Portugal vs Panama for a crypto company: which should you choose
Choosing between Portugal and Panama for your crypto company means weighing EU regulatory clarity against offshore tax efficiency, with each jurisdiction offering distinct advantages and trade offs for digital asset businesses. CRYPTO LICENSE GUIDE · 2026 Portugal vs Panama for Crypto licensing across 15+ jurisdictions CONSULTING24.CO Regulatory Framework and Licensing Portugal has introduced a licensing regime for virtual asset service providers (VASPs) under the Bank of Portugal, aligning with the EU's Markets in Crypto Assets Regulation (MiCA). MiCA will be fully applicable across the EU by 2026, requiring crypto companies to obtain a CASP license. Capital requirements for CASPs in Portugal are set at EUR 50,000 for basic services, EUR 125,000 for custody and exchange, and EUR 150,000 for more complex activities. The application process is rigorous, involving AML compliance, fit and proper checks, and operational substance. Panama, in contrast, does not have a dedicated cry...
