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.
For many years, international commercial banking has taken place on Antigua. However, it was not until 1983 that offshore banks began operating in this country and since then their numbers have increased rapidly as well. Antigua’s economy is one of the strongest in this region. The country has an largely on tourism and offshore financial services, which make up for about two thirds or more its overall gross domestic product (GDP).
Antigua is an ideal location for a cryptocurrency-based business. Antigua offers a Digital Asset Business license which allows the holder to operate an international cryptocurrency exchange or cryptocurrency-based payment service, among other options. The licensure is recognized world-wide and many cryptocurrency exchanges are licensed in Antigua. In addition, the process of obtaining a license is both cost effective and can be accomplished in a relatively short period of time.
Advantages of a Antigua Cryptocurrency License
Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining an Antigua cryptocurrency license can place you in this lucrative market in as little as three months. As worldwide adoption of cryptocurrency increases, cryptocurrency exchanges are estimated to have taken in over $1 billion in profits last year alone. With increasingly complex cryptocurrency regulation in leading economic nations such as the United States and European Union, Antigua offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.
Antigua Cryptocurrency License at a Glance
|License||Digital Asset Business License|
|Time to License||3 to 4 Months|
|Tax Structure||Zero (0%) Percent Tax on Offshore Profits|
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.