The development of the Fintech industry which resulted in digital currency, referred to nowadays as cryptocurrency, is allowed to be used in most European countries. Malta, which has already published the first-ever regulatory framework for virtual currency is in fact one of the countries that accepts cryptocurrencies.
Malta, as a recognized financial centre for cryptocurrency, is an attractive jurisdiction for setting up cryptocurrency companies as top exchange platforms have already confirmed their relocation and investment in Malta. This being mostly welcomed by the present Maltese Government who is facilitating the foreign investors. The Government is also implementing a National Blockchain Strategy aimed to materialise the opportunities of distributed ledger technology, being, to create electronic systems which reduces bureaucracy within the various government department and authorities.
In view of this fact and evolving development of this sector in Malta, here at Fairwinds Management Limited we can assist investors wanting to register and open a cryptocurrency company in Malta. Our team of experts is able to handle all paperwork with the Registry of Companies within the Malta Financial Services Authority (MFSA) to form your new company and provide banking solutions. We are able to introduce you to local banks that are crypto-friendly for the opening of bank accounts, and also apply for VAT registration number and tax number.
If you are looking into setting up a Malta cryptocurrency company, send us your request and we’ll get back to you with a detailed quotation and KYC documents needed to kick start your new crypto business in Malta.