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Crypto Licensing: An Overview of Estonia, Lithuania, and Dubai.
Feature | Dubai | Lithuania | Estonia |
|---|---|---|---|
Cost | 20 000€ | 20 000€ | 25 000€ |
License Type & Government fee | 1. 9,700€ - Advisory Services & VA Transfer and Settlement Services | 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
|
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services | No additional fee | 10 000€ | |
Audit | May be required by VARA | Not required | Monthly and yearly are needed |
Office | Required | Can be virtual | Required |
AML (Anti-Money Laundry Officer) | Can be any nationality | Local needed | Local needed |
AML monthly salary | 5000€ | Starting from 1200€ | Starting from 2000€ |
Local director | Can be any nationality | Can be any nationality | Can be of any nationality, but have to live in Estonia |
Share capital terms | Immidiately | 25% now, 75% within a year.
| Immediately |
Required share capital | 24,250€ (Advisory Services) - 194,000€ (Exchange Services)
| 125 000€ | 100 000€ - Crypto wallet and custodian services license.
250000€ - Cryptocurrency exchange license |
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More details about Lithuania, Estonia and Dubai Blockchain Regulation
In the domain of cryptocurrency exchanges, the acquisition of a crypto license is a fundamental necessity. However, this crucial asset takes different forms across various jurisdictions, each possessing its unique advantages and processes:
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Estonia: A technologically advanced country with a well-defined blueprint for crypto enterprises, Estonia stands as an attractive prospect. With its exceptional 0% corporate tax, it has fully accepted the digital revolution, emerging as a hotspot for crypto businesses.
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Lithuania: Defined by a well-balanced tax system and transparent regulatory directives, Lithuania offers clarity to the licensing process. Being an EU member, it also serves as an entry point to the vast European market.
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Dubai: Thanks to its strategic geographical position and a conducive business environment, Dubai grants crypto licenses via its free zone authority. Its strong tech infrastructure and status as a global business hub render it an appealing destination for crypto operations.
Choosing the most suitable jurisdiction for your crypto license requires a profound understanding of the regulatory environment, tax implications, and business infrastructures. This is where Consulting24 comes into play:
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Consulting24: As your expert blockchain legal consultant, we provide tailored advice, crafting a path that aligns with your unique needs and goals. Like the perfect key, we adapt to fit your lock, assisting you in unlocking the door to your successful crypto journey.
Why Consulting24?
Expert Blockchain Legal Consultant: Guidance by Consulting24 with Over 500 Licenses Accomplished
Our Team
Mardo Soo - CEO
As the CEO of Consulting24, Mardo personifies the fundamental spirit of crypto consulting services. His duties go beyond the boundaries of client acquisition, focusing instead on cultivating enduring partnerships. Mardo's leadership style showcases an exceptional ability to untangle complex situations, particularly in the multifaceted realm of cryptocurrency.
Lena Elvbakken - Founder
As the co-founder and CEO of Consulting24, Lena has established herself as a beacon in the landscape of blockchain legal consulting. She expertly guides innovators through the intricate procedures of exchange and token initiations in crypto-accepting regions such as Estonia, Lithuania, and Dubai. As an influential figure in the sphere of blockchain law, she simplifies the complexities involved in setting up a cryptocurrency exchange, solidifying Consulting24's integral role in the global expansion of cryptocurrency.
