Antigua Cryptocurrency License | Finlaw

Antigua Cryptocurrency License

Antigua and Barbuda is a small island nation located in the West Indies. It has been attracting more discerning tourists with its natural assets, but it’s also emerging as an attractive business center for offshore companies looking to do work offshore. The government has made great strides in improving Antigua’s offshore company and banking environment through the introduction of new foreign residency, trust, partnership legislation. In addition, Antigua has emerged at the forefront of cryptocurrency and digital asset regulation.

The financial industry on Antigua has been booming for years. There are over 30 offshore banks in operation, which represent about two thirds or more of the country’s GDP. However, the government has seen the need for diversification and have developed an intricate yet malleable regulatory framework for digital asset-related businesses. In fact, among traditional offshore jurisdictions, Antigua rivals only Bermuda in terms of attractiveness of its digital asset licensing structure. 

It’s no surprise that Antigua, with its advanced regulations and quick process for getting digital asset licenses is quickly becoming one of the most popular locations in which to establish a cryptocurrency business. Not only do they offer world-wide recognition through their Digital Asset Business License but it also allows holders access into various other options such as international exchanges or payment services based on blockchain technology. For that reason, many major recongized players in the blockchain industry are flocking to the island.

Advantages of a Antigua Cryptocurrency License

With the world’s population increasingly turning to cryptocurrency for financial gain and as a medium of exchange, it is more important than ever that you get in on this booming market. The Antigua Digital Asset license can afford you access to this exploding market in three months or less. When compared to various alternatives, the Antigua cryptocurrency license offers market participants legitimacy, transparency and access to global markets. 

Antigua Cryptocurrency License at a Glance

License Digital Asset Business License
Time to License 3 to 4 Months
Capital Requirement $100,000
Tax Structure Zero (0%) Percent Tax on Offshore Profits
Economic Substance No
Local Director Yes
AML/KYC Yes
Audit No

Resources

Description QR code Download
Antigua Digital Asset Business License – Application
Antigua Digital Asset Business License – Personal Ques.
Antigua IBC Formation

The Antigua Cryptocurrency License Package

  • Establish Antigua IBC entity

  • Preparation and drafting of shareholder and officer agreements.

  • Preparation and drafting of narrative business plan.

  • Preparation and drafting of current financial statements.

  • Preparation and drafting of 3 years financial projections.

  • Preparation and drafting of personal financial statements for owners.

  • Preparation and submission of application with Antigua regulators.

  • Preparation and drafting of responses to Antigua regulators.

  • Identification and engagement of auditor and local representative.

  • Facilitate opening of bank accounts and trading accounts.

  • Preparation and drafting of AML/KYC policies and procedures.

  • Preparation and drafting of client agreements and disclosures.

Contact the Antigua Cryptocurrency License Experts

Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the offshore banking license experts at FinLaw to begin the process of obtaining your Antigua Digital Asset Business license today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.

Antigua Cryptocurrency License

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