Step 1

Submit an online application

Applicant must include all documents requested by DWTC authority.

Step 2

Secure DWTC initial approval

The applicant must submit a completed Initial approval VASP Questionnaire (VARA form) and obtain a pre-approval from VARA.

Step 3

Sign the corporate documents

The applicant must sign the Memorandum and AoA with the required capital set by the DWTC authority.

Step 4

Submit Office Lease

The applicant must provide a copy of the lease agreement of a private physical office, evidencing details of the premises leased to be used as the applicant's registered office within the Free Zone.

Step 5

Obtain a Non-operational Virtual Assets License

After completing the mandatory requirements, DWTC authority will issue a Non-operational Virtual Asset License to the applicant.

Step 6

Operational license issuance

The applicant must get VASP license/exemption from VARA to conduct virtual assets activities.