Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE).
The product is designed to assist businesses and startup owners in obtaining crypto licenses in two key zones in UAE – the DMCC free zone and IFZA free zone, both located in Dubai.
The licensing procedure takes up to 12 weeks and includes collecting all the necessary documents, registration, and opening a corporate account. Gofaizen & Sherle’s product offers a clear and simple way to obtain a crypto license for any project.
“According to industry experts, the UAE is quickly becoming one of the most attractive jurisdictions for crypto projects. With its fast-paced development and business-friendly regulations and tax regimes. We believe that the crypto industry has the power to transform the economy and create new value for a more effective and secure business environment.” says Mark Gofaizen, senior partner, Gofaizen & Sherle. “That’s why we’re thrilled to launch our latest product in the UAE, as part of our global strategy to help businesses grow and thrive around the world.”
Gofaizen & Sherle can assist in obtaining a license in two key jurisdictions. The DMCC free zone is the prestigious and reputable free zone in the UAE, offering a higher company status and better chances for account opening.
The licensing procedure requires confirmation of the director’s experience in the crypto currency/financial sphere, and the license obtainment deadline is 3-4 weeks. The minimal share capital requirement of 50,000 AED (€12,750) must be submitted to the corporate account within six months after registration.
The IFZA free zone is a cheaper and faster way to obtain the license, with no need to deposit share capital or prove previous experience in crypto and finance.
The product offers different types of licenses, including buying or selling crypto commodities, providing services based on blockchain as a technology, creating a metaverse service provider, or an NFT marketplace.
About Gofaizen & Sherle
Gofaizen & Sherle is a leading legal & business consultancy for digital assets-oriented businesses, investment funds and financial organizations focused on EU markets while expanding globally.
Its headquarter is located in Tallinn with representative offices in Lithuania, the Czech Republic, and Poland. The firm services scope features company registration, business strategy development, and financial licensing including crypto businesses, EMI, and other types of licenses.
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