Advantages to set up your Virtual Asset Services Provider (VASP) in Ireland
The perfect gateway to Crypto trade in the European Union
Welcome to
Unitech Crypto Consultors
The Experts for your Regulated Crypto Entity
What are
Cryptocurrencies?
The term ‘virtual asset’ refers to any digital representation of value that can be digitally traded, transferred or used for payment or investment purposes. It does not include the digital representation of fiat currencies.
They allow payments to be made electronically and function in a similar way to standard currencies that use physical cash.
However, unlike standard currencies that can be exchanged physically using notes and coins, cryptocurrencies are only exchanged electronically using lines of computer code.
Register your Virtual Asset
Service Provider in Ireland
Ireland is a key jurisdiction in the development of the sector. Unitech Crypto & Associates presence in Ireland combined with the team’s cryptocurrency and blockchain experience, uniquely positions us to meet the ever-changing demands of companies and individuals involved in this area.
The crypto market has proved to be a lucrative industry on a global scale. Ireland stands as one of the major European markets for cryptocurrency companies.
Why register as a Virtual Asset Service Provider (VASP) 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.
Our experience
Is your advantage!
One challenge for Cryptocurrency company license is the regular reporting to the Financial Services Commissions or Intelligence Units.
We provide you an ongoing and continued technical, legal and tax support to keep you full compliant at all times.
What’s the timeline to get you registered as a Virtual Asset Service Provider in Ireland?
Although we will provide you full technical support to allow you a successful application, registering as a Virtual Asset Service Provider in Ireland it will be a very fast process, depending on how accurate and prompt you provide us all requested support business information.
Irish Taxation
on cryptocurrency
Companies’ chargeable gains will be subject to corporation tax 12,5%.
On VAT, those engaged in exchanging cryptocurrencies won’t be subject to VAT.
How can we help you setting up your VASP entity in Ireland?
If you are planning for a Cryptocurrency company formation in Ireland, Unitech Crypto can offer you its legal, technical and business expertise and consulting support.
Our dedicated Financial Services Regulatory Team works closely with clients who are subject to AML / CFT requirements across a number of sectors.
CBI – Central Bank of Ireland
The Regulator Entity in Ireland
Irish Cryptocurrency Regulations
The CBI (Central Bank of Ireland) is the competent authority in Ireland for the regulation of Virtual Asset Service Providers (VASP’s).
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 – Criminal Justice (Money Laundering and Terrorist Financing) (Amendment)
Act 2021 (‘2021 Act’)
New Legislation and Rules came into effect on 23 April 2021
All you need to know before you take your decision
Wishing to set up your Crypto Company (VASP) in Ireland?
Why register a VASP
company in Ireland?
Cryptocurrency Regulation
in Ireland
VASP – Regulation
of providers
Central Bank registration
for AML/CFT
The Central Bank’s approach
to AML/CFT supervision
The Central Bank’s approach
to fitness and probity
VASP – Application
for registration
VASP – Application
process
VASP – Application
Documentation
Ireland Taxation
on Crypto area
Ready to apply for a crypto registration in Ireland?
Unitech Crypto Consultors will provide you all required and legal assistance.
Our services
Consultancy
Consultancy
Regarding the necessary documents and procedures required to obtain authorisation from Inland Revenue (I.R.) and Central Bank of Ireland (CBI).
Revision
Revision
Analysis and revision of client’s existing/proposed business operations and their licensing requirements.
Drafting
Drafting
Drafting and preparation of the applicant’s internal regulations and policies (anti-money laundering, international sanctions…), including assistance preparing the company business, if required by the client.
Preparation
Preparation
Assistance to prepare all the required documents for a successful application.
Filing
Filing
Filing of applications and all necessary follow-ups with the Regulator. We ensure swift and correct filing of all required documents as well as prompt response to any additional regulatory clarifications or requests.
Follow-up
Follow-up
We will follow-up with the regulator and communicate the applicant any regulatory updates or inquiries in order to expedite the application and ensure smooth launch of the applicant’s business in Ireland.
Compliance
Compliance
We help our clients’ businesses to stay compliant and update our clients on regulatory changes for internal policies, manuals, forms and processes.
Consultancy
Regarding the necessary documents and procedures required to obtain authorisation from Inland Revenue (I.R.) and Central Bank of Ireland (CBI).
Revision
Analysis and revision of client’s existing/proposed business operations and their licensing requirements.
Drafting
Drafting and preparation of the applicant’s internal regulations and policies (anti-money laundering, international sanctions…), including assistance preparing the company business, if required by the client.
Preparation
Assistance to prepare all the required documents for a successful application.
Filing
Filing of applications and all necessary follow-ups with the Regulator. We ensure swift and correct filing of all required documents as well as prompt response to any additional regulatory clarifications or requests.
Follow-up
We will follow-up with the regulator and communicate the applicant any regulatory updates or inquiries in order to expedite the application and ensure smooth launch of the applicant’s business in Ireland.
Compliance
We help our clients’ businesses to stay compliant and update our clients on regulatory changes for internal policies, manuals, forms and processes.
How can we help you setting up your VASP entity in Ireland?
Should you need any further information about registering your Crypto Assets (VASP) Company in Ireland, we welcome you to get in touch with one of our Financial Services Regulatory Team.
The Central Bank of Ireland
The FATF Guidance for a risk-based approach to virtual assets and virtual assets service providers
The Central Bank’s Anti-Money Laundering and Countering the Financing of Terrorism Guidelines for the Financial Sector
