Amber Premium FZE Secures Initial VARA Approval with Advisory Support from NH Management
Dubai, UAE – September 17, 2024 – Amber Premium FZE, a Dubai-based subsidiary of global digital asset leader Amber Group, has received initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Service Provider (VASP). The approval marks a key step in Amber Group’s expansion into the Middle East and was supported by NH Management in a regulatory advisory capacity.
NH Management provided Amber Group with strategic consultancy services throughout the application process, including guidance on structuring, compliance documentation, and alignment with VARA’s 2023 Rulebook requirements.
Tao Xiao, Managing Partner at NH Management, stated:
“We were pleased to provide Amber Group with advisory support in connection with their VARA application. Our focus remains on assisting innovative firms with understanding and navigating the evolving regulatory landscape in the UAE.”
Amber Group acknowledged the value of having experienced local advisors during the early stages of its licensing journey. The firm intends to offer virtual asset services such as broker-dealer activity, lending and borrowing, and investment management, subject to full licensing and final regulatory approvals.
Michael Wu, CEO of Amber Group, noted:
“Receiving initial VARA approval reflects our commitment to operating in regulated markets. We appreciate the local regulatory insights provided by NH Management, which helped us prepare a strong submission aligned with Dubai’s licensing framework.”
The VARA approval is an important milestone in Amber Group’s global compliance strategy and underscores Dubai’s position as a forward-looking jurisdiction for digital asset innovation.
About Amber Group
Amber Group is a leading digital asset platform based in Singapore. Since 2017, the firm has delivered a full suite of services across wealth management, trading, market making, and infrastructure to institutions and high-net-worth clients worldwide.
About NH Management
NH Management is a Dubai-based corporate services and regulatory advisory firm supporting clients across fintech, digital assets, and private capital. The firm specializes in regulatory licensing, market entry strategy, and compliance readiness, with deep experience in UAE free zones and onshore frameworks including VARA, DIFC, and ADGM.
