Q: I want to do crypto P2P trading on Binance. But I want to do it safely, so I want to open a company and do it. My monthly turnover will be around 4 million AED. I heard a lot that banks are freezing or closing business bank accounts because of this kind of activity. I want to know whether that is true or not.

Q: Hello, I'd like to know if there are license requirements in the case of active traders (stocks, crypto) operating as natural persons. If so, any view on sanctions/penalties for involuntary non-compliance (or how to regularize a situation proactively)? - By active trading, quite frequent in Dubai I believe, I mainly mean with a turnover above 1m AED (even without profit), strictly conducted for personal purposes (no clients/service provided), as an ongoing/daily activity, recurrent/organized, with possible use of leverage, etc… The activity is hence ‘personal active trading’, likely in a grey zone beyond ‘personal investment’ (not requiring any license). - By licenses, I mean a VARA-regulated license and/or a commercial business license (e.g. following the commercial transactions law in which speculative activities/virtual assets works can be seen as a commercial business). Thank you in advance.

س: مرحبًا سيدي، يتداول ابني في العملات المشفرة، والتداول عبر الإنترنت، وبورصة بينانس، دون أي اتصال شخصي. اشترى تاجر مخدرات العملات المشفرة واستخدم تلك الأموال في تهريب المخدرات. لذا قامت الشرطة بإلقاء القبض على ابني أيضًا والتحقيق جارٍ معه. ما هي أقصى مدة للتحقيق ومتى يتم تحويله إلى المحكمة؟ كم من الوقت سوف يستغرق الأمر؟

The new law is applicable to all entities dealing with virtual assets that are set up on the mainland as well as free zones, including special development zones. However, it does not apply to the Dubai International Financial Center (DIFC), which will have its own set of rules and regulations governing all virtual assets entities registered with the DIFC.

Blackwater International, a leading private security and investigative company, has established a reputation for handling complex and high-stakes operations. One of the most challenging areas the company has ventured into is cryptocurrency asset recovery. This case study explores a recent successful recovery operation conducted by Blackwater International, highlighting their methodology, challenges faced, and the impact of their efforts.

The goal of conducting a covert asset inquiry is to discover and recognize assets such as real estate, funds, shares, etc. that have been hidden by one individual from another. Typical situations where conducting a covert asset investigation might be necessary include divorce. Many times spouses try to conceal assets to impact property division or the amounts given in monthly alimony or child support during divorce proceedings.

قد يواجه معظم روَّاد الأعمال الذين لديهم أفكار لتأسيس شركات ناشئة بعض الصعوبات فيما يتعلق بالاختيار الأمثل للموقع والنشاط ونوع الترخيص والرسوم والضرائب وغير ذلك. فيما يلي أربعة أسباب تجعل الأجواء المزدهرة لتأسيس شركات ناشئة في الإمارات العربية المتحدة الخيار الأنسب لانطلاق أعمالك.

The provisions of this Federal Decree-Law No. (32) of 2021 on Commercial Companies governs commercial companies in the United Arab Emirates. The New Commercial Companies Code repeals the previous UAE Commercial Companies Code (Federal Law No. (2) of 2015 on Commercial Companies).

The law defines the crimes related to money laundering, commitments and the jurisdictions of the governmental authorities, and the sanctions against perpetrators of money laundering.

The provisions of this Federal Decree-Law No. 50/2022 Issuing the Commercial Transactions Law, known as the "New Commercial Code" governs commercial transactions in the United Arab Emirates. The New Commercial Code repeals the previous UAE Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law.