By establishing a firm and getting a crypto-license in Latvia, you open doors to offering services for crypto-exchange and storage of cryptoassets within provisions of law basis of the European Union and other countries. Our professional experts have already helped hundreds of clients successfully obtain permits to work with crypto-currencies in Latvia and others; it contributes to the active development of their projects in the EU countries. A Latvian crypto-license will be a credible tool for your business-project, since for firms dealing with crypto-currency, having this permit is a key factor.
We are ready to offer you fully-covering professional support in implementing any of your commercial ideas. Our team has an extensive list of ready-made licenses for sale, in particular, EMI, Forex, gamble permits and much more.
Latvia is a convenient space for getting a crypto-license, which is valid within the EU, and is a favorable basis for the creation and development of crypto-projects and Fintech businesses. Advantages of this choice include relative simplicity of licensing, short time frames and moderate cost for getting authorization to work with cryptoassets.
To get a permit for an organization registered in Latvia, it is necessary to submit applications, develop AML-policies and hire a person in charge of exchanging data with the regulative authority about suspicious deals. Thanks to the flexible policy of the regulative body and the expertise of our experts, our company’s clients can be confident of 99.9% success in obtaining a permit.
To enter crypto-business in Latvia, two types of crypto-licenses are offered.
We recommend that our customers obtain both licenses from the very beginning, as this does not incur additional costs, but significantly expands the range of opportunities.
Control in this area is the responsibility of FCIS in Latvia. The name “license” is conditional, because firms are issued a permit to provide service range in the cryptographic currency industry. The procedure for obtaining such documents is carried out in the form of a notification, where the firm provides a statement of its intention to work with crypto-currency. Needed packages of documentation are attached to applications. FCIS implements correspondence checks and permit issuance.
A permit to run deals with cryptoassets in Latvia can be obtained by both local firms and branches of foreign organizations. Despite the fact the owners and managers of company may be non-residents of Latvia, each individual connected with organization must have an impeccable business image, confirmed by criminal records absence.
According to the local regulation, key normative points imposed by FCIS and Lithuanian legislative provisions on crypto-companies include next-mentioned.
Getting a VASP-license in Latvia begins with submitting a notification to the regulator about the desire to conduct transactions for the exchange or holding of virtual assets. It includes registration of relevant crypto-activities in Commercial Register of Latvia and performing other procedures. A brief description of the main steps includes next-mentioned.
Price of ready-for-use permit may vary and is calculated individually.
Our company’s specialists are ready to offer optimal solutions for getting a crypto-license in Latvia, ensuring efficient completion of all steps both in person and online based on a power of attorney. We can also provide you with professional services for obtaining other types of permits, in particular, gambling permits in Romania, Forex permits in Estonia and much more.
Determination whether the client acts on his/her own behalf or represents the interests of another person. In the latter case, it is necessary to find out the identity of this person.
Making a decision on cooperation or termination of cooperation upon receipt of information about the following entities:
The client identification procedure should be carried out as next-mentioned.
Having many years of experience in the licensing niche for firms of various levels in Latvia and others, we’re ready to give you highly-effective support to those who seek to obtain a cryptocurrency permit in Latvia.
We offer a full range of actions necessary for authorization of a crypto-service provider, including registration of a firm in Latvia and its affiliates, as well as preparation and launch of AML/KYC-policies and rules. We can carry out all stages, including firm registration and preparation of documentation, online, without the need for your presence.
Upon client’s request, accounting support and other necessary services for business-activities of a cryptocurrency firm are guaranteed. All these measures are aimed at ensuring the successful receipt of a crypto-license in Latvia and the effective functioning of the business in this area. Our lawyers are also ready to provide you with highly-qualified support for the goal to obtain other types of permits, in particular, a banking permit in the Comoros Islands, a gamble permit in Malta and much more.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.