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Malta is one of the most respected and forward-looking jurisdictions for cryptocurrencies, gambling, and FinTech. Not surprisingly, an immense number of international banking and financial institutions are registered in Malta, with the financial services making up 12% of its GDP.
Today Malta is increasingly appealing for major cryptocurrency players. In this article, we will talk about how to obtain the Maltese cryptocurrency license and discuss its benefits.
The Maltese cryptocurrency license is a great solution for large crypto projects that value their reputation. Malta regulates the ICO (Initial Coin Offering) process by requiring whitepaper registration, meaning that all of your operations will be in the “white zone”, which provides additional assurance for users and investors.
Malta’s tax system is transparent and friendly – there is a tax refund process for non-residents in Malta. Do remember that tax rates are quite heavy, e.g. personal income tax may be as high as 30%.
With the Maltese cryptocurrency license, one can set up accounts with banks in Switzerland, Germany, and Lichtenstein. A curious fact: it is extremely difficult to open an account with a Maltese bank due to the internal perception of cryptocurrencies by the banking system.
The benefits include:
The licensing process in Malta involves the following steps:
The Maltese cryptocurrency license will be perfect for crypto-asset projects which are targeting the international market and looking for clear and sustainable regulation rules.
Our lawyers will pick the best jurisdiction for your cryptocurrency project and will help realize it.
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