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Crypto license in Poland

Support in the issuance of Poland crypto license with a guarantee of a turnkey contract.

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Poland is the first EU country where, on a legislative level, the government has recognised cryptocurrency companies as an independent field of activity. As a consequence, every company has been able to officially register a virtual currency service company and gain access to a large-scale domestic market.

After signing bilateral agreements between Poland and 84 world countries on avoiding double taxation, the country has confirmed its status as a favorable jurisdiction for crypto-businesses from a taxation point of view. For investors wishing to scale a business, it is the most promising option in the European market. The economic status of the Polish state is recognised as a true phenomenon. In the face of the global crisis, Poland is building a strong and stable development concept.

Cryptocurrency license

According to the National Bank and the KNF Financial Supervision Authority: every entrepreneur, to legally operate their business, must obtain an entry in the register. Anyone who has registered and operated a cryptocurrency business before 1 November 2021 needs to get on the register by 1 May 2022. Moreover, the Polish government has considered taxing profits from digital assets from the beginning of 2022. A declaration on the creation of the European Blockchain Partnership (EBP) was signed.

The exchange between cryptocurrencies for fiat money (exchanges, exchangers)

Allows a firm to exchange digital currency for fiat or vice versa for a fee

The exchange between virtual currencies

Required when exchanging cryptocurrency for a fee

Intermediation when exchanging cryptocurrency for fiat money and one cryptocurrency for another

When providing the exchange services as specified before

Maintenance and storage of cryptocurrencies

For companies introducing cryptocurrency wallets to store cryptocurrency, create encrypted client keys, and store them

Service packages for registration of crypto-activity in Poland

Choose the best package of services for obtaining a crypto activity license in Poland

ESSENTIAL

Assistance with company formation and obtaining a crypto registration

€ 2500

Set-up fee

€ 0 /month

Maintenance fee

Dedicated consultant with the fully provided individual approach
accompany with all issues related to the incorporation, Bank account opening, General Inspector of Financial information registration process, answering all the questions over the phone/email/WhatsApp and other connection channels
Full turnkey company formation assistance
remote/by the physical presence (set up appointments with the notary, sworn translation of the documents, organization of otherlegal formalities), state duties and the notary fees are included
Company name of your choice
verification within the Chamber of Commerce and Industry and the EU Intellectual Property Office.
Entry of the company into Beneficial Owner Register
Preparation of the document that shall be submitted to the Beneficial Owners Register for the Client's representative to sign
AML/KYC Policy
Standard AML/KYC procedural rules
Registration of the activities within the regulator
submission of application and registration within General Inspector of the Financial Information, negotiation with the regulator and full support during the entire process until the registration is accomplished. State duties are included
Obtaining Polish Trusted Profile ("EPUAP")
Assistance in preparing the documents and organizing appointments to obtain Polish digital signature and PESEL tax number
Local address of registration
Individual AML/KYC Policy
preparation of Individual Internal Procedural Rules and Anti-Money Laundering & Compliance Manual to comply with GIFI requirements in accordance with the business model of the Client, Provision of recommendations on the further business activities - up to 10 hours
Corporate documents
Full set of apostilled and sworn translated corporate documents (articles and memorandum of association, excerpt from Commercial Register)
Certificate of the Register of Crypto Activity
A notarized, apostilled and sworn translated document confirming that the company is regulated under the laws of Poland
Corporate account
assistance with openinga corporate account under crypto-oriented business B2B and C2B segregated accounts. In case of refusal by the First Financial Institution, we undertake to open a corporate account with another financial institution
Handling the communication with General Inspector of Financial Information (GIFI)
up to 1 hour per month
Local Board Member/AML Officer
with a legal or financial background and skills in the compliance area (required by the law for cryptocurrency exhange and deposit operator) - up to 5 hours per month. Candidate search and employment arrangement is included

Order now

BASIC

Assistance with obtaining Polish digital signature + basic maintenance

€ 3500

Set-up fee

€ 35 /month

Maintenance fee

Dedicated consultant with the fully provided individual approach
accompany with all issues related to the incorporation, Bank account opening, General Inspector of Financial information registration process, answering all the questions over the phone/email/WhatsApp and other connection channels
Full turnkey company formation assistance
remote/by the physical presence (set up appointments with the notary, sworn translation of the documents, organization of otherlegal formalities), state duties and the notary fees are included
Company name of your choice
verification within the Chamber of Commerce and Industry and the EU Intellectual Property Office.
Entry of the company into Beneficial Owner Register
Preparation of the document that shall be submitted to the Beneficial Owners Register for the Client's representative to sign
AML/KYC Policy
Standard AML/KYC procedural rules
Registration of the activities within the regulator
submission of application and registration within General Inspector of the Financial Information, negotiation with the regulator and full support during the entire process until the registration is accomplished. State duties are included
Obtaining Polish Trusted Profile ("EPUAP")
Assistance in preparing the documents and organizing appointments to obtain Polish digital signature and PESEL tax number
Local address of registration
Individual AML/KYC Policy
preparation of Individual Internal Procedural Rules and Anti-Money Laundering & Compliance Manual to comply with GIFI requirements in accordance with the business model of the Client, Provision of recommendations on the further business activities - up to 10 hours
Corporate documents
Full set of apostilled and sworn translated corporate documents (articles and memorandum of association, excerpt from Commercial Register)
Certificate of the Register of Crypto Activity
A notarized, apostilled and sworn translated document confirming that the company is regulated under the laws of Poland
Corporate account
assistance with openinga corporate account under crypto-oriented business B2B and C2B segregated accounts. In case of refusal by the First Financial Institution, we undertake to open a corporate account with another financial institution
Handling the communication with General Inspector of Financial Information (GIFI)
up to 1 hour per month
Local Board Member/AML Officer
with a legal or financial background and skills in the compliance area (required by the law for cryptocurrency exhange and deposit operator) - up to 5 hours per month. Candidate search and employment arrangement is included

Order now

INDIVIDUAL

Individual procedural rules in accordance with business model

€ 5000

Set-up fee

€ 35 /month

Maintenance fee

Dedicated consultant with the fully provided individual approach
accompany with all issues related to the incorporation, Bank account opening, General Inspector of Financial information registration process, answering all the questions over the phone/email/WhatsApp and other connection channels
Full turnkey company formation assistance
remote/by the physical presence (set up appointments with the notary, sworn translation of the documents, organization of otherlegal formalities), state duties and the notary fees are included
Company name of your choice
verification within the Chamber of Commerce and Industry and the EU Intellectual Property Office.
Entry of the company into Beneficial Owner Register
Preparation of the document that shall be submitted to the Beneficial Owners Register for the Client's representative to sign
AML/KYC Policy
Standard AML/KYC procedural rules
Registration of the activities within the regulator
submission of application and registration within General Inspector of the Financial Information, negotiation with the regulator and full support during the entire process until the registration is accomplished. State duties are included
Obtaining Polish Trusted Profile ("EPUAP")
Assistance in preparing the documents and organizing appointments to obtain Polish digital signature and PESEL tax number
Local address of registration
Individual AML/KYC Policy
preparation of Individual Internal Procedural Rules and Anti-Money Laundering & Compliance Manual to comply with GIFI requirements in accordance with the business model of the Client, Provision of recommendations on the further business activities - up to 10 hours
Corporate documents
Full set of apostilled and sworn translated corporate documents (articles and memorandum of association, excerpt from Commercial Register)
Certificate of the Register of Crypto Activity
A notarized, apostilled and sworn translated document confirming that the company is regulated under the laws of Poland
Corporate account
assistance with openinga corporate account under crypto-oriented business B2B and C2B segregated accounts. In case of refusal by the First Financial Institution, we undertake to open a corporate account with another financial institution
Handling the communication with General Inspector of Financial Information (GIFI)
up to 1 hour per month
Local Board Member/AML Officer
with a legal or financial background and skills in the compliance area (required by the law for cryptocurrency exhange and deposit operator) - up to 5 hours per month. Candidate search and employment arrangement is included

Order now

EXTENDED

Corporate account for operating activity and set of corp. documents

€ 6500

Set-up fee

€ 95 /month

Maintenance fee

Dedicated consultant with the fully provided individual approach
accompany with all issues related to the incorporation, Bank account opening, General Inspector of Financial information registration process, answering all the questions over the phone/email/WhatsApp and other connection channels
Full turnkey company formation assistance
remote/by the physical presence (set up appointments with the notary, sworn translation of the documents, organization of otherlegal formalities), state duties and the notary fees are included
Company name of your choice
verification within the Chamber of Commerce and Industry and the EU Intellectual Property Office.
Entry of the company into Beneficial Owner Register
Preparation of the document that shall be submitted to the Beneficial Owners Register for the Client's representative to sign
AML/KYC Policy
Standard AML/KYC procedural rules
Registration of the activities within the regulator
submission of application and registration within General Inspector of the Financial Information, negotiation with the regulator and full support during the entire process until the registration is accomplished. State duties are included
Obtaining Polish Trusted Profile ("EPUAP")
Assistance in preparing the documents and organizing appointments to obtain Polish digital signature and PESEL tax number
Local address of registration
Individual AML/KYC Policy
preparation of Individual Internal Procedural Rules and Anti-Money Laundering & Compliance Manual to comply with GIFI requirements in accordance with the business model of the Client, Provision of recommendations on the further business activities - up to 10 hours
Corporate documents
Full set of apostilled and sworn translated corporate documents (articles and memorandum of association, excerpt from Commercial Register)
Certificate of the Register of Crypto Activity
A notarized, apostilled and sworn translated document confirming that the company is regulated under the laws of Poland
Corporate account
assistance with openinga corporate account under crypto-oriented business B2B and C2B segregated accounts. In case of refusal by the First Financial Institution, we undertake to open a corporate account with another financial institution
Handling the communication with General Inspector of Financial Information (GIFI)
up to 1 hour per month
Local Board Member/AML Officer
with a legal or financial background and skills in the compliance area (required by the law for cryptocurrency exhange and deposit operator) - up to 5 hours per month. Candidate search and employment arrangement is included

Order now

FULL

Board Member/AML Officer with local residence and official employment + entire maintenance

€ 8000

Set-up fee

€ 1595 /month

Maintenance fee

Dedicated consultant with the fully provided individual approach
accompany with all issues related to the incorporation, Bank account opening, General Inspector of Financial information registration process, answering all the questions over the phone/email/WhatsApp and other connection channels
Full turnkey company formation assistance
remote/by the physical presence (set up appointments with the notary, sworn translation of the documents, organization of otherlegal formalities), state duties and the notary fees are included
Company name of your choice
verification within the Chamber of Commerce and Industry and the EU Intellectual Property Office.
Entry of the company into Beneficial Owner Register
Preparation of the document that shall be submitted to the Beneficial Owners Register for the Client's representative to sign
AML/KYC Policy
Standard AML/KYC procedural rules
Registration of the activities within the regulator
submission of application and registration within General Inspector of the Financial Information, negotiation with the regulator and full support during the entire process until the registration is accomplished. State duties are included
Obtaining Polish Trusted Profile ("EPUAP")
Assistance in preparing the documents and organizing appointments to obtain Polish digital signature and PESEL tax number
Local address of registration
Individual AML/KYC Policy
preparation of Individual Internal Procedural Rules and Anti-Money Laundering & Compliance Manual to comply with GIFI requirements in accordance with the business model of the Client, Provision of recommendations on the further business activities - up to 10 hours
Corporate documents
Full set of apostilled and sworn translated corporate documents (articles and memorandum of association, excerpt from Commercial Register)
Certificate of the Register of Crypto Activity
A notarized, apostilled and sworn translated document confirming that the company is regulated under the laws of Poland
Corporate account
assistance with openinga corporate account under crypto-oriented business B2B and C2B segregated accounts. In case of refusal by the First Financial Institution, we undertake to open a corporate account with another financial institution
Handling the communication with General Inspector of Financial Information (GIFI)
up to 1 hour per month
Local Board Member/AML Officer
with a legal or financial background and skills in the compliance area (required by the law for cryptocurrency exhange and deposit operator) - up to 5 hours per month. Candidate search and employment arrangement is included

Order now

Persons who deal with virtual currencies and representatives of Polish cryptocurrency companies must have knowledge or experience related to activities in this field. If requested by the regulatory authority, proof of this requirement should be provided.

Alternative solution

Ready-made company with crypto authorizations in Poland

Upon Request

Price

2-3 weeks

Duration

Order now

Process and Timeline

After 7-9 weeks company will be fully registered as a Virtual Asset Service Provider and 3-4 weeks will be required extra to become fully operative and open a Bank account

Stage 1

PRELIMINARY PROJECT ASSESSMENT

1-2 days

Result

Process

Basic information was collected from the Client; Has been provided preliminary documents set for further Power of Attorney (PoA) drafting; the scope of the project and budgets are clear.

Collecting preliminary set of the documents from the Client side:

1.An up-to-date copy of the passport of the country of residence (scan)
2.A business model of the company (brief description 1-2 A4 pages)
3.Preferred company name is provided
4.Filled customer profile(s) from all the participants of the project are collected
5.Address of residence for each participant is provided

1.Budgets and scope of the project are approved according to the initial workshop
2.Gofaizen & Sherle operational department has drafted PoA and shared it with the Client along with further steps

Stage 2

REGISTRATION OF LIMITED LIABILITY COMPANY (spółka z organiczona odpowiedzialnoscia or Sp.z o.o.) in Poland upon documents receipt on hands

3-4 weeks

Result

Process

1.Sworn translation of powers of attorney into Polish language
2.Conducting a trnsaction to establish a company through a notary
3.Entry of the provision in the commercial register

Stage 3

Pre-application works

3 weeks

Result

Process

1.Preparation of the AML/KYC polices adapted under the company type of crypto oriented activity
2.Training course & Preparation of the AML Officer and adaptation of his skills to the activities of the company. Reporting guidance to the Lithuanian Financial Crime Investigation Unit (FNTT)
3.Submiting the application and registration within Virtual Currencies Business Activity Register
4.Leading the Client and conducting negotiations with the regulator and full support during the entire process until the registration is accomplished

Stage 4

BANK ACCOUNT AND MAINTANANCE

2-4 weeks

Result

Process

The company is fully operative; the Corporate account is opened and the entity is in compliance with tax authority requirements (accountant integrated) and supervisory regulator as the virtual asset service provider.

Corporate account

1.Initial data for corporate account opening was collected
2.Conducted preliminary assessment and match for suitable Financial Institution for further corporate account opening
3.Application submitted and corporate account opened (C2B & B2B segregated); Upon request acquiring is connected

Maintenance

1.Accounting and bookkeeping services (payroll reports; reports on transactions; annual and statistical reports, etc.)
2.Tax advisory, upon request
3.MLRO - minimum 5 hours per month; further engagement as per request
4.Gofaizen & Sherle assistance in communication with regulatory authorities in case of any uprising issues on the course of conducting operating activity
5.Local professional Director - seeking for the candidate and integration into the company structure
6.Address of registration

Requirments

Advantages

Additional services

Company shall submit apostilled copies of documents of all owners and senior managers

Company owners and directors are required to have an impeccable reputation, which means no convictions for violations of the law: against state authorities, justice, economic turnover, trading in securities and money; intentional financial crimes.

Company shall pay in the authorized capital of 5000 PLN (100% of the amount to be paid at the time of registration)

Company shall have AML/KYC policies, control, and risk monitoring rules.

Identify and verify clients before setting up business relationships or when a transaction exceeds a certain amount

Company must prepare reports to the regulator

Company must keep records and client data

Favorable jurisdiction for crypto business from a tax perspective

The progressive view of cryptocurrency operations by the Polish government

Development of the virtual currency and blockchain landscape

Relatively uncomplicated procedural requirements to obtain a license

The relatively short timeframe for opening a crypto company

Entry into a large-scale domestic market

Apostilled Passport copies of all related persons from all countries of citizenship

CVs (resumes) of all related persons

Share capital minimum 2 500 EUR (could be deposited on the latter step)

Local address for government correspondence

Management board must have a good business reputation

The compliance officer (MLRO) must prove impeccable business reputation, i.e. provide supporting documents regarding education, skills and reputation

MLRO should be officially employed by the company and have ability to correspond with Financial Crime Investigation Unit in Lithuanian language

Adapted under business model individual AML/CFT procedural rules and internal control policies

Company must identify and verify customer before establishing business relationship or when the operation exceeds certain amount

Company must Report to FNTT

Company must keep records and client data

Requirments

Opportunities

Additional services

Company shall submit apostilled copies of documents of all owners and senior managers

Company shall pay in the authorized capital of 5000 PLN (100% of the amount to be paid at the time of registration)

Company shall have AML/KYC policies, control, and risk monitoring rules.

Identify and verify clients before setting up business relationships or when a transaction exceeds a certain amount

Company must prepare reports to the regulator

Company must keep records and client data

Favorable jurisdiction for crypto business from a tax perspective

The progressive view of cryptocurrency operations by the Polish government

Development of the virtual currency and blockchain landscape

Relatively uncomplicated procedural requirements to obtain a license

The relatively short timeframe for opening a crypto company

Entry into a large-scale domestic market

Apostilled Passport copies of all related persons from all countries of citizenship

CVs (resumes) of all related persons

Share capital minimum 2 500 EUR (could be deposited on the latter step)

Local address for government correspondence

Management board must have a good business reputation

The compliance officer (MLRO) must prove impeccable business reputation, i.e. provide supporting documents regarding education, skills and reputation

MLRO should be officially employed by the company and have ability to correspond with Financial Crime Investigation Unit in Lithuanian language

Adapted under business model individual AML/CFT procedural rules and internal control policies

Company must identify and verify customer before establishing business relationship or when the operation exceeds certain amount

Company must Report to FNTT

Company must keep records and client data

A comprehensive and tailored approach

Gofaizen & Sherle provides comprehensive services under one roof, allowing clients to plan and prioritize their chosen strategy in a very short time and with limited resources. We offer a wide range of services, including consultancy, legal services, and company formation, which focus on the optimal implementation of business strategies.

Versatile experience

You will receive legal and management consultancy services of the highest caliber, thanks to the many years of experience of our highly qualified professionals. Each client receives comprehensive assistance with business development and support. Every task is tailored to the client's needs, the specifics of the business and the legislation of the particular country.

Long-term partnerships

Our company establishes a relationship of trust and long-term commitment with our customers. An indication of Gofaizen & Sherle's high level of service is the cooperation with our customers on an ongoing basis.

A comprehensive and tailored approach

Versatile experience

Long-term partnerships

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FinTech lawyers in Poland

Vlad Martonov

Position:

Partner, Consultant

Phone:

(+370) 66108308

Email:

[email protected]

Maksim Gasanbekov

Position:

Senior Associate, Consultant

Phone:

(+370) 66108308

Email:

[email protected]

TESTIMONIALS

Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.

Vladimir Nosov

CEO

Whitebit

Payeer OÜ is grateful to Gofaizen & Sherle team for their professional personalized approach. We were presented with quick results and efficient replies. For us it was easy and pleasantly to work with the specialists of G&S and we hope for fruitful continuous cooperation.

Liubov S

CEO

Payeer OÜ

Working with Gofaizen & Sherle team was a real pleasure. Their high level of professionalism and expertise made our journey through the process of establishing and licensing of our company really easy and time efficient. G&S is a trusted partner for us in any topics related to FinTech business.

Edward Kost

CEO

VULTURE OÜ

We are very pleased with the proficiency, expertise and efficiency that the team of Gofaizen & Sherle showed while delivering our project. Their commitment and approach determine the high quality of services they provide. The competence of the legal advisors in the team of G&S made them a trusted long term partner for us.

Bar El

CEO

UAB GetCoins

Gofaizen & Sherle has proven itself as a reliable business partner and highly qualified legal advisor. Our cooperation with Gofaizen & Sherle on many projects has been professional and effective. Extensive expertise, meeting deadlines, being responsive and attentive to every issue distinguish the Gofaizen & Sherle team from other firms. We look forward to working with Gofaizen & Sherle again in the future.

Nikita Tepikin

Managing Partner

Legal Kornet

The Manimama OU team would like to thank Gofaizen & Sherle for their professionalism and the quality of the work. Gofaizen & Sherle team has provided us with clear and practical legal advice on various issues including creating of the VASPs in Baltic states and other legal advices. Gofaizen & Sherle's knowledge and expertise base are very deep and they understand the complexities and nuances of many really difficult cases. We strongly recommend their services

Ganna Voievodina

CEO

Manimama OÜ

At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it’s been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!

Victor Romero

CEO

UAB Pilsenga

Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for ’’high risk” business, human resources acquisition etc. Highly recommended!

Roman Potemkin

Founder & CEO

TRASTRA

Gofaizen & Sherle are true professionals, everything related local incorporation, business management and financial licenses I know I can trust getting always 100% service, knowledge and value. Good prices and highly valuable service this what makes them as a solid partner.

Ben Richter

CEO

Ventures X

Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.

Thomas Zelias

CEO

UAB TalentChain

Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.

Vladimir Nosov

CEO

Whitebit

Liubov S

CEO

Payeer OÜ

Edward Kost

CEO

VULTURE OÜ

Bar El

CEO

UAB GetCoins

Nikita Tepikin

Managing Partner

Legal Kornet

Ganna Voievodina

CEO

Manimama OÜ

Victor Romero

CEO

UAB Pilsenga

Roman Potemkin

Founder & CEO

TRASTRA

Ben Richter

CEO

Ventures X

Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.

Thomas Zelias

CEO

UAB TalentChain

Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.

Vladimir Nosov

CEO

Whitebit

Liubov S

CEO

Payeer OÜ

Edward Kost

CEO

VULTURE OÜ

Bar El

CEO

UAB GetCoins

Nikita Tepikin

Managing Partner

Legal Kornet

Ganna Voievodina

CEO

Manimama OÜ

Victor Romero

CEO

UAB Pilsenga

Roman Potemkin

Founder & CEO

TRASTRA

Ben Richter

CEO

Ventures X

Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.

Thomas Zelias

CEO

UAB TalentChain