Cryptocurrency License in the Isle of Man
Set up Cryptocurrency Company in I.O.M.
To legally carry out your
Cryptocurrency Exchange & Trade
Registration in the I.O.M.
Designated Business Registration
Cryptocurrency
Licensing Services
- BVI Cryptocurrency Licensing and Regulations
- Canada MSB Crypto License
- Czech Republic – Crypto License
- Ireland
Cryptocurrency
Company - Isle of Man Cryptocurrency
Exchange & Trade - Lithuania
Crypto Exchange & Wallet License - Cyprus Brokerage Services
Forex Trading License - Labuan Money Broker License (Forex)
- Mauritius Investment Dealer
& Broker License - Seychelles Securities Dealers License, Forex
- Vanuatu Securities Dealers
Licenses - ForexE-Money
Payment Services
Institutions (EMI - PSP)- Canada MSB
Alternative to EU EMI license- Ireland
A Location for E-Money and Payment Institutions
Ireland EMI License- Mauritius
Payment Intermediary Services
Online Payment Services Provider (PSP)- New Zealand FSP
Financial Services Providers- Singapore
One of the World’s Prime Location for
E-Money and Payment InstitutionsInvestment Funds
- BVI Hedge Funds
- Panama PIF20 – PIF50
Private Placement Funds in Panama- UK PFLP
Private Fund Limited PartnershipsAsset Management
Company- Luxembourg - Private Asset
Management Company (SPF)- Luxembourg SOPARFI
Holding & Finance Company - Vanuatu Securities Dealers
Foreign Exchange (FX)
Securities Dealer
License
Cryptocurrency Trade and Exchange
The Isle of Man’s financial services regulator has sped up the approval process for cryptocurrency firms wishing to register there during the pandemic.
The Isle of Man Financial Services Authority (IOMFSA) will now allow a crypto businesses to apply for a ‘subject to’ registration’ under the Designated Businesses (Registration and Oversight) Act 2015.
Most relevant reasons to locate Crypto Exchange in the Isle of Man
Designated Business, Registration Policy, The Fit and Proper Test
Isle of Man Cryptocurrency Laws
Financial Authority Adopts Stricter Requirements, Substance Requirements
How long will an application take?
Crypto Exchange in the Isle of Man
For those looking for a stable, safe and secure jurisdiction from which to operate a cryptocurrency exchange, the Isle of Man can provide your exchange with the regulatory certainty required to operate and compelling financial reasons to base your business here.
With the Financial Services Authority’s guidance on how crypto-assets are classified you can quickly gain regulatory certainty on whether your coin/token will be considered a security, an investment, a utility token, e-money or something else. Chart 1, which you can check here on IOMFSA website and Chart 2 which you can check here on IOMFSA website may assist in determining the nature of the token in question for many common token types but if you have questions on where your digital asset may fit in please do contact us!
The FSA has built a reputation for the timely introduction of new legislation and regulation, ahead of the curve but in a manner as to not stifle innovation. For example, digital assets were brought under the Proceeds of Crime Act in April 2015 and the Designated Business (Oversight and Registration) Act in October 2015. This helped the sector by allowing companies to demonstrate oversight with regards to Anti Money Laundering procedures by a respected regulator whilst not being restricted by a regulatory framework whilst the sector is still developing. This in turn helps exchanges with B2B relationships such as those with investors, PSP’s and banks by demonstrating MLRO’s are in place along with effective on-boarding and monitoring principles.
Further guidance from the FSA on Token / Crypto-asset Activity and Regulation can be found here.
Need a sandbox environment to test and shape new products? The Isle of Man can help with guidance and conditional licensing to help shape your exchange into a compliant product ready for the mass market.
The Isle of Man has an existing ecosystem of service providers with award winning experience and knowledge of the blockchain sector. Knowledgeable legal and professional experts are available providing advisory, consultancy and corporate services, whilst a network of individuals from a variety of blockchain related sectors can be met at regular blockchain showcases and meet-ups. Co-working spaces servicing the blockchain sector in the Isle of Man provide a great environment for networking with your peers.
The Isle of Man Government is strongly supportive of the blockchain sector and FinTech meaning your exchange is welcome to locate on the Island and take advantage of the support offered. From Financial Assistance for setting up offices to the Employee Relocation Incentive the Government is here to help you attain your goals. An account manager will be assigned to you giving you a direct and personal route into the Department for Enterprise to provide any assistance you need.
0% Corporate Tax, No Capital Gains Tax, No Inheritance Tax, Key Employee Concession and grants for a variety of costs such as office equipment, rent, marketing, training and others make compelling financial reasons to base your business in the Isle of Man. Low personal Income Tax rates ensure the Isle of Man is also financially attractive to staff lucky enough to be based here.
The Isle of Man provides a safe, secure and stable environment for exchanges to prosper and flourish. The lowest crime rate in the British Isles means your staff can feel safe and the longest continually running parliamentary body on Earth (1100 years!) backing the blockchain sector provides the stability and security your exchange needs to feel safe. Carrier class telecoms infrastructure that has provided for the requirements of the largest online gambling businesses over the last decade or two will ensure your exchange keeps running no matter what.
Believe me, your staff will love life on the Isle of Man. A beautiful, safe, family friendly place to live with great community spirit in the 85,000 population, great infrastructure and plenty of open space, sport, culture, history and nature. The Isle of Man is the only entire Island jurisdiction to be granted UNESCO Biosphere status and the natural landscape is breath-taking.
Licensing Services
Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.
Atrium Legal Lab does not carry out any sort of cryptocurrency business trade or financial service!
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