In 2024, the cryptocurrency industry continues to develop rapidly, and more and more entrepreneurs are looking for jurisdictions where they can conduct crypto business without the need to obtain a license. Some countries offer favorable conditions for the development of cryptocurrency projects, including zero taxation and the absence of strict regulations.

Among the most attractive jurisdictions for registering companies engaged in crypto business without a license are St. Vincent and the Grenadines, Panama, and Costa Rica. These countries offer not only a simplified process for registering companies but also a number of advantages for foreign entrepreneurs.

Advantages of registering a company in offshore jurisdictions

Zero taxation: Companies registered in these jurisdictions do not pay taxes on profits, which allows them to maximize income from crypto business.

Unregulated crypto activity: These countries lack strict rules and restrictions on cryptocurrency transactions, giving entrepreneurs more freedom in conducting business.

No requirements for authorized capital, local office, and employees: There is no need for significant authorized capital, opening a physical office, or hiring local employees to register a company in these jurisdictions.

Flexible and loyal legislation: The legal systems of these countries are focused on supporting international business and offer flexible rules for foreign entrepreneurs.

Support for foreign businessmen at all levels: The governments of these countries are interested in attracting foreign investment and offer various support measures for international entrepreneurs.

Company registration in St. Vincent and the Grenadines

This island nation in the Caribbean offers zero taxation, no regulation of cryptocurrency activities, and simplicity in registering companies. The period for registering a company in St. Vincent and the Grenadines is 3-5 working days, and another 5 days are required for apostilling documents.

Company registration in Panama

Panama is known for its favorable business climate and the absence of taxes on international transactions. The country actively attracts cryptocurrency companies by offering favorable conditions for doing business. Company registration in Panama takes 5-7 working days, and another 5 days are required for apostilling documents.

Company registration in Costa Rica

Costa Rica offers liberal legislation regarding cryptocurrency activities, low tax rates, and support for foreign entrepreneurs. The process of registering a company in Costa Rica takes 4-5 working days, and another 7 days are required for translating and certifying documents.

When choosing a suitable jurisdiction for conducting crypto business, it is important to take into account the specifics of your business and long-term goals in order to make the most effective use of the advantages of offshore zones. For more detailed information, we recommend contacting IT-OFFSHORE specialists who have the most up-to-date information regarding crypto licenses in all the countries under consideration.