Eternity Law International — News — Cryptocurrency offshore license

Cryptocurrency offshore license

Published:
October 5, 2022

Creating crypto organizations in offshores is not as complicated as it seems. Main advantages of obtaining such a permit as cryptocurrency offshore license is ability to pay tax at a low rate, or to exempt your company from taxation altogether. In addition, offshore offers increased levels of protection of personal information of the enterprise’s owners. Only data about e-wallets’ owners is publicly available. Thus, offshore crypto-currency firms are the realization of great opportunities at low associated expenses.

Offshore crypto exchange license enables an entrepreneur to obtain the right to carry out operations in any of states where deals with crypto are allowed. Simultaneously, firms will not be obliged to pay additional taxes in state of domicile. Enterprise maintains its offshore legal capacity by continuing to pay appropriate annual fees.

Offshore jurisdictions for your crypto company

In some countries, crypto transactions are still prohibited, for eg., in Vietnam. Other jurisdictions are adopting appropriate amendments to the already existing legislative framework in order to introduce the most accurate and at the same time loyal monitoring over crypto-currency activities, and set a basis for obtaining offshore  crypto license. Particularly, there’re certain states being particularly lovable for launching crypto firms.

  1. Estonia is one of the most cryptocurrency-friendly jurisdictions.
  2. Lithuania, the Czech Republic and Poland are the most loyal jurisdictions with a quick procedure for issuing a permit for crypto activities.
  3. Mauritius – great choice to obtain offshore crypto license.
  4. Seychelles.
  5. Labuan.
  6. Cayman islands.
  7. Singapore – the jurisdiction has adopted clear and well-thought-out rules for conducting crypto business. There are 3 categories of crypto permissions.
  8. Gibraltar. Here, for start-up firms that intend to work in the field of monetary technologies, there are certain benefits.

Crypto license in offshore jurisdictions offers certain privileges for crypto-firms, in particular, they do not charge VAT, personal income taxes, do not require payment of corporate tax, etc. Georgia, for eg., allows an enterprise to possess completely foreign capital. It doesn’t require individuals associated with firm’s activities, paying income tax. Additionally, jurisdiction also has no tax on conversion of digital means into local currency.

Why obtain a crypto license in offshore?

Crypto traders are offered all benefits from establishing enterprises and obtaining blockchain license in offshore countries. Several of these include next-mentioned:

  • effective assets’ protection mechanisms;
  • high level of confidentiality of data owners;
  • separation of corporate means from private funds of investors;
  • tax privileges, since in certain states crypto-currencies are considered fiscal instruments, however, they are not quoted as money;
  • simplified process for creating accounts in payment systems;
  • a wide choice of ownerships: their choice of which depends on the goals that the enterprise intends to realize.

When registering crypto-currency enterprises offshore, you’ll also need to obtain official permission to conduct activities. Our specialists have been working in cryptocurrencies licensing for a long time, particularly, offshore. We are ready to answer any of your questions connected with how to set up a cryptocurrency exchange offshore and accompany you when concluding a transaction. You can contact us right now and become the owner of a ready-made commercial project with a license tomorrow.

Please contact us to get more information.

You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.

You could be interested

Ready-made company in Latvia

Ready-made companies, seasoned companies, or aged companies refer to LLCs or partnerships that have not been active. Benefits of aged companies Saving time is one benefit of a ready-made firm. The incorporation procedure takes time, and quicker enrollment is more expensive due to greater state taxes. Changing the owner of an existing business is quicker....

Benefits of being licensed in New Zealand as FSP

New Zealand is a preferable business center for FSPs (financial services providers), since it features many benefits over other countries, ensuring low operational expenses and confidence to clients on board. To conduct its activity, New Zealand FSP is obliged to apply for official permission for operation. Main peculiarities of FSP license The status of New...

Company registration in Denmark

Denmark is one of the most highly developed European countries. Therefore, it is attractive to foreign capital owners in terms of profitable investment opportunities. Although Denmark is not an offshore zone in the sense that we are used to, this jurisdiction offers foreign firms some privileges in terms of paying taxes. Organizational and legal forms...

Foreign Enterprises Redomiciliation on Cyprus

When enterprise changes its location, it’s known as redomiciliation of companies. Organization changes its official place according to Law norms, while maintaining its status. Under Law, foreign enterprises can move to some state without ceasing to operate in jurisdiction where they were originally approved. When the redomiciliation occurs, the enterprise will have to use the tax...

Company registration in St. Lucia

Saint Lucia is one of the most beautiful islands in the Caribbean. But this territory is attractive for businessmen not only for this reason. Saint Lucia offers a fairly loyal base for the development of foreign business, which becomes the reason for the active interest of foreign entrepreneurs in it. In addition, in this jurisdiction...

Regulation of Payment Institutions in Poland

In an era characterized by the intricate interplay of global economic networks and the ubiquitous presence of digital exchanges, the paramount function of transaction facilitators takes center stage. As a member of the European Union, Poland has scrupulously devised a multifaceted legal framework with the aim of enhancing the resilience, security, and fluidity of monetary...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360