Cryptocurrency Regulation Insights: 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 |
Navigating the intricate world of cryptocurrency exchanges, securing a crypto license is a critical milestone. Understanding the regulatory guidelines and advantages of each jurisdiction becomes essential.
Take Estonia, a digitally progressive country with a well-defined cryptocurrency regulation, enticing entrepreneurs with a 0% corporate tax rate. On the other hand, Lithuania, with its balanced taxation and straightforward rules, streamlines the licensing process while opening up the larger European market. Dubai, known for its strategic geographical position and business-friendly climate, grants crypto licenses through its free zone authority, making it a lucrative base for crypto initiatives.
Here's where Consulting24 steps in. As a leading firm in the realm of cryptocurrency consulting, Consulting24 provides tailor-made guidance, charting a course that syncs flawlessly with your distinctive needs and ambitions. Like a master key, Consulting24 aids in unveiling the gateway to your prosperous crypto enterprise.
Curious about the EU's stance on digital currencies? Dive into an in-depth exploration of the eu on cryptocurrency regulations and uncover the intricacies that shape the European crypto landscape. If you're keen to study further, this is your ideal starting point.
Client Portfolio
Consulting24: Your Best Choice for Expert Crypto Consulting
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Our Team
Mardo Soo - CEO
Mardo, leading the helm at Consulting24, embodies the quintessential spirit of a crypto consulting maestro. His role transcends beyond simply acquiring clients; he prioritizes nurturing enduring business alliances. His proficiency in simplifying intricate issues is evident in the convoluted world of cryptocurrency, a testament to his exceptional leadership prowess.
Lena Elvbakken - Founder
As a co-founder of Consulting24, Lena has made a unique mark in the field of cryptocurrency regulation consultancy. Guiding innovators with proficiency and elegance, she navigates them through the complexities of setting up exchanges and token launches in crypto-friendly regions like Estonia, Lithuania, and Dubai. Her invaluable input in unraveling the intricacies of setting up a cryptocurrency exchange amplifies Consulting24's crucial role in the worldwide growth of cryptocurrency.
