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Cryptocurrency License

Taking into account the needs of clients from all over the world, GFSC Global has developed packages that includes essential services allowing companies, in different countries, to get a Crypto-license. New amendments in Estonia, as one of the best countries for Crypto-License,  to the Money Laundering and Terrorist Financing Prevention Act that entered into force on March 10, 2020 make it possible to apply for a single cryptocurrency license and provide services for both storage and exchange of cryptocurrency.

At GFSC Global, we help Cryptocurrency companies receive the relevant licensing in many countries, such as: Cyprus, Estonia,  Switzerland, Malta, UK, Gibraltar,  Singapore, France, Lithuania, Japan and Vanuatu.

Apply for our
CRYPTOCURRENCY Licenses

Please complete the form and an expert will get back to you within 24 hours.

EU Jurisdictions

Licenses are granted by Estonia Financial Intelligence Unit (“FIU”) under the provisions of the Money Laundering and Terrorist Financing Prevention Act.

Below please find features of the particular license category in more details:

Feature/Category Cryptocurrency Exchange License
Type of company required to be eligible Estonia Ltd company
Corporate taxation 20%
Minimum paid-up statutory capital 12,000 EUR
Main requirements Physical office, minimum of 1 director (local), AML Compliance Officer, qualified personnel, audited financial statements.
Timeframe A complete application is normally decided upon FIU approval within 2-4 months from the date of filing.
Government fees 3,300 EUR
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide).

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

Licenses are granted by the Malta Financial Services Authority (“MFSA”) under the provisions of the Virtual Financial Assets Act.

Below please find features of the particular license category in more details:

Feature/Category Cryptocurrency Exchange License
Type of company required to be eligible Malta Ltd company
Taxation 15-25%
Minimum paid-up statutory capital 730,000 EUR
Main requirements Minimum of 2 directors, AML Compliance Officer, qualified personnel, audited financial statements.
Timeframe A complete application is normally decided upon MFSA approval within 3-4 months from the date of filing.
Government fees 12,000EUR

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide).

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

Licenses are granted by the Bank of Lithuania under the provisions of the Blockchain & Cryptocurrency Regulation.

Below please find features of the particular license category in more details:

Feature/Category Cryptocurrency Exchange License
Type of company required to be eligible Lithuania Ltd company
Corporate taxation 15%
Minimum paid-up statutory capital *
Main requirements Physical office, minimum of 2 directors, AML Compliance Officer, qualified personnel, audited financial statements.
Timeframe A complete application is normally decided upon Bank of Lithuania approval within 3-4 months from the date of filing.
Government fees *
GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide).

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

Licenses are granted by Cyprus Securities and Exchange Commission  (“CySEC”) under the provisions of the Directive for the prevention and suppression of money laundering and terrorist financing.

Below please find features of the particular license category in more details:

Feature/CategoryCryptocurrency Exchange License (3 Categories)
Type of company required to be eligibleCyprus Ltd company
Corporate taxation12,5%
Minimum paid-up statutory capital

125,000 EUR or 150,000EUR (depends from the Category)

Main requirements

Physical office, minimum of 2-4 directors, AML Compliance Officer, qualified personnel, audited financial statements.

Timeframe

A complete application is normally decided upon CySEC approval within 5-6 months from the date of filing.

Government fees10,000 EUR

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide).

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

Offshore Jurisdictions

The relevant Licence is issued under the provisions of Vanuatu’s financial legislation and are granted by the Minister of Finance upon application to the Vanuatu Financial Services Commission (VFSC).

Please find below the features of the particular licence category in more detail:

 

Feature/Category

Crypto Exchange License

Type of company required to be eligible

VIC

Taxation

0%

Minimum paid-up statutory capital

USD 50,000 deposited

Main requirements

– AML/Compliance officer
– Compliance services (local-obligatory)
– Indemnity insurance

Timeframe

2-4 months

Government Fees

USD 7,100

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly Statistics, preparation for the On-site Inspection

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

The cryptocurrency activities in Marshall Islands are not regulated thus, there is not any requirement to obtain any license for the particular type of activities.

Below please find features of the particular category in more details:

Feature/CategoryCryptocurrency Company
Type of company required to be eligibleMarshall Islands company
Corporate taxation0%
Main requirementsMinimum of 1 director and 1 shareholder, submission of annual return
TimeframeThe registration of a Marshall Islands company is normally completed upon Registrar of Corporations approval within 1-2 working days from the date of filing.

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly Statistics, preparation for the On-site Inspection

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services

The cryptocurrency activities in St. Vincent and the Grenadines are not regulated thus, there is not any requirement to obtain any license for the particular type of activities.

Below please find features of the particular category in more details:

Feature/CategoryCryptocurrency Company
Type of company required to be eligibleSVG company
Corporate taxation0%
Main requirementsMinimum of 1 director and 1 shareholder
TimeframeThe registration of a SVG company is normally completed upon Registrar of Corporations approval within 5-7 working days from the date of filing.

GFSC GLOBAL can offer as well the following services in relation to the license application, which include:

1) Opening of operational and clients bank accounts (worldwide)

2) Assistance with recruitment of personnel (e.g. Executive Director(s), Independent Non-Executive Director(s), other required qualified personnel)

3) Provide outsourced services, such as Accounting, Bookkeeping, Internal Audit, External Audit, Quarterly & Annual Reporting

4) Provide outsourced Compliance & AML Support services

5) Provide outsourced Risk Management services

6) Assistance with finding local premises

7) Assistance with Trademark & Brand Name registration

8) Provide in-house trainings/seminars

9) Provide Legal Opinions

10) Provide DPO & GDPR Advisory services