CompareCrypto licence laws: Lithuania, Estonia and Dubai
License type and government fee
10,000€ 1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
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
Required share capital
250,000€ - Cryptocurrency exchange license 100,000€ - Crypto wallet and custodian services license.
24,250€ (Advisory Services) - 194,000€ (Exchange Services)
Share capital payment
25% to start (31,250€), 75% within a year.
50% of Government fee
20,000€ - 50,000€
Both monthly and yearly audits are necessary
VARA may mandate its need
AML (Anti-Money Laundry Officer)
Can be any nationality
AML monthly salary
Starting price point: €1,200
Starting price point: €5,000
Starting price point: €1,200
Open to all nationalities, but living in Estonia is required.
Laws on cryptocurrency vary significantly across different jurisdictions, necessitating a comprehensive understanding and comparison of these legal frameworks, particularly in regions such as Estonia, Lithuania, and Dubai. This knowledge allows for an in-depth evaluation of the unique opportunities and challenges each region presents, aligning them with your business objectives.
In the sphere of the EU, Estonia and Lithuania stand out as leaders in the adoption of cryptocurrency regulations. Estonia, with its enticing 0% corporate tax rate, attracts many emerging crypto ventures. In contrast, Lithuania, known for its simplified licensing process and gateway to the broader European market, offers its own set of unique benefits.
Meanwhile, Dubai offers a unique range of advantages. Known for its strategic location and business-friendly climate, Dubai issues crypto licenses through its free zone authority and imposes no taxes on crypto investments or trading, creating an attractive hub for global crypto initiatives.
In this rapidly evolving landscape, Estonia, Dubai, and Lithuania provide effective alternative solutions, each with their unique combination of regulatory benefits and entrepreneurial opportunities within the crypto sphere.
Curious about the intricacies of the EU cryptocurrency regulation? Navigating the European crypto landscape can be daunting, but we're here to help. If you're eager to learn more, dive into our comprehensive guide and stay ahead of the curve.
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Lena Elvbakken - Founder
As a co-founder of Consulting24, Lena has carved a niche for herself in the field of laws on cryptocurrency. Her profound knowledge empowers her to adeptly steer innovators through the intricate processes of setting up exchanges and initiating token launches, especially in crypto-amicable jurisdictions like Estonia, Lithuania, and Dubai. Her pivotal role in simplifying the convoluted process of establishing a crypto exchange highlights Consulting24's central position in the global progression of cryptocurrency.