Vanuatu Cryptocurrency License
The Republic of Vanuatu is an island located in the South Pacific long known as an international offshore financial services center. The Island is a parliamentary democracy with a strong constitution. A former protectorate of Great Britain, the primary language of Vanuatu is English. While the Vanuatu dollar is the official recognized currency of the nation, the United States dollar is widely recognized and accepted. All major international currencies are supported in Vanuatu by a stable and robust banking system. As an early blockchain adopter, the island nation is well known for the Vanuatu Cryptocurrency License.
As an offshore financial services center, the Republic of Vanuatu is widely respected and recognized. The nation boasts a no tax regime on offshore profits and only a minimal stamp duty on domestic share transfers. As an asset protection haven, the island offers significant hurdles to affixing liability, including a restriction against the domestication of foreign judgments. For such reasons, sophisticated financial services organizations have flocked to the small, yet exceedingly stable, island nation.
The Republic of Vanuatu is an ideal location for promoters of Cryptocurrency businesses. Vanuatu offers a Financial Dealers License which covers all related cryptocurrency trading activity, including establishing a cryptocurrency exchange suitable for both utility and security tokens. The Vanuatu Cryptocurrency License is recognized world-wide and many top cryptocurrency exchanges are becoming licensed in Vanuatu. In addition, the process of obtaining a license is both cost effective and can be accomplished quickly.
Advantages of a Vanuatu Cryptocurrency License
Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining a Vanuatu 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, Vanuatu offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.
Vanuatu Cryptocurrency License at a Glance
|License||Financial Dealers License|
|Time to License||3 to 4 Months|
|Capital Requirement||Approx. $40,000|
|Tax Structure||Zero (0%) Percent Tax on Offshore Profits|
Vanuatu Cryptocurrency License Package
- Incorporation of Vanuatu 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 Vanuatu Financial Dealers License
- Representation before licensing regulatory authority, banks and liquidity providers
Contact the Vanuatu Cryptocurrency License Experts
Trust our over twenty-five years’ experience in creating innovative solutions for our clients. Contact the cryptocurrency
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