In this article, we’ll be taking a brief look at 5 European countries that provide the most attractive opportunities in terms of cryptocurrency investing. If you’re a crypto investor seeking to launch a cryptocurrency exchange in the EU, you’ll definitely appreciate the information presented below.
2018 saw the passing of the MDI Act & the Law on DI Registration. The two other pieces of legislation that came into effect the same year included the VF & ITS Acts.
Thus, all those seeking to register a cryptocurrency business in the Republic of Malta can do so on a perfectly legal basis. Another good thing about Malta is that it has a low corporate tax rate and is part of the EEA.
Liechtenstein’s lowest tax rates & investor-friendly legal environment have long been a magnet for potential investors. Crypto investors will particularly appreciate the fact that the local banks allow them to store money in cryptocurrencies & provide them with advice on conducting ICOs in Liechtenstein. The Liechtenstein government is also actively promoting foreign investment by cryptoasset companies.
Located at the very heart of Switzerland, the German-speaking canton of Zug is known not only for its low tax rates, but also for hosting Europe’s first "crypto valley". That’s precisely why crypto investors seeking to launch blockchain startups in Switzerland have been flocking to the country lately. An additional incentive for them is the fact that the Swiss government is taking a proactive stance towards cryptocurrencies by constantly updating Switzerland’s cryptoasset legislation.
Another huge motivation is that under the local legislation, cryptocurrencies are treated as foreign currencies; hence, no capital gains tax is imposed on cryptocurrency traders. The country also hosts the first private bank providing cryptocurrency asset management services in Switzerland.
The cryptocurrencies market in Georgia remains largely unregulated. However, the country’s government has a generally positive attitude towards blockchain technology.
There’s free industrial zones (FIZs) in Georgia, which offer tax benefits for businesses operating there. Electricity rates in the FIZs are provided at reduced prices due to being subsidized. All these factors combined create very favorable conditions for mining cryptocurrencies in Georgia.
The Estonian government is actively promoting cryptocurrencies. Estonia is also the first country to offer e-Residency which enables crypto investors to remotely provide banking services & process payments in Estonia.
And that wraps up our short review of the top 5 countries for cryptocurrency investment. Should you require more information on regulation of cryptocurrency investment in the EU, please, do not hesitate to contact IQ Decision UK. Our team of legal advisors is always on standby to assist you with any legal challenges you might be experiencing in that regard.