VARA Crypto Exchange License UAE - Complete 2026 Guide

Overview

The Virtual Assets Regulatory Authority (VARA) requires crypto exchanges operating in Dubai to obtain a comprehensive license covering trading, matching, and settlement activities.

License Requirements

• Minimum capital of AED 500,000 to AED 2,000,000 depending on activities
• Comprehensive compliance manual and AML/CFT procedures
• Technology infrastructure and cybersecurity framework
• Fit and proper assessment for all key personnel
• Physical office presence in Dubai

Application Process

The VARA exchange licensing process involves initial approval, detailed documentation submission, technology audit, and final licensing. Timeline: 12-16 weeks.

Ongoing Compliance

Licensees must maintain capital requirements, submit regular reports, undergo annual audits, and comply with VARA rulebooks.