Where is the best offshore / onshore country for a company trading crypto?

[Spinat]

I need to know what is the best and cheapest country to incorporate my crypto business to?

The idea is to trade crypto on behalf of 3rd party but it's a business only 3 months old so I have limited capital, say 40K euro to get this started.

Where can I obtain a license for crypto business. I will take 3rd party money and exchange it to crypto and the opposite.

It requires a license, so far so good, Belize charge US$ 100,000 as fars as I can read from last years post. Switzerland will cost at least the same to get anything licensed there!

Costa Rica is a SCAM in regards to license, so what is left here?

please help.

 

[JohnLocke]

Well, I would look for a Belize license it seems that it's the place where people are going for such if they can't pay for something in Switzerland.

The USA would be another suggestion but I believe it is difficult as an foreigner and if you don't live there!

 

[Spinat]

anyone else has something to suggest please

 

[blizz]

I believe you want to have a look at AdvCash and Mistertango and do some in deep research on what bank they are using! Be prepared to do large deposits.

 

[Yaroslav]

We launched our crypto exchanger in Estonia. You need a license to work with crypto on behalf of your clients in Estonia.

It costs really cheap (state fee is about 350 EUR), and it can be obtained fully remotely (if you have e-residency).

But the Estonian authorities require a whole bunch AML and KYC documents, which we have been preparing for like 3 months.

 

[theman78]

We launched our crypto exchanger in Estonia. You need a license to work with crypto on behalf of your clients in Estonia.

It costs really cheap (state fee is about 350 EUR), and it can be obtained fully remotely (if you have e-residency).

But the Estonian authorities require a whole bunch AML and KYC documents, which we have been preparing for like 3 months.

Exchanger link?

 

[diablo]

link to website? You are advertising a service here!! post reported.

 

[Yaroslav]

link to website? You are advertising a service here!! post reported.

Activity licence for the provision of financial services | Eesti.ee

Here is the link where you can find the necessary information.
And I am not promiting our services, I have just mentioned that we have an experience in obtaining this kind of license.

 

[negon]

Activity licence for the provision of financial services | Eesti.ee

Here is the link where you can find the necessary information.
And I am not promiting our services, I have just mentioned that we have an experience in obtaining this kind of license.

thank you, very help ful, will have a look at it. And you say it's easy to apply for and the banks accept this license right?

 

[theman78]

Activity licence for the provision of financial services | Eesti.ee

Here is the link where you can find the necessary information.
And I am not promiting our services, I have just mentioned that we have an experience in obtaining this kind of license.

Do you offer setup services for these kind of setups?

 

[JohnLocke]

Activity licence for the provision of financial services | Eesti.ee

Here is the link where you can find the necessary information.
And I am not promiting our services, I have just mentioned that we have an experience in obtaining this kind of license.

I assume you are in crypto business and that's what you are referring to!

 

[Samuel Newman]

Estonia is a good choice for that kind of business

 

[Samuel Newman]

Other than the service above, does anyone offer an offshore Belize or Estonia Business and banking setup or can you recommend someone that may offer such a service?

I was going to get a Bank account in Estonia but you must meet up with them in person before they can go ahead.

Belize will cost a lot in comparison to Estonia and it is better to have EU company for such busines (only my opinion)

I had experience with Tallinn Business Bank, they can check your documents before visit, but visit is neccessary anyway and the process takes a lot of time

 

[Samuel Newman]

Thanks for letting us know. By a lot of time are we talking 3 to 5 months? Cyprus bank seems to be taking nearly as long as that at the moment.

It took 3 months last time

 

[diablo]

It took 3 months last time

seems you spam f**k the forum hard!

 

[happyjohn]

If someone knows how to obtain a valid license in Estonia for crypto trading please reply here. I believe some replies above are nonsense!

 

[MERGER]

In case someone knows where to open a merchant account AND current account for Estonian company with crypto-license would appreciate that! As the company has non EU resident director and shareholder, the Estonian banks refuse to open an account. So I am looking for a solution.

 

[negon]

Belize will cost a lot in comparison to Estonia and it is better to have EU company for such busines (only my opinion)

please put some figures on the table to compare if you know anything.

Estonian company with crypto-license

where did you get this setup? company / agent name would be appreciated?

 

[krabi]

Crypto Company with crypto licence in Estonia cost a bit over 3000 eur and takes about 3 months.
But still that is not helping with bank account, even LVH (sort of crypto friendly) don't want to open an account.

 

[MERGER]

please put some figures on the table to compare if you know anything.


where did you get this setup? company / agent name would be appreciated?

Cryptocurrency Exchnge License but there are a couple of companies that help with this.