Send us a request and we will contact you as soon as possible.
The jurisdiction that we will review today is included in the list of states that already identify Bitcoin and additional digital currencies. However, in 2018, the state strengthened its position regarding virtual money and firms interested in it. Slovak banks have begun liquidating the accounts of firms associated with crypto at the initiative of the local Slovak Cryptocurrency Regulation. They represented pan-European restrictions, tightening control over the crypto space.
It should be noted that after registration in accordance with Law 279/2020 of amendments to the Law on the prophylaxis of Money Laundering and the prophylaxis of Terrorist Providing, all entrepreneurs providing favors for the exchange and storage of digital valutas must enroll in the corresponding manner to carry out actions with cryptos in Slovakia.
If you want to start an e-currency biz in country, you don’t need to comply with any specific laws, but the National Bank has amended the Income Tax Act, adding new provisions for the taxation of virtual tokens.
Among the main features covered by the revised income tax law, the most important are those defining crypto, which are considered to be valuable digital assets that are not guaranteed by the National Bank or any other institution. Furthermore, they do not have currency status or a means of payment, but can be used by natural and legal persons as a means of remittance.
Therefore, all crypto companies without a permit are straightaway blocked by administration authorities. However, if you want to work legally, you must be licensed. This solution has a number of significant profits:
Most crypto enthusiasts prefer to only use licensed sites. Since you can be sure it’s not a scammer, your data is well protected and your transfers are completely safe.
Depending on the type of crypto actions, the Trade Office issues the next permissions:
Next is a list of demands you need to meet:
In country, it does not take long to achieve a license. The rules for obtaining a permit are relatively simple. Therefore, every applier must go through a few simple steps:
It takes 2-3 weeks to enroll a firm in Slovakia, about two weeks to open a bank account and 3-4 weeks to consider a license application. Typically, a license can be issued within 2. 5 months of incorporation, provided all papers are in place.
1. For individuals – 19% tax applies if the profit is less than EUR 38,000. If the revenue is higher, the tax rate is 25%. These taxes apply to people earning money through crypto in country.
2. For legal entities, the income tax is 21%. However, if the income is up to EUR 49,790, the tax rate is 15%.
The Bank of country is liable for monetary politics support. NBS determines cryptos as cryptography-based decentralized assets or digital assets.
Buying property in Cyprus is a sophisticated decision requiring a clear and comprehensive understanding of all the aspects of living on this island. It includes costs, culture, traditions, laws, tax regulations, expenses, and so on. But first of all you have to know that the state is split into Northern and Southern parts, each of…
This region is a prime attraction for overseas estate consumers due to its picturesque views, rich heritage, and friendly atmosphere. In contrast, purchasing for householding abroad can be challenging, regarding local lawful demands. This short article is designed to assist the quest for overseas purchasers by providing transparent and pivotal information about property for sale…
Cyprus, the Mediterranean’s third-largest isle, has been a famous attraction for expatriates and retirees looking for sun, sea, and a slower pace of life. Known for its a place with a deep historical heritage, breathtaking scenery and welcoming residents, this isle suggests an appealing mix of cultural experiences and modern amenities. However, like any place,…
Indonesia’s affordability and growth prospective make it a compelling option for international immovable property stakeholders. However, for those new to the region, purchasing real estate in Indonesia could be complicated. Investors may face unforeseen obstacles and challenges, making vigilance crucial. Our community of property buyers and local partners have shared various concerns, which we’ve compiled…
Cyprus is pretty costly for livelihood. Nevertheless, the costs are more reasonable in contrast to the UK, USA, West and North Europe. But don’t forget that it mostly depends on the city. For instance, it is more lucrative to reside in Cyprus if your wish is a big city. If you are curious about the…
Buying property is always a responsible decision, that requires full comprehension of the law and regulations of the country you want to buy a housing in. This also applies to one of the most desirable places for investment – Cyprus. The island is famous for its clean remarkable sea and hot sunny days almost all…
Chattel real levies are imposed by officials in many states around the globe either yearly or semi-annually, with the level of charges depending on the overall price of an investor’s asset. In contrast, in the world there exist some countries with no property tax.Here, we provide a comprehensive catalogue of places with no property tax…
Investing in chattel real abroad has gained immense popularity as a means to preserve and grow wealth. In this article about, six routes that have captured the curiosity of stakeholders in question considering questions in property for sale from non-EU nations. We delve into why these routes are currently the utmost appealing, providing valuable insights…
Acquiring estate is a complex endeavor. While saving up the necessary funds is challenging in itself, it’s only the beginning. Verifying papers, drafting contracts, navigating the purchase agreement, and registering the housing – each step presents feasible pitfalls that could leave you both financially and literally homeless. Therefore, selecting the right seller is paramount to…
Bali attracts everyone from digital nomads and entrepreneurs to retirees and the ultra-wealthy. The island’s enduring popularity among tourists combines with a vibrant local market, presents lucrative chances. Nevertheless, discrete analysis is crucial. This article highlights pros and cons of investing in property in Bali and other details you may be interested in. Why Bali’s…
Bali, the jewel of Indonesia, is no longer just a traveler’s paradise – it’s an investor’s dream realized. The island’s allure extends far beyond its captivating beauty, fueled by a potent combination of surging tourism and unwavering economic strength. This tropical haven boasts an enviable economic track record. Indonesia’s GDP has witnessed a remarkable upswing,…
Dreaming of life under the Turkish sun? A Turkish Residency Permit is your ticket to a carefree holiday. Residency allowance not only legalizes your stay for a year or more but also opens doors for work, depending on the type of document obtained. Learn who can get the coveted status, under what terms, and what…