🇦🇪 How much does a crypto licence in ADGM (Abu Dhabi) cost?
Cost model verified: oldest component 1 day ago (verified 2026-07-07).
roughly EUR 150k to EUR 200k cash over three years
Confidence: Medium
Modelled scenario: FSRA (ADGM) Financial Services Permission to conduct Virtual Asset Regulated Activities where those activities include Operating a Multilateral Trading Facility (a virtual-asset exchange), under the framework as amended on 10 June 2025. Fees read from the FSRA FEES module (VA add-on fee schedule). Capital for a VA MTF is expenditure-based (MIR Rule 3.2 via COBS 17.3), not a fixed base-capital figure, so no single capital number can be stated.
These figures are planning estimates for a stated representative scenario, not quotes and not legal or financial advice. Regulator fees and capital minimums are sourced from official schedules; professional and substance costs are market estimates with ranges. Your numbers will differ. Verify against the cited sources and take advice before committing.
| Component | Year 1 | Year 2 | Year 3 | 3-year total | Confidence |
|---|---|---|---|---|---|
| Application | |||||
| Application fee | ADGM (Abu Dhabi) application fee is locked. Unlock with the £349 pass. | - | - | ADGM (Abu Dhabi) application fee is locked. Unlock with the £349 pass. | verified |
| Ongoing | |||||
| Supervision fee | ADGM (Abu Dhabi) supervision fee is locked. Unlock with the £349 pass. | - | - | ADGM (Abu Dhabi) supervision fee is locked. Unlock with the £349 pass. | verified |
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These are representative scenarios
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