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TL;DR: A DMCC Virtual Asset Proprietary Trading Licence lets you trade crypto with your own capital in Dubai - without VARA's full VASP capital requirements, which apply only to client-facing activities. The DMCC company licence itself costs approximately AED 31,000 (official DMCC fee, varies by activity), with total company setup (incorporation, office, visas) typically AED 50,000. A VARA No Objection Certificate (NOC) - required before you can begin proprietary trading - adds 4-8 weeks to the process. Below: what's included, what it costs, and how the process works.
Launch a Proprietary Trading Company in Dubai (DMCC)
The DMCC Virtual Asset Proprietary Trading licence provides a regulated framework for trading crypto assets with proprietary capital - without external client obligations or the capital requirements typical of full VASP licensing.
We manage the full setup: company incorporation in DMCC, VARA IDQ submission, NOC procurement, AML policy drafting, and bank account introductions. Your involvement is minimal - we handle the regulatory process.
What’s Included
DMCC company formation and license for VA Proprietary Trading
NOC (No Objection Certificate) from VARA — obtained and documented
AML/CTF policies tailored to prop trading
Risk-based internal controls and governance procedures
KYT/AML software integration
Onboarding of MLRO, KYC analyst, and internal staff
Business bank account opening (UAE-based, crypto-friendly)
VARA migration planning (if you scale to client services)
Client Case: VA Proprietary Trading Launch, Dubai (2026)
A team of professional crypto traders required a compliant legal structure to operate a proprietary trading desk in the UAE. We delivered a fully operational entity within 45 days of engagement.
Incorporated and licensed the firm under DMCC
Obtained VARA NOC for VA trading operations
Drafted and submitted AML, risk, and governance documentation
Integrated KYT & risk scoring software
Recruited in-house compliance team (MLRO + analyst)
Company fully operational within 45 days of engagement
Why DMCC for VA Trading?
Government-recognized UAE free zone
Offers a specific license for proprietary crypto trading
No capital requirements for own-funds model
Upgradeable to full VARA VASP licence if business scope expands
It allows trading of crypto assets with your own funds, under a specific license — without offering client-facing services.
Even if DMCC issues the license, for VA activities, a No Objection Certificate from VARA is needed to operate legally in Dubai.
Yes, we provide access to crypto-friendly banks and PSPs in the UAE.
Yes, we can design your setup to be VARA-ready, should you expand to client services or brokerage.
Documentation is prepared within 1–2 weeks. VARA NOC review typically takes up to 4 weeks. Total timeline from engagement to a fully operational company: 6–8 weeks.