The last update on this law was listed on 16 Jun 2025
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The Cabinet:
− Having reviewed the Constitution;
− Federal Law No. (1) of 1972 Regarding the Competences of Ministries and Powers of Ministers, as amended;
− Federal Law No. (4) of 2000 Regarding the Emirates Securities and Commodities Authority and Market, as amended;
− Federal Decree by Law No. (26) of 2019 Regarding Public Finance, as amended;
− Cabinet Resolution No. (111) of 2022 Regarding the Regulation of Virtual Assets and their Service Providers; and,
− Upon the proposal of the Minister of Finance and the approval of the Cabinet,
Hereby resolves as follows:
Article (1) Service Fees
1. The Securities and Commodities Authority shall collect the fee specified opposite each service in the table below, in return for the registration service of Virtual Asset Service Providers licensed by the local licensing authority.
|
Service |
Fee (AED) |
||
|
Registration |
Annual Renewal of Registration |
Cancellation of Registration |
|
|
Registration of a Virtual Asset Service Provider licensed by the local licensing authority. |
(3000) |
(1500) |
(1000) |
2. Excluding Virtual Asset Service Providers licensed by the local licensing authority, the Securities and Commodities Authority shall collect the fees specified opposite each service in the table below, in return for the services it provides to Virtual Asset Service Providers.
|
Activity |
Fee (AED) |
|||
|
License |
License |
Annual License Renewal |
License |
|
|
Virtual Asset Platform Operator |
(10,000) |
(450,000) |
(220,000) |
(10,000) |
|
Virtual Asset Platform Operator, in the event of exercising all Virtual Asset Service Provider activities |
(10,000) |
(525,000) |
(275,000) |
(10,000) |
|
Virtual Asset Custodian |
(5,000) |
(75,000) |
(55,000) |
(1000) |
|
Virtual Asset Broker |
(5,000) |
(75,000) |
(55,000) |
(1000) |
3. The local licensing authority shall, in coordination with the Securities and Commodities Authority, issue the fees due thereto in return for providing its services to Virtual Asset Service Providers licensed thereby.
4. The fees prescribed by virtue of this Resolution shall be collected for the services provided as of the date of its entry into force. The Securities and Commodities Authority shall also be committed to collect the fees for the services provided during the period from the date of entry into force of the aforementioned Cabinet Resolution No. (111) of 2022 until the date of entry into force of this Resolution.
Article (2) Amendment of Fees
The Cabinet shall be competent to make any amendments to the fees set forth in this Resolution, whether by addition, deletion, or modification.
Article (3) Collection of Fees
The Securities and Commodities Authority shall collect the fees stipulated in this Resolution by the means determined by the Ministry of Finance.
Article (4) Publication and Entry into force
This Resolution shall be published in the Official Gazette and shall enter into force from the day following its publication date.
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