A crypto license is an official permit that allows businesses to legally operate in the cryptocurrency industry.
AdamSmith law office provides full-scale legal support for crypto licensing:
• Setting up a company and obtaining a crypto license
• Buying a ready-made authorized VASP/CASP company
1000+ crypto licenses successfully obtained with our legal guidance in Estonia, Lithuania, Poland, the Czech Republic and other countries.
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We have collected data in a small table on available jurisdictions for opening a company in Europe with a crypto license (VASP). If you have any questions, please contact us in a convenient way for you, or leave a request on our website.
| Country | Estonia | Lithuania | Poland | Czech Republic |
|---|---|---|---|---|
| Corporate tax | 2% | 15% | 19% | 21% |
| Regulator | Financial Supervision Authority (FSU) | Bank of Lithuania | Financial Supervision Authority (KNF) | Financial Analytical Unit (FAU) |
| Term | 6-9 months | 5-6 weeks | 1-2 months | 3-5 weeks |
| Authorized capital | 50,000 - 150,000 EUR | 50,000 - 150,000 EUR | 5000 PLN | 10,000 CZK |
| Office in the country | Yes | No | No | No |
| Director's Residence | Yes | Yes | No | No |
| Local MLRO | Yes | Yes | No | No |
A European Economic Area jurisdiction that is very supportive of cryptocurrency and has a large number of registered EMIs and operating within its borders. It also has stable legislation close to upcoming amendments to MiCA regulations.
Timeframe: 3 weeks
One-time fee: 4 100 EUR
A global leader in digital innovation, Estonia was the first country that introduced crypto licensing. Nowadays the Estonian crypto license requires a live structure in the country with several requirements, such as a physical office and an AML specialist.
Timeframe: 8 weeks
One-time fee: 15 000 EUR
Ideal for European market-oriented crypto startups, supporting experimental projects; very low requirements, pretty simple and straightforward process of obtaining a cryptolicense.
Timeframe: 3 weeks
One-time fee: 1 500 EUR
Located at the heart of Europe, Poland provides a well-regulated crypto industry, additionally having quite low requirements for obtaining the license.
Timeframe:4 – 6 weeks
One-time fee: 5 500 EUR
A license in Bosnia and Herzegovina allows cryptocurrency companies to operate worldwide, except for countries on the sanctions list (such as North Korea, Iran, etc.).
Term: 2-3 weeks
Prices: 4,000 euros
Slovakia offers a favorable legal framework and a stable business environment, making it an ideal choice for cryptocurrency companies looking for a reliable base in Europe.
Term: 4 weeks
One-time fee: EUR 3,000
Ideal for global crypto businesses looking for tax efficiency and regulatory freedom; SVG offers complete privacy, no corporate taxes, and zero reporting obligations, making it a top choice for agile operations.
Timeframe: 7 business days
One-time fee: 2 200 EUR
Panama has become a preferred offshore jurisdiction for establishing crypto companies, thanks to its friendly regulatory framework and favorable business environment.
Timeframe:2 weeks
One-time fee: 4 500 EUR
Unlike many jurisdictions, Georgia does not impose a minimum capital requirement, making it accessible for startups and smaller businesses.
Timeframe:8 – 12 weeks
One-time fee:14000 EUR
Ideal for globally-focused crypto startups, especially those targeting the Asian market; supports innovative projects with a relatively hassle-free and clear-cut process for obtaining a crypto license.
Timeframe: 5 weeks
One-time fee: Starting at 5,000 EUR
Leave a request for a detailed consultation on choosing the right jurisdiction for you to open a crypto company
Submit your applicationWe provide company registration services, cryptocurrency and financial licensing services, accounting support services, business consulting, and we also offer solutions for establishing classic and cryptocurrency funds.
We are a team of professional consultants, lawyers and financiers specialising in corporate law. Our aim is to help entrepreneurs develop FinTech and cryptocurrency businesses within the EU.
Our employees are always aware of the latest changes in the financial and corporate legislation of the European Union.
We have been in the market
of corporate services since 2011
Individual approach and high quality of interaction with clients
Successfully obtained for crypto companies and FinTech projects
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