An introduction to crypto in Gibraltar
Gibraltar is one of the only places in the world which has implemented specific Blockchain/Distributed Ledger Technology regulatory regime. The Gibraltar Financial Regulator, authorises Crypto/DLT companies, monitors ICOs and issues DLT licenses. So far Gibraltar has proved to be a popular jurisdiction in which to establish a crypto company.
This is primarily due to the following reasons:
- ICO/STO proceeds are not taxable in Gibraltar;
- There are local banks in the jurisdictions which are willing to open account for Crypto companies;
- Gibraltar has the world’s first Regulated Exchange for the listing of Utility Tokens and Security Tokens;
- Crypto-Funds can be up and running within 2 weeks!
- A wide network of professional service providers familiar with crypto businesses and DLT;
- Gibraltar offers the most attractive tax regime in the whole of the Europe;
- An accessible, reputable and user-friendly financial regulator
This article has been sponsored by Benefit Business Solutions Limited
Benefit Business Solutions Ltd. acts as a professional adviser and trusted project manager for the set-up of Crypto businesses and for DLT Licence applications.
We know how to drive the process effectively for our clients from the Gibraltar side and provide them with a dedicated resource on the ground looking after all operational day-to-day aspects of the process that normally fall outside the realms of the lawyers/accountants, such as:
- Assist with bank account opening;
- Assist with local company incorporation;
- Act as Local Directors of the Gibraltar Crypto company/DLT company
- Provide a local trading address for the period leading to and during the ICO/STO, thus saving on hiring expensive offices;
- Review of White Paper and assistance with Financial Forecast/Business Plan;
- Produce risk quantification reports, mitigation plans and compliance procedures;
- Initiate meeting and liaise with Financial Regulator throughout the license application process;
- Other bespoke services
Learn more about Benefit Business Solutions.