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Cryptocurrency License in Poland

From November 2021, virtual asset turnover has become a guided business in Poland. Companies involved in such activities must be registered with the State in a separate register of cryptocurrency enterprises and obtain an appropriate license. Registration of entrepreneurs into the register is completed in accordance with the requirements established by the Polish government.

The requirements for obtaining a crypto license in Poland and registration in a specific registry are applicable to Polish companies offering the next services:

  • Exchange of virtual currencies for fiat money (cryptocurrency exchangers)
  • Exchange of virtual currencies for different virtual currencies
  • Providing and keeping the accounts for virtual currencies (cryptocurrency wallets)
  • Virtual currency exchanging services (brokerage services)

The register of cryptocurrency companies is guided by the Ministry of Finance of Poland. This register was activated on November 1, 2021. Companies that conduct crypto business in Poland before November 1, have another 6 months to keep their businesses to the new requirements and obtain the license.

All new cryptographic companies in Poland that will be registered after November 1, 2021, must complete a registration in the registry before setting up their activities.

THE COST OF CRYPTOCURRENCY LICENSE

 14,900 EUR

THE PACKAGE OF «THE COMPANY AND CRYPTO LICENSE IN THE UPPER PART» INCLUDES :

  • Creation or purchase of a ready-made company in Poland
  • Preparation of legal documents of the company
  • Assistance in employment of director/KYC/AML employee and information of the State Social Insurance Fund
  • Rent a legal address in the business centre for 1 year
  • Overview of the business model and structure of the Cryptocurrency Company
  • Assistance in opening a bank account for cryptocurrency companies
  • KYC/AML Procedural Rules and Procedures
  • Preparation of notifications, forms and supporting documents for submission to the Chamber of Tax Administration of Katowice
  • Payment of State Fees for Registration of a Company
  • Payment of State Licensing Fees for Application for a Cryptocurrency License
  • General consultation (5 hours)

*Creating a company and obtaining a cryptocurrency license can be carried out completely remotely without visiting Poland.

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Poland crypto license

STAGES OF OBTAINING A CRYPTO LICENSE IN POLAND

1.      Preparation and submission of documents for the registration of the company in Poland. The cost of services includes:

  • Preparation of documents for remote registration;
  • Payment of all State fees related to the registration of a legal entity Preparation of initial declarations to the Tax Service and the Register of Beneficiaries;
  • Legal address and mailbox rental for 1 year.

2.     Application for a crypto license in Poland, registration of a company in the register of organizations working in the field of cryptocurrency.

The following steps are coming:

  •  Preparation of documents for inclusion in the register of organizations working in the field of cryptocurrency;
  • Payment of government fees
  • AML procedure in Polish.

The deadline for entering the Polish cryptocurrency into the register is 14 days from the moment of signing the statement of the director of the company via ePUAP. In case of questions of the registrar or lack of necessary documents, this period may be extended.

Registration of a Polish company in the register of cryptocurrency companies

The activities of Polish companies and people involved in cryptocurrency businesses are regulated by the Chamber of Tax Administration in Katowice, Poland.

Legal basis of the register of activities in virtual currency:

  • Articles 129 to 129 of the Act of 1 March 2018 on fighting money-laundering and the financing of terrorism;
  • Resolution of the Minister of Finance, Funds and Regional Policy of 25 October 2021 on the appointment of a body of the National Tax Administration to do the tasks of the body competent to keep a register of activities of cryptocurrencies,
  • Resolution of the Minister of Finance, Funds and Regional Policy of 21 October 2021 on the submission of an application for registration in the register and the notification of the prohibition of this activity.
  • Crypto activities are legally regulated and demand involvement in the registry.

List of companies and individuals who have received a cryptocurrency license in Poland on 4.03.2022

The law on the basis of which a cryptocurrency license is issued in Poland

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