British Virgin Islands:

VASP with Exchange Service

A VASP in the Cayman Islands allows for:

• Exchange between virtual assets and fiat currencies;
• Exchange between one or more forms of virtual assets;
• Transfer of virtual assets, where the transfer relates to conducting a transaction on behalf of another person that moves a virtual asset from one virtual asset address or account to another;
• Custody: safekeeping or administration of virtual assets or instruments enabling control over virtual assets;
• Participation in, and provision of, financial services related to a virtual asset issuance or the sale of a virtual asset.
• perform such other activity or operation as may be specified in the VASP Act or as may be prescribed by regulations.

What is included:

  •  Prepare Legal Memorandum with analysis of applicable registration, licensing or compliance requirements

  •  New company formation

  •  Registration of the company in the registry of Virtual Asset providers.

  •  Prepare AML framework policies & procedures

  •  Prepare Data Protection framework policies & procedures

Mandatory Monthly Operational Services:

  •  Authorized representative

  •  Compliance officer

  •  Accounting/Audit

  •  Local legal contact

  •  Local office/address

 • Corporate income tax – 0%

 • Equity gains charge – 0%