The government does not prohibit cryptocurrency activities but applies strict rules to their regulation. Despite this, getting a license for cryptocurrency is a profitable and lucrative investment.
In addition to strict requirements to regulate cryptocurrency and having a license for this activity, Slovakia allows disclosure of corporate information and works to strengthen security protocols and oversight.
All cryptocurrency businesses are subject to checks and identification. Such requirements have been received from the EU, which Slovakia has implemented in state rules and regulations.
In March 2018, Slovakia passed laws on cryptocurrency. Following these laws, all profits that were derived from cryptocurrency transactions fall under taxation.
It should be emphasized that companies involved in cryptocurrency activities in Slovakia can use various tax incentives.
For example, a 200% discount for R&D projects, in case the project costs can be deducted twice from the tax base. This is due to 70 international agreements, which allow eliminating double taxation. Slovakia provides an opportunity for residents to protect their profits from double taxation in different countries.
Anti-money laundering (AML) laws and KYC regulations apply to regulation and licensing. In addition, all regulators are allowed access to corporate information
Service tokens | Security tokens |
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Bound to a specific platform | Are an investment |
You can buy access to a service or product | You can buy a share of the company, shares |
LLC (Limited Liability Company) | Joint Stock Company |
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This is the most common type of company for registration in Slovakia | Registration of an open joint stock company, if the number of shareholders exceeds 50 members. Shares in the company - registered, bearer securities are not used. |
The minimum amount of the authorized capital must be 5000 EUR. The number of founders - at least 50 people, with a minimum contribution from each person not less than 750 EUR. | The amount of the authorized capital from 25000 EUR. The entire contribution is divided into shares, which have a certain value. |
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