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In this fast-paced world of cryptocurrency, regulatory clarity ensures businesses thrive and provides a secure and confident environment for maintaining compliance. A crypto license in Gibraltar or DLT (Distributed Ledger Technology) license, issued by GFSC (Gibraltar Financial Services Commission), is a key to security for crypto market participants. It helps businesses thrive without any legal complications, providing a solid foundation for cryptocurrency ventures.
One of the distinctive features of setting up a company with cryptographic operations in Gibraltar is one of the most suitable business hubs that’s attracting crypto firms worldwide. With its well-organized business infrastructure, flexible, beneficial taxation systems, and smooth crypto license processes, this place is heaven for crypto businesses.
One of the key pieces of legislation regulating DLT activities in Gibraltar is the Financial Services Act. Up until recently, it consisted of nine regulatory principles, but recently, the 10th principle has been added to it. The purpose of this regulatory principle is to prevent any form of insider trading along with price and information manipulation. This newly introduced principle also obligates crypto providers to continue their economic activities with integrity in the market to maintain its reputation.
As per the Financial Services Act, a for crypto services providers Gibraltar crypto licence is granted under Section 8 of the 10th regulatory principle. It states providers to carry out their economic activities in a controlled manner.
According to the GFSC, every licensed crypto business must adhere to the following regulatory principles:
Although Gibraltar is no longer part of Europe, as it left the EU along with the UK, its AML regulations remain intact. The AML regulation is still effective along with the EU’s Fifth Anti-Money Laundering Directive (AMLD5) and Sixth Anti-Money Laundering Directive (AMLD6).
On a national level, AML/CFT obligations are stated in the POCA (Proceeds Of Crime Act) and guidance notes issued under the POCA on control systems.
Gibraltar has developed an effective regulatory structure. It provides multiple advantages to crypto business owners looking to establish in the region and obtaining crypto license Gibraltar.
Gibraltar provides a favourable taxation regime to crypto-related businesses. Only 12.5% of the corporate tax is incurred on your business. If the profit is not derived from Gibraltar it should not be taxed in Gibraltar. It creates a favourable environment for your business’s profitability and growth. Additionally, no taxation is incurred on your capital gains and dividends.
If you are a start-up with up to 20 employees, you are eligible to receive a credit of 100 GBP (116 EUR approx.) per employee in the first year in relation to social insurance. Additionally, if you are starting a small business with up to 10 employees, you can claim this credit.
If you become a holder of crypto licence Gibraltar, country’s status as a British Overseas Territory grants you access to EU markets. This helps you facilitate cross-border business operations. Additionally, it helps you foster market integrations and enhances Gibraltar’s attractiveness as a jurisdiction for all the businesses seeking to expand.
The regulatory structure of Gibraltar provides a strong investor protection protocol. It includes strict capital requirements and proper governance systems. This infuses confidence in potential investors, attracts more capital, and promotes overall growth in the cryptocurrency sector.
Gibraltar offers you a series of tailored licensing options to help meet the diverse needs of the crypto industry.
If you acquire a cryptocurrency license in Gibraltar fro crypto exchange activity, you become eligible to operate a platform for trading cryptocurrencies and fiat currencies. This license is regulated by the GFSC, and to get it, you must comply with strict regulatory requirements, including cybersecurity measures and customer protection safeguards.
Crypto Broker license allows your company to act as an intermediary in crypto transactions. It also allows you to operate legally within Gibraltar’s legal jurisdictions and provides assurance to your clients related to the reliability and integrity of your services.
The crypto trading license in Gibraltar allows your firm to buy and sell cryptocurrencies as a part of trading activity. This cryptocurrency licence in Gibraltar is specifically for entities that are directly engaging in the trading of digital assets. If you apply for this license, you are required to comply with strict regulatory measures, including AML/CFT measures and transparency.
If you are a virtual asset service provider, a VASP crypto license allows you to offer a wide spectrum of services to your clients. The VASP is also regulated by the GFSC, it requires you to comply with strict cybersecurity measures and have financial stability.
Each and every Gibraltar cryptocurrency license holder is strictly regulated by the GFSC. If you want to obtain this crypto license Gibraltar, you must comply with the following processes:
Gibraltar is a leading cryptocurrency jurisdiction that offers a structured framework promoting innovation with market integrity and investor protection. It should be noted that requirements to a license holder will be almost the same if your business receives Gibraltar crypto exchange license or any other type of crypto license in the country. Have a look at these key requirements for obtaining crypto license in Gibraltar:
When it comes to crypto taxes in Gibraltar, they don’t levy any specific taxes on businesses with cryptocurrency license Gibraltar. However, you, as a crypto business, still have to adhere to general taxation principles. You have to pay the general taxes incurred by the Internal Revenue Services of Gibraltar.
Gibraltar is renowned for its low taxation policies and provides advantageous taxing approaches to business owners. These benefits could be also enjoyed once you entered Gibraltar crypto license register. The tax year in the region starts from 1st July to June 30. you don’t have to pay taxes on your dividends, capital gains, and interests.
The Corporate tax is governed by the Income Tax Act 2010. The rate of 12,5% applies to income earned, sourced and derived from Gibraltar.
In addition to that, Gibraltar companies shall pay social security contributions for its employees in Gibraltar that weekly ranges from 28 EUR to 50 EUR.
InteliumLaw is a leading firm that specialises in blockchain and cryptocurrency regulation. We offer unparalleled expertise and experience in helping you navigate Gibraltar's complex regulatory measures including for a crypto exchange license Gibraltar.
InteliumLaw offers a dedicated team of professionals to provide you with comprehensive support. Would you wish to obtain crypto exchange license in Gibraltar or any other type of crypto license there we are here to assist. From initial consultation to license acquisition and ongoing compliances, we help you throughout your crypto business journey in Gibraltar.
The Gibraltar crypto license allows a crypto business to conduct activities in the fields of providing virtual assets services, crypto advices, managing cryptocurrency wallets, and doing cryptocurrency exchange and trading.
Most often, business owners acquire their DLT licenses within 6 to 12 months if they are complying with all the regulatory measures imposed by the GFSC (Gibraltar Financial Services Commission).
Yes, non-residents can own a crypto company in Gibraltar, as there are no residency or nationality requirements associated with the ownership.
Yes, you must have a bank account to open a company in Gibraltar. Additionally, you should have at least one director with an impeccable reputation and transaction experience in your company. You should also retain one local key staff member other than the director.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
