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Procedures for obtaining crypto licence in Canada
no tax on income received and dividends received from foreign countries;
Key requirements for applicants include:
This type of licence is intended for companies offering a wide range of payment services, including cryptocurrency transactions. The standard licence is suitable for entities whose annual transaction volumes do not exceed the regulatory thresholds. Holders of this licence may offer cryptocurrency exchange services, but are subject to certain transaction volume restrictions.
 
Initial coin offerings (ICOs) are defined as an alternative method of financing, which is an innovative way to attract capital from the state to fund specific individuals’ projects. To do this, electronic coins and tokens are issued and offered to the public in exchange for fiat money or virtual assets. These transactions are mostly online.
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This type of licence is for companies providing crypto asset management services, including investment portfolios, funds and individual cryptocurrency-based asset management. An asset management licence entitles the company to form and manage cryptocurrency-focused investment products, giving clients access to specialised investment management in this fast-growing area. To qualify for such a licence, a company must demonstrate that it has a qualified management team, as well as developed risk management and investment strategies.
A cryptocurrency exchange licence in Labuan provides unique opportunities for businesses seeking to establish a meaningful place in the global cryptocurrency industry. With its progressive regulation, tax incentives and strategic location, Labuan acts as an attractive jurisdiction for cryptocurrency companies. However, success in obtaining a licence and developing operations is directly dependent on a thorough understanding of the regulatory requirements, as well as the company’s ability to ensure a high level of security, transparency and compliance with international standards.
Low taxation. St Lucia offers a competitive tax system with low tax rates for foreign investors.