Spain vs Panama for a crypto company: which should you choose
Choosing between Spain and Panama for your crypto company is a decision between regulatory clarity in the EU and tax efficiency in a jurisdiction without a dedicated crypto framework. CRYPTO LICENSE GUIDE · 2026 Spain vs Panama for Crypto licensing across 15+ jurisdictions CONSULTING24.CO Regulatory framework: MiCA compliance vs. no dedicated licence Spain, as an EU member state, will fully implement the Markets in Crypto Assets Regulation (MiCA) by 2026. This means crypto asset service providers (CASPs) must obtain a licence from the Bank of Spain and comply with uniform EU rules on capital, governance, and consumer protection. The process is rigorous and can take 6 to 12 months, with capital requirements ranging from EUR 50,000 to EUR 150,000 depending on the services offered. Panama currently has no dedicated crypto licence. Companies operate as a Sociedad Anonima (SA) under general corporate law. This provides flexibility and speed, with incorporation possible in 2 to 3 we...