Category: Business management

05
Sep

How long does it take to obtain a cryptocurrency license in Estonia? The types of the licenses.

After registering the company with the Commercial Register and with the VAT authorities we can choose between two types of cryptocurrency licenses which can be obtained by cryptocurrency companies in Estonia.

The first type is the cryptocurrency exchange service provider license. It allows the companies to provide exchange services to those who want to trade cryptocurrencies against money or against other cryptocurrencies.

The second license – the cryptocurrency wallet service provider is suitable for companies which would like to offer e-wallets or virtual token wallets.

The entrepreneurs who would like to obtain such licenses need to wait for about 14-30 days after the application, for the response of the Financial Intelligence Unit in Estonia. Until the license is granted, the company is not allowed to start the activity. After receiving the license the company is obliged to start the activity within 6 months.

Some activities related to cryptocurrencies, for example popular digital token mining may be conducted without the license as long as the company does not trade them.

If you would like to start business in Estonia, please contact our specialized team. You will receive all the answers to your bothering questions and we will clarify all ambiguities regarding this topic.

01
Sep

Do you want to trade cryptocurrencies? Buy a ready made limited liability company.

The easiest way to start a new business is definitely to buy a ready made company. A clean, shelf company allows you to start your business activity as soon as possible. It is very important to choose the most suitable country according to the type of business.

Estonia is one of the European Union countries in which cryptocurrency trade is strictly regulated, therefore setting up such company there is a very wise move nowadays.

In 2014, a document called Taxation of Trade in Bitcoins was published by the government of Estonia and in its content we can find that the bitcoin in Estonia is recognized as an alternative means of payment by legal status.

Buying a ready made company with licenses for crypto exchange and wallet allows to bypass the waiting period and procedures necessary to apply for such a license. It is a great advantage because the investor is able to start the business activity immediately after completing all the formalities related to the purchase of the company.

It is highly recommended to buy such a company from a reliable source. Only a proffesional business consulting company is able to offer a shelf company with a guarantee that hasn’t undertaken any activity in the past, has no hidden debts or commercial disputes.
In addition, such consulting company provides a whole range of additional services that may be useful in the future in conducting business operations.

Lexpoland Business Consulting using its many years of experience and international business contacts is able to offer professional, comprehensive assistance at every stage of business. It is much easier to form and run a company with a proven and experienced partner alongside who will help you avoid mistakes and make it easier for you to succeed.

If you are interested in this topic, would like to know more details and buy such company, do not hesitate to contact us via the contact form.
You will receive answers to all the questions concerning the case and the best possible offer tailored to your needs.

11
Aug

The ways to invest in Bitcoins.

Bitcoin exchange (BTC) – the investor can set up an anonymous cryptocurrency account to buy and hold cryptocurrency through the BTC exchange. However, this carries two types of threat.   First, when we make transactions on the cryptocurrency exchange, our funds are not on our account, but on the exchange account. Unfortunately, the short history of cryptocurrencies already knows spectacular examples of crypto exchanges that have been closed overnight, disappearing along with investor funds. There are also examples of cryptocurrency exchanges that have been robbed by hackers.   Secondly, if we lose our login and password to the account or someone steals them from us, we will lose our cryptocurrencies irrevocably, without the possibility of applying for help. There is no place where we could ask to recover lost data or stolen bitcoins.

A different method of making profits from cryptocurrencies is data encryption. To start making money on cryptocurrencies, you can also buy specialized information encryption equipment and receive remuneration in the form of bitcoins for your contribution to the IT system. However, this requires specialized knowledge in the field of programming and selection of advanced computer equipment, which is not the cheapest.

20
Mar

Registered address for a Polish company.

After introducing the lowest corporate income tax rate in Europe – 9% Poland became even more attractive country for doing business by foreigners. Some of them are interested in living in Poland and conducting their stationary business but the other group would like to go back to their countries and control the company at a distance.Continue Reading..

10
Feb

Franchise – whose company is it?

Franchise is one of the best growing sectors of small business. We are more and more willing to open our own businesses under the name of a well-known brand.

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10
Dec
20
Nov

Cryptocurrencies – Bitcoin records large losses

The price of bitcoin drops to around 4,000. dollars. This is the lowest level since October 2017. Even a week ago, the most popular cryptocurrency cost 35% more. What factors caused such drastic discounts?Continue Reading..

28
May

Business of the future. Experts chose the best startups.

At first you have to get a good idea before others do it. It must be innovative, because only small companies starting from scratch are able to attract big business partners. You do not need to have a lot of money to implement, but you have to be able to sell the idea. With such knowledge the participants of the ABSL Start-Up Challenge competition started to compete for the most innovative start-up.

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21
Mar

Robots will replace people! This pays off.

Robotics can solve the shortage of employees in Poland. Such an investment can turn to companies during the year.

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01
Mar

Crowdfunding

Crowdfunding gives initiators of social, cultural and business ventures the opportunity to raise funds for their implementation. Financing are members of virtual communities, friends, family and all those who want to support micropayments with micropayments. Many small payments make up a large pool of funds that allow you to fulfill your dreams, develop your business or organize attractive events.

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