Gibraltar emerges as an attractive hub for crypto businesses, boasting low tax rates, no taxes on dividends, and a corporate tax rate of just 12.5%. This makes the territory especially alluring for cryptocurrency projects.
Furthermore, Gibraltar has established a robust regulatory environment, exemplified by the implementation of the DLT Regulatory Framework. This framework outlines the specific requirements for businesses operating in the blockchain and crypto sector.
Navigating the complexities of obtaining a license in Gibraltar can be challenging, but ERG is here to help. We guide businesses through the application process and ensure compliance with DLT principles. These principles encompass honesty, risk management, governance, client communication, financial resources, resilience, and cybersecurity, all designed to safeguard customers involved in cryptocurrency transactions.
More detail on these principles and the expectations of the Gibraltar Financial Services Commission are set out in the DLT Guidance Notes issued by them which can be viewed at: www.gfsc.gi/dlt
To apply for a DLT Provider Licence from the GFSC, you'll need to submit a thorough business plan and various policy documents outlining how you intend to comply with the Nine DLT Regulatory Principles. Our team is equipped to aid you in this application process.