VASP Authorization / Crypto License
with a
Ready-Made Company or New Company Formation
in Latin America
Latin America presents a thriving landscape for crypto enthusiasts, with Argentina emerging as a prime choice for crypto users. Setting up a VASP in Argentina not only grants access to the local market but also unlocks opportunities across all LATAM countries. The only exception is Brazil, where establishing a branch is necessary, a process we can assist you with.
Crypto Authorization in Argentina offers a range of services, including currency exchanges between virtual assets and FIAT currencies, transferring virtual assets, custody and administration of assets, as well as facilitating financial services related to virtual asset issuance. Additionally, the authorization extends to the creation of stable coins and asset-backed tokens.
Crypto Authorization will provide the following:
- Exchange between virtual assets and legal tender currencies (FIAT currencies).
- Exchange between 1 or more forms of virtual assets.
- Transfer of virtual assets.
- Custody &/or administration of virtual assets or instruments that allow control over them.
- Participation and provision of financial services related to an issuer's offer &/or sale of a virtual assets.
- Stable coin and asset backed token creation.
ARGENTINA:
New Company SRL (LLC): 20.585 EUR
• Company Creation of SRL (LLC) with mandatory books.
(1 local director / 2 shareholders required)
• Registration of the new directors in the Argentine tax system. (CDI)
• Registration of the company in the registry of Virtual Asset providers. (CNV)
• Registered office for 1 year included
(1.500€ / year after 1st year).
• 2 bank accounts (local & EMI).
• Transfer of shares with a Notary (Remotely).
• Personalized AML/KYC Policy.
• VAT number.
• MLRO search and employment
Mandatory Monthly Fees:
• Local legal contact & legal address (CNV) 1.080€
• Registered SRO with UIF: 2.650€
Extra Services:
• Local Director/Nominee monthly fees: 750€
• Corporate income tax – 25-35% depending on annual net income;
• VAT 21%;
• Tax dividend – 7%;
• Capital Gains Tax - 15-20%
*Applies to cryptocurrency gains held for more than 365 days
• Minimum share capital - 6k$
Time Line: 6-8 weeks
ARGENTINA:
New Company SA (PLC): 28.635 EUR
• Company Creation of SA (Public Limited Company).
(1 local director / 2 shareholders required)
• Registration of the new directors in the Argentine tax system. (CDI)
• Registration of the company in the registry of Virtual Asset providers. (CNV)
• Registered office for 1 year included
(1.500€ / year after 1st year).
• 2 bank accounts (local & EMI).
• Transfer of shares with a Notary (Remotely).
• Personalized AML/KYC Policy.
• VAT number.
• MLRO search and employment
Mandatory Monthly Fees:
• Local legal contact & legal address (CNV) 1.080€
• Registered SRO with UIF: 2.650€
Extra Services:
• Local Director/Nominee monthly fees: 750€
• Corporate income tax – 25-35% depending on annual net income;
• VAT 21%;
• Tax dividend – 7%;
• Capital Gains Tax - 15-20%
*Applies to cryptocurrency gains held for more than 365 days
• Minimum share capital - 6k$
Time Line: 6-8 weeks
ARGENTINA:
Ready-Made Company SRL (LLC): 26.335 EUR
• Crypto authorized company within the CNV (Registry of Virtual Asset Providers).
• Share transfer (PoA).
• Registered office for 1 year included
(1.500€ / year after 1st year).
• Full set of notarized corporate documents.
• 2 bank accounts (local & EMI).
• Personalized AML/KYC Policy.
• VAT number.
• MLRO search and employment
Mandatory Monthly Fees:
• Local legal contact & legal address (CNV) 1.080€
• Registered SRO with UIF: 2.650€
Extra Services:
• Local Director/Nominee monthly fees: 750€
• Corporate income tax – 25-35% depending on annual net income;
• VAT 21%;
• Tax dividend – 7%;
• Capital Gains Tax - 15-20%
*Applies to cryptocurrency gains held for more than 365 days
• Minimum share capital - 6k$
Time Line: ~2 weeks
ARGENTINA:
Ready-Made Company SA (PLC): 34.385 EUR
• SA (Public Limited Company).
• Crypto authorized company within the CNV (Registry of Virtual Asset Providers).
• Share transfer (PoA).
• Registered office for 1 year included
(1.500€ / year after 1st year).
• Full set of notarized corporate documents.
• 2 bank accounts (local & EMI).
• Personalized AML/KYC Policy.
• VAT number.
• MLRO search and employment
Mandatory Monthly Fees:
• Local legal contact & legal address (CNV) 1.080€
• Registered SRO with UIF: 2.650€
Extra Services:
• Local Director/Nominee monthly fees: 750€
• Corporate income tax – 25-35% depending on annual net income;
• VAT 21%;
• Tax dividend – 7%;
• Capital Gains Tax - 15-20%
*Applies to cryptocurrency gains held for more than 365 days
• Minimum share capital - 6k$
Time Line: ~2 weeks
MEXICO:
VASP 40.135 EUR
Allows custody, storage, transfer and exchange of virtual assets (alt coins).
• Virtual Asset Service Provider (VASP)
• Registration of the new directors in the Mexican tax system.
• Registration of the company in the registry of Virtual Asset providers.
• Registered office for 1 year included
(1.500€ / year after 1st year).
• 1 bank account (local ).
• Transfer of shares with a Notary (Remotely).
• Personalized AML/KYC Policy.
• VAT number.
Mandatory Monthly Fees:
• Local legal contact & legal address: 1,600€
• Compliance officer and monthly reporting: 2,650€
Extra Services:
• Local Director/Nominee monthly fees: 750€
• Corporate income tax – 30%;
• VAT 16%;
• Tax dividend – 10%;
• No minimum share capital - however 2,500 USD is recommended
Time Line: ~4 Months
MEXICO:
Legal Exchange Infrastructure
with Physical Operations (MSB): 51.635 EUR
MTPO: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with a physical branch and in-person clients.
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
Time Line:
MEXICO:
Legal Exchange Infrastructure
with Digital Operations (MSB): 68.885 EUR
MTDO: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with non-face-to-face digital operations (approximate monthly limit of USD 5K to 7K per user, regardless of the number of operations and is per month; limited to natural and legal clients of Mexican nationality; clients of foreign nationality will only be able to make purchases through physical/face-to-face channels).
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
Time Line:
MEXICO:
Electronic Payment Fund Institution (IFPE): 218.385 EUR
Includes MTDO operations without limits, as well as custody of fiat, stablecoins, BTC via a wallet, card issuance, card payment processing.
• Fintech Model
• Preparation of the legal infrastructure
• Iteration of the documentation
• Submission of the application for authorization
• Venting, preparation and iteration of observations (up to 2 rounds)
• Request for additional authorizations.
• Training in how to lobby for your project
Cost Breakdown:
• Integration of the file 73.025 EUR
• Release of Observations 18.975 EUR
• Clearance of authorization for the start of operations 14.835 EUR
• Request for additional permits 8.338 EUR
• Request for direct connection to SPEI 103.212 EUR
Time Line:
EL SALVADOR:
Fully Operational: 37.835 USD
• Full turnkey company formation.
• Basic Corporate documents.
• Personalized AML/KYC.
• Policy License.
• Bank account opening assistance.
• Compliance officer search and employment.
Time Line: 3-5 Months
EL SALVADOR:
Complete Package: 47.035 USD
• Full turnkey company formation.
• Basic Corporate documents.
• Personalized AML/KYC.
• Policy License.
• Bank account opening assistance.
• Compliance officer search and employment.
• Office Rent Agreement for 1 year.
• Accounting for 1 year (annual report included)
Time Line: 3-5 Months
Personalized AML includes:
Internal Policies:
Development of customized policies and procedures based on essential pillars:
Internal Structure and Processes: Effective internal controls for managing and supervising operations,
minimizing risks, and ensuring regulatory compliance.
Client Relations:
Know Your Customer (KYC) and Customer Due Diligence (CDD) policies for identifying,
verifying, and continuously monitoring client activities.
Third-Party Relations:
Know Your Business (KYB) and Know Your Transaction (KYT) policies, enabling
verification of associated companies and businesses and analysis of their transactions.
Documentation:
Preparation of the necessary documentation to support policies, procedures, and internal
controls.
Operational Manuals:
Describing the organizational structure, roles and responsibilities, internal processes for
KYC, KYB, and KYT, and emergency protocols. Development of company and client matrices.
Records and Reports:
Maintenance of records of all operations, generation of regulatory reports for the UIF, and
risk analysis for internal and external reports.
Audits:
Regular internal audits to evaluate the effectiveness of policies and procedures, with review and
improvement as necessary.
