fashion jewelry wholesale philippines How does Lithuanian apply for digital currency licenses and how to do it?

fashion jewelry wholesale philippines

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  1. wholesale pave diamond jewelry Lithuania's capital Vernis is a well -known capital of European fintech. Lithuania provides a friendly and supervised legal environment for the virtual asset service provider (VASP) company. It has formulated clear laws and regulations since January 2020. Register with cryptocurrency exchanges and wallets. It should be noted that although the term of the license is widely used to describe the basic functions of supervision, according to the regulatory framework, Lithuania provides registered activities as a regulatory VASP instead of financial license itself. These activities are supervised by the Lithuanian Financial Crime Investigation Bureau (FCIS)

    . The scope of the license scope of the Lithuania virtual currency trading provider:
    1.virtual Currency Exchange Operator (virtual currency exchange operator) r r
    official activities authorized, covering services to convert legal currencies into cryptocurrencies, exchange cryptocurrencies into legal currencies, and exchanged cryptocurrencies into cryptocurrencies. This kind of event registration can operate cryptocurrency exchanges in a regulatory manner
    2.Deposit Virtual Currency Wallet Operator (deposit virtual currency wallet operator)
    Generate a key or save the customer's encryption key, which can be used to save, store and transmit virtual currencies.

    The advantages of Lithuania virtual currency transaction providing brand license:
    (1) Lithuania does not specifically require the company to operate locally
    (2) Quick license handling, time is three It can be around. If the existing license is only about one and a half months, it takes about one and a half months
    (3) The company's data documents and compliance documents submitted in English;
    (4) Remote client verification. Innovative "Understand your customer" process Zhu Zhi to verify the account for remote customers, and does not require customers to go to handle accounts;
    (5) Tax rate: virtual currency (such as Bitcoin and Congzha currency) exchange services do not need to pay VAT without paying value -added tax Essence Corporate profits are taxed at 15% (CIT = 15%). Small companies with less than 10 employees and annual total income of less than 300,000 euros can benefit from 0-5% of corporate tax rates.
    (6) Commissioner (Legal Consultant): If you are not in actual operation or publicity, you do not need to hire.

    It Lithuania European virtual currency license processing requirements:
    1. Capital margin: Capital margin requirements of 2,500 euros, through cash subscription (no account)
    2 . Personnel requirements: At present, the minimum requirements of the company's structure are that one person can serve as shareholders, directors and anti -money laundering officers at the same time, but we recommend appointing a special anti -money laundering regulatory officer. For anti -money laundering official positions, previous work experience and support documents are required. We recommend outsourcing third -party service providers to meet AML and related report requirements. The proposed setting structure includes at least three members of the board of directors, and the compliance officer should have previous professional work experience, and it does not need Lithuania's right to residential. Accepting project review, we can provide continuous support through certification accounting, local substance and anti -money laundering compliance support services, such as professional FCIS recognized anti -money laundering official outsourcing.
    3. Registration address requirements: It can be a virtual office address that can be assisted. If you need to operate the leased physical office venue

    The relevant expenses/tax rate:
    1. The minimum requirements for registered funds: Company registered capital 2,500 euros
    2. File preparation, docking the Financial Crime Investigation Bureau (FCIS) official charges, etc.)
    3. Accounting: 400-600 euros/monthly
    4. . Enterprise income tax: 5% more than 300,000 Euros 15%, 21% VAT (can be reduced)
    6. The actual operating address cost (if required)

    . Lithuania main company name: UAB end
    2. English version of the business plan
    3. Legal information: passport, nearly three months of address certification documents (hydropower payment bills), handheld passport high -definition photos, English resumes, English resumes (I need to cooperate with my signature, the handwriting needs to be consistent with the handwriting on the passport)

    Lithuania virtual currency license license

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