In the past 10 years, the cryptocurrency economy has seen a boom that has never been seen in other industries. Such growth has led the European Union to seek a way to regulate this economy that moves more than 100,000 million euros. In this article, we provide you with more information about cryptocurrencies and we give you clues to know where to invest in cryptocurrencies.

In record time, Malta, Estonia and Switzerland have opened their legal borders to attract companies and new investors in blockchain technology and the cryptocurrency business. According to the statistics and Eman Pulis (CEO of SIGMA) declarations, the companies where the activities are related to the cryptocurrency, have difficulties opening a bank account in Malta, plus the time frame to receive the authorization are around 9 months instead of 6 months. Estonia and Switzerland continue to gain momentum in attracting companies from these industries

Comparison of favourable jurisdiction for starting a crypto-business

We now share a comparative table of the advantages and disadvantages of each country regarding the cryptocurrency issue.

	License in Malta	License in Switzerland	License in Gibraltar	License in Estonia
Issue time	6 months	6 months	4 months	2 months
Share capital	730.000 €	300.000 CHF	35.000 GBD	12.000€
Office requirement	Mandatory	Mandatory	Mandatory	Mandatory
Resident director	Mandatory	Mandatory	Mandatory	Mandatory
Employees	Min.3	–	–	–
Licence validity	Annual	Annual	Annual	Termless
Income tax	35%	12%	10%	0%

Choosing the right jurisdiction to invest in cryptocurrency is not something simple. That is why Mundo Offshore’s team of experts is at your disposal to answer your questions and offer you personalized support. Contact us now!