Features of obtaining a crypto license for exchanges in different countries. How will cooperation with СryptoLicense.net help you get a work permit?
Interest in the crypto industry is growing and snowballing, so many new crypto companies appear yearly. The countries’ governments are trying to learn how to regulate this industry: some ban it entirely, while others encourage companies to get a license and operate legally. СryptoLicense will become a reliable assistant if you want to simplify the process of obtaining a crypto license in the UK or other countries as much as possible. A team of professionals works here, who knows the peculiarities of getting a work permit in different jurisdictions, can conduct a comprehensive consultation, help prepare documents and do everything so that you receive the desired papers as quickly as possible.
As mentioned, each country sets different rules for regulating the crypto industry. Today there are several jurisdictions where you can get a work permit, and we want to discuss the most popular ones.
The UK is a country that has managed to develop an excellent legal framework for regulating the crypto industry. So, every crypto company that wants to work here legally has to pay taxes.
You do not need to get a permit in the UK, but you must properly register and pay corporation tax and value-added tax.
The country’s government has created the Innovation Hub platform, where crypto companies can get legal support, but this is advisory.
If your organization wants to operate legally in the EU, you must obtain permission in one of the jurisdictions. The easiest way to do this is in Estonia. The peculiarity of this country is that cryptocurrencies are regulated here not as e-money but as goods.
To obtain a crypto license in Estonia, your company must be registered in this jurisdiction, and the owners of the organization and shareholders must have an excellent reputation.
A crypto organization is required to pass a complete check and pay a fee of 3,300 euros. After that, the state authorities will have 60 days to decide. A crypto license is issued indefinitely, but you can lose it if your company is seen in fraud or money laundering.
Getting a crypto license in Poland is a good idea for many companies that want to work legally in EU countries. This jurisdiction’s peculiarity is that it allows companies to make anonymous transactions in a limited amount.
To obtain a work permit in this jurisdiction, you must register a company, get a PESEL (tax number) and file an application with the regulatory authorities. Usually, obtaining a license here takes about 2 months if all documents are in order.
Today no law obliges companies to obtain a crypto license in Canada. However, every organization that provides financial services (including crypto exchanges) must register with FinTRAC.
It is worth remembering that cryptocurrencies, like other electronic money, are equated here with securities. Each cryptocurrency company must pay taxes (the federal rate ranges from 13% to 33%, depending on the size of the company’s income).
The Swiss government is interested in the development of the crypto industry. Therefore it creates a perfect investment climate. Obtaining a crypto license in Switzerland has several significant advantages:
Practice shows that obtaining a work permit in this jurisdiction is much easier than in the US or EU.
bad reputation. So, neither the owner nor the shareholders should have an account of legal trouble.
It is a work permit issued by government agencies in different countries. In addition, this is a document that confirms that you are ready to work legally, honestly, and openly.
Each jurisdiction sets its own rules for obtaining a crypto license. You can contact our specialists to simplify and speed up this process as much as possible. They will check whether your company is ready to obtain a license, help you complete the necessary documents, and assist in obtaining permission at all stages of cooperation.
The cost of obtaining a crypto license depends on your chosen jurisdiction. It includes our company’s services, fee amount, authorized capital, and other jurisdiction requirements. The exact cost can be obtained from our manager.
You need a crypto license if you want to avoid getting in trouble with the law but want to work honestly and openly. All companies that operate without permission are automatically recognized as fraudsters and blocked. In addition, having a permit simplifies the process of attracting new customers and investors.
Each jurisdiction develops different types of crypto licenses. So, if you want to sell cryptocurrencies, you should get a license for crypto exchanges. However, some jurisdictions, such as the Czech Republic, offer 4 types of permits for exchanges, so it makes sense to contact our specialists to suggest which license is proper for you, taking into account the characteristics of your company.
Yes, each country sets its own taxation rules for the crypto industry. Most jurisdictions ask you to pay 13 to 30% of the profit + VAT. However, some countries like Switzerland have several times lower taxes.