Licensed Crypto Company in Poland

Business proposal for:

Company formation in Poland with a crypto license

Reputable European jurisdiction

Low share cap ital requirement

Financial services are not subject to VAT

Access to educated labour

 INTRODUCTION
The regulatory environment is fairly new in Poland, following leads of a few other European jurisdictions. This
makes it attractive and simple for crypto investors and entrepreneurs become interested in incorporating.

Poland sets a great example for more conservative European countries with its crypto-friendly approach. It
encourages foreign businessmen to shift their business operations to Poland due to the friendly crypto climate
and low entrance barrier for a licensed crypto activity.

Activities possible with this license:

• Exchange services between virtual assets and fiat currencies
• Services of safekeeping, or safekeeping and administration of virtual assets or of instruments that enable the

control, ownership, storage or transfer of such assets, including private encrypted keys

Taxes
• Corporate Income Tax: 9-19%
o 9% if turnover (revenue, not profit) is up to 2 million EUR per year or 19% if more
o If the threshold of 19% is exceeded, then 19% applies also to the initial 2 million EUR;
• Dividend Payout: up to 19%
• VAT: 23%
Duration
• Incorporation: 5-7 days
• License obtainment: 30-40 days
• Bank Account: 14-30 days

MINIMUM REQUIREMENTS
Description of your planned business activity
Certified copy of the passports of all participants
CVs from all participants
Share capital in the amount of 5000 ZL (around 1.070 EUR)
Legal address in Poland
Set of documents with a focus on AML- and internal control processes
Certificate of criminal record from all participants’ place of citizenship (only in certain cases)
 CHARGES AND FEES
Packages Minimum Standard Plus
Package Package Package
1 month around 2 months around 2-3 months
Total Sum 7250 EUR 14.500 EUR 26.000 EUR

Cryptocurrency license application

4.100 EUR + +
assistance
Drafting of AML policies and procedures 2.400 EUR + +
Due Diligence Procedure (per person) 750 EUR +
Company Formation 4.550 EUR +
Registered legal company address - 1.250 EUR
for a year
Purchasing of Polish qualified 350 EUR
e-signatures (per shareholder)
- +
Mandatory AML Courses to prove the 350 EUR
industry expertise of the founding team - +
(per person)
Accounting Services
- On request
(yearly fee, include up to 20 transaction/month and -
yearly statement)
Bank Account (assistance) - - 3.800 EUR
Merchant Account (assistance) free
- -
Set of corporate documents translated free
into English - -

Total Sum (2nd year) 200 EUR 1.450 EUR 10.000 EUR

Annual Compliance (per person) 200 EUR 200 +

Registered address/ Local contact 1.250 EUR
person - +
Accounting Services
(yearly fee, include up to 20 transaction/month and - - +
yearly statement)
Updated set of corporate documents - - +
Yearly Self-Assessment AML check - - +
All figures are in Euro (€)
All stated fees are excluding VAT

3
 ADDITIONAL SERVICES
Bank Account (assistance) 3.800 EUR
Individual Bank Account (assistance) 1.250 EUR

MLRO-AML Officer for your company (recruitment assistance)

a) Formulating requirements
b) Collecting and analyzing submitted CVs
2.500 EUR / month
c) Interviewing fitting candidates
d) Assisting you and the candidate to get into a written
employment agreement
e) Up to 5h/ month of written assistance

Rent a dedicated office space 800 EUR

(one-time fee)
Trademark Registration On request
VAT/ EORI application 450 EUR
Set of corporate documents
1.850 EUR
(certified, translated, notarized, and delivered to your address)
Merchant account (assistance and introduction) On request

ADDITIONAL LEGAL & AML DOCUMENTS

Transaction monitoring procedure 1.350 EUR
Assessment of AML /CFT risk (enterprise-wise risk 1.850 EUR
assessment)
Filing registration logs 700 EUR
Internal control forms 900 EUR
AML/CFT Training materials 2.250 EUR
Terms & Conditions (per item) 2.250 EUR
Risk disclaimer (on a website) 600 EUR
Referral agreemen 750 EUR
Investment scam warning 780 EUR
FULL document package
11.430 EUR
(all documents listed above)

Token related documents

Legal Opinion (based on Whitepaper) 6.300 EUR
SAFT Agreement 3.000 EUR