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.
Who can provide digital asset services and what are these services?
- receiving, transmitting and fulfilling orders related to the purchase and sale of digital assets on/on behalf of third parties; (capital requirement of €20 000);
- buying and selling digital assets for cash or electronic money (capital requirement of €20 000);
- the exchange of digital assets (capital requirement €20 000);
- custody and administration of digital assets and related services (capital requirement €20 000);
- services related to the issuance, offer, and sale of digital property with or without a purchase obligation (capital requirement 20 000 euros);
- maintenance of the register of liens on digital property (capital requirement 20 000 euros);
- acceptance/transfer services for the digital assets (capital requirement €50 000);
- digital asset portfolio management (capital requirement €50 000);
- organization of a platform for trading digital assets (capital requirement €125 000);
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.
