How to set up a VASP entity in Ireland
How can we help you
Setting up a Virtual Asset Service Provider (VASP)
If you are looking to obtain a Crypto Asset Services Provider (VASP) license in Ireland, Unitech Crypto can offer you its legal, technical and business expertise and consulting support.
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.
Our 2-step work
Application preparation, communication with the regulator, business services
- Filling out an application form
- Communication with regulatory authority during the application phase
- Assistance in the development of AML, CFT documents
- Assistance in the opening of safeguarding accounts
- Company formation, staffing services
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.
- IT documentation
Required Documents and Information for application purposes
Documents and information we need you to provide us, 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 wish to contract our services to prepare and draft any of the above required information, please do contact us, so that we may provide you our utmost competitive and relevant service fees.
For 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.
Considering setting up your crypto-trade company in Ireland?
You will find all related and relevant information in our website. However, should you have any question or matter you would like to discuss with us, before you take a decision to register your business company in Ireland, do contact us.
One of our Business Development Managers will be here ready to guide and assist you.