Dubai vs Panama for a crypto company: which should you choose
Choosing between Dubai and Panama for your crypto company is a strategic decision that hinges on regulatory clarity, tax treatment, and operational costs. Dubai offers a dedicated crypto license under VARA, while Panama provides a corporate structure with zero tax on foreign income but no specific crypto framework. CRYPTO LICENSE GUIDE · 2026 Dubai vs Panama for Crypto licensing across 15+ jurisdictions CONSULTING24.CO Regulatory Framework: Dubai's VARA vs Panama's Corporate Law Dubai has established a clear regulatory environment for crypto assets through the Virtual Assets Regulatory Authority (VARA). VARA licenses cover activities such as exchange, custody, and advisory services, with tiered capital requirements ranging from AED 100,000 to AED 2 million depending on the activity. The application process can take 3 to 6 months, and firms must comply with AML/KYC obligations and maintain a physical presence in Dubai. Panama, by contrast, does not have a dedicated crypto l...