Immediately, many crypto corporations are eager about which European nation to begin a enterprise in. The very fact is that getting a license in a single nation opens the door for different union members. Getting a crypto license in Poland is an effective resolution for everybody who needs to work legally and overtly and appeal to extra purchasers.
If earlier it was simple to acquire a license solely in Latvia and Estonia, at the moment Poland has joined their quantity. It turns into an ideal resolution for a lot of since there’s laws regulating the crypto trade and no pointless forms and corruption.
As well as, there are bilateral agreements on the avoidance of double taxation with 84 international locations of the world, making it potential to simplify all points associated to taxes as a lot as potential.
If you happen to resolve to open a crypto enterprise in Poland, you possibly can rapidly scale, enhance, and develop. It is possible for you to to position advertisements on varied websites, appeal to the eye of numerous customers, and due to this fact enhance your earnings.
Getting a crypto license in Poland can also be a good suggestion as a result of it has the only tax guidelines:
- Tax on company earnings – 9% (in case your earnings doesn’t exceed 2 million euros per 12 months) and 19% (if it exceeds);
- VAT – 23%;
- Tax on repatriation of earnings – 0% – 20% and a few others.
As well as, when formally employed, the corporate should contribute to the pension fund and social and medical insurance coverage. These funds might be roughly 64% of the web quantity.
You additionally want to take care of accounting information and continually submit stories to regulatory authorities. Often, about 150 euros is spent on accounting companies each month.
Taxation of transactions
In January 2019, a legislation was developed in response to which digital currencies in Poland are topic to company tax (capital features tax) at 19%. Nonetheless, taxation at a preferential fee of 15% is feasible. When exchanging digital foreign money for digital or fiat foreign money, earnings tax ranges from 17% to 32%, following the progressive taxation scale.
There are simple and clear guidelines for acquiring a license in Poland. Right here we will distinguish 2 essential standards – the absence of a felony report and competence.
Individuals in key administration positions should have a wonderful status and no felony report. They need to present related references. They mustn’t be concerned in corruption schemes, fraud, and tax evasion.
The corporate ought to make use of a specialist or a gaggle of safety specialists. Their duties ought to embrace monitoring transactions and offering the mandatory stories to regulatory authorities. The pinnacle of this division should have specialised increased training and expertise on this trade, however this particular person’s status is of paramount significance. He have to be a real skilled in his discipline and likewise not have a felony report prior to now.
To acquire a license, it’s good to submit the next paperwork to the state authorities:
- a notarized copy of the nationwide and the worldwide passport of the director/founding father of the corporate licensed with an apostille;
- registration paperwork.
Solely a authorized entity can apply. You first must open your individual firm registered in Poland. The following step to acquiring a license is to get a PESEL tax quantity. Additional, your complete tax system will establish your organization by this quantity. The method of acquiring this doc takes as much as 30 days.
After accumulating all the mandatory paperwork, you possibly can contact the regulatory authorities and apply for a license. Additional, the state authorities take 2 weeks to contemplate the appliance. Then you definately will be energetic.
The obtained license is legitimate indefinitely. However, you will need to recurrently present stories in your actions. In case you are suspected of fraud, your organization could lose its work allow.
In case you are afraid that you simply won’t be able to gather and fill out all the mandatory paperwork appropriately, you possibly can search assist from a specialised company. You may agree with this and difficulty an influence of lawyer. On this case, specialists is not going to solely test the correctness of filling out the paperwork prematurely however will even characterize your pursuits in regulatory our bodies. They’re effectively conscious of how this technique works and can inform you methods to do every thing appropriately.
Poland is among the few international locations in Europe the place you possibly can rapidly get a license to function a crypto enterprise. Right here the principle criterion is the absence of a felony report and excessive professionalism. There isn’t any extreme forms right here, and you may get a license inside a month and a half from the second it was based. It’s a comparatively brief interval as a result of, for instance, in Estonia, state authorities contemplate an utility for a license not 14 days however 60.