Consulting24 Costumers
Government Regulation and Crypto: A Comparative Study of Lithuania, Dubai, and Estonia
Recognizing the role of government regulating crypto is vital for anyone contemplating a cryptocurrency business, especially in jurisdictions such as the EU, Lithuania, and Estonia. This recognition aids entrepreneurs to maneuver diverse regulatory landscapes, evaluate distinct opportunities and challenges each region offers, and align them to their business goals.
In the EU, Lithuania emerges as a promising choice with its effective crypto licensing process and pathway to the wider European market. Yet, it's crucial to fully comprehend the total expenses related to obtaining and sustaining the license, including legal, compliance, and operational costs.
Estonia, with its enticing 0% corporate tax rate, is an attractive spot for emerging crypto entities within the EU. However, an exhaustive cost-benefit analysis is crucial to ensure the financial advantages outweigh the costs involved in securing the license and maintaining regulatory compliance.
In the vibrant world of cryptocurrency, a thorough understanding of how government regulating crypto in the EU and jurisdictions like Lithuania and Estonia can provide feasible alternatives. Each region provides a unique fusion of regulatory benefits and entrepreneurial opportunities.
Lithuania vs Estonia vs Dubai: A Comparative Analysis of Crypto Regulations
Feature | Lithuania | Estonia | Dubai |
|---|---|---|---|
Total Price | 20,000€ | 25,000€ | 20,000€ |
License type and government fee | 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 10,000€
1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. 9,700€ - Advisory Services & VA Transfer and Settlement Services |
No additional fee | 2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services | ||
Required share capital | 125,000€ | 250,000€ - Cryptocurrency exchange license
100,000€ - Crypto wallet and custodian services license.
| 24,250€ (Advisory Services) - 194,000€ (Exchange Services)
|
Share capital payment | 25% to start (31,250€), 75% within a year.
| Immediately | Immidiately |
Renewal fee | None | None | 50% of Government fee |
Supervision fee | None | None | 20,000€ - 50,000€ |
Audit | Not required | Both monthly and yearly audits are necessary | VARA may mandate its need |
Office | Virtual | Must have | Must have |
AML (Anti-Money Laundry Officer) | Local | Local | Can be any nationality |
AML monthly salary | Starting price point: €1,200 | Starting price point: €1,200 | Starting price point: €5,000 |
Local director | Any nationality | Open to all nationalities, but living in Estonia is required. | Any nationality |
Consulting24 Team
Mardo Soo - CEO
As the CEO of Consulting24, Mardo displays unrivaled acumen in the sphere of blockchain consulting. His role outperforms the usual limits of client cultivation, leading to the origination and growth of lasting business associations. His talent for deciphering the complex facets of the blockchain cosmos magnifies his exceptional leadership abilities, marking him as a unique entity in the industry.
Lena Elvbakken - Founder
As a co-founder of Consulting24, Lena has made substantial strides in the field of government regulating crypto. Her comprehensive understanding enables her to adeptly assist innovators through the complicated procedures involved in establishing exchanges and initiating token offerings, especially in crypto-receptive regions such as Estonia and Lithuania. Her crucial role in simplifying the complex procedure of kickstarting a crypto exchange highlights Consulting24's masterstroke in advancing the global growth of cryptocurrency.
