Open Your Crypto Company
Crypto Currency Solutions in 2023.
What we offer
Crypto-friendly registration solutions.
We can help you to open a company with a cryptocurrency licence in the most friendly countries. A cryptocurrency business is a business that develops, issues or trades digital currencies that use cryptography to secure transactions and control the creation of new units.
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Most popular Jurisdictions:
UAE
The UAE has aimed to become a pioneer in business and industries. It also has a view on the cryptocurrency industry. With the rising curiosity in cryptocurrency investments, the trade and business in this industry are also taking place in Dubai, UAE. Following are some of the primary highlights of UAE’s cryptocurrency landscape:
UAE has recently introduced the “Blockchain Strategy 2021”, which aims to help foreign entrepreneurs pursue trade and business in this industry. Within this, the government projects 50% of its transactions to conduct them using blockchain technology.
Currently, more than 400 crypto businesses operate in the UAE. They expect this number to rise to 1000 by the year 2022, considering the fact that UAE is accelerating its efforts to boost the digital economy. Dubai also hosted its first Crypto Expo, which soared the crypto assets in the region.
El Salvador
The Salvadoran congress approved the BTC Law on June 8, 2021, which entered into force on September 7, 2021. The purpose of the BTC Law is to convert and regulate bitcoin as legal tender, unrestricted, with unlimited liberatory power in any transaction and under any title that individuals or legal entities, public or private, may need to carry out.
For the registration process, the Provider must submit a formal request including certain information of the Provider and its corporate documentation in the online portal of the Registry. The Central Reserve Bank of El Salvador will review and analyse the provided information, and if no correction is required, it will accept the request.
In order to complete the registration, the Provider must appoint a delegated person as contact with the Central Reserve Bank of El Salvador for notification purposes domiciled in El Salvador.
Portugal
Portugal, in general, can be considered an open jurisdiction and a country which creates conditions for attracting investors. The cryptocurrency segment of the jurisdiction may be of interest to foreign entrepreneurs due to its potential high profitability of the business in the short term.
The exchange of cryptocurrencies for fiat money in this jurisdiction is not particularly difficult. As of 2021, we can talk about the high liquidity of the segment.
Starting a business in this area is quite simple, even though a necessary precondition requires a fully consistent business, with the mandatory requirements of combating money laundering and the financing of terrorism. Local regulators (the Central Bank of Portugal and The Securities Market Commission) do not prohibit cryptocurrency activities, but in several warnings issued, they emphasise its high-risk nature.
Lithuania
Lithuania has created very favourable conditions for launching crypto businesses. Government, including regulatory authorities, encourage the development of fintech start-ups. The procedure for obtaining licences in Lithuania has been simplified, which positively affected the inflow of investments into the industry.
Only the nature of the crypto assets involved determines the regulatory regime. Transactions involving assets that do not provide the right to vote or profit, but are related to access to a product or service, are governed by general provisions of civil law.
The asset transactions – that provide payment instruments or voting and profit rights – are governed by securities regulations, collective investment schemes, and banking laws. All transactions, regardless of their nature, are subject to anti-money laundering regulations, implemented through general provisions of the legislation.
Cyprus
Local authorities have been improving blockchain legislation and cryptocurrency exchange for several years, attracting investors, startup owners, and changes to the jurisdiction. The Central Bank regulates the turnover of non-fiat currencies and electronic funds, and the Securities Commission (CySEC) establishes the trading rules.
Thus, the total turnover of the company – according to the applied norms coming into force in 2017 – the volume of traded cryptocurrencies should not exceed 15%. Moreover, due to increased market volatility, the instrument loan is reduced to 1:5 (20%).
Depending on their nature, crypto assets can be viewed as inventories, intangible assets, or financial instruments. In general, local regulators are willing to believe that they are more similar to financial instruments in their essence. Therefore, launching investment and FinTech projects, by default, requires a CySEC licence.
more widely accepted
Crypto Payments.
Crypto payments are becoming more widely accepted by retailers, individuals, and businesses. You can also use a crypto debit or credit card to make fiat payments with crypto you have in a linked account. Crypto payments provide a cheap, quick, and fast way to transfer funds. There’s no need to use local fiat currencies for international transfers. On the other hand, a payment gateway provides less control, may charge fees, and takes longer to set up than a standard wallet. Another option for crypto payments is using a crypto-linked credit or debit card. This way, you can make payments using cryptocurrencies even if the payee only accepts fiat.
Rise In Popularity
Crypto Projects.
Cryptocurrency projects rise in popularity and become more and more diversified. Ignoring this fact was not an option anymore for governments around the world, hence they began developing policies to regulate them. In the beginning, the UAE was among the countries that tried to neglect the new technological improvements. Nowadays, it is one of the most suitable countries in the world for cryptocurrency projects. Based on our experience, we will significantly emphasize the advantages of the Free Zone Dubai Multi Commodities Centre (the DMCC).
In order to operate a legal business with cryptocurrencies in the UAE, you need to obtain a crypto license. This license can be employed for providing crypto-related services to customers, such as storing their coins. Acquiring a license for cryptocurrency in Dubai requires filing an application to the DMCC. You should note that this license doesn’t allow the launch of an ICO or registering a crypto exchange. However, it doesn’t mean that exchanges and ICOs are illegal in the UAE.
