Crypto License Guide 2026 — Panama, Lithuania, Dubai & More | Consulting24

CRYPTO LICENSE GUIDE · 2026 Seychelles vs Panama crypto license Crypto licensing across 15+ jurisdictions CONSULTING24.CO Should you license in Seychelles or Panama? The right answer depends entirely on who your customers are. Here is the decision framework we use with clients. The Core Trade-off Seychelles works through registration under the Seychelles VASP Act 2024 (the Financial Services Authority (FSA)), costs about $15,000–$40,000, and takes 6–12 weeks. Panama uses a Sociedad Anónima with no dedicated VASP regime, costs $15,000–$45,000, and takes 6–12 weeks. In short: Seychelles typically buys you regulatory standing in the offshore market; Panama buys you speed, low cost and 0% tax on foreign-source income. The 4 stages of getting licensed 1 Choose jurisdiction match your customers 2 Incorporate set up the entity 3 AML / KYC program the banking key 4 Open banking fiat on/off-ramps When Seychelles Wins Pick Seychelles if your priority is offshore exchanges and ...

CRYPTO LICENSE GUIDE · 2026 Seychelles crypto license requirements Crypto licensing across 15+ jurisdictions CONSULTING24.CO Incomplete paperwork is the number-one cause of delay in any crypto licensing project. Here is what Seychelles actually requires in 2026, and how to assemble a file that gets approved the first time. Corporate and Licensing Requirements To operate in Seychelles you work through registration under the Seychelles VASP Act 2024, supervised by the Financial Services Authority (FSA). That means a local operating entity, fit-and-proper directors, and a clearly described business activity. A popular budget offshore option, newly formalised by the 2024 VASP Act. We confirm the current requirements with local counsel for every engagement, since crypto rules change frequently. The 4 stages of getting licensed 1 Choose jurisdiction match your customers 2 Incorporate set up the entity 3 AML / KYC program the banking key 4 Open banking fiat on/off-ramps AML/KYC Com...

CRYPTO LICENSE GUIDE · 2026 Seychelles crypto license cost Crypto licensing across 15+ jurisdictions CONSULTING24.CO Quotes for a Seychelles crypto license vary widely because providers bundle different things. Here is an honest view of what it actually costs in 2026 — and how that stacks up against Panama. The Headline Number: $15,000–$40,000 A Seychelles setup typically runs $15,000–$40,000 in the first year. That covers registration under the Seychelles VASP Act 2024 via the Financial Services Authority (FSA), plus the compliance and corporate work around it. A popular budget offshore option, newly formalised by the 2024 VASP Act. Panama, for comparison, is $15,000–$45,000 all-in for year one — useful as a price anchor when you read a Seychelles quote. See our full cost breakdown . The 4 stages of getting licensed 1 Choose jurisdiction match your customers 2 Incorporate set up the entity 3 AML / KYC program the banking key 4 Open banking fiat on/off-ramps What Drives the ...