01 / In practice
Map the activity
We describe the service, asset, customers, location and operating model before identifying the relevant regulator and permissions.
Areas of practice
VARA & FSRA licensing
Licensing readiness starts with the activity, customers and jurisdiction of the proposed business. Ruchi Bindra supports regulatory strategy, governance documentation and application preparation for relevant UAE pathways. Dubai VARA and ADGM FSRA are distinct frameworks, and local counsel is coordinated where required. Preparation does not guarantee that a regulator will grant permission.
The problem, made practical
What does this service cover?
- Regulatory perimeter and activity mapping before selecting a licensing route.
- VARA application readiness for relevant virtual asset activities in Dubai, outside DIFC.
- ADGM FSRA Financial Services Permission readiness for relevant regulated activities.
- Business plans, governance policies, responsibility allocation and supporting records.
- Coordination of application workstreams, adviser input and ongoing compliance planning.
How does the engagement work?
02 / In practice
Prepare the record
We coordinate the business plan, governance documents and supporting evidence with the advisers and operational leads responsible for them.
03 / In practice
Plan for operation
Readiness includes the controls and ongoing responsibilities that follow authorisation. Any application and approval remain subject to the regulator’s requirements.
Before we begin
What should you know before engaging counsel?
Are VARA and FSRA the same licensing route?
No. VARA regulates virtual assets within its Dubai perimeter, excluding DIFC. FSRA regulates financial services in ADGM. The relevant route depends on the activity and location.
Does a commercial licence authorise regulated financial activity?
It should not be treated as a substitute for the necessary regulatory permission. The proposed activity and applicable authorisations must be assessed.
Can an approval or timeline be guaranteed?
No. Outcomes and timing depend on the regulator, the application and the circumstances. The work is to prepare a coherent, supportable application and operating model.
Which related topics should you explore?
Official resources: VARA · ADGM FSRA application process
Let’s start a conversation
Bring the hard question early.
Tell me what you are building, where it will operate, and the decision in front of you. Please leave sensitive details for an agreed channel.