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JURISDICTIONS FOR CREATION CRYPTO EXCHANGE: MALTA, SWITZERLAND, ESTONIA. WHAT TO CHOOSE?

posted 5 years ago

A very important step, when creating a
crypto exchange is choosing a favorable jurisdiction that helps to develop a
cryptobusiness and obtaining the desired profit.

We have selected the most appropriate jurisdictions
for creating a crypto exchange. So, let’s consider them.

MALTA

The advantages of this jurisdiction for creating a
crypto exchanges are:

– the presence of the English version of the
legislation, governing the creation of a crypto exchange in Malta;

– active state protection of both service providers in
Malta and consumers;

– financial and political stability of Malta;

– loyalty of the financial regulator of Malta;

– Malta is successful and trusted jurisdiction for
creating a crypto exchange;

– Malta’s attractive tax regime, for example, income
tax is 5%.

ESTONIA

Estonia is one of the attractive jurisdictions for
creating crypto exchanges. The advantages of this jurisdiction are:

– short time for registering a crypto exchange company
for crypto-activity and for obtaining a suitable license;

– low cost of a license to create a crypto exchange in
Estonia;

– favorable legislation for registration of crypto
exchange and performing crypto-activity in Estonia;

– loyalty of the financial regulator regarding to the
activities of crypto exchange in Estonia;

– the absence of requirement for the obligatory
presence of EU citizenship when creating a crypto exchange in Estonia;

– absence of income tax and non-application of VAT to
cryptocurrency in Estonia;

– availability of special licenses regulating
cryptocurrency activities: a license for the provision of virtual currency
exchange services for fiat funds, a license for the provision of e-wallets for
storage.

SWITZERLAND

Switzerland is creating a favorable environment for
crypto exchanges and developing a cryptocurrency-related business. Switzerland,
as a jurisdiction for creating a crypto exchange, is positioning itself as a
technically advanced country, ready to interact in a crypto environment.

The advantages of Switzerland as a jurisdiction for
creating crypto exchange are:

– loyalty and interest of the financial regulator in
opening crypto exchanges in the territory of the richest canton of Switzerland
Zug, as well as throughout the country;

– a simplified procedure of opening bank accounts for
crypto exchange registered in Switzerland;

– political and economic stability of Switzerland;

– orientation of the financial regulator to the
protection of a foreign investor in Switzerland;

– optimal taxation in Switzerland.

A team of SBSB professionals will help you choose the
best option, taking into account the peculiarities of your activity and your
wishes. For over five years we have been advising our clients in the areas of
corporate law, international tax planning, finance, international licensing and
comprehensive business support in more than 40 countries.

We will be happy to help you.

 

Author

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