Complex
expertise
20+
jurisdictions
Lawyers with huge
experience in the industry
50+
crypto projects
The cryptocurrency market continues to grow rapidly, opening up new horizons for profitable projects
The cryptocurrency market size is estimated to be around $3.1 trillion by Q1 2025. It is expected to grow at a CAGR of around 13% until 2030, which is very high in absolute terms given the current market size.
But the higher the stakes, the tougher the game.
Companies face increasing pressure from regulators, blocking risks, tax issues, conflicts with users and partners. Without qualified legal support, even a promising project can stop at takeoff.
We help crypto projects at all stages
from idea to scaling
9 out of 10 crypto projects start to understand legal nuances too late. We suggest thinking about them in advance.
Most often, clients contact us with the following requests:
The project cannot be launched in the selected jurisdiction - it does not allow the implementation of the project's business model
Selecting suitable jurisdictions taking into account the specifics of business, taxes, licensing, infrastructure
You need to select a team, an office and prepare a package of documents for all occasions - what you need to consider
There is a desire to issue a token - there are difficulties with its tokenomics and what it will certify
There is a goal to attract investors for business development - it is unclear what conditions need to be taken into account in the cooperation agreement
It is impossible to open a bank account - it is difficult to build a payment infrastructure for a crypto project
top countries for crypto business
Standard tax rates : 9% - income tax (for companies with annual income over USD 101,250), 5% - VAT, 0% - tax on dividend/royalty payments abroad.
Separate cryptolicense : license/permit from Dubai's Virtual Assets Regulatory Authority (VARA), which allows the provision of broker-dealer, exchange, investment management, custody, lending, consulting, processing, issuance and prop trading services, from USD 275 to USD 81,000, from 5-6 months.
Market scale and reputation : cryptocurrency adoption index - 56, 30+ active companies in this field, high level of trust.
Standard tax rates : 9% - income tax (for companies with annual income over USD 101,250), 5% - VAT, 0% - tax on dividend/royalty payments abroad.
Separate cryptolicense : not required, as the free zone only works with unregulated business activities (e.g. mining, non-custodial wallets, metaverses, web3, etc.).
Market scale and reputation : cryptocurrency adoption index - 56, 400+ companies in this field, high level of trust.
Standard tax rates : 27% - income tax, 15% - VAT, up to 20% - tax on dividend/royalty payments abroad.
Separate cryptolicense : Crypto Asset FSP license for exchangers, wallets, brokers, custodians and other криптосервисов , from USD 140 to USD 2,550, from 3 months.
Market scale and reputation : cryptocurrency adoption index - 30, 200+ companies in this field, average level of trust.
Standard tax rates : 30% - income tax, 13% - VAT, up to 25% - tax on dividend/royalty payments abroad.
Separate cryptolicense : Digital Asset Service Provider (DASP) or Bitcoin Service Provider (BSP) license, from USD 0 to USD 9,150, from 3 months.
Market scale and reputation : cryptocurrency adoption index - 106, 20+ active companies in this sphere (180+ companies for all time), average level of trust.
Standard tax rates : 0% - income tax, 0% - VAT, 0% - tax on dividend/royalty payments abroad.
Standalone криптолицензия : Virtual Assets Service Provider (VASP) license, from USD 12,500 to USD 35,000, from 4 months.
Market scale and reputation : cryptocurrency adoption index - no data in available sources, 20+ companies in this area, average level of trust.
Standard tax rates : 25% - income tax, 7% - VAT, up to 20% - tax on dividend/royalty payments abroad.
Separate cryptolicense: Not required as there is currently no cryptolicense regime in the country.
Market scale and reputation : cryptocurrency adoption index - 112, 100+ companies in this space, average level of trust.
Standard tax rates; : 30% - income tax, 15% - VAT, 0% - tax on dividend/royalty payments abroad.
Separate cryptolicense: not required, however, a crypto law has already been passed introducing a cryptolicense regime that may come into force at any time.
Market scale and reputation : cryptocurrency adoption index - no data in available sources, 50+ companies in this area, average level of trust.
Standard tax rates : no - income tax, no - VAT, no - tax on dividend/royalty payments abroad.
Separate cryptolicense : Virtual Asset Service Provider (VASP) registration or VASP licensing, from USD 2,440 to USD 246,000, from 1-3 months.
Market scale and reputation : cryptocurrency adoption index - no data in available sources, 100+ companies in this area, average level of trust.
Standard tax rates : 10% - income tax, 12% - VAT, 10% - tax on dividend/royalty payments abroad.
Separate cryptolicense : virtual asset exchange service provider (crypto exchanger) and virtual asset trading operator (crypto exchange), which cover a wide range of asset transactions, as well as registration of miners and virtual asset emissions, about USD 12, from 3 months.
Market scale and reputation : cryptocurrency adoption index - 76, 130+ companies in this sphere, average level of trust.
Standard tax rates : 17% - income tax, 9% - VAT, up to 10% - tax on dividend/royalty payments abroad.
Separate cryptolicense : Standard Payment Institution (SPI) to provide limited payment services and Major Payment Institution (MPI) to provide a wide range of payment services, including digital currency exchange, from USD 4,450 to 8,800, from 10-12 months.
Market scale and reputation : cryptocurrency adoption index - 75, 80+ companies in this field, high level of trust.
Standard tax rates ;: 8.5% - federal income tax (but there may be an additional tax from cantons and communes, as a result of which the tax can reach 21%), 8.1% - VAT, up to 35% - tax on dividends/royalties paid abroad.
Separatecryptolicense : membership in a self-regulatory organization (SRO) and a FinTech license from FINMA, from USD 4,700 to USD 183,000, from 3-6 months.
Market scale and reputation : Cryptocurrency adoption index - 55, 1,300+ companies in this space, high level of trust.
We will help you choose the right jurisdiction for your business, strategy and budget
Our services
Development of a legal strategy
Legal analysis of the business model and objectives
Selecting suitable jurisdictions taking into account the specifics of business, taxes, licensing, infrastructure
Determining the required licenses
Planning a phased entry into markets
Creating a structure
Registration of legal entities and opening of bank accounts
Thinking through the structure of a group of companies
Drafting of statutory documents, shareholders' agreements
Protection of intellectual property
Licensing
Selection of VASP, MSB and other licenses
Preparation of all necessary documentation
Communication with regulators
Building internal processes that meet license requirements
Development and coordination of contracts
Preparation of the entire chain of contracts: with developers, investors, contractors, users
Analysis of documents from partners and contractors
Compliance
Implementation of a flexible compliance system (at the start and during further scaling)
Development of user agreements and privacy policies
Preparing for regulatory requirements in new markets
Scaling and maintaining changes
Launch of new jurisdictions and licenses
Restructuring
M&A and liquidation support
Legal support for scaling the operating model
How we work
legal analysis
Diagnostics
We dive into your project: we look at the holes, the risks, where things are already “on fire”. We ask uncomfortable questions - so that regulators don’t ask them later.
legal design
Architecture
We figure out how it should be. We build a structure, a project roadmap, documents. Sometimes we suggest tearing it down and reassembling it (if it saves time and money) .
hands-on support
Implementation
We don’t throw you a bunch of files and “sort it out.” We follow through: we open companies, write policies, communicate with banks, edit tokens, apply for licenses (if necessary) .
legal-as-a-service
Support
If you need a lawyer who is always in touch, knows the project from the inside and speaks your language - we take on a subscription basis. Not just "documents on request", but a strategic partner.
Launching a project without a clear plan is expensive
If you don't have time to dig through forums, understand the intricacies of laws, or compare the Cayman Islands with Estonia, just download our short guide.
We have selected 3 key top jurisdictions suitable for stable and efficient work.
Launch of a major mining project in the UAE
We conducted a detailed analysis and compared business conditions in freezone and mainland in the UAE, recommended several suitable options to the client, accompanied the registration process, and developed a chain of payment solutions for the business, including opening accounts on crypto exchanges, banks and payment systems.
AML policies and risk assessments for Dubai-based crypto company
We helped prepare AML policies and risk assessments for a Dubai-based company engaged in mining and investing in its own portfolio of assets.
Comparison of legal frameworks for crypto-businesses
We conducted a detailed analysis for a future NFT marketplace on the types of licenses, legal status of crypto assets, taxes, intellectual property and payroll options in various jurisdictions - UAE, Hong Kong, Singapore, Malta, Cyprus and El Salvador.
Legalization of client's crypto business in Estonia
We registered the company, ensured the necessary presence in the country, prepared all documents to meet AML/KYC requirements, obtained a license for cryptocurrency transactions and connected the client to the payment system with EML license in Malta.
Setting up compliance for a crypto broker in the UAE
Our team has prepared a Policy
AML/CFT, Anti-Corruption Policy, Business Risk Assessment Policy and other documents for a company planning to operate a broker-dealer, exchange and hold crypto-assets in the UAE.
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Creation of crypto-exchange in Lithuania
We identified Lithuania as the most suitable jurisdiction for one of our clients who was planning to open a crypto exchange, studied the regulatory framework of cryptocurrencies in Lithuania, helped to obtain the necessary licenses and prepared local acts, including AML policy.
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Launch of online casino with crypto features
We helped launch an online casino with various crypto options by analyzing the client's business model and proposing the optimal jurisdiction. We prepared the contract for the sale of tokens required for the planned operations.
Launch of WEB3 fintech application in UAE
We prepared the user agreement (EULA) for launching a WEB3-based fintech application in the UAE by verifying the regulatory requirements of the financial sector.
