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Gofaizen & Sherle, a leading fintech and crypto consulting firm based in Estonia, recently launched its first crypto product for the United Arab Emirates (UAE).
product Designed to help corporate and start-up owners obtain crypto licenses in two key areas of the UAE – the DMCC Free Zone in Dubai and the IFZA Free Zone.
The licensing process takes up to 12 weeks and includes gathering all necessary documents, registration and opening of a company account. Gofaizen & Sherle’s products provide a clear and easy way to obtain an encryption license for any project.
“According to industry experts, the UAE is fast becoming one of the most attractive jurisdictions for crypto projects. With its rapid development and business-friendly regulations and tax regime. We believe that the crypto industry has the power to transform the economy and Create new value for a more efficient and safer business environment.” explain Mark Gofaizen, Senior Partner, Gofaizen & Sherle. “That’s why we’re excited to launch our latest product in the UAE, as part of our global strategy to help businesses around the world grow and thrive.”
Gofaizen & Sherle can assist with licensing in two major jurisdictions. DMCC Free Zone is a prestigious free zone in the UAE, offering higher corporate status and better account opening opportunities.
The licensing process requires confirmation of the director’s experience in the cryptocurrency/finance field, and the license acquisition period is 3-4 weeks. A minimum share capital requirement of AED 50,000 (EUR 12,750) must be submitted to the company account within six months of registration.
The IFZA Free Zone is a cheaper and faster way to obtain a license without depositing equity or proving previous experience in crypto and finance.
The product offers different types of licenses, including buying and selling encrypted goods, providing services based on blockchain technology, creating metaverse service providers or NFT market.
About Gofaizen & Sherle
Gofaizen & Sherle is a leading legal and business advisory firm for digital asset-oriented corporations, investment funds and financial organizations, with a focus on the EU market and expansion globally.
Its headquarters are in Tallinn with representative offices in Lithuania, Czech Republic and Poland. The range of corporate services includes company registration, business strategy development and financial licensing, including crypto business, EMI and other types of licenses.
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