Crypto Laws By Country
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 |
Our Clients
A Deep Dive into Crypto Laws and Licensing
For aspiring digital currency enthusiasts, diving deep into crypto laws, especially within regions like Lithuania, Estonia, and Dubai, is paramount. Each of these regions provides a unique regulatory tapestry, underpinning the vast opportunities in the crypto sphere:
🔹 Lithuania:
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Licensing Ease: An entrance to the European crypto domain.
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Investment Structure: Start with 125,000€; 31,250€ (25%) upfront with the remainder over the coming months.
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Business Flexibility: Encourages virtual office models and global leadership positions.
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Regulation Keynotes: Mandatory presence of an AML officer, even though routine audits aren't essential.
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Process Duration: Typically, licensing wraps up in 30 to 60 days.
🔹 Estonia:
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Tax Advantages: An attractive 0% corporate tax without binding dividend payouts.
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License Ceiling: Fixed at a straightforward 10,000€.
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Regulation Essentials: Necessitates an in-country director and a local AML representative.
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Oversight Provisions: Regular audits are standard.
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Exchange Prerequisites: A significant capital of 250,000€ is mandatory.
🔹 MICA Regulation:
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Investor Protection: MiCA emphasizes on transparency, ensuring a holistic environment for token issuers and service providers.
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Token Parameters: Regulations include issuers of utility tokens, asset-backed tokens, and prominent 'stablecoins'.
🔹 Dubai:
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Financial Leadership: Acclaimed for pioneering significant crypto initiatives.
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Tax Benefits: Zero tax implications on cryptocurrency trades and gains.
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License Variances: Ranges from 9,700€ to 24,250€, plus an additional supervisory fee which is half the base amount.
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Elite Projects: Given its premium pricing model, it's apt for high-end ventures.
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Capital Benchmarks: A formidable 194,000€ reserve is essential for crypto platforms.
To all those exploring the puzzle of crypto regulation and considering a crypto exchange setup or token launch, a keen understanding of these crypto laws is vital. Taking time to scrutinize these regulations can greatly benefit one's crypto journey.
Advisory Projects
Consulting24 Team
Mardo Soo - CEO
At Consulting24, Mardo's prowess in blockchain consulting, token launches, and strategic listings is evident. More than just connecting with clients, he specializes in nurturing enduring business ties, cementing his role as a crypto industry stalwart.
Lena Elvbakken - Founder
Lena, Consulting24's co-founder, boasts unparalleled expertise in crypto laws. Guiding innovators through exchange setups and token launches, especially in Estonia and Lithuania, she's instrumental. Her adeptness at demystifying the crypto initiation process accentuates Consulting24's prominence in the cryptocurrency arena.
