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 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 licensure 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 Financial Dealers License – Cryptocurrency Package
Establish Vanuatu offshore 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 Vanuatu Finacial Services Commission.
Preparation and drafting of responses to Vanuatu Finacial Services Commission.
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 Vanuatu Cryptocurrency License Experts
Trust our over twenty-five years’ experience in creating innovative solutions for our clients. Contact the cryptocurrency licensing experts at Finlaw to begin the process of obtaining your Vanuatu Cryptocurrency License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.