Poland

• Strategic positioning. Neighboring Germany and Eastern European markets provides an ideal bridge between Western capital and the Eastern European user base, simplifying logistics and idea exchange.
• Low costs. Operational and tax expenses are significantly lower than in Germany or France, making every invested euro work more efficiently
• Innovative crypto ecosystem. The country successfully hosts Binance, Transak, and other global players, confirming the market's openness to new crypto projects.
• Simplified registration. We can register a company fully remotely, bypassing costly flights and bureaucratic marathons.
• Developed market. Over 1,100 registered crypto companies show that authorities and banks truly understand the industry's needs and are ready for constructive dialogue.
• Compliance providers.  A wide range of lawyers and consultants in Warsaw and other cities who close AML/KYC issues literally "under the key".

• Local office and staff. The law requires a physical address and team in Poland, adding costs for rent, salaries, and administrative staff.
• EU-leadership. The management must consist of EU residents or Polish citizens, so sometimes the supervisory board needs to be expanded.
• Difficulties with banks. Some banks still view CASP operators with suspicion, request additional guarantees, or refuse to open accounts.
• Audit and reporting in GIIF. Mandatory checks increase the burden on the accounting department and require a separate budget.
• Compliance cost. Implementing DORA and maintaining up-to-date AML/KYC procedures costs a minimum of €5,000 per year, and as the business grows, this amount increases.

The level of expenses for legalization in the jurisdiction is medium.

​

• Registration fee for a company: depends on the type of company, price ranges from USD 450 to USD 7,500.
• Authorized capital: minimum size not specified.
• Registration fee for a license application: its size depends on the type of license, price ranges from USD 5,000 to USD 10,000.
• Authorization fee for approval of the application and annual tax for the license: its size depends on the type of license, price ranges from USD 7,500 to USD 25,000.

• Collection and preparation of necessary documents.
• Choosing the type of company.
• Company registration.

• Payment of the registration fee.
• Preparation and submission of documentation for obtaining a cryptolicense.
• Consideration by the regulator of the application and final approval.
• Payment of the authorization fee for approval and annual tax for the license.