick a suitable office for your. Highly educated individuals such as Ph. Here are the key steps to set up a business in a Dubai Free Zone.