Cryptocurrency Q&A
How much is the fee for Vara license?
How much is the fee for Vara license?
KpopMelody
Sun Oct 27 2024
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5 answers
1789
I am inquiring about the cost of obtaining a Vara license. I would like to know the specific amount that needs to be paid for this license.
5 answers
SamuraiWarriorSoulful
Tue Oct 29 2024
The VARA licence fees consist of an application fee and annual supervision fees.
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Emanuele
Tue Oct 29 2024
The application fee for the VARA licence is set at 100,000 dirhams, which is approximately equivalent to 25,000 euros.
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Margherita
Tue Oct 29 2024
Payment of the application fee is required in two instalments. Half of the amount must be paid upon submission of the application.
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DondaejiDelight
Tue Oct 29 2024
The remaining 50% of the application fee is to be paid upon the issuance of the VASP licence.
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BlockchainBaronessGuard
Mon Oct 28 2024
In addition to the application fee, there is an annual supervision fee of AED 200,000.
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