Where to open a crypto company: Poland, Lithuania, or the Czech Republic?

Where to open a crypto company: Poland, Lithuania, or the Czech Republic?

Where to open a crypto company — is a key question for crypto businesses seeking to operate legally in the EU. Regulators strictly control digital asset transactions, requiring VASP licenses, AML/KYC compliance, and reporting. Moreover, different EU countries offer different conditions for company registration and permitting.

Consultation cost from 250 euros

Poland is the optimal choice for crypto companies

Poland has become a hub for crypto company registration thanks to:

1. VASP License. Registration takes 2–4 weeks, the procedure is simpler than in Lithuania and the Czech Republic.
2. Taxes. CIT rate is 19% or a preferential 9% for small businesses.
3. Bank accounts. It is more realistic to open an account in a Polish bank compared to other EU countries.
4. Regulatory stability. Poland strictly implements AMLD5/AMLD6 directives, but does not overburden businesses with bureaucracy.
5. Recognition in the EU. A VASP license issued in Poland is recognized throughout Europe.

Poland thus offers crypto companies a balance between speed of launch and transparent legalization.

Lithuania: A quick start, but stricter rules

Lithuania has been actively developing its crypto market, offering simple VASP registration. However:

1. since 2023 the requirements have become stricter;
2. the authorized capital has increased (125,000 EUR for crypto exchanges);
3. the Central Bank's control has been strengthened;
4. difficulties with opening bank accounts.

Lithuania remains an interesting jurisdiction, but access to the banking sector is limited, which hinders the work of crypto companies.

We offer a solution at the level of international standards

Czech Republic: Minimal bureaucracy, but weak infrastructure

The Czech Republic offers registration of crypto businesses through the commercial register:

1. low threshold for starting;
2. Simplified reporting for small businesses;
3. fast registration times.

But the Czech Republic has its shortcomings:

1. there is no full VASP license, instead there is registration;
2. it is more difficult to integrate into international payment systems;
3. Banks are cautious about crypto clients.

Cases from practice

1. A client from Warsaw — I opened a crypto exchange and received a VASP license in three weeks. Jurisprudential supported the process and helped me open a bank account.
2. A company from Vilnius — after the legislation became more stringent, the company demanded reorganization. Jurisprudential's lawyers moved the business to Poland.
3. Investor from Prague — I registered a crypto platform but encountered bank rejections. The solution was to move the company to Poland.

Why Choose Jurisprudential

1. Experience registering crypto companies in Poland, Lithuania, and the Czech Republic.
2. Expertise in VASP licenses and AML/KYC compliance.
3. Support in opening bank accounts.
4. International practice: EU, UK and Switzerland.

Сonclusion

Where to open a crypto company? Several jurisdictions are available in the EU, but Poland is the best choice. Quick VASP registration, favorable taxes, and the ability to open a bank account make it a leading country for crypto businesses.

Jurisprudential helps clients obtain a VASP license, prepare AML/KYC documents, and establish a legal business in the EU.