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
- BVI Cryptocurrency Licensing and Regulations
- Canada MSB Crypto License
- Czech Republic – Crypto License
- Isle of Man Cryptocurrency
Exchange & Trade
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 - Forex
Institutions (EMI - PSP)
- Canada MSB
Alternative to EU EMI license
A Location for E-Money and Payment Institutions
Ireland EMI License
Payment Intermediary Services
Online Payment Services Provider (PSP)
- New Zealand FSP
Financial Services Providers
One of the World’s Prime Location for
E-Money and Payment Institutions
- BVI Hedge Funds
- Panama PIF20 – PIF50
Private Placement Funds in Panama
- UK PFLP
Private Fund Limited Partnerships
- Luxembourg - Private Asset
Management Company (SPF)
- Luxembourg SOPARFI
Holding & Finance Company
- Vanuatu Securities Dealers
Foreign Exchange (FX)
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.
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.
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!
You would like to discuss with us
You can either call or email us.
One of our Customer Representatives will be most pleased to help and assist you
The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium Legal Lab and shall be applied with prior consultation.
Atrium Legal Lab does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.
The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.
Atrium Legal Lab is not a bank, nor does it provide banking services. Atrium Legal Lab offers international company formation, corporate administration services, and bank/broker introductory services and account opening assistance.
This website is only used for promotional marketing purposes of Atrium Legal Lab and is not intended to portray that this is the site of a bank. All prospective clients should consult a properly qualified tax professional in their own country to determine their own tax implications prior to embarking on any strategy described in this website. Since laws in each country are different, constantly change and can be subject to different interpretations by courts of law, any information herein regarding tax minimization needs to be verified by such competent counsel. While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium Legal Lab Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.
Atrium Legal Lab accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.
Due to our internal policies to prevent fraudulent activities or violations of our internal AML policies we are regretting that we do not provide consultations, email support, on-boarding activities and customer care to all OECD black listed countries and their citizens / entities.