Crypto license Malta has a lot of advantages. Firstly, this was the first European country that began to develop rules for regulating cryptocurrencies. It has already created the legal framework, which means that drastic changes should not be expected. This jurisdiction demonstrates a progressive approach to regulating the crypto industry, which appeals to many crypto enthusiasts.
Secondly, this jurisdiction has prestige and worldwide recognition. If you get a work permit here, it will be much easier for you to attract new clients and investors, as they know they can resolve all disputes in the legal field.
Thirdly, VAT does not apply to cryptocurrency exchange transactions, but you must pay this tax if you pay for goods or services using such assets.
This country has excellent economic performance and an excellent investment climate. There is no unnecessary bureaucracy and corruption here, so doing business here is more straightforward than anywhere else. In general, if you want to open a company in a progressive country where you can actively develop your business and attract new clients and investors, then this country will be an excellent solution for you.
It will be challenging to open a business in this country. To begin with, you need to carefully consider the business model, what services you plan to provide and how you will finance it. You must think through the activities of your organization to the smallest detail. Please analyze the market in advance and look at the advantages and disadvantages of your competitors.
Creating software to store users’ assets and execute transactions would be best. When developing this product, you need to consider tools for data verification and combating money laundering, fraud, and financial terrorism. Particular attention must be paid to security issues. It would help if you also created a large repository to store a large amount of customer and transaction data.
Now you can register your company in the chosen jurisdiction. All documents can be submitted remotely.
To get a work permit, you need to collect the necessary papers and check whether your organization is ready for licensing and meets all the requirements of state regulators. Please involve third-party specialists in this so that there is an outside view.
You also need to open a bank account and pay the state fee. Although the crypto business has many risks, local banks open accounts for organizations without problems.
You also need to rent an office and hire local specialists. Particular attention should be paid to the selection of personnel. Employees must have specialized education, work experience in the relevant position, and an impeccable reputation. The office should store all documents on the work of the organization.
After the preparatory stage is completed, you can apply for a permit. Government authorities have several months to study your company’s activities and decide. If they have questions, they can contact you with a formal letter so that you can fix minor violations. In this case, the term for consideration of your application may be extended.
As you can see, it is challenging to go through all these stages without qualified assistance, so we advise you to seek help from our specialized lawyers.
If you want to get a work permit to use Malta cryptocurrency, you can contact our organization’s specialists. They will conduct a full consultation and tell you how to make your company meet the requirements of government agencies.
They will also help you with paperwork and find suitable office and local specialists.
To work legally in the EU, you must obtain a work permit in a prestigious and globally recognized jurisdiction. There are remarkably progressive rules for regulating the crypto industry, which will allow your business to develop actively and attract investors. Our specialists will be able to accompany your organization at all stages of licensing, which will enable you to obtain a work permit as soon as possible.
Yes, this jurisdiction was one of the first to take steps to regulate the crypto industry, and today has achieved excellent results.
To register an organization, you must collect a package of documents and apply to the relevant state authorities. Our experts will help you organize the necessary papers and represent your interests in government agencies.
Yes, this jurisdiction issues financial licenses, including crypto organizations.
On average, the licensing process takes 3 to 4 months, provided that you prepare all the documents in advance and create an organization, considering government agencies’ requirements.