What are the most friendly countries with cryptocurrencies financial company?

[AlbertBr]

I know Switzerland and Estonia have cryptocurrency licenses, for ICO, exchanges, trading, etc. Are there other countries? Vanuatu? Malta? Georgia? EAU? Bermuda?

 

[CaptK]

all if the offshore jurisdictions have a form of licence regarding crypto as its a good earner.

Mauritius, Seychelles, BVI, Panama and Costa Rica have got one within the financial licence Broker Dealer and Epayment licence.

Cost between 10K-35K plus disbursements

Last edited: Aug 23, 2020

 

[JimBeam]

Gibraltar also has crypto license... not a cheap solution... (I'm not in crypto but talked to some ppl and they told me it costs €50k+ for the initial setup)

 

[Praetorian]

Estonia used to be a good hub but since AMLD5 you'll be branded a criminal enterprise until you prove the government otherwise even if you have their "license". Furthermore most of the banks there will refuse to deal with you unless you got serious money to begin with. Tax wise it's pretty good compared to most other european nations, if your country has a double tax treaty with them it's even better. However i wouldn't go there unless i had serious cash to work with or else i'd get the clown treatment where ever i go. If you do have the cash, and plan to physically relocate, Estonia is definitely a good option, given the large pool of cheap developers, proximity with europe, access to EU banking, and decent taxation.

I would avoid Seychelles and Mauritius unless you plan to set up shop there with a real office. Many crypto companies set up shop in the Seychelles and then opened subsidiaries in their home countries to access banking but it's an expensive process, especially given the licensing involved.

 

[biz1]

Praetorian said:
Estonia used to be a good hub but since AMLD5 you'll be branded a criminal enterprise until you prove the government otherwise even if you have their "license". Furthermore most of the banks there will refuse to deal with you unless you got serious money to begin with. Tax wise it's pretty good compared to most other european nations, if your country has a double tax treaty with them it's even better. However i wouldn't go there unless i had serious cash to work with or else i'd get the clown treatment where ever i go. If you do have the cash, and plan to physically relocate, Estonia is definitely a good option, given the large pool of cheap developers, proximity with europe, access to EU banking, and decent taxation.

I would avoid Seychelles and Mauritius unless you plan to set up shop there with a real office. Many crypto companies set up shop in the Seychelles and then opened subsidiaries in their home countries to access banking but it's an expensive process, especially given the licensing involved.
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Praetorian, avoiding Mauritius is this specifically for crypto or generally, do you have experience of Mauritius?