Crypto License in Philippines
Everything you need to know about the crypto license in Philippines.
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Get a free consultation nowGeneral information about the Philippines Crypto License
STEP 1 OF 3
What digital asset services can I offer with a crypto license in the Philippines?
- Custody
- Fiat to crypto
- Crypto exchange
STEP 2 OF 3
Who regulates crypto companies in the Philippines?
The Monetary Board of the Philippines’ Central Bank provides the certificate to deliver virtual asset services
STEP 3 OF 3
What are the minimum requirements to obtain a crypto license in the Philippines?
- A company registered in Philippines
- A detailed business plan including charts, schemes and forecasts
- Local substance: an office space with domestic employees
- A specific set of required internal risk policies according to local AML laws
- Description of services offered to customers within the first 3-9 months after granting of license
- Certificate of no criminal record from all participants (shareholders, directors, compliance officers), which is not older than 3 months
- A raised share capital
Your expert for this topic
Lead Corporate Consulting Specialist
Lead Corporate Consulting Specialist, delivering corporate advisory and regulatory strategy across crypto, FinTech, trading, and international corporate structuring verticals for clients worldwide.
Cost of Crypto License in Philippines
Pricing for registration of Philippines Crypto License
MOST POPULAR
| Compare plans | ||
|---|---|---|
| Initial consultation with an expert | Included | Included |
| Turnkey Company Formation | Not included | Included |
| Registration as VASP with the Regulator | Not included | Included |
| Registered legal company address for 1 year | Not included | Included |
| Basic (mandatory) AML/KYC Policy | Not included | Included |
| Full communication with VASP Issuing authority for obtainment of authorization | Not included | Included |
| Translated and apostilled set of corporate documents | Not included | Included |
| Assistance in opening Business account for crypto operating activity | Not included | Included |
| Assistance in formulating requirements, finding, interviewing and written agreement with AML/MLRO for your crypto company | Not included | Included |
WHICH JURISDICTION AND LICENSE TO CHOOSE FOR YOUR PROJECT
Alternatives to a crypto license in Philippines
Our team has curated the following jurisdictions as being worthy alternatives to a crypto licensed company in Philippines
PolandCrypto License in Poland
from 3.650 €
- Fastest licensing process
- Lowest price
- Available ready-made companies
SingaporeCrypto License in Singapore
on request
- Elite finance country
- Prestigious
- Provide electronic money
No offers are listed for this selection.
Licensing Process in Philippines
What is the procedure to obtain a crypto license in the Philippines?
STEP 1 OF 6
Register a company in the Philippines.
STEP 2 OF 6
Prepare a business plan and your corporate structure.
STEP 3 OF 6
Redact an application letter.
STEP 4 OF 6
Upon confirmation of eligibility of your project, provide the necessary documents.
STEP 5 OF 6
Receive Notice of Approval and pay the registration fee.
STEP 6 OF 6
Receive the Certificate of Registration and start your business.
STORIES OF OUR CLIENTS AND HOW THEY WENT BEYOND WITH OUR ASSISTANCE
They knew better and trusted us, they tell about their experience
A perfect fit for our business. I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
Best for Crypto Licenses. Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Fast and Reliable. Quick set-up and straightforward process. It was a smooth process, we are happy to have chosen LegalBison as our Partner for incorporations, globally.
Reliable Partner. We are happy to cooperate with LegalBison for more than 2 years and during this time they definitely secured a reputation of very professional and reliable partner. Great knowledge, competence and good attitude. Keep up the good work!
About Crypto License in Philippines
The right path forward, regardless of project stage
Yes. Substance has to happen within the Philippines. It includes renting an office and employing a local company director.
Yes. Though it is never a certitude in such a fast moving industry, opening a bank account for a Philippines crypto company is possible.
Yes. If your Philippines crypto company is granted the necessary authorizations, you will be able to provide multi-currency accounts for your clients.
Yes! We are able to design a business plan for any kind of business venture. We have experience dealing the granting authority and we know their expectations from applicants.
No, only individuals from blacklisted countries (f.e. North Korea), will not be able to proceed with that license.
Yes, this is possible, but in any ways the authorities of the Philippines requires a certificate of no criminal record (also of a legal entity). We recommend to stick to individuals.
Yes. With initiatives such as the opening of the Cagayan Economic Zone, with a dedicated authority (CEZA) for FinTechs and blockchain companies, Philippines is highly regarded for cryptocurrency businesses.
Information on this page is general and may change as regulations change. It isn’t legal, tax, or investment advice. Contact us for advice on your situation. Read our full disclaimer.
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