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Dubai, the financial center of the United Arab Emirates, is emerging as a popular destination for virtual asset businesses. Its rapid transformation over the past decade can be attributed to its advantageous location, business-friendly atmosphere, modern infrastructure, and commitment to technological innovation. Dubai’s location at the intersection of Asia, Europe, and Africa offers access to...

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Dubai’s Virtual Asset Regulatory Authority (VARA) recently unveiled the Virtual Assets and Related Activities Regulations 2023, which aims to establish a comprehensive framework for virtual assets (VAs). This framework is based on principles of economic sustainability and cross-border financial security. The United Arab Emirates (UAE) is fully committed to facilitating these drivers while updating its...

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The Dubai cryptocurrency license is a legal framework established by the Dubai Multi Commodities Centre (DMCC) and the Dubai Financial Services Authority (DFSA) to regulate cryptocurrency businesses in Dubai. The license was introduced in 2020, following the growing interest in cryptocurrencies and blockchain technology in the region. The cryptocurrency license is designed to ensure that...

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If you are looking for greater confidentiality and more tax benefits, Dubai is the ideal place for you. Not only does Dubai offer zero corporate taxes, but it also has double taxation treaties with numerous countries to protect companies from the risk of double taxation. Although Dubai is growing in reputation as a tax haven...

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