Crypto License in Poland

Yes, non-residents can fully own and manage a crypto company in Poland. However, the company must have a physical office in Poland and comply with local regulatory requirements, including AML/KYC procedures.

A: The following activities require registration:

• Exchanging virtual currencies for fiat money (e.g., Bitcoin to PLN/EUR).
• Exchanging one virtual currency for another (e.g., Bitcoin to Ethereum).
• Providing custodial wallet services.
• Intermediating in crypto transactions (brokerage services).

The process typically takes 6–8 weeks, depending on document preparation and regulatory review. The Tax Administration Chamber usually issues a decision within 14 days of application submission.

The minimum authorized capital required is 5,000 PLN (~€1,100), which must be deposited into a Polish bank account before submitting the application.

No, the authorized capital must be deposited in fiat currency (PLN or EUR) into a Polish bank account.

Yes, a physical office in Poland is mandatory. Virtual or nominal addresses are not accepted for registration.

Crypto companies must implement robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, including:

• Customer identification and verification.
• Transaction monitoring and reporting for amounts exceeding €1,000.
• Maintaining internal registers of suspicious activities.

While crypto companies are not directly supervised by financial authorities, they may be audited for compliance with AML/CFT regulations and tax obligations.

A: Crypto companies are subject to:

• Corporate Income Tax (CIT): 9% for revenue up to €2M, 19% above.
• VAT: Exempt for crypto-to-crypto and crypto-to-fiat transactions under EU VAT Directive 2022/542.
• Capital Gains Tax: 19% on profits from crypto trading.

Yes, a non-resident can serve as the director. However, the company must hold an annual board meeting in Poland.

Operating without proper registration can result in fines, business suspension, or criminal charges for non-compliance with AML/CFT laws.

Poland’s crypto regulations align with the EU’s Fifth Anti-Money Laundering Directive (5AMLD) and the upcoming Markets in Crypto-Assets (MiCA) framework, ensuring compliance with EU-wide standards.

Yes, you can acquire an existing crypto company with a valid license. However, thorough due diligence is essential to ensure compliance and avoid hidden liabilitie

Starting in 2025, new regulations include:

• Cash transaction limits: PLN 20,000 for B2C transactions and PLN 8,000 for B2B transactions.
• Dual revenue recognition: Transactions exceeding cash limits must be reported twice for tax purposes.
• Enhanced AML/CFT measures for transactions above €1,000.

Crypto startups can access:

• EU grants and local subsidies for business development.
• Support from the Blockchain and New Technology Chamber of Commerce.
• Advisory services from the Innovative Hub for Fintech and blockchain innovations.

No, a Polish bank account is mandatory for depositing authorized capital and conducting business operations.

Key documents include:

• Company incorporation papers (Articles of Association, registration certificate).
• AML/KYC policies and internal control procedures.
• Business plan and financial forecasts.
• Proof of minimum capital deposit.
• Director and shareholder identification documents.

Yes, Poland offers:

• Lower licensing and operational costs compared to Germany or Luxembourg.
• Access to the EU single market.
• A progressive regulatory environment and tech-savvy population.

Registered companies must:

• Submit annual financial statements.
• Maintain AML/KYC records.
• Report suspicious transactions to the authorities.
• Renew their registration annually with the Tax Administration Chamber.

Yes, a single VASP registration covers multiple crypto-related activities, including exchanges, wallets, and brokerage services.

Partner with legal and compliance experts to:

• Draft AML/KYC policies.
• Prepare application documents.
• Conduct regular audits and staff training.