PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a prominent fintech and crypto consulting firm based in Estonia, has unveiled their first crypto product. The service aims to help businesses and startups obtain crypto licenses in the United Arab Emirates (UAE), including the DMCC free zone and IFZA free zone, both located in Dubai.
The The licensing process takes approximately 12 weeks in total. This includes all documentation collection, registration, and opening an account for the corporation. Gofaizen & Sherle’s product provides an easier way to acquire a crypto license for any project.
As per Experts, the UAE is becoming an attractive option for crypto projects. The country’s swift development and favorable regulations, tax regimes, and business-friendly environment are some of the reasons why. “We believe that the crypto industry has the power to revolutionize the economy and generate new value for a secure and efficient business environment,” comments Mark Gofaizen, Senior Partner of Gofaizen & Sherle. “For this reason, we are delighted to launch our latest product in the UAE, as part of our global strategy to assist businesses in their growth around the world.”
Gofaizen & Sherle provides the opportunity to get a license in two significant jurisdictions. The DMCC-free zones are the most prestigious and trusted in the UAE, offering a better corporate status and greater chances of account opening. The licensing procedure requires confirmation of the director’s experience in the crypto currency/financial sphere. The license obtainment timeline is 3-4 weeks, while 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 quicker and more cost-effective way to get a license. No capital deposit or prior experience in crypto and finance are necessary.
The There are several kinds of product licenses available, such as the ability to sell or buy crypto commodities, provide services based on blockchain technology, create a metaverse service provider or NFT marketplace.
About Gofaizen & Sherle
Gofaizen & Sherle is a top-tier legal & business consultancy for digital assets-oriented businesses, investment funds and financial organizations operating in the European Union, yet expanding globally. Its headquarters is located in Estonia, with representative offices in Lithuania, Czech Republic, and Poland. The company’s services include company registration, business strategy development and financial licensing, including crypto-businesses, EMI, and other types.
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