Jurisdictions for creation crypto exchange: Malta, Switzerland, Estonia. What to choose?
A very important step, when creating a crypto exchange is choosing a favorable jurisdiction that helps to develop a cryptobusiness and obtaining the desired profit.
We have selected the most appropriate jurisdictions for creating a crypto exchange. So, let’s consider them.
The advantages of this jurisdiction for creating a crypto exchanges are:
- the presence of the English version of the legislation, governing the creation of a crypto exchange in Malta;
- active state protection of both service providers in Malta and consumers;
- financial and political stability of Malta;
- loyalty of the financial regulator of Malta;
- Malta is successful and trusted jurisdiction for creating a crypto exchange;
- Malta’s attractive tax regime, for example, income tax is 5%.
Estonia is one of the attractive jurisdictions for creating crypto exchanges. The advantages of this jurisdiction are:
- short time for registering a crypto exchange company for crypto-activity and for obtaining a suitable license;
- low cost of a license to create a crypto exchange in Estonia;
- favorable legislation for registration of crypto exchange and performing crypto-activity in Estonia;
- loyalty of the financial regulator regarding to the activities of crypto exchange in Estonia;
- the absence of requirement for the obligatory presence of EU citizenship when creating a crypto exchange in Estonia;
- absence of income tax and non-application of VAT to cryptocurrency in Estonia;
- availability of special licenses regulating cryptocurrency activities: a license for the provision of virtual currency exchange services for fiat funds, a license for the provision of e-wallets for storage.
Switzerland is creating a favorable environment for crypto exchanges and developing a cryptocurrency-related business. Switzerland, as a jurisdiction for creating a crypto exchange, is positioning itself as a technically advanced country, ready to interact in a crypto environment.
The advantages of Switzerland as a jurisdiction for creating crypto exchange are:
- loyalty and interest of the financial regulator in opening crypto exchanges in the territory of the richest canton of Switzerland Zug, as well as throughout the country;
- a simplified procedure of opening bank accounts for crypto exchange registered in Switzerland;
- political and economic stability of Switzerland;
- orientation of the financial regulator to the protection of a foreign investor in Switzerland;
- optimal taxation in Switzerland.
A team of SBSB professionals will help you choose the best option, taking into account the peculiarities of your activity and your wishes. For over five years we have been advising our clients in the areas of corporate law, international tax planning, finance, international licensing and comprehensive business support in more than 40 countries.
We will be happy to help you.