Germany isn’t only one of most trustworthy, commercially honest and strict in terms of compliance jurisdiction, but also a country that is committed to massive technological and financial development. Despite the fact that the status of a fairly conservative commercial space has been assigned to jurisdiction, this country strongly supports innovative solutions and tools, in particular, crypto-currencies and blockchain-technologies. Obtaining a crypto-license here is an opportunity to declare yourself as a reliable and honest partner for other organizations and potential clients.
Our company is ready to provide you with various services related to the establishment and crypto-companies licensing in various jurisdictions. We also give comprehensive professional advice and support in any commercial areas and issues, in particular, for FinTech companies, gambling structures, brokerage firms and others.
Speaking of this jurisdiction, it should be noted the particular strictness of this jurisdiction in relation to implementation and meeting certain regulatory rules put forward at the local legislative level. Companies that do not comply with the standards and norms accepted in the jurisdiction cannot obtain a crypto license and, accordingly, conduct their business-activities. According to local regulation, main normative points for commercial crypto-projects are as follows.
Category of the corresponding license permission is classified depending on what range of services the firm intends to provide and in what direction to run its business-activities. So, as jurisdiction’s regulation determines it, there are the following categories.
Our company will help you decide on direction of crypto-activities if you are still in doubt and cannot find your path. We are competent specialists in the field of IT-law, gambling, Fintech technologies, brokerage services and many other rapidly developing commercial niches that are in demand on the global market.
This jurisdiction compares favorably with next-mentioned privileges and enticing prospects that it offers to capital holders who decide to invest in the crypto environment.
Procedure for obtaining legal crypto-permit in the jurisdiction is quite simple and intuitive, and most importantly, transparent and honest in terms of the relationship of the regulator to the licensee.
Our specialists will accompany you at every stage of this process and will take care of all the nuances and difficulties, in particular, the preparation of the necessary documentation. We’ll greatly help you to open accounts for commercial and cooperative purposes.
In this jurisdiction, deals with crypto-currencies are exempt from VAT and are not subject to capital gains tax. Owners of crypto assets must keep them for 12 months in order to be fully tax-exempt. If cryptocurrencies are sold, staying with their owners for up to a year, then the profit from their sale will be subject to a progressive income tax of 45%.
If exchanges that buy or sell cryptocurrencies under their own name act as and have the official status of an intermediary, then they will be exempt from paying tax. However, exchanges that operate on the technical market will not get any privileges and benefits.
Cost of getting a crypto-license is calculated purely individually for each commercial project. This is due to the fact that the total price is a derivative of many factors, in particular, the range of services of the company, its initial budget, and others.
Our specialists have sufficient knowledge and experience not only to accurately calculate the cost for you, but also to optimize your costs as much as possible. We work for your comfort and commercial efficiency.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.