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Cryptocurrency license in Serbia

Serbia

Cryptocurrency activities in Serbia are regulated by the Law on Digital Assets, which will enter into force on July 1, 2021. According to the law, there are two types of digital assets: virtual currencies and digital tokens. The law allows the issuance, trading of digital currencies, the provision of cryptocurrency services.

 

Service providers will be able to operate legally after obtaining permission from the Securities Commission and the National Bank of Serbia.

 

Only a company registered in the Republic of Serbia can be a Digital Asset Service Provider.

Serbia

The license for providing services related to digital assets in Serbia covers a wide range of activities:

  • Receiving, transferring, and executing orders related to the purchase and sale of digital assets on behalf of third parties.
  • Services for buying and selling digital assets for cash, funds in an account, or electronic money.
  • Services for exchanging digital assets for other digital assets.
  • Storage and management of digital assets on behalf of users and related services.
  • Services related to the issuance, offering, and sale of digital property, with or without the obligation to purchase it.
  • Maintaining a register of pledges on digital property.
  • Services for receiving/transferring digital assets.
  • Management of a digital asset portfolio.
  • Organizing a platform for trading digital assets.
Serbia

The person applying for the relevant license must have a minimum registered capital of between EUR 20 000 and EUR 125 000, depending on the type of service provided.

 

To start the project, it is enough to register a company in Serbia.

Company registration in Serbia takes about 5 working days.

 

Taxation:

 

  • According to the Value Added Tax Law, transfer or conversion of cryptocurrency into cash will be subject to VAT.
  • The capital gains tax rate for a company registered in Serbia is 15%. 
  • If the taxpayer invests the funds received from the sale of digital assets in the share capital within 90 days of the sale, the Serbian resident company is exempt from capital gains tax by 50%. A refund of 50% of the capital gains tax paid will be made within 12 months from the date of sale of the digital assets.
  • Non-resident legal entities will be subject to capital gains tax at the rate of 20% on sales, unless a double taxation treaty applies.

Ready-made companies with bank accounts

Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.

Companies with licenses

Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.

Banks

Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.

Funds

Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.

SEMI for sale

When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.

Crypto Offshore

When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.

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