Poland is a modern, economically robust European country, committed to growth across all sectors, including offering opportunities for individuals and businesses worldwide to develop cryptocurrency projects.
With the support of Finance-Assistant team, you can seamlessly launch your crypto activities within the European Union, ensuring full compliance with Poland’s stable legal framework.
According to the National Bank of Poland and the Financial Supervision Authority (KNF), any entity that had registered and operated a cryptocurrency business before November 1, 2021, was required to register with the authorities by May 1, 2022. Additionally, the Polish government has been considering the taxation of profits derived from digital assets since the beginning of 2022.
Poland also signed the European Blockchain Partnership (EBP) declaration. Furthermore, after concluding bilateral agreements with 84 countries to prevent double taxation, the country solidified its status as a favorable jurisdiction for cryptocurrency businesses, particularly from a tax perspective.
At present, there is no specific authority in Poland responsible for issuing licenses for cryptocurrency exchange or custody services. To comply with Polish law as a Virtual Asset Service Provider (VASP), businesses must register a limited liability company (Sp. z o.o.) in the trade register, pay a minimum share capital of PLN 5,000 (approximately EUR 1,200), submit Anti-Money Laundering (AML) procedural guidelines, and appoint an AML compliance officer. Completing these steps enables the company to engage in the following activities:
- Exchange of virtual currencies and fiat currencies (e.g., EUR to BTC or BTC to USD)
- Exchange of virtual currencies (e.g., BTC to ETH)
- Custody services, including managing private keys on behalf of clients
Cryptocurrency companies operating in Poland must adhere to European regulatory standards, particularly those outlined in the Anti-Money Laundering Directive (AMLD). These include maintaining an impeccable reputation for the company’s owners and directors, conducting regular Know Your Customer (KYC) procedures, identifying and reporting suspicious or non-standard transactions, and collaborating with regulatory authorities.
Why Choose Poland?
Poland stands out as a progressive European nation, offering a range of advantages that make it an attractive destination for establishing a business. Key benefits include:
- Fully remote company registration or acquisition
- Digital document signing using electronic signatures
- No need to contribute share capital upfront (only a registered amount of PLN 5,000 is required)
- No requirement for physical presence in Poland
- Moderate regulatory oversight
Our team will provide comprehensive support to ensure you meet all these requirements efficiently, enabling your company to start operations quickly and begin generating profit.
Requirements for Obtaining a Crypto License in Poland
Poland offers a crypto-friendly environment with a clear set of requirements for starting cryptocurrency-related activities. To operate legally, you will need to:
- Register a limited liability company (Sp. z o.o.) in Poland
- List the company in the Commercial Register as a Virtual Asset Service Provider (VASP)
- Submit internal Anti-Money Laundering (AML) policies
The company will be regulated by the General Inspector of Financial Information (Generalny Inspektor Informacji Finansowej).
The main legal framework governing virtual currency businesses in Poland is the Polish Act of March 1, 2018, which addresses money laundering and terrorism financing (as consolidated in the Polish Journal of Laws, 2021, items 1132, 1163, and 1535). Specific regulations for cryptocurrency businesses are detailed in Articles 129m to 129z of the Polish Anti-Money Laundering (AML) Act.
Time frames
Company registration: 2-3 weeks
VASP license obtainment: 2-3 weeks
Total time frames: 4-5 weeks
We have ready-made companies with crypto licenses in Poland. We need only 1-2 weeks to finish shares transfer to the new owner.
You can schedule a ZOOM call and discuss your project in details with our qulified specialist !