poland

Our List of Services in Poland

If you are seeking a crypto license in Poland, our team of experts can provide comprehensive services to assist you through the entire process. Our services cover the following:

• Complete company registration services, including payment of all relevant state fees;
• Complete list of services regarding the register of beneficiaries and tax returns;
• Assistance in finding and renting a legal office;
• Assistance in obtaining a tax identification number PESEL for non-residents of Poland;
• Collection of all necessary documentation required for registering the company in the cryptocurrency registry, along with payment of any relevant public service fees;
• Conducting checks to ensure that the company meets all necessary AML requirements;
• Registration of the company in the virtual services registry.
• The procedures can take up to two weeks upon submission of all relevant paperwork.

Crypto Permit Issuance

The issuance of a cryptocurrency license in Poland is carried out by the Polish Financial Inspectorate, the regulatory body responsible for overseeing and regulating financial activities in the country.

Crypto-Related Taxes in Poland

Regarding taxes, companies engaging in cryptocurrency activities in Poland are subject to a corporate tax rate of 9% for sales up to €2 million per year. If sales exceed this amount, the tax rate is 19%. In addition, a Value Added Tax (VAT) rate of 23% applies as the standard rate for all transactions.

Filing of Reports

Regarding compliance requirements, Polish companies engaged in crypto activities must maintain accurate accounting records and file various reports and declarations regularly. These include monthly or quarterly VAT and tax payments, annual income tax filings (CIT), and an annual financial report.

Advantages of Poland Cryptocurrency License

Obtaining a crypto license in Poland comes with a range of benefits, including the following:

• A fast and straightforward set-up process.
• A liberal European economy with growing prestige.
• The ability to engage in a variety and a growing number of cryptocurrency-related business activities. 
• Standard compliance requirements are simple to implement and relatively inexpensive.

Working Without a Crypto License in Poland

Operating without a cryptocurrency license in Poland is not advisable, as violators will face financial penalties, public warnings, and potential termination of agreements with banks and other financial institutions.

In Poland, obtaining a cryptocurrency license grants the legal ability to engage in domestic and international digital currency activities.

A MIP (small payment institution) license is required for domestic operations, whereas a KIP (national payment institution) license is necessary for international transactions.

The license allows for various activities involving cryptocurrencies, such as: 

• Exchanging digital currencies. 
• Converting cryptocurrency into real money and vice versa. 
• Providing intermediary services for such transactions. 
• Creation and offering of virtual wallets for storage purposes.

Crypto License Applicant Requirements 

• To apply for the license, the applicant must be a registered legal entity with a clear criminal record and no history of fraudulent transactions or scams. 
• The directors and managers of the company must also demonstrate their expertise and knowledge in cryptocurrency through special training and relevant documentation. 
• The applicant must develop a comprehensive business plan.
• Provide a 3-year financial plan and list the services. 
• Establish measures to prevent theft, fraud, terrorism financing, and suspicious cryptocurrency transactions.