Crypto license

Since 2017, we at Regulated United Europe (RUE) have specialized in aiding the acquisition of crypto licenses for various FinTech and blockchain initiatives in Estonia. Our journey began with active participation in worldwide FinTech conferences, leading to a deep understanding and success in securing a wide range of licenses, including those for crypto, gambling, forex, PSP, and EMI, throughout Europe. Our team, enriched by extensive experience and a robust network of global partners in the financial and blockchain sectors, has achieved significant milestones. Over the past 6 years, our expertise in crypto license procurement has grown, allowing us to extend our services to multiple jurisdictions. Now, we are equipped to facilitate projects in any EU nation that supports a legal framework for decentralized finance.

We offer crypto license in different countries

Ready-made companies with Crypto license for sale

If you’re currently working on an ambitious and promising crypto project that requires almost immediate launch, the last thing you want to do is go through the time-consuming crypto company formation and licensing process. Instead of holding yourself back, consider a viable alternative that will enable you to launch a crypto project in no time. Our insightful team here at Regulated United Europe has designed a seamless process of purchasing a fully licensed ready-made crypto company in various European jurisdictions, which allows crypto entrepreneurs to start a new project in a matter of days.

Before you dive into the details, know that a ready-made crypto company is an already established, fully registered and licensed company with no history and can be acquired within a short period of time. This means that by buying a fully licensed crypto company, you’re also purchasing an appropriate cryptocurrency licence.

Purchase of a ready-made company with a crypto licence

Acquiring a ready-made crypto-licensed company is a strategic move for entrepreneurs seeking a quick entry into the cryptocurrency market. This strategy ensures bypassing the lengthy and complicated registration and licensing procedures for a new company. In 2024, Lithuania and the Czech Republic stand out as the most attractive jurisdictions for such investments due to their favourable conditions for crypto businesses, including a clear regulatory framework and supportive business environment.

Lithuania

Lithuania has attracted investors’ attention with its innovation-friendly cryptocurrency legislation and procedures. The country has offered efficient and transparent mechanisms for obtaining cryptocurrency licences, thus easing the way for cryptocurrency companies. Buying a ready-made company with an already obtained crypto licence in Lithuania allows entrepreneurs to reduce the time to launch operations and focus on developing their business. Lithuania offers competitive tax rates and is open to international investment, making it one of the most attractive jurisdictions for cryptocurrency operations in 2024.

Czech Republic

The Czech Republic occupies a special place among European countries due to its positive attitude towards cryptocurrencies and blockchain technologies. The country offers a simplified process of business registration and obtaining the necessary licences for cryptocurrency activities. In addition, the Czech Republic is renowned for its stable economy and high level of investment protection. Buying a ready-made company with a cryptocurrency licence in the Czech Republic gives entrepreneurs an advantage due to quick access to the market and the possibility to use the developed infrastructure for their business.

Benefits and recommendations

The choice between Lithuania and the Czech Republic to purchase a crypto-licensed company should be based on a careful analysis of business objectives and preferences regarding the regulatory environment. Both countries offer unique advantages:

  • Lithuania stands out for its speed in processing licences and innovation-friendly policies, making it an ideal choice for companies looking for a quick start.
  • The Czech Republic provides a stable and safe environment for the long-term development of crypto-businesses with a focus on integration into the European economy.

Ultimately, investors should also consider tax policies, business scalability and availability of professional services in the chosen jurisdiction. Lithuania and the Czech Republic offer favourable conditions for cryptocurrency companies, making them leading destinations for acquiring a ready-made crypto-licensed company in 2024.

registered companies with Crypto license

Ready-made company with acquired crypto licence

Crypto Licence With the growing demand for cryptocurrency services, buying a ready-made company with a cryptocurrency licence is an effective way to enter the market quickly. Lithuania and the Czech Republic stand out as preferred jurisdictions for such transactions due to their favourable regulatory climate, transparent procedures and strategic location in Europe. In this article, we will look at the key aspects of acquiring a ready-made cryptocurrency licence company in these countries, including the benefits, the step-by-step re-registration process, the requirements for new founders and timelines.

Advantages of buying in Lithuania and the Czech Republic

  1. Quick Start: Acquiring a crypto-licensed company allows you to start operating immediately, bypassing the lengthy licensing process.
  2. Optimisation of regulatory procedures: Both countries offer a clear and understandable regulatory environment for crypto businesses, which reduces risk and uncertainty.
  3. Economic benefit: Buying an existing company may be a more cost-effective solution than new licensing, especially given potential operational relationships and established processes.

Step-by-step process of re-registration

  1. Detailed Audit: An in-depth audit of the company, including legal cleanliness, financial health and licence status, should be carried out prior to purchase.
  2. Purchase Agreement: After a successful audit and agreement on the price, the transaction should be formalised through the signing of a purchase agreement.
  3. Re-registration and notification: Includes changes to the articles of incorporation, owner and director details, and notification to regulatory and tax authorities.
  4. Integration and launch: The final stage includes the integration of management processes, operational optimisation and the official launch of the business.

Requirements for new founders

New owners must meet the regulatory requirements of Lithuania and the Czech Republic, which typically include criminal record checks, confirmation of sources of capital and proof of professional experience in finance.

Timing

The process of re-registering a company in Lithuania and the Czech Republic can take from several weeks to several months, depending on the specific circumstances of the transaction and the efficiency of co-operation with the regulatory authorities.

Conclusion

Lithuania and the Czech Republic represent ideal jurisdictions to acquire a ready-made crypto-licensed company due to their favourable business climate and strategic position in Europe. This approach provides quick access to the cryptocurrency market while minimising regulatory and administrative complexities. It is important to carefully select and purchase a company, ensuring due diligence and compliance with all legal procedures to ensure the success and sustainability of your future cryptocurrency business.

How to Purchase a Ready-Made Crypto Company

If your crypto project requires you to act with urgency, we’re prepared to assist you in re-registering a ready-made company with a full crypto licence within a few days. As mentioned earlier, the process is often fully remote and will allow you to start your crypto project within a week.

To initiate the acquisition process of a ready-made crypto company, you’ll have to provide us with the following documents:

  • A copy of your passport
  • A certificate of no criminal record of the new owner of the company
  • A detailed description of your crypto project.

It’s worth noting that some national authorities require business owners to submit documents in the local language, which means you may require the services of a certified translator.

If buying a ready-made crypto company with a full cryptocurrency licence sounds like an option to you, or if you’re not sure which legislative framework suits your unique crypto project best, contact us now to schedule a personalised consultation where our experienced lawyers will share actionable insights to help you take the next step forward.

We’ll be delighted to provide you with tailored, value-added support in re-registering an off-the-shelf crypto company in your chosen jurisdiction, including the preparation, translation, certification and submission of required documents. From the very start of the process, you’ll be backed with expertise in the swiftly evolving AML legislation, crypto licensing, corporate reporting and tax advice.

Crypto regulation overview

To make it easier for our clients our company has prepared an overview table with the information regarding the fees for virtual currency licence acquisition in different European jurisdictions. This table helps our clients to calculate exact time and expenses for the company formation and licence application. Please get in touch with our company and our specialist will be able to explain in detail the regulations of a chosen jurisdiction.

Lithuania Czech Poland Estonia Switzerland Malta
Period for consideration up to 1 month up to 1 month up to 2 months up to 6 months from 8 months up to 9 months
State fee for application No 250 € 133 € 10,000 € from 1,750 € 24,000 €
Required share capital 125,000 € from 0,04 € 1,077 € from 100,000 € from 300,000 € up to 730,000 €
Corporate income tax 5 – 15% 19% 15% 0% 11% – 24% 35%
Annual fee for supervision No No No No No from 3,500 €
Local staff member Required No No No No At least 3
Physical office Required No No No No Required
Accounting audit Required No No No No Required

Why Should You Consider Buying a Crypto Licence?

The decision to buy a ready-made crypto exchange or another type of licence can bring several benefits. The most evident one is time-saving, meaning that such a company can enable you to launch your crypto project in no time compared to a crypto company established and licensed from scratch. This way you can move as fast as the dynamic crypto industry itself instead of going through the time-consuming and costly processes of dealing with national institutions responsible for crypto business formation and authorisation.

Other undeniable benefits of buying a ready-made crypto exchange licence:

  • Your company will instantly become EU-registered which will allow you to avail of passporting opportunities and generally operate from within a stable and prestigious European jurisdiction
  • You might also save heaps of money as buying a ready-made crypto exchange licence means that you don’t have to pay steep application fees
  • With such a licence you’ll become an owner of the company which already has legally required AML/CFT compliance operating procedures in place
  • A ready-made crypto company can offer an impression of corporate longevity which may be an important aspect to some investors

How to Choose the Right Crypto Jurisdiction

While numerous European jurisdictions are actively developing strict and stable regulatory frameworks for cryptocurrencies, others are just beginning this journey. Each approach presents its own set of benefits and challenges, which is why it’s crucial to align your objectives and thoroughly research before selecting a jurisdiction for your crypto project, especially considering the importance of a crypto license.

A key factor to consider is the maturity of the regulatory framework. Jurisdictions with well-developed crypto regulations, such as Switzerland, Malta, Estonia, and Gibraltar, offer more stability and enhance the credibility of a crypto company. However, they often entail rigorous application processes, high periodic supervision fees, and substantial initial authorized capital requirements for obtaining a crypto license.

In contrast, some countries are in the earlier stages of developing their regulatory frameworks, translating into somewhat more lenient requirements for a crypto license application. These nations typically feature lower application and supervision fees, and more manageable initial capital requirements. However, it’s important to be aware of potential legislative changes. Lithuania, for instance, is currently one of the most favorable jurisdictions, having recently introduced new regulations for crypto companies, suggesting fewer imminent changes.

Jurisdictions without a specific crypto regulatory framework usually do not require a dedicated crypto license. In these cases, crypto companies often undergo a simpler general authorization process, usually with lower registration fees and basic initial capital requirements. The downside is the potential for significant legislative changes as these countries might be working on comprehensive regulations for cryptocurrency companies, which could disrupt established crypto businesses. Poland, the Czech Republic, and Slovakia are examples of such jurisdictions, suitable for those prioritizing cost-saving and willing to adapt their crypto company to evolving regulations.

After determining the desired level of regulatory maturity, it’s advisable to explore specific jurisdictions where the sale of a cryptocurrency license is legal and available. Our team at Regulated United Europe recommends considering three EU countries: Lithuania, Poland, and the Czech Republic, for their favorable conditions in the context of a crypto license.

Launch a crypto project in 2024

The cryptocurrency sector continues to be at the forefront of innovation, offering entrepreneurs unique opportunities for development and growth. In 2024, choosing the right jurisdiction to launch a cryptocurrency project plays a crucial role in its success. In this context, Lithuania and the Czech Republic stand out as two European countries offering favourable conditions for crypto business development. In this article, we will discuss why these countries are attractive for crypto entrepreneurs and what advantages they offer.

Lithuania is a leader in the cryptocurrency industry: more than 550 licensed companies

Lithuania has established itself in recent years as one of the most progressive European countries in the field of blockchain technology and cryptocurrencies. The country’s government actively supports the fintech industry by offering the following advantages for crypto projects:

  1. Simplified regulation: Lithuania has developed a clear and transparent regulatory environment for cryptocurrencies and blockchain projects, facilitating the registration and licensing process.
  2. Support for innovation: The country offers many programmes to support startups, including tax breaks, grants and funding.
  3. Access to talent: Lithuania has highly qualified IT and fintech specialists, which is an important resource for crypto project development.

Czech Republic: blockchain-friendly ecosystem with the most loyal requirements for crypto companies

The Czech Republic is also leading among European countries attractive for cryptocurrency investments. The country offers a unique combination of favourable taxation, innovative culture and an active crypto community:

  1. Flexible taxation: The Czech Republic offers one of the most loyal tax systems in Europe for cryptocurrency projects, including low tax rates for investors and entrepreneurs.
  2. Technology community: The country has developed a strong community of cryptocurrency experts and enthusiasts, which facilitates knowledge sharing and co-operation.
  3. Innovation ecosystem: The Czech Republic actively supports technological innovation and startups by providing access to incubators, accelerators and venture capital funding.

Steps to launch the project in Lithuania and the Czech Republic

Launching a crypto project in Lithuania or the Czech Republic requires several key steps:

  1. Market Research: Understanding the local market, its needs and regulatory environment.
  2. Company registration: Selecting the appropriate legal form and registering the business in accordance with local laws.
  3. Compliance and Licensing: Ensuring compliance with applicable regulations, including antitrust and data protection.
  4. Infrastructure Development: Build the project’s technical and operational infrastructure to meet high security standards.

Conclusion

Lithuania and the Czech Republic offer favourable conditions for launching and developing cryptocurrency projects in 2024 due to their progressive regulation, support for innovation and active tech communities. Choosing these countries as a platform for your crypto project can provide a strategic advantage on your path to success in the international arena.

Crypto license in Lithuania

Lithuania is widely recognized for its business-friendly environment, including a favorable taxation system. This extends notably to crypto businesses, making it one of the most attractive European jurisdictions for such enterprises. The country’s encouraging stance towards innovative projects is evident in its evolving regulatory framework and governmental support, which is particularly beneficial for companies seeking a crypto license.

 

You can purchase a company with the following crypto licences, granted by the Bank of Lithuania (LB):

  • Cryptocurrency exchange licence which will suit your needs if you’re working on a crypto project that entails exchanging cryptocurrencies for fiat money or cryptocurrencies for other cryptocurrencies
  • A Crypto wallet licence will help you launch a crypto project in no time if it’s related to storing clients’ cryptocurrencies, including the generation and storage of encrypted client-owned keys

Key advantages of a Lithuanian crypto licence:

  • No periodic supervision fees means more money left for the growth of your company
  • Relatively low Corporate Income Tax (5–15%) will enable you to invest even more back into your company
  • Lithuania is ranked among countries offering the world’s fastest and most reliable internet connection which will allow your crypto business to thrive in a secure and productive environment
  • Many public and private services are available online which will allow you to carry out business administration and operations remotely
  • You may certainly benefit from such support as a regulatory sandbox LBChain which facilitates the testing of blockchain-based business solutions in a controlled environment by supplying regulatory and technological infrastructure
  • Lithuania has a pool of multilingual, driven and highly skilled talents who would be instrumental in growing your crypto company

However, it’s crucial to be aware of the key requirements for operating a crypto business in Lithuania. There are two primary location-related stipulations. Firstly, crypto companies must conduct their essential operations within the EU and cater their core services to clients located in EU territories. Secondly, they are required to appoint a senior manager who is a permanent resident of Lithuania.

Regarding the regulatory framework’s progression, the Lithianian authorities have recently introduced several important crypto-related amendments to their Law on the Prevention of Money Laundering and Terrorist Financing (AML/CFT). This development is a positive sign for crypto businesses, indicating a stable environment where they can plan for long-term growth and operate without the immediate concern of needing to adapt to sudden changes in the business landscape, especially in terms of compliance with crypto license regulations.

Crypto license in Poland

In the world of business, it’s often observed that a larger population correlates with increased bureaucratic challenges. This situation can be particularly taxing for visionary crypto entrepreneurs who prioritize swift action and efficient administrative processes. Poland, still in the nascent stages of developing a comprehensive crypto regulatory framework, has not yet fully aligned its mandatory business formation processes with the fast-paced nature of the crypto industry, which can pose challenges for those seeking a crypto license.

Despite this, the Polish business environment is fundamentally robust and progressively embracing innovation. The national authorities are actively working to refine their legislation to foster and support groundbreaking projects. As a result, while crypto companies in Poland currently operate within the general regulatory framework, they should be prepared for the imminent establishment of a more stringent and specific crypto regulatory framework. This anticipated shift signifies an important consideration for crypto businesses planning their long-term strategy in Poland, particularly in terms of compliance and adaptation to future crypto license requirements.

Key advantages of having a crypto company in Poland:

  • A physical office isn’t required which means you can be flexible in designing your company’s operations
  • No requirement to employ local staff which also gives you more flexibility when it comes to company operations
  • No periodic supervision fees will save you money that can be invested back into the business
  • Very low initial authorised capital (5,000 PLN, or approx. 1,077 EUR) will enable you to start your project much faster
  • The Corporate Income Tax is among the lowest ones in Europe – only 15% – and if your company’s revenue doesn’t exceed 9,4 mill. PLN (approx. 2 mill. EUR) in the previous fiscal year, the company will only be subject to 9%
  • Company audit is only mandatory if a crypto company meets at least two of the following conditions: annual net revenue exceeds 23,4 mill. PLN (approx. 5 mill. EUR), annual turnover exceeds 11,7 mill. PLN (approx. 2,5 mill. EUR), and/or annual employment is at least 50 full-time employees.

If you’ve already got your eyes on Poland but are fearing demanding procedures of opening and licensing a new crypto company, our team here at Regulated United Europe is well-prepared to help you to buy a ready-made crypto company that can start operating in Poland within a week. We’ve developed a completely remote process of purchasing an off-the-shelf Polish company with a cryptocurrency licence, which means you won’t even have to visit the country to become an owner of a fully operational Polish business.

Crypto license in The Czech Republic

Operating a company in a jurisdiction with a liberal stance towards cryptocurrencies typically means fewer stringent financial and operational requirements from local authorities. For those interested in acquiring a ready-made company with a crypto license, or a general authorization, in a jurisdiction with a more relaxed regulatory environment, the Czech Republic stands out with its exceptionally liberal legislation in the cryptocurrency sector.

While the Czech Republic is yet to establish a comprehensive crypto regulatory framework, this current scenario offers several significant benefits for running a crypto business. The general regulatory framework in place allows for greater flexibility and freedom in managing crypto-related operations. This can be particularly advantageous for businesses seeking to navigate the crypto industry with fewer regulatory constraints, making it an appealing option for entrepreneurs and investors looking for a more accommodating environment for their crypto license needs.

Since there’s no Czech licence tailored for cryptocurrency business, by purchasing a ready-made crypto company you’ll also get a regular trade licence from the Trade Licensing Register that will enable you to open branch offices and operate within the EU just like any other EU crypto licence. A trade licence is a must for those businesses that are involved in trading with crypto derivatives, managing assets of investors’ funds that contain cryptocurrencies, or transferring funds in relation to the arrangement of trades with cryptocurrencies.

Key reasons for buying a ready-made crypto company in the Czech Republic:

  • Minimal requirements for the initial share capital (from 1 CZK or approx. 0,04 EUR) will give you maximum freedom to launch your project without having to go through the trouble of raising big funds
  • No burden of annual supervision fees will allow you to direct your funds to the growth of your business
  • No requirements to register a physical office in the Czech Republic and hire local staff will allow you to come up with the operating model that works best for your unique crypto project
  • Audit exemption applies to companies that meet at least two of the following criteria: turnover is less than 80 mill. CZK (approx. 3 mill. EUR), total assets don’t exceed 40 mill. CZK (approx. 1,6 mill. EUR), and the average number of permanent employees is less than 50
  • Crypto companies can avail of general tax allowances, such as the R&D tax allowance, where up to 100% of qualifying R&D expenses incurred during the tax year are deducted from the tax base as a tax allowance

Overall, remember that the three countries – Lithuania, Poland and the Czech Republic – are members of the EU and therefore are obligated to reflect the EU’s anti-money laundering and counter-terrorist financing (AML/CFT) directives and other crypto-related laws in their national legislation regardless of the level of advancement in national crypto regulations. For this reason, every country has a dedicated authority that supervises crypto companies for AML/CFT purposes. If you’re keen to delve deep into the AML/CFT legislation, don’t hesitate to contact our friendly and experienced team, who’ll be delighted to assist you.

Buying a crypto company

In 2024, Lithuania and the Czech Republic stand out as the best jurisdictions in Europe to acquire a ready-made cryptocurrency company, offering unique advantages for investors and entrepreneurs seeking an efficient entry into the crypto industry. These countries are attractive due to their openness to blockchain technology, flexible regulatory environment and attractive economic conditions. Let’s take a closer look at why exactly Lithuania and the Czech Republic are the optimal choice for buying a ready-made cryptocurrency company, as well as what requirements apply to such transactions in each country.

Lithuania

Lithuania has been actively developing its cryptocurrency sector in recent years, offering one of the friendliest regulatory environments in Europe. Buying a ready-made cryptocurrency company in Lithuania allows you to take advantage of a number of advantages:

  • Transparent regulatory environment: Lithuania offers clear and understandable requirements for cryptocurrency transactions, including an easy process for obtaining the necessary licences.
  • Economic attractiveness: Low tax rates and access to the European market make Lithuania attractive for cryptocurrency startups and established companies.
  • Support for innovation: The Lithuanian government actively supports blockchain initiatives and the digital economy, creating a favourable environment for the growth and development of cryptocurrency projects.

Czech Republic

The Czech Republic represents another attractive jurisdiction to acquire a ready-made cryptocurrency company due to its openness to innovation and stable economy:

  • Flexible regulation: The Czech Republic offers a favourable regulatory environment for cryptocurrency companies without imposing unnecessary restrictions on their activities.
  • Strategic location: The Czech Republic’s location in the centre of Europe provides easy access to European markets and consumers.
  • Support for technological development: The Czech Republic is known for its high level of technological development and innovation ecosystem, which creates favourable conditions for the development of cryptocurrency projects.

Important aspects of the acquisition

When considering the purchase of a ready-made cryptocurrency company in Lithuania or the Czech Republic, it is important to consider the following aspects:

  • Due diligence: All legal aspects of the company should be thoroughly checked, including licences, tax history and any potential liabilities.
  • Market Potential Analysis: It is important to assess the market potential of the cryptocurrency company and its products, as well as its development strategy in the context of the current market situation.
  • Compliance with regulatory requirements: You need to ensure that the company complies with all local regulatory requirements, including AML/KYC regulations.

Conclusion

Lithuania and the Czech Republic offer favourable conditions for acquiring a ready-made cryptocurrency company due to their support for innovation, flexible regulation and economic attractiveness. Investors and entrepreneurs looking to maximise their entry into the crypto industry should consider these countries as priority destinations for their investments.

How to issue your own token in Europe in 2024

In 2024, Lithuania and the Czech Republic stand out as the leading European jurisdictions for issuing their own tokens, thanks to their innovative regulatory environment and support for blockchain technology. These countries offer unique advantages for companies looking to utilise digital assets to fund their projects, expand their customer base or increase their brand credibility. Let’s take a look at what makes Lithuania and the Czech Republic attractive for issuing tokens and what requirements are imposed on issuers in these countries.

Lithuania

Lithuania offers one of the most welcoming regulatory environments in Europe for blockchain projects, including token issuance. The country has developed clear guidelines for cryptocurrencies and related activities, offering issuers clarity and confidence in the legality of their operations.

Requirements for the issuer:

  • Company registration: It is necessary to register a company in Lithuania to issue tokens.
  • Regulatory compliance: Issuers must comply with local regulations regarding AML/KYC and provide full project information to ensure transparency.
  • Financial reporting: Companies are required to keep accurate records and submit reports in accordance with Lithuanian law.

Czech Republic

The Czech Republic attracts companies looking to issue tokens with its favourable business environment and progressive approach to blockchain technology. While the country does not have specific regulation related to blockchain and cryptocurrencies, it offers a stable legal system and supports innovation in the financial sector.

Requirements for the issuer:

  • Legal clarity: Companies need to ensure that their activities comply with general Czech legal regulations, including consumer and investor protection.
  • AML/KYC procedures: Issuers are required to implement anti-money laundering and customer identity verification procedures, even in the absence of strict crypto-specific requirements.
  • Openness and transparency: It is important to ensure a high level of transparency in the project, including a clear description of the use of the funds raised and the purpose of the token issue.

Conclusion

Lithuania and the Czech Republic offer unique opportunities for companies interested in issuing their own tokens in 2024. Relatively simple and straightforward regulatory requirements, combined with an openness to innovation, make these countries attractive to blockchain entrepreneurs. It is important to thoroughly research local legislation and ensure that all aspects of the project are compliant to ensure its success and sustainability.

Getting crypto exchange licence

In 2024, Lithuania and the Czech Republic stand out from other European countries as the most preferred jurisdictions for obtaining a cryptocurrency licence due to their supportive and transparent regulatory environment. These countries attract the attention of cryptocurrency companies with their openness to innovation and favourable conditions for business development. Let’s take a closer look at why Lithuania and the Czech Republic have become leaders in this area and what requirements they impose on issuers of cryptocurrency licences.

Lithuania

Lithuania has been actively developing its cryptocurrency regulatory framework in recent years, attracting the attention of blockchain entrepreneurs from around the world. The country offers an efficient and relatively simple licensing process for cryptocurrency companies, making it one of the most accessible European jurisdictions for entering the crypto industry.

Requirements for the issuer in Lithuania:

  • The company must be registered in Lithuania.
  • AML/KYC procedures must be implemented in accordance with local legislation to prevent money laundering and terrorist financing.
  • Providing a clear business plan and privacy policy to ensure transparency in the company’s operations.

Lithuania is also attracted by its low tax rates and progressive approach to blockchain technology, offering cryptocurrency companies a stable and supportive environment for growth.

Czech Republic

The Czech Republic, although it does not have specialised regulation for cryptocurrencies, is notable for its favourable and open business environment. The country attracts cryptocurrency companies with its liberal economic policy, high level of investment protection and transparent legal system.

Requirements for the issuer in the Czech Republic:

  • Registration of activities in accordance with Czech law.
  • Compliance with general business rules, including tax obligations and AML/KYC compliance.
  • Ensuring transparency of operations and consumer protection.

While the Czech Republic may offer a broader approach to cryptocurrency regulation, it creates favourable conditions for innovative projects, giving companies the opportunity to develop in a stable and supportive environment.

Conclusion

The choice between Lithuania and the Czech Republic for obtaining a cryptocurrency licence depends on a company’s specific needs and strategy. Lithuania offers a more structured and transparent process for obtaining a licence, making it an ideal choice for companies seeking clarity and quick access to the crypto market. On the other hand, the Czech Republic is an attractive jurisdiction for those who value flexibility and a favourable economic environment. Both countries offer unique advantages, emphasising their commitment to supporting innovation and the development of blockchain technology in Europe.

Apply licence for crypto exchange

Obtaining a cryptocurrency exchange licence remains an important task for entrepreneurs wishing to operate legally in the digital currencies industry. The process of applying for a licence requires a thorough understanding of the regulatory requirements, as well as attention to detail when preparing the necessary documentation. In this article, we will look at the step-by-step process of obtaining a cryptocurrency exchange licence, outline the requirements for founders, the timeframe for establishing such a company and focus on Lithuania and the Czech Republic as the most preferred countries for this type of activity.

Step 1: Selecting a jurisdiction and reviewing requirements

Lithuania and the Czech Republic attract entrepreneurs with their friendly attitudes towards cryptocurrencies and blockchain, as well as transparent and achievable requirements for obtaining licences. You should research the regulatory environment of both countries to determine which one better suits your business goals and requirements.

Step 2: Preparing documentation

Both countries will require a set of documents, including a business plan, AML and KYC policies, information on the financial status and founders of the company. Lithuania and the Czech Republic may have their own specific documentation requirements, so it is important to thoroughly research local laws and regulations.

Step 3: Compliance with regulatory requirements

As in other countries, Lithuania and the Czech Republic place great emphasis on AML and KYC compliance. You will need to prove that your company is able to effectively prevent money laundering and terrorist financing through its cryptocurrency transactions.

Step 4: Submission of the application and payment of fees

Once all the necessary documents have been prepared and verified, an application for a licence should be submitted to the relevant regulatory authority in Lithuania or the Czech Republic. This step also involves certain government and licence fees, the amounts of which should be clarified in advance.

Step 5: Obtaining a licence

After submitting the application, there is a waiting period during which the information provided is analysed. If the process is successfully completed, your company will receive a licence to carry out cryptocurrency exchange activities.

Requirements for founders

  • Experience and Qualifications: Proof of financial experience and knowledge of cryptocurrencies is required.
  • Reputation: No criminal record and positive business reputation.
  • Financial Condition: Sufficient capital to support operations and meet regulatory requirements.

Timing of company incorporation

Depending on the complexity of documentation preparation and the efficiency of interaction with regulatory authorities, the process of establishing a company and obtaining a licence may take from several months to a year.

Conclusion

Lithuania and the Czech Republic offer attractive conditions for setting up a cryptocurrency exchange company due to their relatively simple and straightforward regulatory process. It is important to carefully prepare the necessary documentation and strictly follow the requirements of the regulators to ensure successful licensing.

Registering a company and getting a crypto licence in Europe

Registering a company and obtaining a cryptocurrency licence are becoming key steps for entrepreneurs seeking to enter the world of digital assets and blockchain technology. The registration and licensing process can vary significantly from jurisdiction to jurisdiction, but there are general principles and requirements to consider when launching a cryptocurrency business. In this article, we will look at the key aspects involved in registering a company and obtaining a crypto licence using business language.

Requirements for founders

Founders of a cryptocurrency company must meet a number of requirements that may include criminal record checks, financial stability and professional experience in financial technology or blockchain. Transparency of funding sources is an important aspect, as well as having a clean business record.

Amount of authorised capital

The minimum authorised capital for a cryptocurrency company varies from country to country. For example, some jurisdictions may require authorised capital of between €1,000 and €730,000 to register a company providing cryptocurrency exchange or wallet services. These funds can be used to ensure the company’s operational activities and as a guarantee of its financial stability.

Process of registration and obtaining a licence

  1. Company registration: The first step is to register a legal entity in the chosen jurisdiction, which includes preparing and submitting the incorporation documents, choosing a company name and registering a registered office.
  2. Preparing for licensing: Depending on the type of cryptocurrency activity, a company may require different licences, such as a cryptocurrency exchange licence, ICO licence, custodial services licence, etc. It is necessary to carefully study the regulatory requirements and prepare an appropriate package of documents.
  3. AML/KYC compliance: Companies must develop and implement anti-money laundering and customer identification policies and procedures, which is a prerequisite for obtaining and maintaining a licence.
  4. Applying for a licence: Once the necessary documents have been prepared, the licence application is submitted to the relevant regulatory authority, which will screen and assess the application.

Tax regulation and reporting

Cryptocurrency companies are subject to tax regulation in the country of incorporation. Consideration should be given to the requirements for taxation of profits, VAT (if applicable), and mandatory accounting and reporting.

Conclusion

Registering a cryptocurrency company and obtaining the relevant licence requires careful planning and a thorough understanding of the regulatory requirements in the chosen jurisdiction. Founders should approach the process with due diligence, paying attention to the details of share capital, regulatory obligations and tax regulations. It is also important to consult with cryptocurrency legal and financial experts to ensure the successful incorporation and operation of the company.

Crypto Licensed company

A company with a cryptocurrency licence in a European country opens up a wide range of opportunities to provide services in the field of digital assets and blockchain technologies. Depending on the specific jurisdiction and the type of licence obtained, the company may offer a variety of services, from cryptocurrency exchange to custodial services and blockchain asset management. In this article, we will look at the potential services a cryptocurrency-licensed company in Europe can provide, as well as the basic requirements for its founders, the size of the share capital and other important aspects.

Services provided by a crypto-licensed company

  1. Cryptocurrency Exchange: Providing platforms for exchanging cryptocurrencies to fiat money and vice versa, as well as between different cryptocurrencies.
  2. Custodial Services: Custody of cryptocurrency assets on behalf of clients with a high level of security.
  3. Payment Services: Cryptocurrency payment processing for online and offline merchants, allowing them to accept payment in a variety of digital currencies.
  4. Blockchain Asset Management: Offering cryptocurrency portfolio management services, including advisory and strategic planning.
  5. ICO/STO: Assist in organising and executing an initial coin offering (ICO) or tokenised securities offering (STO), including legal support and marketing.
  6. Advisory Services: Providing expertise and advice on blockchain, cryptocurrencies and regulatory requirements.

Requirements for founders

Founders of a crypto-licensed company must meet a number of criteria, including:

  • Clean business record: No criminal record and no negative information in your financial history.
  • Professional experience: Having knowledge and experience in financial technology, blockchain or cryptocurrencies.
  • Transparency of funding sources: A clear understanding of the origin of the funds used to finance the company.

Amount of authorised capital

The minimum amount of authorised capital for a cryptocurrency company depends on the jurisdiction and can range from a few thousand to a few hundred thousand euros. This capital demonstrates the financial strength of the company and its ability to cover operating costs and potential risks.

Additional requirements and regulations

  • AML/KYC Compliance: Development and implementation of AML and customer identification policies.
  • Tax planning: Understanding and compliance with tax obligations in the jurisdiction of incorporation.
  • Regular reporting: Submission of financial and operational reports to the relevant regulatory authorities.

Conclusion

A company with a crypto licence in a European country can offer a wide range of services in the field of digital assets, opening up new opportunities for development and innovation. It is important to carefully examine the requirements and conditions for registration and licensing in the chosen jurisdiction to ensure the successful and legal conduct of business. Given the rapid development of the cryptocurrency market and blockchain technologies, adapting to changes and meeting regulatory requirements will be key to long-term business success and sustainability.

Buy an existing Crypto Licence

Acquiring a valid cryptocurrency licence in a European country is a strategic step for companies wishing to quickly enter the digital asset and blockchain markets. This process involves re-licensing the company to a new owner and requires careful compliance with regulatory requirements. In this article, let’s look at how the reissuance of a crypto licence takes place, what documents are required from the seller and the buyer, and what key aspects need to be taken into account.

Stages of acquiring a crypto licence

  1. Preliminary analysis and selection: The first step is to select a suitable company with a valid cryptocurrency licence to acquire. A thorough analysis of the company’s legal status, financial condition, market reputation and licence conditions is required.
  2. Purchase agreement: Once the target company is selected, a negotiation process follows in which the parties agree on the terms of the transaction, including the purchase price and transfer terms.
  3. Preparation and submission of documents: The reissuance of a crypto licence requires the preparation and submission of a set of documents from both the seller and the buyer.

Documents from the seller

  • Legal documents of the company: Constituent documents, certificate of incorporation, documents on appointment of directors and owners.
  • Financial statements: Accounting statements for the last years, auditor’s reports.
  • Cryptocurrency licence documentation: Copy of cryptocurrency licence, documents confirming compliance with regulatory requirements, activity reports.

Documents from the buyer

  • Data on the legal entity: Registration documents of the future owner, including information on beneficial owners.
  • Compliance Plan: A detailed plan of action to ensure the company’s compliance with the regulator’s requirements after a change of ownership.
  • Evidence of financial strength: Documents that prove the financial strength and ability of the new owner to maintain the company’s operations.

Re-registration process

  1. Obtaining regulatory approval: Most jurisdictions require prior approval from the relevant regulatory authority to transfer a cryptocurrency licence to a new holder.
  2. Formal notification of change of ownership: Once approved by the regulator, formal notification of the change of ownership of the company should be made to all stakeholders, including customers, partners and regulators.
  3. Integration and Adaptation: It is important for the new owner to integrate the company into its business, adapt operational processes and continue to operate in compliance with regulatory requirements.

Conclusion

Acquiring a valid cryptocurrency licence in a European country requires careful analysis of the target company, thorough preparation of documentation and compliance with regulatory procedures. Successful completion of the transaction provides the buyer with quick access to the cryptocurrency services market with an established operating business and a valid licence. It is important to conduct comprehensive legal and financial due diligence and ensure that the company’s future operations meet all regulatory requirements to ensure its long-term success and sustainability.

New company with crypto licence

Setting up a new crypto-licensed company in Europe is a strategic step for entrepreneurs and investors wishing to make their mark in the dynamic world of digital assets and blockchain technology. The process involves several key steps, from company incorporation to obtaining the appropriate licence for cryptocurrency activities. In this article, we will detail the step-by-step process of setting up a company with a crypto licence in Europe, the requirements for founders, the timeline for setting up a company and obtaining a licence, using business language.

Step 1: Planning

The first step in setting up a cryptocurrency licence company is careful planning. This includes determining the business model, target market and jurisdiction to incorporate the company, taking into account regulatory requirements and tax policies. Consultations with legal and financial experts in the field of cryptocurrencies are recommended at this stage.

Step 2: Selection of jurisdiction

Choosing the right jurisdiction is a key success factor. You need to consider the stringency of regulatory requirements, tax laws, cost and timeframe for obtaining a licence. Popular jurisdictions in Europe include Estonia, Malta, Lithuania and Switzerland due to their favourable regulatory environment for crypto-business.

Step 3: Company Registration

The next step is to register the company in the chosen jurisdiction. This process may involve filing articles of incorporation, selecting a registered office and appointing directors. Requirements for founders may include providing proof of identity, address and possibly proof of financial stability.

Step 4: Applying for a licence

Once a company is registered, it should apply for a crypto licence. It is necessary to thoroughly familiarise yourself with the regulator’s requirements, which may include a detailed description of the business model, AML/KYC policy, information on beneficial owners and security systems. It is important to prepare a complete and accurate package of documents to expedite the review process.

Step 5: Compliance with AML/KYC requirements

Companies engaged in cryptocurrency activities are required to comply with anti-money laundering (AML) and customer identification procedures (KYC). This includes developing internal policies and procedures to verify and monitor transactions.

Step 6: Obtaining a licence and launching operations

Once the licence application has been approved, the company can start carrying out cryptocurrency activities. It is important to continue to comply with regulatory requirements and maintain a high level of security of operations.

Timing

The timeframe for establishing a company and obtaining a cryptocurrency licence varies from jurisdiction to jurisdiction. Company registration can take from a few days to a few weeks, while the process of obtaining a licence can take from 1 to 6 months.

Advantages

Establishing a crypto-licensed company in Europe provides access to a developed and regulated market for digital assets, increases the trust of customers and partners, and opens up new opportunities for scaling the business.

Conclusion

Setting up a new cryptocurrency licence company in Europe requires careful planning, attention to detail and strict compliance with regulatory requirements. If all stages are successfully completed, entrepreneurs have a unique opportunity to enter the fast-growing cryptocurrency market by offering innovative services and solutions.

How to start company to sell cryptocurrency for FIAT

Establishing a company specialising in the sale of cryptocurrency for fiat money in Europe represents a profitable business model in light of the growing interest in digital assets. Lithuania and the Czech Republic stand out as attractive jurisdictions for such endeavours due to their favourable regulatory environment and openness to cryptocurrency innovation. In this article, we present a step-by-step guide to setting up a crypto-licensed company in these countries using business language.

Choice of Jurisdiction: Lithuania and Czech Republic

The choice between Lithuania and the Czech Republic depends on specific business goals and regulatory preferences. Both countries offer simplified registration and licensing procedures, making them attractive to cryptocurrency companies.

Step 1: Preparatory Phase

Before starting the registration process, it is necessary to carefully plan the business model, identify the target market and develop a regulatory compliance strategy. Consultation with local legal and financial experts can help avoid potential obstacles.

Step 2: Company Registration

To incorporate a company in Lithuania or the Czech Republic, you will need to submit the relevant documents to the local registration authorities, choose a registered office and appoint directors. Lithuania offers a transparent registration procedure and favourable tax conditions, while the Czech Republic is attractive due to its stability and strategic location in Europe.

Step 3: Obtaining a Licence

In order to carry out operations with cryptocurrencies, a company needs to obtain an appropriate licence. In Lithuania, this may be a licence to provide virtual currency services, while in the Czech Republic, regulatory requirements may differ and require a tailored approach. Applying for a licence includes demonstrating compliance with AML/KYC policies and providing a detailed business model.

Step 4: Compliance with Regulatory Requirements

The company should develop and implement internal procedures to comply with anti-money laundering (AML) and customer identification (KYC) requirements. This includes establishing customer verification processes and transaction monitoring.

Step 5: Start-up and Operation

Once a licence has been obtained and preparatory procedures have been completed, the company can begin operations. It is important to maintain high standards of safety and compliance to ensure customer confidence and long-term success in the market.

Deadlines and Requirements

The timeframe for establishing a company and obtaining a licence can vary. In Lithuania, the process can take from a few weeks to a few months, while in the Czech Republic additional time is required to comply with local regulatory standards.

Advantages

Companies registered in Lithuania or the Czech Republic gain access to the single European market, have the opportunity to operate in jurisdictions with developed financial infrastructure and a favourable tax regime. In addition, having a crypto licence increases customer confidence and contributes to the formation of a positive reputation of the company.

Conclusion

Starting a company specialising in the sale of cryptocurrencies for fiat money in Lithuania or the Czech Republic requires careful planning, registration and licensing. Compliance with all regulatory requirements and maintaining high operational standards are key to running a successful cryptocurrency business in Europe.

Create a coin in Europe in 2024

Creating a cryptocurrency coin in Europe in 2024 is a complex process that requires careful planning, regulatory compliance and transparency for investors. This process includes not only the technical development of the token itself, but also the creation of a legal structure to manage the project, as well as the development of a strategy to provide guarantees to buyers. In this article, we present a detailed guide to creating a cryptocurrency coin in Europe using business language.

Step 1: Conceptualisation

The first step is to develop a clear concept for a cryptocurrency coin, including defining its purpose, target audience, and advantages over existing alternatives. It is also important to determine whether your token will be utilitarian (used within a particular ecosystem) or value-based (of investment interest).

Step 2: Selecting a Blockchain Platform

Choosing the right blockchain platform to issue your coin is a key decision that will affect the functionality, security and scalability of your project. Popular platforms include Ethereum, Binance Smart Chain and Solana, each with its own features and development requirements.

Step 3: Establishment of the Legal Structure

Creating a legal structure for your project includes registering a company and obtaining the necessary licences to operate with cryptocurrency in the chosen European jurisdiction. Requirements for founders may include AML/KYC compliance checks, proof of financial strength and provision of a business plan for the project.

Step 4: Develop Token and Smart Contracts

At this stage, the development team creates the token itself and the corresponding smart contracts that will control its functions. It is important to thoroughly test all elements before launching them to ensure their security and correct operation.

Step 5: ICO/IEO/IDO

To raise funding, a project may conduct an initial coin offering (ICO), initial exchange offering (IEO) or initial decentralised offering (IDO). It is important to develop a transparent and honest marketing plan that clearly describes the terms of the offering and potential risks for investors.

Guarantees for Buyers

Providing assurances to buyers is an important aspect of building trust and attracting investment. This may include:

  • Project transparency: Full openness of information about the project, the development team and the use of funds raised.
  • Protection mechanisms: Introduction of investment protection mechanisms such as escrow accounts or smart contracts for the escrow of funds.
  • Audit and Security: Independent audit of smart contracts and security systems to confirm their reliability.

Timeline of the Institution

The timeline for establishing a company and launching a cryptocurrency coin can vary depending on the jurisdiction and complexity of the project, but typically takes a few months to a year.

Conclusion

Creating a cryptocurrency coin in Europe in 2024 requires a comprehensive approach, including legal preparation, technical development and marketing. Choosing the right jurisdiction, such as Lithuania or the Czech Republic, can provide the project with significant advantages, including a favourable regulatory environment and access to the European market. It is important to focus on creating a quality product, meeting regulatory requirements and ensuring transparency for investors.

Obtain a crypto exchange licence

Cryptocurrencies have been gaining popularity in recent years, attracting the attention not only of investors and traders, but also of regulators. Europe, with its developed financial infrastructure and favourable regulatory environment, is becoming one of the preferred regions for the establishment of crypto exchanges. However, the process of obtaining a licence can be complex and multistep. In this article, we take a detailed look at how you can obtain a crypto exchange licence in Europe, highlighting the key steps, requirements for founders and recommended countries to register your business.

Step 1: Choosing a jurisdiction

The first step is to choose the country in which you want to obtain a licence. Consider factors such as regulatory clarity, tax incentives, and the overall favourable business environment for cryptocurrencies. Countries like Estonia, Malta, and Liechtenstein offer a well-developed regulatory framework for crypto exchanges and can be a good choice.

Step 2: Preparation of documentation

Once a country has been selected, a set of documents must be prepared, including a business plan, AML (anti-money laundering) policy, KYC (customer identification procedure), and evidence of the financial strength and professional suitability of the company’s founders and key persons.

Step 3: Registering a legal entity

To apply for a licence, it is necessary to have a registered legal entity in the chosen country. This process includes choosing a company name, registering with the commercial register and opening a corporate bank account.

Step 4: Applying for a licence

The next step is to apply for a licence from the regulatory authority of the chosen country. It is important to carefully review all requirements and ensure that your application meets all regulatory requirements.

Step 5: Passing the inspection

Once an application is submitted, the regulator will conduct a detailed review of your company, including a financial stability audit, verification of compliance with AML/KYC policies, and an assessment of the qualifications of the founders and key personnel.

Step 6: Obtain a licence and start operations

Once you have successfully passed all the checks and your application has been approved, you will receive a licence and can start operating your crypto exchange.

Requirements for founders

The founders and key persons must have an impeccable reputation, relevant education and experience in finance, and no criminal record related to financial crime. Proof of sufficient capital to cover initial operating expenses may also be required.

Timing

The process of obtaining a licence can take from several months to a year, depending on the country and the complexity of the documentation.

Conclusion

The choice of country to obtain a crypto exchange licence in Europe depends on a variety of factors, including the regulatory environment, tax policy and general business friendliness. Estonia, Malta, and Liechtenstein are among the most favoured jurisdictions due to their progressive approach to cryptocurrency regulation. However, it is important to conduct a thorough analysis and possibly consult with legal experts in this area to ensure your business is compliant with all requirements and regulations.

Virtual currency licence in Europe

Virtual currency licensing in Europe in 2024 remains a key consideration for entrepreneurs seeking to operate cryptocurrency activities in compliance with local laws and regulatory requirements. The regulatory environment in the EU continues to adapt to the rapidly changing landscape of digital currencies in an effort to ensure investor protection, market transparency and the prevention of financial crime. In this article, we look at key aspects of the process of obtaining a virtual currency licence in Europe in 2024, including the step-by-step process, founder requirements, the timeframe for establishing a company and the countries where obtaining such a licence is most feasible.

Step-by-step process for obtaining a licence

Step 1: Exploring the regulatory environment

Before starting the licensing process, the regulatory environment and licensing requirements for virtual currencies in the chosen country should be carefully considered. Attention should be paid to regulatory documents such as the EU Markets in Cryptoassets Regulation (MiCA), which may impose common requirements at the EU level.

Step 2: Preparation of documentation

A set of documents must be prepared, including a business plan, AML/KYC policies, details of the founding team and proof of sufficient start-up capital. The documentation should clearly demonstrate the company’s ability to meet regulatory requirements and ensure safe operations.

Step 3: Applying for a licence

Once the necessary documentation has been prepared, an application for a licence should be submitted to the competent regulatory authority of the chosen country. Depending on the jurisdiction, this process may include preliminary consultations and submission of documents through specialised electronic platforms.

Step 4: Application process

Once the application is submitted, the regulatory review process begins, which may include requests for additional information, clarifications or adjustments to documentation. This stage requires a willingness to interact promptly with the regulator.

Requirements for the founder

  • Reputation: Positive business and personal reputation, no criminal record and no financial irregularities.
  • Capital: A sufficient level of start-up capital, the amount of which is determined by jurisdiction and licence type.
  • Transparency: Full transparency of the business model and operations, and readiness to comply with regulatory requirements, including anti-money laundering (AML) and customer identification (KYC) measures.

Timing of company incorporation

The timeframe for establishing a company and obtaining a virtual currency licence can vary considerably depending on the country chosen and the efficiency of the preparation and submission of documentation. In general, the process can take anywhere from a few months to more than a year.

Countries to obtain a licence

  • Estonia: One of the first countries in the EU to actively develop a regulatory environment for cryptocurrency companies, offering clear and transparent licensing requirements.
  • Malta: Known as the “blockchain island”, Malta offers a well-developed regulatory framework for cryptocurrency and blockchain activities.
  • Lithuania: The country provides a relatively fast and efficient licensing process for cryptocurrency companies, focusing on innovation and technological development.

Conclusion

In 2024, the process of obtaining a virtual currency licence in Europe requires founders not only to meet strict regulatory requirements, but also to have a thorough understanding of the specifics of the cryptocurrency market in the chosen jurisdiction. Successfully obtaining a licence opens up access to the European market, providing opportunities to develop a digital currency business legally.

Cryptocurrency broker licence in Europe

In 2024, obtaining a cryptocurrency broker licence in Europe continues to attract the attention of entrepreneurs looking to capitalise on the opportunities presented by the fast-growing digital currency market. The regulatory environment in Europe requires brokerage firms to meet strict standards aimed at ensuring transparency, protecting investors and preventing financial crime. Lithuania and the Czech Republic stand out as attractive jurisdictions for establishing cryptocurrency brokerages due to their innovative approach to regulation and support for fintech businesses. In this article, we look at the key aspects of obtaining a cryptocurrency broker licence in these countries, including the process, requirements for founders and the timeframe for establishing a company.

Process for obtaining a licence

Step 1: Preliminary research

The first step is an in-depth study of the regulatory requirements of Lithuania and the Czech Republic for cryptocurrency brokers. It is important to consider recent legislative changes and specific licensing requirements, including capital requirements, AML/KYC policies and operational procedures.

Step 2: Developing the business model and documentation

Developing a detailed business plan and a set of documents to demonstrate regulatory compliance is a critical step. This includes a description of the business model, risk management policies, and AML and KYC procedures.

Step 3: Applying for a licence

The application for a licence is submitted to the competent regulatory authority together with the required package of documents. In Lithuania this authority is the Bank of Lithuania, in the Czech Republic it is the Czech National Bank or another regulator responsible for supervision of financial markets.

Step 4: Passing the inspection and obtaining a licence

The application is followed by a verification process, during which the regulator assesses the company’s compliance with the established requirements. In case of successful completion of the inspection, the company receives a licence to carry out brokerage activities with cryptocurrencies.

Requirements for founders

  • Business reputation: Founders and key management personnel should have an impeccable business reputation and no criminal record.
  • Financial strength: Evidence of sufficient initial capital to cover all operational risks and liabilities.
  • Financial experience: Having experience and knowledge of financial markets, including cryptocurrencies, is essential.

Timing of company incorporation

The timeframe for establishing a cryptocurrency brokerage company and obtaining a licence can vary depending on many factors, including the speed of preparation and submission of documentation, as well as the time it takes for the regulator to verify the application. On average, the process can take between 3 and 6 months.

The best countries to set up such a company

Lithuania

Lithuania offers an efficient and transparent licensing system for cryptocurrency brokers, supported by active state support for fintech innovation. Due to its relatively low capital requirements and clear regulatory framework, Lithuania is one of the most attractive jurisdictions for starting such a business in Europe.

Czech Republic

The Czech Republic attracts entrepreneurs due to its stable economic and political climate, as well as its progressive approach to regulating the fintech industry. Obtaining a cryptocurrency broker licence in the Czech Republic requires compliance with high operational standards and transparency, but also provides access to Europe’s developed financial market.

Conclusion

Obtaining a cryptocurrency broker licence in Europe in 2024 requires careful planning, attention to detail and strict compliance with regulatory requirements. Lithuania and the Czech Republic are attractive jurisdictions for establishing such companies due to their innovative approach to fintech regulation and supportive business climate. Successfully obtaining a licence opens up a wide range of opportunities to operate in the European cryptocurrency market.

Crypto custody licence

In the era of digitalisation of financial assets, the role of cryptocurrency storage is becoming increasingly important. Cryptocurrency storage, is a service to ensure the security of digital assets. With the growing interest in cryptocurrencies from institutional and private investors, the issue of licensing these services is coming to the fore, emphasising their importance in the modern financial ecosystem.

Need for licensing

Licensing of cryptocurrency custodial services is a key element in ensuring trust and protecting the interests of digital asset owners. Regulators in different jurisdictions are developing regulatory frameworks to govern custodians in an effort to prevent fraud, asset theft and other forms of cybercrime. A licence confirms that a company meets certain standards of security, privacy and financial stability.

Benefits of licensing for business

For custody service providers, obtaining a licence not only strengthens their legal right to operate in a particular jurisdiction, but also serves as a powerful marketing tool. Licensing increases client confidence, provides access to a broader client base, including institutional investors, and facilitates partnerships with financial institutions.

Process for obtaining a licence

The process of obtaining a cryptocurrency custody licence involves applying to the regulator, providing documentation to demonstrate that the company meets the requirements and undergoing a compliance review. These requirements may include having comprehensive security systems in place, audits, anti-money laundering (AML) and counter-terrorist financing (CFT) policies, and a qualified team of professionals.

Conclusion

Licensing of cryptocustodial services is becoming an integral aspect of dealing with digital assets, providing a high level of trust and security in the dynamic cryptocurrency sphere. The process of obtaining a licence requires significant effort and resources, but the benefits it provides make the investment worthwhile. In the era of digital innovation, regulation and licensing are key factors in ensuring the sustainable and secure development of the cryptocurrency market.

Offshore crypto licence

In a world where digital assets are playing an increasingly prominent role in the global economy, offshore licences for cryptocurrency operations represent a key tool for companies seeking to maximise their opportunities and optimise their tax burden. Offshore licensing allows cryptocurrency businesses to operate in jurisdictions with more loyal regulation, lower tax rates and simplified registration procedures.

Attractiveness of offshore jurisdictions

Offshore jurisdictions such as the Cayman Islands, British Virgin Islands and Bermed offer a number of advantages for cryptocurrency companies. Not only do they provide lower tax rates, but they also offer a modern regulatory environment specifically tailored for digital asset innovation. Such jurisdictions are actively developing legal frameworks that facilitate the development of the cryptocurrency industry while providing the necessary level of investor protection.

Main aspects of obtaining an offshore licence

The process of obtaining an offshore cryptocurrency licence can vary depending on the chosen jurisdiction. However, there are general requirements such as proof of capital, development of internal anti-money laundering (AML) and counter-terrorist financing (CFT) procedures, and demonstration of an experienced team and robust technology infrastructure. In addition, applicants must provide a detailed business plan including a description of the services offered, target market and risk management strategies.

Benefits of an offshore licence for a business

Obtaining an offshore licence provides cryptocurrency companies with significant advantages, including access to international markets, tax optimisation opportunities and a simplified regulatory environment. It also strengthens the trust of customers and partners, as the licence serves as proof of the reliability and legitimacy of the company’s operations. Moreover, an offshore licence allows companies to avoid the complexities associated with stricter regulation in some countries, making it easier to conduct global business.

Conclusion

Offshore cryptocurrency licences offer unique opportunities for digital asset companies. Choosing the right jurisdiction and successfully navigating the licensing process requires careful planning and an understanding of the local regulatory landscape. However, the benefits that an offshore licence offers make the effort worthwhile, paving the way for international growth and success in the rapidly evolving world of cryptocurrencies.

VASP crypto licence

With the rapid development of the cryptocurrency market and its increasing attractiveness to both private and institutional investors, the issue of regulation has become particularly relevant. Virtual Asset Service Providers (VASPs) play a key role in the digital asset ecosystem, providing a wide range of services, from exchange transactions to storage and asset management. In this context, VASP licensing acts not only as a compliance tool, but also as a means to increase trust and protect users.

Importance of VASP licensing

A licence for virtual asset service providers confirms a company’s compliance with established regulatory standards and requirements, thereby ensuring transparency and security for all market participants. It is a key element in the risk management strategy for VASPs to demonstrate their reliability and accountability to customers, partners and regulators.

Process for obtaining a licence

Obtaining a VASP licence involves a set of measures aimed at verifying a company’s compliance with international anti-money laundering (AML) and counter-terrorist financing (CFT) standards, as well as establishing effective risk management and data protection systems. Applicants need to provide a detailed business plan, evidence of adequate financial resources, a description of internal procedures and policies, and details of management and key personnel.

Benefits of licensing for VASP

For virtual asset service providers, licensing opens up new horizons of opportunity. It not only enhances their reputation and builds customer trust, but also facilitates closer integration with the traditional financial system, allowing them to participate in international payment systems and co-operate with banks and other financial institutions. In addition, licensing can serve as a defence against regulatory fines and sanctions, providing a more stable and predictable business environment.

Challenges and prospects

Obtaining a VASP licence is a complex and multi-step process that requires significant effort and resources. However, given the growing integration of cryptocurrencies into the global economy, as well as the increasing regulatory focus on the sector, licensing becomes a necessary step to ensure the long-term success and sustainability of digital asset businesses.

Conclusion

Licensing for virtual asset service providers is a critical aspect of managing a cryptocurrency business, ensuring its compliance with international standards and regulatory requirements. This not only promotes a secure and transparent operating environment, but also opens up new opportunities for development and growth. In the era of digital innovation, VASP licensing becomes the key to success and reliability for all participants in the cryptocurrency ecosystem.

Crypto secures licence

In the world of financial innovation, cryptocurrency securities represent a promising trend that combines traditional investment instruments with the capabilities of blockchain technology. Licensing in this area is becoming a critical factor in enabling companies to legally issue, sell and process cryptocurrency securities. This article examines key aspects of cryptocurrency securities licensing, highlighting its importance in fostering innovation and ensuring investor protection.

The importance of licensing cryptocurrency securities

A cryptocurrency securities licence certifies a company’s right to conduct transactions with digital assets that are classified as securities. Such licensing ensures compliance with regulatory requirements set by regulators aimed at protecting investors and preventing financial crime. For companies, this means that they can expand their activities in the digital asset market, attracting investors through increased transparency and reliability.

Process for obtaining a licence

Obtaining a licence for cryptocurrency securities requires a company to detail its business model, including mechanisms to ensure compliance with regulatory requirements such as disclosure rules, anti-money laundering (AML) and control of terrorist financing (CFT) policies. The company also needs to demonstrate that it has adequate infrastructure and technology solutions to securely store and process securities on blockchain.

Advantages of licensing

Obtaining a licence for cryptocurrency securities provides companies with a number of advantages. Firstly, it allows them to attract a wide range of investors, including institutional investors, who can only invest in licensed financial instruments. Secondly, licensing helps to build trust and reputation of the company in the market. Finally, it provides legal protection for the company’s activities, minimising the risks of legal claims and sanctions from regulators.

Challenges and prospects

Obtaining a licence for cryptocurrency securities is a complex and resource-intensive process that requires companies to have a thorough understanding of the regulatory landscape and a willingness to comply with stringent requirements. However, in the context of the ever-expanding use of blockchain technology in the financial sector, licensing opens up new opportunities for innovation and development of the cryptocurrency securities market.

Conclusion

Licensing of cryptocurrency securities plays an important role in legitimising and integrating digital assets into the traditional financial system. It not only promotes innovation and market expansion, but also protects investors by increasing confidence in new investment instruments. In the future, we can expect further development of the regulatory framework for cryptocurrency securities, which will contribute to the growth and diversification of the digital asset market.

Crypto licence for crowdfunding

Cryptocurrency crowdfunding licences are an important legal tool to ensure the legitimate operation of platforms operating at the intersection of financial technology and fundraising from the general public. Over the last decade, cryptocurrencies and blockchain technologies have fundamentally changed the way projects are funded, providing new opportunities for startups and investors. However, regulation in this area remains complex and volatile, making the issue of obtaining appropriate licences particularly relevant.

What is a cryptocurrency licence for crowdfunding?

A cryptocurrency crowdfunding licence is an official permit issued by regulators that allows companies to use cryptocurrencies and blockchain technology to raise funds from investors. This includes ICOs (Initial Coin Offering), STOs (Security Token Offering) and other forms of crowdfunding campaigns.

Why do you need a licence?

  1. Legitimacy: The licence confirms the legality of the platform’s operations in the crowdfunding market, increasing the trust of investors and users.
  2. Investor protection: Regulation aims to protect investors’ rights, minimise fraud risks and ensure transparency of transactions.
  3. Access to banking and payment systems: Having a licence facilitates cooperation with banks and payment systems, which is critical for crowdfunding platforms.

How to get a cryptocurrency licence for crowdfunding?

The process of obtaining a licence depends on the jurisdiction in which it is planned to operate. In general terms, it includes the following steps:

  1. Choice of jurisdiction: It is important to choose a country with favourable legislation and clear criteria for cryptocurrency crowdfunding.
  2. Documentation preparation: Collect and prepare all necessary documents including business plan, KYC (Know Your Customer) and AML (Anti-Money Laundering) policies.
  3. Submission of the application: Formalisation and submission of the application to the relevant regulatory authority together with all the documentation prepared and payment of fees.
  4. Passing an inspection: The regulatory authority conducts an inspection of the company’s activities to ensure compliance with legal requirements.
  5. Obtaining a licence: Once the company has successfully passed all inspections, it is granted a licence and can start operating.

Features in different countries

The legal environment for cryptocurrency crowdfunding varies greatly from country to country. For example, Lithuania and the Czech Republic offer favourable conditions and clear regulation for the crypto industry, while other countries, such as the US, have stricter requirements for registration and crowdfunding campaigns.

Conclusion

Obtaining a cryptocurrency crowdfunding licence is a complex but important process for companies looking to use the latest technology to raise investment. A clear understanding of the requirements and careful preparation for the licensing process can make the journey much easier and ensure the successful development of the project in the fast-paced world of cryptocurrencies and blockchain.

Milana
“Did you know that ready-made solutions allow you to start your business in a matter of days? Following my extensive experience in this sphere, I would be glad to advise you on the most suitable solution, write to me today.”

Milana Scherbakova

LICENSING SERVICES MANAGER

phone1+370 661 75988
email2 [email protected]

FREQUENTLY ASKED QUESTIONS

A ready-made crypto company is an established, fully registered, and licensed company with no history, allowing for immediate acquisition and operation.

Buying a ready-made crypto company offers several benefits, including:

  • Time-Saving. Acquiring a ready-made crypto company allows for a quick launch, avoiding the time-consuming process of establishing and licensing a crypto company from scratch.
  • EU Registration. A company becomes instantly EU-registered, providing an instant passporting opportunities and the ability to operate from a stable and prestigious European jurisdiction.
  • Cost Savings. Acquiring a ready-made crypto company is a way to avoid steep application fees that are often associated with establishing a new crypto company.
  • AML/CFT Compliance. A ready-made crypto company typically comes with legally required Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) compliance procedures in place.
  • Corporate Longevity. Owning a ready-made company can create an impression of corporate longevity, which may appeal to investors.
  • Operational Freedom. Acquiring a ready-made crypto company allows designing business operations according to unique project requirements.

Ultimately, buying a ready-made crypto company can streamline the entry into the crypto industry, save time and costs, set a business up for success in the competitive crypto market.

Well-developed crypto regulations offer stability and trustworthiness but come with strict processes, fees, and capital requirements. Less mature jurisdictions have more relaxed requirements but might experience legislative changes.

Lithuania, Poland, and the Czech Republic are recommended due to their relatively favorable regulatory environments and ample opportunities for crypto businesses.

To initiate the acquisition process of a ready-made crypto company, typically the following documents are required:

  • Copy of a passport for identity verification.
  • Some authorities may request a certificate demonstrating that the new owner of the company has no criminal record.
  • Detailed description of the crypto project: a comprehensive description outlining its goals, operations, and compliance measures. This document helps the authorities understand the nature of the business.

The absence of a crypto-specific regulatory framework bring in instability and unpredictable legislative changes, potentially affecting already established crypto businesses.

Regulatory compliance ensures that the purchased company adheres to legal standards, preventing potential legal issues in the future.

Corporate tax implications depend on the jurisdiction and the company's revenue, with varying rates and allowances in different countries.

Some of the main advantages include the absence of periodic supervision fees, low Corporate Income Tax, fast internet connection, regulatory sandbox support, and access to skilled talents.

Some of the main advantages include the absence of a requirement for a physical office, minimal local staff obligations, the absence of supervision fees, low initial capital requirements, and a low Corporate Income Tax rate of 15%.

Some of the main advantages include minimal requirements for initial share capital, the absence of annual supervision fees and a physical office, and tax allowances (R&D, for example).

RUE customer support team

Milana
Milana

“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”

Sheyla

“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”

Sheyla
Diana
Diana

“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”

Polina

“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”

Polina

CONTACT US

At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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