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Get clarity on cryptocurrency and regulation.

Consulting24 has completed 500+ licenses in Estonia and Lithuania.

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Navigating Crypto Tax Regulations: A Guide by Consulting24

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For those eyeing a foothold in the crypto domain, navigating the cryptocurrency and regulation landscape of Lithuania, Estonia, and Dubai is vital. Each locale presents a distinct blend of legislative specifics and entrepreneurial opportunities:
 

🔹 Lithuania:

  • Efficient crypto licensing: A passport to the broader European market.

  • Capital requirements: 125,000€ upfront, 31,250€ (25%) immediately, balance over a year.

  • Operational freedom: Virtual office and universal directorship permitted.

  • Minimal regulatory hurdles: No mandated audits, yet an AML officer is a must.

  • Prompt process: Licensing completion within 30-60 days.
     

🔹 Estonia:

  • Fiscal allure: Beneficial 0% corporate tax; no enforced dividend handouts.

  • Licensing overhead: Set at 10,000€.

  • Regulatory essentials: Local AML representative and director required.

  • Compliance check: Mandatory periodic audits.

  • For crypto trading platforms: A hefty capital of 250,000€ is non-negotiable.
     

🔹 Dubai:

  • Recognized global financial hub: Apt for robust crypto initiatives.

  • Tax benefits: Zero taxation on crypto transactions and profits.

  • License fees: Spanning from 9,700€ to 24,250€; supervision fee equals half of the primary fee.

  • Ideal for high-end projects: Due to the substantial costs involved.

  • Strong foundation: A 194,000€ capital reserve is obligatory for crypto exchanges.
     

In conclusion, mastering the cryptocurrency and regulation nuances of Lithuania, Estonia, and Dubai is pivotal for attaining unparalleled success in the crypto world. Adapting strategies to these specific regions ensures a prosperous journey.

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Lithuania, Estonia, Dubai: A Comparative Study on Crypto Regulations

Feature
Dubai
Lithuania
Estonia
Cost
20 000€
20 000€
25 000€
License Type & Government fee
1. 9,700€ - Advisory Services & VA Transfer and Settlement Services
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
1. Cryptocurrency exchange license 2. Crypto wallet and custodian services license
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services
No additional fee
10 000€
Audit
May be required by VARA
Not required
Monthly and yearly are needed
Office
Required
Can be virtual
Required
AML (Anti-Money Laundry Officer)
Can be any nationality
Local needed
Local needed
AML monthly salary
5000€
Starting from 1200€
Starting from 2000€
Local director
Can be any nationality
Can be any nationality
Can be of any nationality, but have to live in Estonia
Share capital terms
Immidiately
25% now, 75% within a year.
Immediately
Required share capital
24,250€ (Advisory Services) - 194,000€ (Exchange Services)
125 000€
100 000€ - Crypto wallet and custodian services license. 250000€ - Cryptocurrency exchange license
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Consulting24 Team

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Mardo Soo - CEO

  • LinkedIn

As the chief executive of Consulting24, Mardo stands out with his exceptional expertise in blockchain consulting. His role isn't limited to merely acquiring clients; he excels in building and growing long-term business relationships. His keen insight into the complex nuances of blockchain distinguishes his leadership, solidifying his reputation as a unique force in the industry.

Lena Elvbakken - Founder

  • LinkedIn

As a key architect of Consulting24, Lena has etched a prominent mark in the realm of cryptocurrency and regulation. Her profound insights equip her to guide innovators seamlessly through the intricacies of establishing exchanges and rolling out tokens, especially in crypto-approving environments like Estonia and Lithuania. Lena's pivotal role in simplifying the complexities of crypto exchange launches amplifies Consulting24's influence in driving the global rise of cryptocurrency.

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