There are many ways to start your own cryptocurrency business in Europe. Depending on where you live and what you do, there are several options.
Even if you don’t plan to establish an online presence or sell your products and services online, it’s worth exploring starting your own businesses in Europe. Here’s how to start a crypto company in Europe.
Learn more at https://www.eestifirma.ee/en/service/crypto-license-in-europe/.
Choose a country to incorporate in
When you start a business in Europe, you must first decide where you will be based and incorporated. You can base your cryptocurrency business in any country, and how you choose to structure it depends on what you want from your business. If you want to be able to trade in other countries, you will need to work with a company based in one of the Financial Action Task Force (FATF) compliant countries. This means that the country complies with the rules to prevent the financing of terrorism. The FATF compliant countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Countries Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and Switzerland.
Choosing your license type for your crypto company
Depending on the type of cryptocurrency business you want to set up, you may or may not need a license. The license you need depends on what you want to do, who you want to do it for, and who you want to do it for. If you want to set up an advisory business you may not need a license but if you are offering investment services you will need one. Let’s start with the licenses you don’t need. If you just want to do consulting, then you don’t need a license. You can also set up a business or research company without a license. If you are setting up a platform to exchange goods or services and it is for internal business use only, you also do not need a license.
Finding the right office space and hiring employees
Not all crypto businesses will require office space, but if you need it, you’ll need to find it. If you are searching in major cities like London, Paris, Berlin and others, it can get very expensive. Fortunately, there are a few ways to find cheaper office space. Coworking spaces are popping up all over the world. While these can be a great option, they can also be competitive. Another option is to find a private investor to help you set up office space as a loan with a specific payment schedule. In addition to this, you will need to find employees to work in your office. In most cases, you can hire remote workers, but you can also hire some full-time employees.
conclusion
Starting a cryptocurrency company can be a really exciting adventure, which can bring you a lot of new opportunities and experiences. You can establish your company anywhere in Europe, so there are many options available to you. You can set up a new business from scratch or you can buy an existing business that is already making money. Whichever way you choose, starting your own cryptocurrency companies in Europe is worth exploring.
Eesti Firma is a team of experienced advisors and experts in commercial law and accounting.
https://www.eestifirma.ee/es/
Disclaimer: The information contained in this document is provided without regard to your personal circumstances, therefore it should not be construed as financial advice, investment recommendation, or an offer or solicitation of cryptocurrency transactions.