FAQs about Emirabiz Services
The cost of a cryptocurrency license in Dubai depends on the activity and jurisdiction. For proprietary trading or digital asset development in RAK DAO, it starts from 7,500 AED. In regulated zones like DIFC or ADGM, costs begin at 36,700 AED and can go significantly higher based on regulatory fees and business complexity.
If you’re trading with your own funds (proprietary trading) as an individual, no license is required. Or you can form a legal entity and use the company’s funds for trading. In this case you must obtain a cryptocurrency license in Dubai from a free zone like RAK DAO or DMCC. For operating exchanges or managing client assets, licensing through DIFC (VARA) or ADGM (FSRA) is mandatory.
To obtain a cryptocurrency license in Dubai, you need to register a company in a suitable free zone or financial center (like RAK DAO, DMCC, DIFC, or ADGM), choose the right business activity, prepare required documents (including AML/KYC policies), and apply through the relevant regulatory authority with expert assistance.
Only share your PRAN number with verified entities such as your employer, bank, or government offices. Never disclose it to third parties over email or messaging apps. Sharing it carelessly can risk identity theft or misuse of your PRAN document.
Yes. When your visa sponsor, job role, or personal information changes, you should update your PRAN number. This helps keep your NPS account, Emirates ID status, and government records aligned.
Generally, applying for a PRAN number in the UAE via typing offices or online includes minimal fees. These cover document processing and may vary slightly between channels. Most application form fees are below AED 100.
No. Tourist visa holders do not meet the eligibility for a PRAN number. You need a residency visa and an Emirates ID card application in progress or approved. If you're moving to the UAE, apply for a visa and Emirates ID first.
The PRAN number remains valid as long as your Emirates ID and visa are active. If these documents expire or change, your PRAN may require an update. Renewal is often automatic but it's wise to check your status regularly on the ICP portal or consult a PRAN specialist.
Yes. Expat residents with valid UAE visas can apply for a PRAN number. The key eligibility criteria include holding an Emirates ID, a valid visa, and meeting NPS-related requirements. Both employees and self-sponsored professionals are eligible.
The rules on absconding in the UAE are unified across the United Arab Emirates, but implementation can vary slightly by emirate. In Dubai, GDRFA oversees many absconding cases; in Abu Dhabi, the ICP takes the lead. However, both follow the same federal legal framework and penalties.
Planning to start a business in the UAE? With Emirabiz, you can navigate the process quickly and effortlessly. We provide expert assistance with company registration, licensing, residency visas, bank accounts, and comprehensive business support.