Companies from the crypto-industry are registered in the free zone. It has its own regulation for the issuance and circulation of digital financial assets, as well as its own supervisory authority. The Dubai Virtual Assets Law does not apply here.Free zone also allows
for activities that, although not financial, are related to it. These may be companies that offer their goods and services to financial companies in order to increase their efficiency (e.g. legal, consultancy services). It also includes companies that help create a conducive environment for leisure and lifestyle (shops, cafes, fitness centres and others).
Free zone is located in Dubai, close to Downtown.
- An essential feature of the DIFC is its legal system, which is based on English common law rather than UAE civil law. The DIFC Free zone also has its own court to resolve disputes.
- Crypto company registration. The free zone has its own regulation and is overseen by an independent body, the DFSA.
- You need to open an account and also have an office in order to get a license.