How we helped register a crypto exchanger in Poland: case from Antwort Law

International law firm Antwort Law specializes in comprehensive support of clients in the cryptocurrency industry. Registering a cryptocurrency exchange is a complex process that requires a careful approach at every stage: from choosing the optimal corporate structure to opening bank accounts. In this article, we will tell you how we helped one of our clients to successfully register a crypto exchange in Poland, what solutions we offered and why Poland in some cases becomes the best jurisdiction for cryptocurrency projects.

Choice of jurisdiction: why Poland?

Registering a crypto exchange requires a careful choice of jurisdiction, as each region offers different legal and tax conditions for conducting such a business. As part of our project, the client faced the task of choosing a country with a transparent regulatory framework and favorable conditions for the operation of crypto-business.

We analyzed several popular options, including Estonia, Lithuania and Malta, and based on all individual inputs, the client settled on Poland. Here are some reasons why Poland is the best option:

Availability of a license: in Poland, the registration of a crypto exchange requires minimal bureaucratic procedures, and if all requirements are met, licensing is relatively fast.

Tax conditions: Poland has a rather loyal tax policy regarding crypto-business. The absence of additional taxes on transactions with cryptocurrencies is attractive to new players in the market.

EU membership: Poland, as part of the European Union, provides access to the huge European market, which makes it easier to attract investors and partners.

Transparent regulation: Polish legislation is adapted to international anti-money laundering (AML) and anti-terrorist financing (CFT) requirements. This provides reliable protection for companies and customers.

After Poland was chosen as the optimal jurisdiction, Antwort Law accompanied the client through all stages of crypto exchange registration.

1. Company registration

We guided the client through the process of choosing the organizational and legal form that best suited his business goals and minimized administrative costs, as well as helped with the preparation of all necessary documents, including founding documents and the company's charter.

Timing: the process of registering a company in Poland took only 2 weeks - this time included the submission of all documents, their approval by state authorities and final registration in the company register. We prepared all the necessary forms in advance, which allowed us to avoid delays and speed up the process.

2. Licensing

Antwort Law lawyers provided full support in obtaining a license to conduct cryptocurrency activities in Poland. Our experts took care of the preparation and submission of all applications to the competent authorities, as well as advised the client on compliance with legal requirements. The Polish license of the crypto exchange meets all the standards of the European Union, which allows you to operate not only in Poland, but also throughout Europe.

Timing: The business license was obtained in 4 weeks after submitting all the necessary documents, which is much faster compared to other jurisdictions, where the process can take up to several months. We worked closely with Polish regulators to minimize any risks of rejection or delays.

3. Opening bank accounts

Another important stage for the crypto exchange was the opening of bank accounts, as this is a necessary condition for the legal and efficient operation of any company. We helped the client open accounts in two online banks, having previously conducted an analysis of offers on favorable terms of service for crypto companies.

Poland is not only a stable jurisdiction with favorable conditions for crypto-business, but also an opportunity to enter the European market. We are ready to help you at every stage of the cryptocurrency company registration process, so that you can focus on business development, and all legal and administrative issues are left to us.

Timing: Opening bank accounts took about 2 months. We helped the client collect all the necessary documents and provided recommendations for interaction with banks.

We at Antwort Law:

• We know all the nuances of the legal requirements for crypto exchanges;
• We guarantee speed and accuracy in all legal matters, from company registration to account opening;
• We provide international support, providing an opportunity to effectively expand business in Europe and beyond.

Lidia Ivanova

International lawyer
Antwort Law