Topic: SETUP your company/business in "DUBAI, UAE” - Blockchain Projects Welcome !!!!! - page 3. (Read 5912 times)

THe thread is actually about starting up businesses in Dubai. However that article talks about bitcoin in general.
But still fine to add for those considering to start bitcoin related businesses in Dubai.

Came across above posts while researching bitcoins in UAE. Here's a link to our blog with an article on the legal position of BTC bitcoins in Dubai and the UAE

Update:

Dubai has its first Crypto Currency Exchange.

Thinking of visiting Dubai Bitcoin Conference? Then let us take care of your logistics.

Please Pm for any details Regarding this.

Duke

Oh then your Spot on as electricity is not cheap at all in dubai.

Are the prices the same in the other emirates ? Maybe a subsidy for people who are mining coins ?
Not a possibility i think.

Regards

Duke

Where did you get that ?
I wrote that mining does not show that Dubai is good for Bitcoin

Mining will happen wherever electricity is cheapest.

Yes, what you are saying is correct and probably a very realistic point of view unlike mine that is very optimistic.

I think that Dubai government is going to be very accepting of bitcoin and will open its doors to the crypto currency revolution.
This is my opinion and not a fact, so dont really want to start a discussion on this point.

As per the quote "there are NO mining activities in Dubai, U.A.E then im sure you are not in the know how because there is a Huge mining setup in Dubai Internet City that i know of personally. I also know a group of programmers who have a very big setup in Silicon Oasis and one more place in AbuDhabi. The reason why i cannot disclose their location is because they would want to be anonymous.

Regards

Duke

This website is extremely biased to Bitcoin.

As stated earlier , the government has not issued any license towards Bitcoin.


This was said in the article.
They talk about e-banking , using the normal fiat system to make government payments.

The makers of the article just added that Bitcoin is a good implementation , Bitcoin has not been endorsed or allowed in any form by the government as of yet.

Bitcoin would be a great addition to Dubai for Expo 2020 , but there are no real Bitcoin businesses set up in Dubai yet and no licenses have been issued for the same.

There are small scale Bitcoin operations occuring.
I live in Dubai myself, and I know that there is a pizza shop that accepts Bicoin.
But there have been no larger companies trading or doing any Bitcoin related operations.

You said that people are mining , operating and consulting. I'm sure that all operations and consultation are done online , or if they have a proper business , they are very very small.
Mining does not directly link to the economy of the country , so mining just occurs wherever electricity is cheapest.

Hello,

I found a great article how Dubai, U.A.E is one of the most well established economies for Bitcoin Integragation in their community and infrastructure.

https://coinreport.net/uae-technology-payment-bitcoin/

Read the report and let me know your reviews.

Regards

Duke

Hello jambola,

Hope your doing good. Thankyou for your post.

Regarding the issue with business registration, yes it is not possible to register an exchange, that is why i wrote that we should discuss the plan before accepting any approvals. There are many economic free zones that give you consultancy license where you can consult people about anything. If there is a person consulting a dubai resident on what to feed their horses then how come is it a problem for a consultant to advice them about bitcoin or any other investment.
I am  a permanent resident of Dubai, U.A.E and i know of many people who are mining, operating and consulting on bitcoin related activities.

I think its fair to say that this is a grey area but with the 2020 world expo coming to dubai i think it is a great idea for people to setup their business there.
There are special freezones setup specially for the 2020 world expo and it is relevantly cheaper to setup a company there and get a foot hold in the economy.

Regards

Duke

http://www.coindesk.com/ded-officials-debunk-bitcoin-atm-speculation-dubai/

“DED has not issued any license relating to bitcoin so far,” said Ahmed Ibrahim, Director of Business Registration at the DED.

Hello,

There are already many crypto currency specifically bitcoin business setup in U.A.E. Also an ATM is present.

You do not have to have a financial license in U.A.E to start a crypto currency business.
There are simpler much cheaper and legal options present, such as Management services or consultancy service in which you can simple run your crypto currency business.
There are also options to setup online business which have a huge range of business that you can do.

I think about your previous message you were confusing me for someone.
If you would see the website you can easily google Dubai economic Development Department. I am working as a freelance agent for them as do many other people.
You can always PM me for more information.

Regards

Duke

Is there any restrictions on what business someone can set up?  Like cryptocurrency business

Sorry MsCollec

I do not understand your question ? Can you please rephrase that ?

I am not selling any service. This BTC will be paid directly to the GOVT of U.A.E from your account in your name.
I am merely a service agent and take a 2 percent fee for my service one the company is setup and your license is in your hand.

Regards

Duke

No website

As a startup offer we have a limited deal for our first 10 new customers.

Description:

Business setup in UAE free zone on 12 installments payments plan just 1.3 BTC per month and get 2 visas for 3 years
FREE OFFICE FURNITURE + ESTABLISHMENT CARD + TRADING LICENSE INCLUDED IN PRICE
Please note it does not include cost of Visa

Types of license
1)Trading license
2)Industrial license
3)Professional license
4)National industrial license

Cost sharing option/partnership is also possible.

Visa prices are determined at the time of settlement in U.A.E

Please Pm for more information. This offer is only valid for Bitcoin Talk members !!!!

S +

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