A process of creating of crypto-exchanges requires the right choice of jurisdiction. Business development will depend on the location of your cryptocurrency exchange. This article discusses the most popular jurisdictions with an excellent reputation.
Estonia
The main advantages of this country, as a jurisdiction for creating a crypto exchange, include the following:
- Short terms of registration of the organization for the crypto business and for obtaining a license to operate;
- Relatively inexpensive license price for creating a crypto exchange;
- Loyal legislation of Estonia, which simplifies the process of registration and further activities of the exchange;
- Favorable attitude of the country`s financial regulatory system to the activities of the crypto exchange;
- The citizenship of the EU countries for the establishment of an exchange on the territory of Estonia is not a mandatory requirement;
- Income tax and various types of VAT do not apply to cryptocurrency businesses.
In order to register your crypto exchange in Estonia and start operating in the future, you need to have the following licenses: to provide wallet services for exchange,saving and also transfering of virtual currency to fiat funds.
Malta
The main advantages for creating cryptocurrency exchanges on the territory of this republic include:
- Legislative acts that regulate the creation and operation of virtual currency exchanges, duplicated in English;
- The state acts as the guarantor of the protection of companies and their users;
- Malta`s stability in policy and financial matters;
- The leniency of the Maltese financial regulator;
- An international reputation for success and authority in the field of crypto exchange activities;
- A fairly low interest rate on income tax, which is only 5%
Switzerland
The country has created the most favorable conditions for cryptocurrency activities and also for business development through the creation of a crypto exchange and business promotion.
As a jurisdiction for registering a crypto exchange, Switzerland is a technically equipped and experienced state with a sufficient number of qualified specialists.
The following advantages of this jurisdiction are noted:
- Loyalty of the country’s authorities and legislation regarding the creation of crypto-exchanges throughout the state;
- A simplified algorithm for creating a bank account for a crypto exchange registered in Switzerland;
- Switzerland`s economic and political stability relative to other EU countries;
- The financial regulator protects foreign investors on its territory;
- Optimal tax system;
The specialists of Eternity Law International will help you choose the best option, taking into account not only your wishes, but also the peculiarity of the activity.
We will provide you with information on the current state of international law and taxation, as well as advise you in solving financial issues, planning and issuing licenses; they have the experience and necessary knowledge of creating, registering and managing cryptocurrency exchanges.