In recent years, blockchain technology and cryptocurrency exchanges are revolutionizing the financial sector. More entrepreneurs and investors are showing interest to start a blockchain company. When it comes to blockchain and cryptocurrency, Estonia provides seamless business opportunities for entrepreneurs and investors. However, to successfully establish your business, legalization of your cryptocurrency exchange is important. For this, you need to have the Estonia crypto exchange license. The process of applying for the cryptocurrency license is quick and easy in Estonia, thereby providing the businesses with numerous benefits.
Having the cryptocurrency license enables the investors and entrepreneurs to enjoy various corporate tax exemptions that are levied on reinvested profits. It also allows them to easily access the different government services and connect with or set up EU bank accounts without much hassle. Here are some of the prominent benefits of applying for the crypto exchange license in Estonia.
- Simple and Easy KYC Process
While availing cryptocurrency license, one of the major challenges faced by most businesses is completing the KYC process. Client onboarding can be daunting for businesses. However, this is not the case in Estonia. Based on different jurisdictions, the KYC process or client onboarding process can be time-consuming and may require some additional efforts. In certain cases, it may result in delays and even forgoing of the account application process. But in Estonia, the KYC (Know Your Client) process and rules are comparatively easy and not like the other Europe regions. This enables the entrepreneurs and investors to easily complete the entire KYC process in much less time and avail the cryptocurrency license.
- No Physical Office is Required
Another major benefit of applying for the crypto exchange license in Estonia is that you can easily receive the license even without having a physical office space. When it comes to local employment, the Estonia FIU requires only a single director of the blockchain company to be based in Estonia physically. The minimal requirement enables the entrepreneurs and investors to get the license granted much quickly. Moreover, the operating costs involved in obtaining the cryptocurrency license in Estonia are much less in comparison to the other European region. All you need to ensure is the local presence of a single director of the company.
- Relatively Small Paid Up Capital
When applying for Estonia crypto exchange license, one of the main concerns of businesses is the need for a significant amount of paid-up capital. However, Estonia offers significant benefits in this case also. For entrepreneurs who desire to enter the exchange market, availing the license in Estonia is the best option. With a reasonable capital commitment, getting the licence becomes easy and stress-free for the new business owners.
The process of applying and availing the crypto exchange license is quite simple, easy, and quick in Estonia in comparison to other European regions. This attracts more entrepreneurs and investors to apply for the license in Estonia easily. With the license, you can ensure the legalization of your cryptocurrency exchange and enjoy better profits for your business.
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