Become a Fully Regulated Virtual Asset Service Provider in Dubai

Companies involved in cryptocurrencies, blockchain technology, and virtual assets are mandated to register formally with the regulatory authority in Dubai. Work with our award-winning specialists to get fully licenced, and enjoy all the benefits of operating in the GCC

About the Virtual Asset Service Provider (VASP) License

The license is administered by the Virtual Assets Regulatory Authority (VARA) and overseen by the Government of Dubai. It serves to encourage responsible market participation, creating an enabling environment for both corporate organizations and end-users in the virtual assets sector.

All new and existing companies that offer digital currencies and tokenized assets in the region need a license from VARA to commence or continue operations.

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Why Your Company Needs a

Dubai Virtual Assets License

Why Work With Sanctuary?

Sanctuary is a fully certified advisory firm with a team of award-winning
professionals specialised in the UAE and GCC business landscape.

An unimpeachable track record of top-quality service delivery

A client-first approach that’s bespoke and personalized

Experts with decades of experience operating globally

A highly influential and award-winning leadership team

A pragmatic, solution-oriented, and collaborative approach

Our Results




Companies Incorporated by Our Team Members

50 Years

Combined Advisory


Experienced & Award
Winning Team Members

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Please note that non-GCC nationals must already have a company to set-up in Saudi Arabia


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What is VARA Dubai?

VARA means Virtual Assets Regulatory Authority, and it’s a Dubai government agency that oversees the activities of digital assets providers, regulates the sector and issues the VASP (Virtual Asset Service Provider) license.

How long will it take to get licensed by VARA?

Depending on the availability of the required documents, the processing time for a VASP license from VARA may vary from company to company.

How do we get started with the VARA licensing process?

The process begins with a consultation with our team. Afterwards, clients get a list of documents they need to provide, along with guidance on how to secure the documents they may not currently possess

Is VARA the same thing as a VASP license?

Not entirely. VARA stands for Virtual Assets Regulatory Authority, and it’s the body that issues the VASP (Virtual Asset Service Provider) license.

Do all Dubai crypto, NFT, and Metaverse companies need the VARA/VASP license?

The virtual asset sector is very broad, so it’s critical to understand which services exactly are being regulated by VARA. Start a conversation with a Sanctuary representative now to get a better understanding of which activities are included under each license.