The Entrepreneur's Playbook to Crypto Currency Laws in Lithuania, Estonia, and Dubai.
For budding crypto entrepreneurs, understanding the Crypto Regulator landscape, particularly in Lithuania, Estonia, and Dubai, is a must. These jurisdictions offer distinctive regulatory features and entrepreneurial benefits:
Lithuania:
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Streamlined crypto licensing, acting as a door to the wider European market.
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Financials involve a share capital of 125,000€: 25% (31,250€) upfront; 75% over a year.
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Permits virtual office and global directorship without nationality constraints.
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No mandatory audit; primary ongoing cost is the AML officer's salary.
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Licensing process concludes in 30-60 days.
Estonia:
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Alluring 0% corporate tax; no obligation for dividend payments.
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License application fee stands at 10,000€.
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Essential to have a local AML representative and director.
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Regular audits are mandatory.
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A robust 250,000€ share capital needed for crypto exchanges.
Dubai:
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Positioned as a global financial hub, ideal for well-funded crypto initiatives.
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Zero tax on crypto transactions and profits.
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Licensing fees range from 9,700€ to 24,250€; supervision fee is an added half of the license fee.
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Premium projects are more aligned with Dubai due to the associated costs.
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A sturdy share capital of 194,000€ is a prerequisite for crypto exchanges.
In summary, navigating the Crypto Regulator guidelines in Lithuania, Estonia, and Dubai can pave the way for unparalleled opportunities in the cryptocurrency domain. Aligning strategies with these regions' specifics is pivotal for success.
Lithuania vs. Estonia vs. Dubai: Crypto Regulatory Overview
Feature | Lithuania | Estonia | Dubai |
|---|---|---|---|
Cost | 20 000€ | 25 000€ | 20 000€ |
License Type & Government fee | 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. 9,700€ - Advisory Services & VA Transfer and Settlement Services |
No additional fee | 10 000€ | 2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services | |
Audit | Not required | Monthly and yearly are needed | May be required by VARA |
Office | Can be virtual | Required | Required |
AML (Anti-Money Laundry Officer) | Local needed | Local needed | Can be any nationality |
AML monthly salary | Starting from 1200€ | Starting from 2000€ | 5000€ |
Local director | Can be any nationality | Can be of any nationality, but have to live in Estonia | Can be any nationality |
Share capital terms | 25% now, 75% within a year.
| Immediately | Immidiately |
Required share capital | 125 000€ | 100 000€ - Crypto wallet and custodian services license.
250000€ - Cryptocurrency exchange license | 24,250€ (Advisory Services) - 194,000€ (Exchange Services)
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Consulting24 Team
Mardo Soo - CEO
As the CEO of Consulting24, Mardo exemplifies profound acumen in blockchain consulting, covering areas like token launch strategies, ICO/IDO initiations, and establishing ties with launchpools. More than just client engagement, Mardo focuses on cultivating and sustaining enduring business partnerships. His adeptness in deciphering blockchain's complex layers, together with a deep-rooted grasp of token distribution tactics, accentuates his leadership prowess, positioning him as a trailblazer in the sector.
Lena Elvbakken - Founder
As a co-founder of Consulting24, Lena stands out as a seasoned expert in the realm of crypto currency laws. With her deep-rooted knowledge, she seamlessly assists innovators in setting up exchanges and launching tokens, particularly in crypto-friendly locales like Estonia and Lithuania. Her expertise is further enhanced by her understanding of the Crypto Regulator's stance, ensuring compliance and success. Lena's pivotal role in demystifying the complexities of starting a crypto exchange underscores Consulting24's significant impact on the global cryptocurrency trajectory.
