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Crypto Providers in Ireland
The perfect gateway to Crypto trade in the European Union
Set up your Crypto Trade company in Ireland
Virtual Asset Service Providers (VASPs)
If you are seeking to plan your affairs, then you should be talking to us!
Open A Cryptocurrency Company in Irelandmanutencao2021-11-17T15:01:24+00:00
Licensing Services Our Company Services
Services we DO and Services we DO NOT DO
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly registered and licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency business activities.
TBA & Associates Tax Business Advisors Limited does not carry out any sort of Cryptocurrency Business Trade
Why should you get registered as a
Virtual Asset Service Provider in Ireland?
Ireland is the perfect gateway to do business and trade Bitcoin in the European Union; one of the oldest bitcoin services providers, BitEx is based in Ireland; Ireland hosts multiple global financial and information technology giants; Corporate taxation in Ireland is low at 12.5%; Blockchain Association of Ireland is bullish about the current state of the world’s most popular cryptocurrency.
Over 430 Financial Services companies are operating from Ireland today, including twenty of the Top 25 Global Institutions.
Ireland’s unique ecosystem has led to the development of the world-class fintech sector that continues growing every year. Recently, the country published a new Strategy for the International Financial Services Industry called “Ireland for Finance”, which outlines ambitious targets for the development of the IFS industry in Ireland and Dublin acting as the leading Financial Services hub.
Ireland is an excellent location for Research Development & Innovation, as the country provides funding support, including tax credits and funds aid by IDA Ireland.
Virtual Assets Service Providers authorised in Ireland are eligible to passport to other EEA member states. These are some great reasons to Open A Cryptocurrency Company in Ireland.
Cryptocurrency Regulation in Ireland
The Central Bank of Ireland is a regulator of all Financial Services companies in Ireland. Fintech companies established in Ireland benefit from streamlined procedures, reduced bureaucracy and no Development fees.
Central Bank of Ireland
New Legislation and Rules in place since 23 April 2021
Virtual asset service providers (VASPs) operating in Ireland are now subject to Ireland’s AML/CFT framework and must register with the Central Bank of Ireland.
A VASP carrying on business in Ireland is now a “designated person” for the purposes of the Irish anti-money laundering (AML)/countering the financing of terrorism (CFT) framework, meaning that it is subject to AML/CFT obligations generally, and will need to register with the Central Bank of Ireland (CBI). These requirements came into effect on 23 April 2021.
The 2021 Act provides a specific registration regime for Virtual Asset Service Providers (VASPs). For the purposes of the legislation, VASPs are firms that provide any of the following services relating to virtual assets:
1. exchange between virtual assets and fiat currencies; 2. exchange between one or more forms of virtual assets; 3. transfer of virtual assets, that is to say, to conduct a transaction on behalf of another person that moves a virtual asset from one virtual asset address or account to another; 4. custodian wallet provider; and 5. participation in, and provision of, financial services related to an issuer’s offer or sale of a virtual asset or both.
All companies providing VASP services , they must register with the Central Bank under the Central Bank’s VASP registration regime.
Setting up your VASP entity in Ireland
How TBA Can Help You!
We assist in the full registration process with the Central Bank of
If you are looking to obtain a Crypto Asset Services Provider (VASP) license in Ireland, Atrium Legal Lab can offer you its legal, technical and business expertise and consulting support.
Our dedicated Financial Services Development Team works closely with clients who are subject to AML / CFT requirements across a number of sectors. We have also advised a number of clients engaged in providing crypto services in Ireland.
We have vast experience in dealing with AML / CFT issues across the spectrum from establishing an AML / CFT framework and preparing policies and procedures; providing annual training; advising on suspicious transaction report filings; advising on governance and outsourcing arrangements related to AML / CFT and guiding clients through themed inspections and supervisory / enforcement engagement on AML / CFT.
Open A Cryptocurrency Company in Ireland
Our 2-step work
Step 1 Application preparation, communication with the regulator, business services
Filling out an application form
Communication with Development authority during the application phase
Assistance in the development of AML, CFT documents
Assistance in the opening of safeguarding accounts
Company formation, staffing services
Step 2 Preparation of legal, financial and IT documents
Legal documents – AML, KYC, IT/Security policies, etc.
Financial documentation – 3-years financial forecast, P&L statement, the flow of funds
Company operational documentation – internal policies, risk operation policies, internal audit, etc.
Required Documents and Information For Application Purposes
Documents and information required for application purposes:
(a) VASP’s AML and CFT policies and procedures;
(b) VASP’s money laundering and terror financing risk assessment;
(c) details of all direct and indirect ownership and management in the VASP;
(d) individual questionnaires to assess the fitness and probity of all individuals who are proposed to hold preapproved control functions in the VASP;
(e) business plan setting out the VASP’s proposed activities, transaction flows, projections and any outsourcing arrangements envisaged;
(f) VASP’s proposed organisational structure, AML and CFT reporting lines and staffing arrangements; and
(g) VASP’s AML and CTF training plan.
All you need to get your crypto registration fast and successful.
Should you need more information about registering your Crypto Assets (VASP) Company in Ireland, we welcome you to get in touch with one of our Financial Services Development Team.
Further Information –
Open A Cryptocurrency Company in Ireland
Virtual Asset Service Providers (‘VASPs’)
Regulation of providers of services relating to virtual assets Click Here!
Virtual Asset Service Provider
Application for Registration Information Click Here!
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.