The Slovak Republic is an emerging developing jurisdiction due to its simple regulation and clear process for obtaining a cryptocurrency license. We will guide you through the necessary steps and provide you with a successful outcome.
Cryptocurrency licenses show customers and investors that your business is legitimate and trustworthy.
Protect your business
A license ensures you meet legal standards and protects your business from fines or going out of business.
Entering new markets
With licenses, you can do business in more markets and build better partnerships.
What services can you provide to your customers?
The Slovak с Krypto license allows you to do all the necessary operations to set up your own cryptocurrency exchange:
exchange virtual currency into legal tender;
the conversion of legal tender into virtual currency;
exchange virtual currency into another virtual currency;
store virtual currency on behalf of customers;
Transfer virtual currency between wallets.
Trading volume is unlimited and you can offer any available cryptocurrency and fiat funds.
Costs and conditions for obtaining a cryptocurrency license in Slovakia:
Standard Package
€3 000Maximum of 4 weeks.
Company Registration
Get a cryptocurrency license
1 year legal address
Standard internal anti-money laundering rules
Full set
€4 000Maximum 6 weeks
All services in the standard package
Opening a Corporate Account for Your Company
Legal advice on your type of activity
Expansion Pack
€4 500Maximum 6 weeks
All services in full service
Accounting Consulting
Appointment of EU Director
The requirements for obtaining a crypto authorization in Slovakia are as follows:
A share capital of € 5000-to be registered;
No criminal record;
Director with European residency *.
* Please note that if you need the services of a European director, we are always ready to help you.
Steps
The steps for setting up a company and obtaining a cryptocurrency authorization are as follows:
Prepare authorization and KYC documents
Once the company structure is clear, we will send you all the draft documents necessary to register a company in Slovakia on your behalf and obtain authorization for cryptocurrencies. Normally, you can go through the relevant procedures by providing us with customer information, power of attorney, copy of passport, proof of address and proof of no criminal record.
Establishment of a company in Slovakia
We will receive the originals of the documents you provided, translate them into Slovak and make an appointment for notarization for the registration of the company. Share capital can be paid either by transfer or as a non-monetary contribution. The final decision is in your hands.
Registering the Company as a Value Added Service Provider
In order to provide cryptocurrency-related services, companies must be registered as VASPs (Virtual Asset Service Providers) with the Commercial Registry. This process takes up to 5 working days. You don't need to do any extra action.
It is important to note that in order to register a company, you only need to take minimal actions. With a set of basic documents ready and sent to us, you can register a crypto company in Europe.
Frequently Asked Questions (FAQ)
What are the criteria for appointing a director of VASP Slovakia?
The person must be a resident of an EEA country. The law does not provide for other criteria.
Is there an additional fee to apply for a cryptocurrency license in Slovakia?
All necessary expenses are included in our costs.
What happens after all the steps are completed?
After obtaining a cryptocurrency license in Slovakia, you can legally operate and provide cryptocurrency-related services without any restrictions.
Can I accept non-EU customers?
Yes. VASPs authorized in Slovakia are not subject to territorial legislation. If there are no restrictions under the local laws of the selected country, you can provide such services worldwide.
How long is the validity period of the Slovak cryptocurrency license?
Licences issued are valid indefinitely.
Need some help?
Connect with our licensing experts to discuss a solution tailored to your business. We will provide you with a personalized offer within 1 hour of the working day.
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