The crypto business is gradually coming out of the shadows and starting to work legally, allowing the industry to develop more actively. You can obtain a crypto license in Slovakia to work legally in EU countries. This country has developed straightforward rules for regulating cryptocurrencies, and securing permission takes only a few months.
Why should you get a crypto license?
A crypto license is the best confirmation that your company is operating honestly. So, if you are engaged in the storage or exchange of cryptocurrencies, then you need to register a company and obtain a work permit from specialized government agencies.
Getting cryptocurrencies has several advantages:
- Avoids blocking due to government regulation;
- Helps to attract new clients;
- Increases the level of trust between partners;
- Allows you to create various promotions to attract the attention of new users.
So, unlicensed crypto companies are immediately recognized as fraudsters, so government agencies block their sites. It leads to the fact that the business model immediately collapses, and standard work becomes impossible.
Crypto enthusiasts prefer to work only with licensed companies, as they know their reliability. The fact is that there are a large number of scammers on the market, and no one wants to become their victim.
The same applies to business partners. Investors and developers often refuse to cooperate with unlicensed platforms, as they believe they are not worthy of attention and intruders.
The easiest and most reliable way to attract new customers is to hold various promotions and publish information about the company’s work on different sites. But, if you don’t have a license, you can’t actively advertise your organization, as this could attract the attention of regulators, who will block your site.
Thus, you must obtain a license if your company wants to work and develop steadily. Otherwise, your business is doomed to fail.
The process of getting a crypto license in Slovakia
Slovakia, like in many other EU countries, has specific conditions for obtaining a license. So, you need:
- Register a company in Slovakia;
- Declare your desire to engage in crypto businesses;
- Pay fees;
- Create a bank account;
- Collect a package of documents;
- Apply for a license.
This process takes about 3 months if all documents are in order (2-3 weeks – paperwork; 2 weeks to receive a bank account; 3-4 weeks to consider an application for a license). If you want this process to go as quickly as possible, you should contact the specialists of our company.
Company Requirements
Slovakia does not impose complicated rules for applicants. You can easily create a company that will match them. Among the most critical points are:
- Absence of criminal records of the owner and shareholders;
- The authorized capital of more than 5 thousand euros;
- The owner of the company must be a resident of Slovakia or the EU;
- The company must comply with the KYC policy and some others.
Crypto wallets and exchanges are subject to licensing. The choice of license depends entirely on the features of the work. Usually, there are no particular problems with obtaining a license in this jurisdiction if you want to work openly and are ready to abide by the rules. You must have good security to protect your customers from hacker attacks and loss of personal data.
Services of our company
Our company employs a large team of professionals with extensive licensing experience. They are well aware of the peculiarities of the work of the licensing state bodies in Slovakia, so they will help you get a permit as quickly and efficiently as possible.
Among the most popular services of our company are:
- Full consultation, answers to all your questions;
- Verification of the company’s compliance with the requirements of the jurisdiction;
- Assistance in the collection of documents (and verification of how correctly they are filled out);
- Assistance in drawing up a business plan;
- Representation of your interests in state bodies.
So, your company must issue a power of attorney to our specialists, who will handle all the complex work of registration and licensing.
