Month: June 2022

[vc_row][vc_column][vc_column_text] Blockchain is a great instrument for protecting data on the Internet, as it allows you to store it in cloud databases and yet provides authenticity and security. What is the best thing for the procedure «Know your client», or «KYC». This blog answers the question. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Traditional KYC Systems The identity of a person […]

[vc_row][vc_column][vc_column_text]Over a decade ago blockchain technology, or Distributed Ledger Technology (DLT), was put into the limelight by the first and most popular cryptocurrency Bitcoin where it was utilised as a public transaction ledger. Since then it’s been used to build innovative projects in healthcare, cybersecurity, entertainment, voting, payments, supply chain and other areas. By its […]

[vc_row][vc_column][vc_column_text] Tax rates applied to personal taxes on cryptocurrency in Slovakia range between 19% – 25%. They apply to specific income thresholds in a country, such as 35,022.31 euros with a lower tax rate and a higher tax rate for income levels above that amount. As a licensed cryptocurrency business in Slovakia, all crypto profits […]

[vc_row][vc_column][vc_column_text]Gibraltar is currently in the process of levelling up its crypto regulatory framework, but that shouldn’t prevent licensed crypto companies from accessing the country’s favourable tax environment where taxes aren’t levied on capital gains, sales, gifts or wealth. Even VAT isn’t part of the country’s taxation framework. Dividend withholding tax and crypto-specific tax aren’t imposed […]

[vc_row][vc_column css=”.vc_custom_1684838080252{padding-bottom: 20px !important;}”][vc_column_text]Cyprus is currently in the process of building a robust regulatory framework for cryptocurrencies, or, as defined by the Cypriot authorities, for crypto asset service providers (CASPs). However, at this stage, no crypto-specific tax is introduced. Instead, crypto companies are obligated to pay the same general taxes as other types of businesses […]

[vc_row][vc_column][vc_column_text]If you’re a newly-born crypto startup searching for a safe nest to grow your wings, the Irish taxation system is the right choice for you, thanks to its three-year exemption from the Corporation Tax which for new startups can be reduced to 0% if their Corporation Tax due is 40,000 EUR or less in a […]

[vc_row][vc_column][vc_column_text] Portugal, located in South-Western Europe, has many advantageous rules that attract foreign nationals from around the world who live, work and participate in financial activities. This status is evident in many official ratings: Portugal is considered one of the best places in the world for self-employed, expats and crypto traders. When it comes to […]