If you want to obtain a cryptocurrency license in Vanuatu, this article provides you with some essential information about the requirements. In addition, you have access to specialist help from our team if you want to incorporate a company and obtain this type of license.
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What is the name of a crypto license in Vanuatu?
Financial Dealers License (FDL), the Class D license is the required type of license to develop cryptocurrency activities in Vanuatu.
What is the legislation for digital currency in Vanuatu?
Starting in March 2026, the Virtual Asset Service Providers (VASP) Act regulates cryptocurrency activities in Vanuatu.
What is the main requirement for getting a crypto license in Vanuatu?
The first thing to do to obtain a crypto license in Vanuatu is to open a local company. This also involves having a physical office registered in Vanuatu.
Who issues crypto license approvals in Vanuatu?
The Financial Services Commission in Vanuatu (VFSC) is the authority that issues the necessary authorization for developing crypto activities here.
What is the financial requirement for a crypto company in Vanuatu?
A security deposit/ government bond is required starting from approximately USD 50,000 and reaching around USD 500,000. This capital is deposited with the VFSC, the regulator of crypto activities in Vanuatu.
Is a business plan required for getting a crypto license in Vanuatu?
Yes, a detailed 3-year business plan is normally required, including financial forecast information.
Is AML/KYC imposed on crypto companies in Vanuatu?
Yes, company owners must implement the Anti-Money Laundering & Know-Your-Customer policies. Here, an Anti-Money Laundering Compliance Officer must be appointed for the cryptocurrency company in question.
What conditions are imposed on company staff?
Those who want to manage the company, namely directors, must pass the “Fit & Proper test” and also prove that they have at least 3 years of experience in the financial sector. A clear criminal record is required for both company directors and shareholders.
What other conditions must be met for getting a crypto license in Vanuatu?
Applicants must prepare and submit CVs and all corporate documents. The authorities must also draw up a review process that may also involve visits to the business premises and various inspections to ensure that all conditions are met before issuing the requested license.
How long does it take to issue a Vanuatu crypto license?
It takes around 3-6 months to get a crypto license in Vanuatu. During this time, various checks are done by the relevant authorities in Vanuatu.
What does a crypto license permit in Vanuatu?
Once a crypto license is obtained in Vanuatu, company owners can develop an official exchange platform. Specialized and recognized software will be required here. Here are the activities that can be undertaken with this license:
- crypto exchange,
- wallet management,
- trading,
- Various digital money activities, etc.
How is the taxation of cryptocurrency in Vanuatu?
Being an offshore jurisdiction, Vanuatu offers an appealing tax system. For instance, there is no capital gains tax for selling and/or trading virtual currency. Moreover, there is no corporate income tax imposed on crypto profits in Vanuatu.
Ready to start your activities as a cryptocurrency company in Vanuatu? You can opt for the personalized services offered by our local specialists. Contact us today and benefit from our personalized offers.