Gofaizen & Sherle launch a crypto product for the UAE market

Gofaizen & Sherle, a leading fintech and crypto consultancy based in Estonia, has recently launched its first crypto product for the United Arab Emirates (UAE).

The product is designed to help businesses and startup owners obtain crypto licenses in two key zones in the UAE – the DMCC Free Zone and the IFZA Free Zone, both located in Dubai.

The licensing procedure takes up to 12 weeks and includes the collection of all necessary documents, registration and the opening of a business 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 fast becoming one of the most attractive jurisdictions for crypto projects. With its rapid 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 efficient 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 important jurisdictions. The DMCC free zone is the most prestigious and recognized free zone in the UAE, offering a higher corporate status and better chances of opening an account.

The licensing procedure requires confirmation of the director’s experience in the cryptocurrency/financial sphere, and the license acquisition deadline is 3-4 weeks. The minimum share capital requirement of AED 50,000 (€12,750) must be sent to the business account within six months of registration.

The IFZA free zone is a cheaper and faster way to get the license, without the need to deposit equity capital or prove previous experience in crypto and finance.

The product offers various types of licenses, including buying or selling cryptocurrencies, offering services based on blockchain as technology, creating a metaverse service provider or an NFT marketplace.

About Gofaizen & Sherle

Gofaizen & Sherle is a leading legal and business consultancy firm for digital asset oriented businesses, investment funds and financial organizations focusing on EU markets as they expand globally.

The head office is in Tallinn with representative offices in Lithuania, the Czech Republic and Poland. The scope of company services includes company registration, business strategy development and financial licensing, including crypto companies, EMI and other types of licenses.