Issuing crypto licensing becomes easier with Gofaizen and Sherle’s services
- Gofaizen and Sherle for helping crypto license reformation easily
- The product was launched by Gofaizen and Sherle to commemorate the growing businesses in this fast-paced and evolving world.
Gofaizen & Sherle is a legal and business advisory firm for digital asset-focused businesses, investment funds and commercial organizations focusing on European markets while expanding globally.
The headquarters are in Tallinn with the other offices in Lithuania, Poland and the Czech Republic. It offers service scope functions company registration, business plan development and financial licensing, including crypto businesses, EMI and other types of licenses.
By European market (EU) we mean the EUROPEAN SINGLE MARKET originally known as the common market has its origins in the former European Economic Community established by the Treaty of Rome in 1957.
The ease of licensing
As the news is out for the UAE, Gofaizen and Sherle have launched their product for the UAE that makes crypto licensing easier. The licensing procedure is 12 weeks which includes the necessary document collection followed by registration and finally opening a business account. Gofaizen & Sherle does not complicate the procedure for licensing, instead they make it easy for those who sign up.
Gofaizen and Sherle assist in two key jurisdictions with IFZA and DMCC free licensing. IFZA free is a much simpler registration option to get a license in crypto, as it does not involve deposits, share capital or previous experience in the crypto market, while DMCC free is an upgraded version of procedures to get a license for crypto.
It requires practical assurance of the director’s experience in the financial ecosystem, and the license acquisition limit is around 3-4 weeks. The minimum share capital requirement is AED 50,000 (€12,750), which must be sent to the company account within six months of registration.
The permitted businesses will consist of database management, proprietary investments in crypto assets, crypto consulting and data mining, but cannot issue an ICO or register a crypto exchange unless it is registered by an appropriate authority.
DMCC (Dubai Multi Commodity Centre) and IFZA (International Free Zone Authority) are on the same ground with different requirements. You can find out the license on three different grounds.
For DMCC, the “complete” infrastructure setup together with KYC providers and accounting services results in EUR 42,000. Under ‘Fully operational’, the setup costs EUR 33,0000 for a regulatory start-up and for ‘Basic’ it costs EUR 14,000 for registration under minimum regulations.
For IFZA, the ‘complete’ infrastructure setup together with KYC providers and accounting services results in EUR 33,000. Under ‘Fully operational’, the set-up costs EUR 23,140 for a regulation-based start-up and for ‘Basic’ it costs EUR 9,050 for registration under minimum regulations.
It is a great opportunity in Dubai for anyone to get a crypto license as it paves the way for new investors for many profitable business opportunities in the futuristic commercial sector and the world ahead.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
