Apart from the low tax rates aside from the low taxes, the UAE provides tax exemptions in a variety of ways for projects using cryptocurrency. The tax on cryptocurrency is zero percent on salaries and trading. In addition there is a tax exemption for trading and salaries. The UAE additionally has a lower Value added Tax (VAT) rate of five percent.
Cryptocurrency Business License in Dubai
The first step is that you need to decide on the type of business you want to incorporate. In Dubai the crypto business licence is required however, you may also have local sponsors. In Dubai cryptocurrency trading companies are controlled in the same manner as other financial companies. You must adhere to all laws and adhere to AML guidelines to avoid any financial crime or penalty. In addition, you have to keep a record of your accounts regularly for auditing.
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