Poland is considered one of the most profitable countries to obtain a crypto license. The government welcomes the ICO, blockchain, and all that concerns cryptocurrencies in general. Poland is open to cryptocurrencies, and local rules are considered loyal and innovative, especially compared to other EU member states. In this jurisdiction, a licence can be obtained in a relatively short period of time with adequate preparation and analysis of data related to the company’s activities. The Law on Combating Money Laundering and Terrorist Financing has introduced new reliable rules for crypto business, so if you get a license to exchange cryptocurrencies or a license to maintain a virtual currency wallet in Poland, you can conduct fully legal activities, legally protected. In the context of taxation, the government classifies cryptocurrencies as digital assets, but does not subject them to VAT.
Taxation. It is subject to a corporate tax (capital gains tax) at 19%, although it is possible to tax at a preferential rate of 15%. Income tax on exchange of virtual currency for virtual or fiat currency is from 17% to 32% in accordance with progressive taxation. Requirements for board members and territorial location. Minimum 1 shareholder (natural or legal person). 1 director (may be the same shareholder, but only an individual). AML compliance officer. Office space. Confirmation of local office required.
The cost of obtaining crypto license in Poland can vary greatly depending on the sphere of activity of the company, the state in which the license is obtained, the size of the business, from what guarantees of «reliability» the recipient can provide.