Eternity Law International News Crypto License in Portugal

Crypto License in Portugal

August 25, 2022

Getting permits to make commercial deals with digital assets is obligatory for firms offering their services in the field of virtual currency exchanges in this state. Crypto license in Portugal is a document giving businesspersons the opportunity to show their project is properly certified, verified, has a decent image and is a trustworthy element in a confident niche.

Crypto license in Portugal 2022: current regulations

We are getting inquiries about whether it is worth moving to Portugal to avoid taxation or pay less taxes when selling crypto-assets. In this jurisdiction, crypto-business is being discussed more and more. In recent years, blockchain has become of interest to society due to the rapid growth in the price of bitcoin, great interest in ICOs, as well as capitalization in crypto-market.

In this state, cryptographic assets aren’t the means for making payments and aren’t considered money. Nevertheless, they are subject to approval as alternatives for payments at level of arrangement if both parties agree to a transaction with crypto. Also, cryptocoins have their own features within country, which are very similar to fiat:

  • it saves price;
  • is the unit of calculation;
  • suitable for exchange.

Thus, cryptoassets are determined as payment remedies in individual cases. Digital actives are still being viewed in relation to their versatility.

Blockchain regulations became a serious topic for Central Bank and other regulative representatives. There have been many public claims and cautions published regarding cryptocoins.

How to pass licensing for crypto business in Portugal?

As already mentioned, there aren’t distinct restrictions or prohibitions when it comes to digital assets’ keeping and trading, except securities. VASPs operating there must first be certified by Central Bank: it issues cryptocurrency licenses in Portugal. Certification process itself is quite complicated. For now, Central Bank enables VASPs and individuals to manage their own crypto-assets after submitting commercial models and confirming compliance. Simultaneously, the business plan must be understandable and clear, and the owner will also need to deposit a small amount in order for the structure to become liquid.

Obtaining a crypto license in Portugal implies next-mentioned points need to be met:

  • choose activities a firm will work with, and their range;
  • have an appropriate share capital
  • register an organization – a future applicant;
  • develop plans for future activities;
  • collect data on founders, beneficiaries and tops;
  • develop schemes for controlling operations with cryptocurrency and other documents that are set by law;
  • form documentation package that is needed to apply;
  • apply directly by paying the relevant fees.

In this jurisdiction, there aren’t duties to declare crypto-assets. It isn’t mandatory to report crypto-transactions exceeding the allowed threshold. However, if these operations are performed by people who fall under the AML law, it is imperative to report doubtful payments or activities to appropriate bodies; it doesn’t matter what amounts involved.

If you are ready to launch your own crypto project within this jurisdiction, please contact our experts. We’ll answer all your questions and be able to advise you on doing commercial operations in the country, and find you a ready-made crypto-currency license and business in Portugal.

View new offers in categories Cryptocoins and licensing of cryptocurrency operationsReady-made companiesBanks for sale and Licenses for sale.

You could be interested

Ready Fintech Company in Canada

For many years, Canada’s financial sector has been and remains one of the strongest among such global industries. Jurisdiction governments and financial niches have worked closely with each other to address the COVID-19 crisis. This helped ensure a coherent response to the ongoing impact of the pandemic. Below we will consider what makes a ready-made...

Saint Lucia citizenship for investments

A possibility to become citizenships by investments was developed in jurisdiction. Foreign citizens making contributions in jurisdiction’s economical progress, subject to all verification points, may be granted Saint Lucia citizenship for investments. How to get Saint Lucia citizenship Citizenship in St. Lucia guarantees visa-free-regime or traveling permits to almost 150 states. No need to live...

Open an account for a non-resident in Ukraine

In order for Ukraine to make the transition to the free movement of capital investment, the NBU allowed each entity to open an account in the Ukrainian financial market. Subjects include: non-resident legal entity; foreign funds specializing in investment; a company that manages assets acting on behalf of a foreign investment fund. Client account opening...


More entrepreneurs today are trying to enter the Asian market. For this, it is more convenient to register and conduct business directly in one of the Asian countries, as you will be closer to the scene, be able to keep abreast, quickly respond to market changes and engage in dialogue with partners. If you are...

CFC in Ukraine

NEW TAX ERA IN UKRAINE: CFC RULES IN UKRAINE On January 16, 2020, the Verkhovna Rada of Ukraine voted for the adoption of draft law No. 1210, he put an end to many years of disputes over the reform of the tax legislation of Ukraine and the CFC in Ukraine. Implementation of the BEPS plan,...

Vanuatu Forex license in 2023

Vanuatu – a niche increasingly intriguing for FX-brokers. The country has created a convenient and fairly loyal environment for opening a company, and there are favorable conditions for doing commercials. Vanuatu forex license gives its holders a lot of advantages, in particular, the absence of complex norms for obtaining a permit and stringent obligations for...
Fill the blank:


Dreikonigstrasse, 31A, Stockerhof


Baseina street, 7


Grosvenor Gardens, 52


Lochrin Square, 1


Jacovides Tower, 5 floor


Kesklinna linnaosa, Tuukri 19


Esplanade, 7 floor


Gediminas Avenue, 44A

New York

New Rochelle, Huguenot St, 175


20 Martin Place


3 Fraser Street, #08 DUO Tower

Hong Kong

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


2609 Avenida da Boavista


Revaz Tabukashvili Str., N 45, area N 7