Questions & Answers
Questions & Answers
5 available 5 • View allDo crypto payments in a free zone software company require a VASP or VARA license?



1
Q: Dear Lawyers,
I have a software company in a free zone. My clients pay me in crypto, and I convert it to fiat for my company expenses.
Do I need a VASP or VARA license?




Oct 11, 2024
69
How to claim promised unpaid returns on investment with a cryptocurrency company?


2
Q: Hello Sir,
Subj: First Islamic CryptoCurrency (FICS)
An investment company called [------] based in RAK started receiving investments in FICS in the year 2019.
In March 2019 I had invested AED 50,000 (the value of one Crypto token is USD 0.10) and they offered an initial bonus of 30% for the total investments as well.
After one year of the investment, they informed me that all my total investment is shifted to [S] account.
After some time, they informed me that [S] has tied up with the [----] platform and we can start very soon the trading.
Unfortunately, no trading has been started yet, also I am unable to contact anyone in this company [A] or [S].
Kindly advise how can I get my money back, should I file a criminal case against it? Do you think this is a fraud?
Looking forward to your kind reply.
K. M.



Nov 1, 2021
454
Binance crypto trade scam: Can I recover my money?


3
Q: Dear Sir/Madam,
I made a mistake and paid someone in Binance to trade crypto for me and give me daily profits, but It turned out to be a scam.
He was asking me to pay more to get the profits, but I stopped and I asked him to return my money, but no positive answer.
Is there any chance I can get my money back through Binance or the bank?
All our communication was through Telegram.



Feb 23, 2024
170
What if a bank requests proof of old crypto transactions, but it's unavailable?

1
Q: Hello,
My bank is asking for transaction clarifications for transactions I did through Binance P2P.
Those are some crypto I saved earlier, and I don't have any proof for them as they are from meme coins and very early investments.


Jan 29, 2025
54
Are there license requirements in Dubai or the UAE for active stock or crypto traders?


0
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.



Mar 7, 2025
57
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Over the years the UAE has become a centre of trade and commerce for the Middle East, thanks to its strategic location, excellent connectivity and extensive services to assist with all aspects of business. According to the World Bank's 2016 report, the UAE has ranked 31st in the global index of ease of doing business. This encourages more entrepreneurs to set up different kinds of business entities in the country.
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Dubai’s New Virtual Assets Law Boosts UAE’s Crypto Market 4
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May 10, 2022
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Laws & Regulations
5 available 5 • View allFederal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services 2
The provisions of this Decree-Law, known as the "New E-commerce Law", govern E-commerce regulations in the United Arab Emirates. The New E-commerce Law repeals the previous UAE E-commerce Law (Federal Law No. (1) of 2006 Concerning Electronic Transactions & Commerce).
Sep 20, 2021
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Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services 1
Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services
Mar 28, 2023
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Federal Decree-Law No. (32) of 2021 on Commercial Companies 0
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).
Sep 20, 2021
162
Federal Law No. (4) of 2002 On the Incrimination of Money Laundering 1
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.
Jan 22, 2002
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Federal Decree-Law No. (34) of 2021 On Countering Rumors and Cybercrimes 0
The provisions of this Federal Decree-Law, known as the "New Cybercrimes Law", govern Cybercrimes regulations in the United Arab Emirates. The New Cybercrimes Law repeals the previous UAE Cybercrimes Law (Federal Decree-Law No. (5) of 2012 on Combating Cybercrimes).
Sep 20, 2021
346

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1543 1543 answers •
View allHow much time do I have to start paying after the verdict in the appeal court? 0
Hello,
How much time do I have to start paying after the verdict in the appeal court?
And what's the probability of freezing my account or traffic file if I’m paying?
Apr 11, 2025
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What does Cabinet Resolution No. 1 of 2022 mean with exempting supervisory roles from the provisions of the Labour Law? 0
Dear colleagues,
According to Article 15 of Cabinet Resolution No. 1 of 2022 (“Executive Regulations”), employees occupying supervisory roles are exempt from the provisions of the Labour Law and the Executive Regulations in relation to maximum working hours only if they possess powers equivalent to those of the employer.
Could you please clarify what is meant by "if they possess powers equivalent to those of the employer"?
Currently, we have heads of departments who report to the directors. Will they be eligible for overtime?
Also, those who have a POA to sign contracts will they be eligible?
Or, those who temporarily replace the CEO while he is out, will they be eligible?
Apr 10, 2025
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Can I stay home if my boss doesn’t pay my salary on time? 0
Hello,
Can I stay home if my boss doesn’t pay my salary on time?
Apr 10, 2025
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نزاع بين شركاء مفوضين بالتوقيع على المعاملات البنكية للشركة بشأن شيك وتحويل أموال 0
زوج وزوجة، الزوجة مالكة لشركة بنسبة 50% ولديها شريك أجنبي يملك بنسبة 50%. الشريك مخول بالتوقيع في كافة المعاملات البنكية للشركة والزوجة كذلك لها ذات الصلاحية.
بعدها، غاب الشريك الأجنبي عن الشركة وسافر. ومازالت الشركة نشطة والعمال لايستلمون رواتبهم والشريك قام بتحويل جميع أموال الشركة إلى حسابه الخاص دون علم الشريك الآخر.
ثم تحصلت الزوجة الشريكة على شيك، فقام الشريك الأجنبي بفتح بلاغ خيانة أمانة واستلم زوجها الشيك.
فما هو الحل القانوني من ناحية جزائية وتجارية؟
Mar 27, 2025
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What are the penalties for employing workers without a visa? 0
Hello,
Kindly let me know the statutory provisions relating to the penalty for letting employees work without a visa and the amount of penalty to be paid by the employer.
Apr 9, 2025
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View allHow does the trademark registration of a new trademark in the UAE work? 0
How does the trademark registration of a new trademark in the UAE work?
Apr 9, 2025
92
I left Dubai 19 years ago without cancelling my visa. Is there anything to do to remove the travel ban? 0
Hi,
I left Dubai 19 years ago without cancelling my visa, which was through sponsorship.
I informed them after I left the country, and also paid my debt to them. However, I think I may no longer be able to travel there.
Is there anything I can do to remove the travel ban?
Apr 4, 2025
74
If a bank has filed an execution cheques case through the Dubai Courts. Is a travel ban automatically applied? 0
A bank has filed an execution cheques case through the Dubai Courts due to nonpayment of a personal loan and credit card.
Is a travel ban automatically applied?
I looked on the Dubai Courts website, and it says the judge has issued a “reserved” order for my case.
Furthermore, when the bank emails, they threaten me with a travel ban. So I am assuming there is no travel ban issued (but I don’t know). I haven’t received any notice of a travel ban.
If there is a travel ban, how do I find out?
I have checked the Dubai police app, and there are no financial crimes against me.
Please advise if you know.
Apr 4, 2025
139
How can I enter the UAE again if I left on an outpass due to the employer fleeing the country? 0
Dear lawyer
I seek help on whether I can return to the UAE or not. I exited the UAE on an outpass due to overstaying. I have been patient for more than 7 months.
I was advised that I am able to return to the UAE. The process was successful, and I traveled to the UAE, but I was denied entry to the UAE at immigration. Why?
I was only overstaying, I hadn't been a criminal, just my boss refused to do a visa for me.
After overstaying, my employers traveled to their country. I had no idea how to resolve the issue other than to get an outpass and go back home.
Apr 3, 2025
61
An off-plan developer is requesting future cheques for payment installments. Is this normal? 0
An off-plan developer is requesting future cheques for paying installments.
Is this normal?
Mar 24, 2025
118

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80 80 answers •
View allI secured a mortgage from the bank and the broker kept delaying until the MOU expired. What to do? 0
Hi,
I need some guidance regarding a property transaction that is not progressing as expected.
My broker initiated a manual Memorandum of Understanding (MOU) between me (the Buyer) and the Seller, with an expiry date of 01/02/2025. Within this period, I successfully arranged the bank mortgage, property evaluation, and NOC.
However, the broker started giving excuses, such as the seller being hospitalized. Later, the broker attempted to arrange a Power of Attorney (POA).
However, after that, they started ignoring my messages and calls. It now seems like they no longer intend to proceed with me, and the MOU has already expired.
Meanwhile, my bank EMI has already started, and I have paid two monthly installments. The broker is still unresponsive. I have raised multiple complaints through DLD RVS against the broker, but the response has been very slow and unsatisfactory.
I’m feeling stuck and financially burdened.
Please advise
Apr 9, 2025
94
My husband and I are Canadian Muslims and he passed away in the UAE. How to open an inheritance case? 0
Hi there,
My husband and I are Muslims. My husband passed away recently.
We have a Canadian will, but I understand that it won’t be honored as I am named the sole beneficiary, and that does not align with Sharia laws in the UAE. He was not a UAE resident but had a small apartment with no Will in the UAE.
We have 3 children. I am planning to go to Dubai to start an inheritance case. I don’t know the exact order of events and what needs to be done first.
1) Do I initiate anything from overseas before making travel plans to Dubai, or do I start once I arrive in Dubai?
Mind you, we cannot afford to stay in Dubai for too long, as the kids have school.
2) Do I need a lawyer, or can this be done by myself?
3) I understand all foreign documents need to be authenticated before presenting them to the court. But I don’t know at what stage I would need these documents authenticated.
I would appreciate it if you could provide a breakdown of the steps, the forms that are needed, and where I can find them.
Thank you
Mar 27, 2025
60
The tenant refuses to give rental cheques to the agent or pay the renewal fee as per the contract. What to do? 0
The tenant refuses to give rental cheques to the agent or pay the renewal fee specified in the contract. He is forcing the landlord to directly renew the agreement without any agent in between, and the landlord is uncomfortable dealing with him directly.
The tenant submitted a renewal contract in RDC with an offer and deposit case with modified terms and conditions, and removed the addendum, which is an integral part of the existing contract.
Parallelly, he submitted an Ejari request to the landlord for approval. The landlord rejected his offer and deposit request at the RDC portal due to non-compliance with the existing contract.
Accordingly, his Ejari request was also rejected. Since then, the tenant has not approached the landlord for renewal. The landlord is willing to renew the contract without any change in the existing contract and addendum.
How can the landlord secure the renewal cheques and conclude the contract?
Can he ask the tenant to vacate the apartment?
Please advise
Mar 25, 2025
69
Bought a tenanted property, but the tenant vanished. What legal action can I take? 0
Hello,
I bought a property that was tenanted. However, the tenant absconded and claims he handed it over to the previous owner. I was never informed of this by either the tenant or the landlord.
The landlord’s failure to hand over the property has caused us significant issues. We also purchased the house for its good rental yield, and it feels like some kind of scam.
What legal actions can we pursue?
Feb 28, 2025
71
Can I file for mutual divorce from Dubai as an Indian resident and my husband works in Saudi? 0
Needed to know if I am eligible to file for mutual divorce as an Indian expat living in Dubai and holding an Indian passport and also have Canadian PR.
My husband is a Canadian citizen working in Saudi on a work visa.
What are my rights?
Can I ask for alimony?
Can I file for divorce from Dubai?
I have no children from the marriage.
Mar 21, 2025
83
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