Gibraltar Cryptocurrency License
A member of the European Union, Gibraltar is widely recognized as an international tax haven. Moreover, the country is well respected by offshore professionals not only for its favorable tax structure but also due to the level of sophistication and development of its financial services sector. Notably, the country is known for the Gibraltar Cryptocurrency License.
Gibraltar is unique in that its economy is based almost entirely on its status as an offshore financial services center. This now includes the blockchain industry, where the Gibraltar Regulatory Authority has issued numerous licenses to blockchain operators. In fact, some of the world’s most notable cryptocurrency exchanges and Initial Coin Offerings have chosen Gibraltar for their licensing jurisdiction.
Gibraltar is an ideal jurisdiction for obtaining a cryptocurrency license. The Gibraltar Regulatory Authority has fostered a flexible framework for Initial Coin Offerings, cryptocurrency exchanges and wallet providers. Moreover, the Gibraltar Cryptocurrency License has maintained a solid reputation in the blockchain community as being one of the preeminent jurisdictions for domiciling a blockchain-related company.
Advantages of a Gibraltar Cryptocurrency License
Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining a Gibraltar 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, Gibraltar offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.
Gibraltar Cryptocurrency License at a Glance
|License||Distributed Ledger Technology Provider|
|Time to License||3 to 4 Months|
|Paid-In Capital Requirement||Varies|
|Tax Structure||Zero (0%) Percent Tax on Offshore Profits|
Gibraltar Cryptocurrency License Package
- Incorporation of Gibraltar offshore corporation
- Arrange for local registered officer and local directors, if required
- Draft corporate bylaws, minutes and owner share issuances
- Establishment of corporate bank account suitable for cryptocurrency exchange operations
- Establishment of merchant service account for accepting credit and debit cards
- Draft requisite business plan, financial statements and financial projections
- Draft requisite Anti-Money Laundering & Know-Your-Customer policies
- Arrange for requisite surety bond
- Prepare and process application for Gibraltar Cryptocurrency License
- Representation before licensing regulatory authority, banks and liquidity providers
Contact the Gibraltar Cryptocurrency License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the cryptocurrency
licensing experts at FinLaw to begin the process of obtaining your Gibraltar Cryptocurrency License today.
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