Minimum capital
AED 1,500,000 Plus 2% of the available supply of the token. VARA rulebook, Section F.
Requirements
What it takes.
Application fee
AED 100,000
Annual fee
AED 200,000 Per activity. Schedule 2 of the VARA rulebook.
Decision time
3 months to 2 years Stated by VARA's chief executive, October 2024.
Foreign firms
Must incorporate in Dubai, mainland or a free zone other than DIFC
Reserve rule
100% backing in the referenced currency, segregated, monthly attestation, redemption in one business day
Approval rate
Under 5%
Compare this against every other regime in the full comparison, or see the licences recorded in this market.