Launching a Crypto Exchange and Wallet in the EU vs. the US: Guide by Merkeleon
The EU, distinct from its American counterpart, offers several enticing prospects:
Global scale: Any of the EU-issued crypto licenses (except for
Rapid Market Entry: The EU trumps with a swift 1-2 month licensing procedure, compared to the US’s extended 6-12 months timeline.
Cost Efficiency: Depending on the country, the cost of doing business—including legal fees, salaries, and rent—may be lower than in the US.
Initial Capital Requirements: EU jurisdictions have less stringent capital requirements, making it easier for startups to enter the market: initial costs are 16 000 – 10 000$ + 35% from the 133 000 $ share capital requirement.
Taxation:
- In
Lithuania , the corporate income tax is 5-15%, while the tax rate on dividends is fixed at 15%. - In the
Czech Republic , the corporate income tax rate is 19%. The tax rate on dividends is 15%. - The corporate income tax rate in
Poland is 9-19%. The tax rate on dividends is the same: 9-19%.
Read the full article at the guide.
About Merkeleon
Merkeleon has been developing crypto exchange software and crypto wallet white label solutions since 2014, offering scalable one-stop turnkey solutions for crypto business.
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SOURCE Merkeleon