Eternity Law International News Crypto license in Malta

Crypto license in Malta

Published:
December 5, 2022

At one of the leading blockchain conferences of 2018, the Prime Minister of Malta officially announced innovative regulations, highlighting the country’s desire to become a progressive blockchain island. Over the past year, our team actively interacted in panel discussions, making official proposals for regulating blockchain projects in this jurisdiction. With extensive expertise, we’re ready to share our knowledgeable background and support you in getting cryptocurrency permits in Malta.

Our team is ready to give you professional fully-covering assistance in licensing and general establishment of commercial structures worldwide. Our experts have extensive expertise and a wealth of knowledgeable background; it allows us to guarantee only effective and fastest results for our clients.

Peculiarities of becoming holders of crypto-licenses in Malta

This issue should be considered in the context of the challenges in creating current accounts, even after successfully completing all stages of getting expensive permits. Applications for such licenses must be submitted through a VFA register included according to the law meet next-mentioned criteria:

  • be accompanied by documentation and data additionally to legal requirement basis;
  • undergo inspection by the competent authorities in the prescribed manner and scope;
  • include a physical address in Malta for notices and other communications with the applicant;
  • maintain a min quantity of full-time workers locally.

These aspects emphasize the importance of expert support in getting crypto-licenses; our team promises to provide not only professional support, but effective resolution of nuances in this area. We’l also help you in getting other types of permits, particularly, Forex-licenses in Labuan, gambling licenses in Estonia, etc.

Crypto-licenses in Malta: categories and regulation

  1. First category of permits is suitable for financial advisors. Cost of license varies from 3,000 EUR with annual fees. Starting capital is from 50,000 EUR or 25,000 EUR with extra PII-insurance. Holders of this permit possess rights to receive and transmit orders, provide investment advice on VFAs and/or place them. Nevertheless, they cannot store or control clients’ monetary means. This licensing is suitable for providing wallets, P2P-exchange and asset management-procedures.
  2. Second category of permit costs from 5,000; you need to pay 4,000 EUR annually. Capital is 0 from 125,000 EUR. Holders of the second type of permit possess rights to offer VFA-services, with the exception of VFA-exchange or carrying out transactions for their own account. They’re allowed to hold or control client funds while providing the VFA-service.
  3. This permit is suitable for OTC-traders and over-the-counter transactions. It costs 7,000 EUR, and you need to pay 6,000 annually. Starting capital requirement basis is 730,000 EUR. Class 3 permit holders may spread various VFA-services, with the exception of VFA-exchange. They possess rights to hold or control client funds while providing the VFA-service.
  4. This category is suitable for any type of crypto-exchange. Its price is 12,000 EUR with an annual fee of 25,000 EUR. Capital in this case should be from 730,000 EUR. A Class 4 license gives firms full rights to operate the VFA-exchange and store or control client funds, VFAs or private crypto-keys.

Registration terms

Preparatory stage lasts quite a long time due to the careful selection of candidates. Licensing itself in this country takes 3-6 months from the date of application, depending on the need to provide additional documents to the regulator. If there is doubt about a candidate, the regulator requests additional information to make an informed decision.

Key points in the formation of basic policies for the functioning of a crypto-company in Malta

Companies need to ensure they qualify for distributed ledger technologies and undergo specific testing before doing business-activities in Malta. Considerable attention is paid to the compliance of the company’s administrative board with all regulative normative points, ensuring quality management and control.

Procedure of getting a crypto-license locally requires careful study of the legislative basis and provision of all mandatory-needed data. Legal assessment of the project provided by our company helps you make an informed decision and thoroughly prepare for business-activities in Malta. Price is calculated individually, depending on the complexity of the project.

It’s perfect to submit your project to the MFSA early to get essential informal feedback on what the regulator expects from your project. Our experts are ready to support you in this process.

Our experts provide fully-covering support in the process of getting a crypto currency permit in Malta and other permits, particularly, EMI licenses in Portugal, Forex-licenses in Germany and much more. Experienced lawyers and consultants help in getting a permit and establishing a business-structure, and creating a banking account in a Maltese banking establishment. We’ll provide legal support to comply with all rules and standards, and procedures related to crypto-activities. Our expertise guarantees the successful conduct of crypto-business in Malta in full compliance with the law.

Documents for obtaining a crypto-license in Malta

To obtain a crypto-permit in Malta is essential phase for launching cryptocurrency projects. When submitting your application to MFSA, you’ll need to provide a plenty of key documentation including:

  • completed application form;
  • professional liability insurance;
  • detailed business-plan;
  • Statute;
  • questionnaires of shareholders and directors (no residency rules);
  • financial forecasts;
  • forms for assessing the competence of workers and others.

Advantages of a crypto-license in Malta

Procedure of becoming a holder of a crypto-permit includes:

  • project preparation;
  • meeting with MFSA-representatives to clarify normative points;
  • submitting an application with registration of share capital and proof of the founders’ funds;
  • meeting licensing rules and standards.

This process usually takes about three-month-period, subject to extra time to prepare the necessary documentation and meeting licensing obligations.

Crypto-permit in a given jurisdiction is a very prestigious decision giving you a good image, opportunities to create a banking account in a local banking establishment, and regulatory flexibility from an honest and transparent regulative body.

Cryptolicense in Malta is an attractive choice for globally oriented crypto-projects seeking stable and transparent regulation. Our lawyers provide support, help you choose the optimal jurisdiction and accompany you at all stages of the project.

Our services

We provide fully-covering support to entrepreneurs seeking to get a permit in Malta and other spaces. Here’s what’s included in our offer.

  1. Establishments and licensing of companies in any part worldwide.
  2. Assistance in collecting and filling out the mandatory documentation.
  3. Getting supplementary permits if necessary.
  4. Interaction with regulators.
  5. Assistance in creating accounts in banks and payment systems.
  6. Possibility of purchasing ready-made organizations.
  7. Consultations on various issues.

Our experienced experts ensure the prompt and correct achievement of your goals for the successful functioning of your business-project.

Why choose our company

Our team is the optimal choice for cooperation regarding the preparation of a crypto-license in Malta and in other jurisdictions. Our experts with many years of expertise in this field possess successfully advised plenty of customers helping get hundreds of permits and received a lot of positive feedback. We specialize in operational licensing in various jurisdictions and in solving possible problems arising during the transaction process. We’re perfect choice for next-mentioned reasons.

  1. Rich expertise in this field.
  2. Receiving positive feedback from clients.
  3. Fully-covering support: from opening an account to selecting personnel and premises.
  4. Focus on achieving perfect results at minimal cost.
  5. Guaranteed quality of services provided.
  6. Free consultations.
  7. Fully-covering clients’ support at all phases.

Contact us now and we’ll help you find perfect kind of crypto-permit in Malta and other jurisdictions to suit all your desires and intentions. We may provide supplementary corporate services: we’ll recruit personnel, find premises for rent, arrange other permits and much more. We focus on achieving optimal results with minimal investment, providing fully-covering support at all phases of the deal.

Businesses for sale

Crypto license in Isle of Man

Europe, UK Crypto licenses for sale
The Isle of Man Crown Office has been actively interested in the crypto-sector since 2012, when decentralized virtual currencies became widespread. Since then, administrations, social services, financial management and other bodies began to use crypto-innovations. Island’s governmental bodies introduced new regulation basis aimed at encouraging ICO-projects and the overall growth of the blockchain industry. Authorities...

Bulgarian crypto license for sale

Europe, Bulgaria Crypto licenses for sale
The following is an opportunity to buy crypto license in Bulgaria. Please review the primary information regarding this deal. Crypto license in Bulgaria for sale: details of the transaction Registered Address: The purchase of the company includes a registered address for 12 months. Documentation: The proposal includes an apostilled and sworn translated set of documents...

Crypto license in Lithuania for sale

Europe, Lithuania Crypto licenses for sale
Below you can see the information regarding the ready-made company with crypto license and bank account in Lithuania for sale This company with crypto license in Lithuania for sale – whats included: License: cryptocurrency and wallet exchange operator. The company has the right to provide cryptocurrency wallet services, exchange cryptocurrency for fiat or vice versa and...

You could be interested

BD company in FINRA and NYSE New York - USA

Finance and Insurance: Securities Brokers and Dealers, Investment Banks, Merchant Banks The Securities Firm is based in New York and is approved for most business lines. The company places lots on other BDs, retail business and investment banking are supported. There are no debts and no questions from the regulator. Price on request; Redomiciliation –...

How does SWIFT network work?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SCRL  gives the ability to financial institutions worldwide to send and receive messages about the financial transactions in accordance with required safety measures, using standardized form and software. SWIFT connects all members of their network using Business Identifier Codes, which is unique for each financial institution who is...

PSD3: Challenge for EMI and PI

The ever-evolving field of monetary technology, often referred to as FinTech, has been a driving force behind the transformation of PI and EMI. Against this backdrop, Payment Service Directive 3 (PSD3) is set to become a significant milestone, ushering in a new era of rules and standards. Within this evolving framework, electronic money institution authorization...

Registration of trusts and funds

Registration of trust and stock documents is the moment that arises when a manufacturing and industrial company reaches a constant and stable income. For this reason, there is a need to create reserve capital, which will be inaccessible to state interests, taxation, wasteful heirs and other force majeure circumstances. In world practice, the activity of...

Blockchain Life 2020 Forum

APRIL 22-23 FORUM BLOCKCHAIN ​​LIFE 2020 ASSEMBLES 5000 PARTICIPANTS AND LEADING COMPANIES IN MOSCOW The largest blockchain, cryptocurrency and mining event in Europe will take place on the innovative platform Music Music Dome. April 22-23, Blockchain Life 2020 gathers 5,000 participants from 70 countries. Among them: businessmen from the crypto industry and classical business, investors,...

Cryptocurrency License in the USA

At the legislative level, the license for cryptocurrencies in the United States was secured in 2013. Then it was decided to lift the ban on cryptocurrencies and develop special provisions for their use. Cryptocurrencies in America are decentralized and used like regular money. Consequently, exchanges and other companies that carry out transactions with crypto-money must:...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7