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Crypto License in the British Virgin Islands

Top 5 Advantages - British Virgin Islands Crypto License

  1. Tax Free
  2. Crypto-enthusiast jurisdiction
  3. No licensing process and fees
  4. No minimum share capital
  5. Set-up a quick regulated company for DeFi projects or coin issuance
Packages to choose from:
Services
SmallMediumLarge
We prepare all documents and apply properly for the crypto license. This is a one-time fee, there are no recurring fees
Cryptocurrency License
We do the whole registration process, including the preparation of all needed documents, communication with state authorities and notaries
Incorporation
You do not need to visit this jurisdiction personally to incorporate - this will save time and money
Remote incorporation
You receive from us a legal address for your company, thus, no need to rent/buy a physical office
Legal address for 1 year
We act as the contact person between you and the authorities, who speaks the language and communicates with the license issuer
Contact person in the country
You grant us a power of attorney to carry out administrative work for you in the jurisdiction with different powers and terms of validity
Long-term POA
We assist you with drafts, templates and concrete examples of how to best prepare the documentation and obtain the according crypto license
Assistance in preparing all documents
We help you to review your business plan, or give you a template of a detailed business plan including charts, schemes and forecasts which you will need to adjust according to your business model
Assistance in preparing your business plan
We assist you in developing the right KYC processes and to implement the right AML-CFT procedures
Assistance in preparing compliance policies
We assist you search for office/warehouse/apartments and sign a rental/purchase agreement
Assistance in finding a suitable office
We assist you in the whole HR process: formulating requirements, advertising job, analyzing suiting candidates, coming to a written agreement
Assistance in employment of resident personnel
We provide you with the complete accounting needed for this jurisdiction, including monthly and yearly statements
Accounting for 1 year
Authenticates the seals and signatures of your official company documents stating the rights and obligations of the entity's members or stakeholders of the company of any form of ownership in accordance with the laws of the jurisdiction
Apostille of documents
A specific amount of hours of legal support by local legal professionals you may use on demand
Additional legal support
We assist you to proprely answer and open a corporate account that suits your business model
Bank account
Price
How to get a Crypto License in the British Virgin Islands?
Register a business company in the British Virgin Islands1.
Prepare the business plan2.
Rent a physical office space3.
Hire a Money Laundering Reporting Officer4.
If applicable: reach out to the FSA for agreement5.
Start your business6.

Suitable for:

  • Custody
  • Fiat to crypto
  • Crypto exchange
  • ICO
  • ITO
  • DeFi project

FSA Agreements for exchanges and money transfer services

  • An agreement by the Financial Services Commission is required to issue security tokens and run any kind of exchange as the SIBA law will be applied (Securities & Investment Business Act)
  • For money transmittance and remittance services, the FMSA law applies (Financing and Money Services Act)
  • Innovative fintechs can «bypass» these agreements by applying to the regulatory sandbox, that will allow them to operate without agreements but with monitoring from the FSC

Requirements

What are the minimum requirements to obtain British Virgin Islands?

A Business Company in the BVI doing crypto-business is monitored by the Financial Services Commission (FSC).

  • A legal entity in British Virgin Islands
  • Local office space
  • Local personnel that receives an official salary
  • Basic business plan
  • One pager describing the exact services planned to be offered in the first few months
  • Certificate of no criminal record from all participants (shareholders, directors, compliance officers), which is not older than 3 months
  • No minimum share capital

Known companies in British Virgin Islands

Bitfinex
Bitfinex

Footballcoin
Footballcoin

Tether (USDT)
Tether (USDT)

FAQ