For a few years now, the cryptocurrency industry has started becoming a priority for many European countries. However, small European states seem to be more open to the idea of establishing a regulatory regime for the use of blockchain technology and cryptocurrency. Among these states are Malta, Estonia, Liechtenstein and Austria.
Out of all of these countries, Austria is currently the friendliest European state when it comes to the development of blockchain and cryptocurrency. Foreign investors who want to start cryptocurrency businesses in this country can receive information on the current legislation from our company formation consultants in Austria.
Enterprisers who want to open cryptocurrency companies in Austria should know that this was one of the first European countries to have a Bitcoin ATM installed. It was also the first country to have an embassy which promotes cryptocurrency.
Entrepreneurs can set up various types of businesses in the cryptocurrency sector in Austria, among which:
It should be noted that one of the most successful type of cryptocurrency company in Austria is the one offering support to users of virtual money.
Our Austrian company formation agents can assist with the registration of a cryptocurrency business.
Austria does not have a specific law governing the creation and use of cryptocurrency, therefore, at the moment, the Commercial Act is the main law providing for the registration of such type of business. From choosing the right type of structure and up to the registration of the company with the authorities, the incorporation procedure is the same as for any other type of company.
There are no special licenses an Austrian cryptocurrency company must obtain, however, once registered it must comply with the anti-money laundering regulations.
Foreign businessmen interested in starting a cryptocurrency company can rely on our local advisors for assistance with the company registration procedure in Austria, so do not hesitate to contact us.