Start a Cryptocurrency Company in Slovakia

The creation, sale or any other activity related to cryptocurrencies are currently among the most important preoccupations of investors all over the world. While in some countries cryptocurrencies are banned, there are also countries where the restrictions are less severe and certain activities related to them are legal. Among these countries, there is also Slovakia.

Even if the National Bank in Slovakia does not recognize cryptocurrencies as money which can be used in current operations, investors are allowed to create, sell, buy, trade or invest in digital coins at their own risk.

If you want to invest in Slovakia by starting a cryptocurrency business in this country, our company formation agents can advise you.

Requirements to open a cryptocurrency business in Slovakia

Opening a company in Slovakia as a cryptocurrency business does not impose any specific requirement or any special license as long as the main object of activity of the company is not the financial one. The company registration process or a cryptocurrency business is completed by choosing the structure, preparing the incorporation documents and filing them with the Trade Register in order to obtain the company’s certificate of registration. You'll also have to open a bank account in Slovakia for your new company, where you will deposit the minimum share capital.

Types of cryptocurrency companies in Slovakia

There are two main types of cryptocurrency companies which can be registered in Slovakia:

• -          IT companies which can engage in the creation of virtual currencies;
• -          financial companies which can enter into cryptocurrency-related activities.

Our company registration consultants in Slovakia can help foreign investors who want to open one of these types of companies.

Cryptocurrency activities in Slovakia

Cryptocurrency companies can engage in several types of activities in Slovakia, however, the regulated ones imply:

• -          fintech activities which are related to the creation of digital coins and the use of blockchain technology;
• -          cryptocurrency exchanges which are the related to trading activities based on virtual money;
• -          consultancy services offered by financial specialists to those interested in investing in cryptocurrencies;
• -          crowdfunding platforms through which funds can be raised through the sale of cryptocurrency;
• -          initial coin offerings also known as ICOs which imply the sale of the digital money for raising capital;
• -          cryptocurrency ATM machines businesses which can already be found in certain cities.

For assistance in opening a cryptocurrency company in Slovakia, please feel free to contact us.