Croatia
The Croatian government has recently legalized cryptocurrency activity in the country. Exchanges and platforms where cryptocurrency can be traded have been opened. Cryptomats appeared to exchange ICOs for real money. Companies and individuals were able to pay with cryptocurrency for goods, if the seller agrees to accept it.
Also, Croatia began issuing a license to work with cryptocurrency, which opens up a lot of prospects. Having received a license, a legal entity can work in all markets in Europe, both small and large companies.
The license in Croatia covers two types of activities:
- crypto exchange (fiat to cryptocurrency exchange services, cryptocurrencies to fiat, and cryptocurrencies to cryptocurrencies);
- custody service provider (custody services - storage of clients' funds in cryptoassets).
Advantages of the jurisdiction:
- Small authorized capital - 20,000 HRK (about 2,700 EUR).
- Remote procedure of getting license.
- No requirements for audit.
- No limits for turnover in license.
- Advantageous tax rates - only 10% for earning less than 1 million EUR.
Requirements for cryptocurrency license in Croatia:
- Minimum registered capital is 20,000 HRK (about 2,700 EUR).
- A minimum of one director is required, EU resident with experience in the financial sector.
- Local director needs to have official income not lower than minimum Croatian level (about 800 EUR).
- Availability of AML/CTF officer (appointed at the stage of company start-up, after obtaining license).
- It is necessary to obtain a local tax number.
Taxation:
The standard tax rate for a legal entity is 18%. This rate can be reduced to 10% if the income of the legal entity is less than 7.5 million HRK (about 1 million EUR).
The company pays tax only if it transfers cryptocurrency into local money and withdraws it to the account. Cryptocurrency transactions themselves (exchange of one cryptocurrency for another) are not taxed.
How to get a cryptolicense in Croatia
To open a company and get a license to work with cryptocurrency, contact our company. We closely monitor the situation in the country, we know about all the changes in the market, so we will help you quickly collect all the necessary documents.
Our services include:
- Preparation and filling out all applications for a cryptocurrency license.
- Preparation of a package of documents.
- Assistance in filling out questionnaires and other mandatory forms for obtaining a license.
- Advice on how to obtain a license to work with cryptocurrency in Croatia.
For more detailed information and cost clarifications please contact IT OFFSHORE specialists. We guarantee success!
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
