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EFFORTLESSLY ACHIEVE MICA COMPLIANCE AND EXPAND YOUR CRYPTO BUSINESS ACROSS EUROPE WITH OUR EXPERT LEGAL GUIDANCE
ICON.PARTNERS provides legal services to Web3 businesses worldwide
AI and machine learning believers
Serve clients valued from 200k up to 3.5b USD
First EEA law firm issued its own NFT in 2021
Specializing in tech, corporate, securities, tax, privacy, intellectual property laws, M&A, and litigation







WHAT IS MICA?
MiCA is the EU new regulatory framework designed to bring legal clarity and standardization to the crypto industry. It sets out rules for the issuance, trading, and operation of crypto-assets, including requirements for stablecoins and crypto-asset service providers.

WHO DOES MICA APPLY TO?
This Regulation applies to companies issuing, offering, or trading crypto-assets, or providing related services within the Union. Such parties include:
Crypto-asset service providers (CASP). Entities providing one or more crypto-asset services.
Legal entities or undertakings issuing crypto-assets.
Offerors. Entities (including issuers) offering crypto-assets to the public.
WHY COMPLIANCE IS IMPORTANT?
Complying with MiCA is crucial to access the EU market.

Avoidance of legal risks
Minimizing the chance of fines or sanctions

Building trust with investors and customers

Specializing in drafting and reviewing contracts to ensure legal compliance and protect your interests.
Offering global services including M&A, business registration, company structure navigation, and legal compliance in 40+ countries.
Providing comprehensive support for startups with legal compliance for their expansion strategy, utility or security token legal considerations, corporate services, investment documents, and DAO creation.
Proactively identifying compliance risks to prevent regulatory issues and minimize fines and disputes.
Providing strategic guidance in licensing, documentation preparation, and regulatory communication for FinTech businesses.
Offering comprehensive tax solutions through meticulous analysis and personalized recommendations.
Providing thorough protection services for IP, including patents, copyrights, registration, and DMCA complaints.
Ensuring compliance with regulations like GDPR, CCPA, LGTD, and others to safeguard personal data and integrate robust measures for industry-standard compliance.
Specializing in payment system selection and legal integration, including cryptocurrency or high-risk processors, and gateways or payment orchestras, chargeback management solutions with support in policy formulation and documentation
Handling disputes from pre-trial negotiations to court enforcement, guiding clients towards favorable resolutions aligned with their objectives.
- Reducing risks during the project launch
- Identifying ways to reduce the volume of compliance requirements
- Increasing attractiveness for investors
Selecting the most suitable jurisdiction, taking into account the favorability of the jurisdiction for your type of activity and other important factors.
We have reliable partners in over 40 jurisdictions and a deep understanding of the challenges involved in establishing and maintaining a company in each country. This gives the opportunity to quickly and correctly resolve all the issues, avoiding penalties.
We have a database of financial institutions that can help you open an account and start conducting business in a shorter time frame.
- Meeting European requirements for crypto assets
- Reducing the risk of sanctions and fines
- Expanding the market
- Protecting client data
- Avoiding fines for non-compliance
Professional appearance and legal protection of the website and you as the site operator
Ensuring compliance with MiCA and increasing chances of attracting investors and clients
- Professional legal support at all stages of the ICO
- Increasing the likelihood of successful fundraising
Cyprus company formation cost usually begin with €1,200. But, it's worth mentioning, that the final price varies individually depending on factors such as the type of business activity, company size, and company type and others. Moreover, yearly ongoing costs should not be loose sight of, such as taxes, accounting services, office rent and such.
Yes, there are no residency restrictions for shareholders. But please note that a company should have at least one director who is a resident of Cyprus. This need is connected with the fact that, in accordance with the Cypriot Law, management and control of an entity are to be exercised in Cyprus in order for the company to be a tax resident of Cyprus. Being a tax resident allows the company to benefit from favourable tax regime.
The registration process is quite straightforward. First, you will have to reserve your company name. So, that's what you do next is ready all that paperwork, and you submit it for company registration. The majority of times, name reservation and registration applications can be done from a distance, via government services online.
But you should also not forget the need to get registered with the tax authorities of Cyprus, once the company incorporation processes are over.
Cyprus has a lot to offer to entrepreneurs - business-friendly surroundings and a favourable tax system. If you make sure you follow local law, company registration and ongoing compliance is not complicated.
Requirements to open a bank account vary by bank. Additionally many companies can choose alternatives like online banks or Electronic Money Institutions (EMIs) instead of traditional banks.
There is no minimum share capital requirement for a Private Limited Company, whereas the minimum share capital for a public company is €25,629.
In Cyprus, an MSA and employment contract are both suitable forms of engagement, and the decision would be based on the particular facts of the case. The type of work, the amount of control the business has and the duration of the project, need to be taken into account.
Both formats are acceptable however they have distinct legal, tax and commercial implications. So, that's something you will need to talk to a specialist about before choosing. We can assist you to consider your particular circumstances and choose the best solution.
Any legal person registered in the Republic of Cyprus who has made taxable supplies of goods and services in the past twelve consecutive months, or expects to exceed €15,600 in taxable supplies within the next thirty days, is required to submit a supplementary VAT registration form.
After registration, the individual or entity must file VAT returns quarterly (every three months).
The cost of starting a company in Delaware depends on the type of entity being registered. Forming an LLC in Delaware costs $110 in state filing fees, while corporations pay different amounts depending on whether they’re domestic or foreign – with annual report fees typically being $50 or $125. Icon.Partners has special offers for starting a business in Delaware.
A non-resident can start a business in Delaware by creating an LLC or C-Corporation.
Icon.Partners generally recommends a Delaware C-Corp for non-resident founders, but the right choice depends on factors such as your residency, goals, tax setup, and other relevant factors – we’ll help you decide what works best for you.
You do not need a physical address to start a company in Delaware, instead you need a registered agent.
Registering a company in Delaware typically takes around a month, with about three weeks of that time spent obtaining an EIN.
If a company operates in Delaware, it needs to have a business license.
In Delaware, businesses may be required to pay both federal and state income taxes, as well as a state franchise tax, though some exemptions might apply.
Yes, you can start a business in Delaware online by choosing a unique name, appointing a registered agent (we have trusted partners), filing your incorporation documents online, and paying the fees.
Company setup costs in the UAE depend on the different conditions. In Free Zones, prices typically range from AED 15,000 (4,083.85 USD) to AED 40,000 (10,890.28 USD), while Mainland company formation usually costs between AED 20,000 (5,445.14 USd) and AED 50,000 (13,612.85 USD).
Non‑residents can be shareholders, directors or managers and are eligible for residence visas sponsored by their company.
Choose mainland vs free zone and legal form.
Select your business activity and reserve a trade name.
Apply for initial approval.
Prepare and notarize incorporation documents.
Lease office space or flexi‑desk.
Submit documents and pay government or free‑zone fees.
Receive your business license and register with the Chamber of Commerce.
Open a corporate bank account.
The UAE offers 100% foreign ownership, no personal income tax, and low corporate tax rates. Businesses benefit from 15 minutes digital setup with the Basher eService, access to residence visas, full currency freedom, and a stable, pro-investment economy.
You will need to provide your trade license, Memorandum or Articles of Association, board resolutions or Power of Attorney, and passports or Emirates IDs of shareholders and authorized signatories to a UAE bank. Complete KYC documentation, fulfill the minimum deposit requirements, and wait for approval, which usually takes 5–10 business days.
Most mainland companies, such as LLCs, have no fixed legal minimum, though practical requirements may apply based on the business activity. In UAE free zones, the minimum capital requirement varies by zone and license category, typically ranging from AED 0 up to AED 300,000 (81,677.10 USD).
In the UAE, working under a service agreement is often cheaper and more flexible for companies. The companies can save on visas, benefits, and end-of-service pay, paying only for specific work delivered. Contractors work independently, so there’s less legal and admin burden. However, it’s crucial to avoid misclassifying employees as contractors to prevent fines.
OAE companies must register for VAT if their annual taxable turnover exceeds AED 375,000 (102,096.37 USD). Registration and return filing are handled through the Federal Tax Authority.
ESR applies to businesses engaged in relevant activities such as banking, holding, or shipping. Companies must notify the FTA within six months after the financial year-end and submit an annual ESR report.
Both VAT and ESR filings are completed online via the FTA portal.
Yes, foreigners can register a company in Hong Kong and own it 100% without the need to involve a local partner.
Physical presence is not required for setting up a company in Hong Kong - everything can be done remotely.
To register a company in Hong Kong with the Hong Kong registrar, you will need a notarized and apostilled copy of your international passport, national ID or driver’s licence, recent proof of address (in English), a video with ID verification, and proof of source of funds or wealth.
The process of setting up business inHong Kong usually takes 2 to 3 weeks from the moment you have provided us with all the requested documents.
There is no set minimum share capital requirement for Hong Kong business registration; the share capital can be as low as 1 HKD.
Yes, companies in Hong Kong are required to have a local secretary, which can be an individual or a corporation.
To create a company in Hong Kong, you are required to file annual tax returns and can benefit from a favorable tax regime, including low corporate income tax rates
You can register an IBC, fully accessible to both individuals and legal entities from abroad.
Typically, 1–2 weeks for an IBC. Additional time may be needed for bank setup or document certification.
Yes, the entire process for Seychelles IBC formation can be done online without visiting Seychelles.
You’ll need a valid passport, proof of address, and basic KYC documents for each company participant.
Absolutely. Most banks and neobanks accept remote applications for your Seychelles offshore company
Yes. A registered address and licensed agent are mandatory for Seychelles company incorporation.
They include the government renewal fee, registered agent services, and any optional services you’ve added. All are essential to keep your Seychelles IBC in good standing.
Only on income earned within Seychelles. Offshore income is tax-free thanks to the territorial tax system, which is a major advantage of Seychelles offshore company formation.
Yes. There are no nationality or residency barriers for standard sp. z o.o.; standard KYC applies. This makes company registration in Poland accessible to international founders and is often the first step for starting a business in Poland.
S24 company formation in Poland is typically fast once documents are aligned; notary routes depend on agenda and drafting. Realistic windows are planned and VAT and banking are sequenced in parallel.
State fees plus professional support and annual accounting. A fixed quote in EUR is provided after scoping your structure and VAT position for company incorporation Poland.
In most cases no. Company registration in Poland and post-registration procedures are fully remote with appropriate e-signatures; originals are arranged where required.
S24 uses model clauses and all-digital filing for company incorporation in Poland; notarial incorporation supports bespoke Articles, complex investor rights and customized share classes.
KRS is the court register entry (company register in Poland); NIP is the tax ID; REGON is the statistical identifier used for reporting and contracting.
No general local-director requirement for Poland company formation, but it is recommended to have a local director. Substance and management should reflect where strategic control occurs.
Sp. z o.o. requires a modest statutory minimum (set in PLN). The amount can be calibrated for banking and investor optics when you register company in Poland, with all figures quoted in EUR.
Yes, via S24 with qualified e-signatures. This addresses how can i start a business in Poland with a remote-first process, making setting up a business Poland accessible from anywhere.
Yes. Polish entities must keep proper books and meet filing deadlines after company incorporation in Poland. A cloud ledger and monthly reporting setup is essential.
Typically with EU EMIs. Documentation is coordinated for onboarding after company formation in Poland; national/state banks are outside the scope.
Payment/acquiring and e-money fall under EU rules transposed nationally; crypto activities are subject to AML registration and, prospectively, MiCA authorisations; in turn fintech companies also fall under AML requirements as well as CRD, PSD2 and local laws, depending on the type of services When you register company in Poland for fintech or crypto, the required path and timeline will be mapped accordingly.
Foreigners can open a business in Spain by obtaining an identification number and following the established company registration procedure.
The most popular types of companies in Spain are the Limited Liability Company, the Joint Stock Company and the sole proprietorship (self-employed).
Registering a company in Spain usually takes from a few days to a few weeks depending on the completeness of the documents.
It is recommended to hire an accountant for proper accounting and tax reporting.
Businesses in Spain pay corporate tax, value added tax (VAT), social security contributions, and other fees depending on the type of activity.
Yes, in Spain you can open a bank account to deposit authorized capital before the company is officially registered, but only in its name with the mark “under formation".
Yes. But there are forms, like S-corporations, which may not be registered by non-residents.
LLC is a company, owned by members, which has a more flexible management structure. It allows taxing the profit once by the member’s personal taxes. In turn, C-corp is a corporation, allowing it to issue shares, involve investments, but with more demands for management. Also it has so-called double taxation: at the level of the company and the owner.
Both states provide a favorable tax regime. However, Delaware is more popular for venture startups and large corporations, when Wyoming is usually chosen for small businesses.
The state fees can vary depending on the form of the company and the state; they are typically around $100. Although, the additional fees for the registration and registered agent services also vary, and start from $500 and increase according to the scope of services.
With online registration, the time of the Secretary’s approval can take some days. However, the terms can be longer depending on the load level in the state. Moreover, the Secretary's approval still doesn't mean the company is ready to provide services. It is also required to order mail forwarding services, to apply for an EIN (for non-residents, this process can take more than two weeks), and possibly other requirements.
You do not need to live and have a physical address in the USA to register the company. However, you still need to have the address that can be used for the registration, typically it is the registered agent’s address.
As a rule, it is hard to do. The US banks typically require the personal presence or the existence of a real address (with all proofs) in the USA. But, there is also an option to use the payment institutions’ services as an alternative.
Typically, it is necessary to have the owner’s passport, address confirmation, to sign the application form, mail forwarding form, and SS-4 form. But the scope of documents can vary, depending on the specific case.
In order to register an LLC or C-corp, the ITIN is not required. Even so, for LLCs, the ITIN is usually required when submitting the reporting. In turn, each company needs to obtain the EIN.
Yes, it is possible. But you may need to send some documents via the post.
In the case of LLC, the owner shall pay the personal income tax according to the progressive rates (10%-37% on the federal level) and the specific rate at the state level, as well as a self-employment tax. On the other hand, C-corporations pay corporate income tax 21% at the federal level and the applicable rate at the state level. Moreover, there could be taxes on dividends.
Firstly, to prepare the necessary documents, check the available state, the company’s form and name. Then you will need to get the registered address services, to submit the application form, order mail forwarding, and receive the EIN number. There could also be additional steps like registering in the EFTPS system, hiring employees, and others.
In most cases, especially with non-residents the registered agent’s services are required. Particularly to get the possibility of using the US registration address.
In most cases, especially with non-residents the registered agent’s services are required. Particularly to get the possibility of using the US registration address.
To ensure the good standing of the company, it is essential to renew the registered address services, to submit the company reports in time, pay taxes, check the applicability of taxes in other states (like sales tax), and update the corporate documents after the changes. Of course, the companies may have other requirements, depending on the type of activity, investment plans, market conditions, possible licensing requirements, number of employees, and so on.
Yes, the US market has a lot of such businesses. But it should be noted that doing business in different states can have risks for applying the local taxes.
Yes, foreigners are allowed to start a business in Ireland.
Yes, having a registered address in Ireland is mandatory. This must be a physical premises used as the company’s official legal address. It serves for the receipt of correspondence, court summons and other official documentation.
The company registration process usually takes one to two weeks from the time of submission of a complete package of documents.
The procedure for opening a company includes several main steps:
Choose a unique company name and check its availability through the CRO portal.
Determine the registered address in Ireland.
Appoint at least one director and one shareholder.
In the absence of an EEA resident director, issue a bond for €25,000.
Prepare the company's articles of association with a description of the company's objectives, capital and signatures of shareholders.
Appoint a company secretary.
After successful registration, a Certificate of Incorporation is issued.
Register with the Revenue for relevant taxes.
Open a corporate bank account.
A beneficial owner is a natural person who directly or indirectly owns or controls more than 25% of the shares or votes of a company, or exercises control through other means (for example, agreements between shareholders or the right to appoint management).
A company may be required to register for the following taxes:
Corporation Tax
VAT - mandatory if the annual turnover exceeds €42,500 (services) or €75,000 (goods).
Income Tax - for self-employed individuals, freelancers, partnerships.
PAYE, USC, PRSI - payroll taxes for employees and employers etc.
LTD is a separate legal entity with limited liability of its shareholders. It is fully liable for its own obligations. Branch Office is not a separate legal entity, acts on behalf of the parent company, which is fully liable.
Every company in Ireland is required to have a secretary. Responsibilities include:
timely filing of annual reports with the CRO;
keeping the company seal;
organizing board meetings and keeping minutes;
maintaining registers of members, directors, beneficiaries;
interacting with shareholders;
advising directors on corporate governance.
Employer of Record is a service that allows a company to officially employ personnel in Ireland without registering a legal entity. EOR takes on administrative functions: execution of contracts, tax deductions, payment of salaries, compliance with legal regulations.
Usually, incorporation of a BVI company classically takes up to 3 business days, unless you are interested in setting up a business in a regulated sector. In that case, the licensing process can be prolonged in time and takes approximately 4 to 6 weeks, sometimes even longer if the package of documents required to get a license requires additional review.
The bare minimum to set up a BVI company is to have one shareholder and one director. If you want to be the sole shareholder and, at the same time, be a director in the company, you surely can do that. Additionally, your company name needs to be available to be registered. That’s why the need ot company registration search in the British Virgin Islands exists.
Depending on the bank where you want to open an account. Some of them do require a person to be physically present at the bank and go through the KYC process. But what’s cool about the BVI, it has alternative options. So, there are plenty of them where you do not need to meet in person to open an account.
Compared to other popular traditional jurisdictions with offshore status, the cost of company formation in the BVI isn’t the cheapest. Approximately, the price of company registration in the British Virgin Islands starts from 1450 USD up to 3500 USD (depending on the list of services you want us to conduct).
Depending, what information you mean. Generally, the information about the company’s registered office, registration number, company status, date of incorporation, and authorized capital is considered public. Which means you can access all this data about any and all BVI companies. You can check it yourselves before registration by searching any company via the Registrar of Companies in the BVI, and look at the list of data that appears from the search.
At the same time, information about shareholders and beneficial ownership isn’t publicly available, and can mostly be viewed by the court only upon its request.
To say shortly, all companies and limited partnerships registered or incorporated in the BVI need to conduct an annual review. Such a review has to assess if the company has carried on any relevant activity; the company is considered a tax resident of the BVI, and if not, what jurisdiction it is, and an evaluation of substance in the BVI for the company and the need for its demonstration.
Yes, you definitely can.
So, nothing special. Basic documents are needed from each shareholder and director, including state passports, international passports, and utility bills for each director and shareholder. Other documents may be requested in the incorporation process.
You'll need your company name reservation, notarized Articles of Association, tax certificates, and proof of registered office. Don't forget IDs, signature samples, ownership statements, and a Power of Attorney if you're using a representative, plus bank confirmation of your share capital.
Romania provides a long-term visa for entrepreneurs (Type D/AC), granting access to a renewable temporary residence permit. For active investors, there are pathways to accelerated permanent residency, and eventually, citizenship can be acquired after a period of continuous legal stay.
Literally, every entrepreneur can harness the potential of a growing country in a European jurisdiction with low taxes.
Yes! You can set up your company in Romania remotely using a Power of Attorney (POA).
Typically, company registration takes 7 to 14 business days if documents are perfect. The full process, including bank account and tax setup, might extend to 6-7 weeks.
The minimum share capital for an SRL is an incredibly low 1 Romanian Leu (RON).
Key taxes include a 16% Corporate Income Tax (or 1-3% Microenterprise Tax), 10% dividend tax, and VAT (19% standard, with proposed changes to 21% from August 2025).
No, absolutely not! A Romanian company can be 100% owned and managed by foreigners. Directors don't even need to reside in Romania or the EU.
This regime offers super-low tax rates of 1% or 3% on turnover instead of profit, dramatically simplifying your tax burden and boosting your bottom line.
Absolutely! Many Romanian banks and fintechs offer video verification processes, letting non-residents open corporate accounts without ever setting foot in the country.
First, determine if VAT registration is mandatory or if you want to opt in. Gather your company documents, then submit your application to ANAF online. For non-residents, a local fiscal representative might be needed. Then, await your VAT number!
Icon.partners helps complete online registration. We are able to manage the entire process without your physical presence.
The procedure takes 3-5 business days after document submission.
Approximately €0.20 suffices for incorporation.
Standard corporate rate: 16%. Microenterprise: 1-3%. VAT: 19%.
None. Full foreign ownership and management are permitted.
Reduced taxes, simplified accounting, and startup eligibility make this attractive.
After incorporation, apply through ANAF with activity proof and valid office documentation.
Absolutely, foreigners can launch companies in the Czech Republic with the same rights and requirements as local citizens.
Typically 2-3 weeks. Faster registration is available, taking just 3 work days.
Just 1 CZK!
No, fully remote registration is possible. Some bank procedures might require physical presence.
The Czech Commercial Register includes all statutory company data: name, address, form, capital, management, and a Collection of Documents.
Yes, most banks allow it. However, due to AML requirements, personal presence might sometimes be needed.
The standard Corporate Income Tax rate since 2024 is 21% — no regional taxes.
You'll need a notarized foundation document, the director's consent, proof of capital deposit, a criminal record certificate, registered address confirmation, and administrative fee payment for the Czech Commercial Register.
Our process is simple and efficient.
First, we discuss your planned business structure, taking into account your needs and goals. Next, we manage the process of preparing and submitting all the necessary documents.
Thanks to our professional support, you can be sure that the process will run smoothly and without delays. We will support you at every stage so that you can focus on your internal processes and business growth goals.
Several key documents are required to register a company: founders’ identification details and KYC questionnaires, incorporation/statutory documents, and confirmation of the company’s legal address. Sometimes, a physical office, business plans, or financial projections are required.
Additional permits or licenses may be necessary, depending on your chosen jurisdiction, business type, or industry.
Experts at Icon.Partners will help you draft, prepare, and submit all the necessary documents to ensure the legality of your business.
When starting a business abroad, you need to ensure you fully understand your expansion plans, business goals, and target markets. Is that specific foreign country fit for such an endeavor?
Then it’s time to choose your business structure (entity type, number of founders, etc.).
Next, you’ll need to prepare and submit all the necessary documents, taking into account local legal requirements.
Our most popular jurisdictions include the UK, the US, and the BVI. These countries offer their own favorable tax conditions and a stable legal environment for business.
Keep in mind: the choice of jurisdiction may depend on the industry, your target market, and your tax preferences.
In everyday language, these terms are often used interchangeably, as synonyms, and that’s generally acceptable.
Formally speaking, business formation refers to the overall process of initiating a commercial venture. Incorporation, on the other hand, involves creating a distinct legal entity (such as a corporation or LLC).
The cost of incorporation will include the fees and charges of both the government and your legal consultants. The overall sum depends on the chosen jurisdiction, type of company, and additional services. Typically, it can range from ??? to several ???.
Many countries do not require residency to register a company. However, certain jurisdictions may still need a local agent, director, or other representative.
The timeframe can vary from a few days to several weeks, depending on the jurisdiction and the complexity of your business structure. But these terms can significantly shift depending on how smoothly everything goes:
- Is your paperwork complete?
- Are you planning any activities that may be regulated?
- Are authorities quick to respond?
All these details can fast-track your launch or slow it down.
We also cannot forget a human factor — in common, companies with multiple founders will spend more time preparing for registration.
Good news: some countries offer expedited services for an additional fee.
Usually, you will need the incorporation/statutory documents, the founders' IDs, other KYC/AML documentation, and proof of the company’s address. Expect a few extras if your business falls into a regulated or specialized category.
Yes, an incorporated business can open a bank account. To do so, you will typically need to provide corporate documents, identification details, proof of business activity, and information on the purpose and expected usage of the account.
Standard Panama company formation files are often incorporated within days once the documents are in order; timelines depend on the Registry's workload and KYC responsiveness.
An S.A./IBC requires three directors; one person can hold multiple officer roles, but not all of them, so each director may additionally be a President, Treasurer or Secretary.
Yes, foreign ownership is permitted for standard corporate forms.
Territoriality: foreign-source income is generally outside Panama corporate tax; local income is taxed at standard rates.
Panama company registration can be completed remotely via a resident agent. For banking, requirements vary by institution; EMIs are typically fully remote, but policies vary.
In practice, the IBC is an S.A. used for international operations; both provide limited liability and flexible governance.
Yes. Entities must maintain accounting records and notify the resident agent where they are kept.
Annual franchise tax, timely record-keeping, and updates to beneficial-owner data with the resident agent where required.
Yes. Lithuania allows 100% foreign ownership and remote registration. It’s entirely possible to open a company in Lithuania without setting foot in the country. By granting a local representative a Power of Attorney, a foreign entrepreneur can have a UAB registered in as little as five business days. All you need are notarized copies of IDs and company data sent to your agent.
The standard minimum share capital for a UAB is €2,500. By law, you must deposit at least 25% of this amount (about €625) into the company’s bank account before registration (the remaining balance can be paid later).
A typical time frame is 1–3 weeks. Once documents are in order, the Register usually processes incorporation within 3 business days. Additional time may be needed for notarization, bank account setup, and delivery of documents.
No. Lithuanian law does not require residents to be represented in the company. You need at least one director, but that person can be of any nationality or residence. All shareholders may also be foreigners.
Not directly. Lithuania’s e-Residency provides a digital ID and e-signature, but it does not currently allow users to register a company online or open a business account fully through the platform. The program is still being expanded. For now, remote entrepreneurs use traditional registration processes (via Power of Attorney) rather than the e-Residency portal.
Typically: certified copies of all founders’ passports or ID cards, proof of their address, and details of the business (proposed name, activities). These must be notarized (and apostilled if from abroad). You will also need a Lithuanian address for the company. Icon.Partners prepares and translates the necessary Articles and forms on your behalf.
Yes, Lithuania is very fintech-friendly. It has attracted many financial startups and electronic money institutions (EMIs) – even Revolut established operations here.
Pick a name, then choose your entity — LLC or corporation. Search the NY corporate registry to make sure the name’s unique. File with the NY Department of State: use a Certificate of Incorporation for corporations or Articles of Organization for LLCs. Include a registered agent, then get an EIN from the IRS. If it’s an LLC, publish the required notice in local papers and file the Certificate of Publication. Finally, hold initial meetings and file your first Biennial Statement by your due date.
Basic state fees are 125 USD for a domestic corporation and 200 USD for an LLC. Foreign business filings cost 225 USD. LLCs also have publication costs (newspapers can charge 100–1,000 USD plus a 50 USD state filing. Biennial Statements are 9 USD every two years. If you hire services, add those costs.
Yes, New York’s Business Express portal lets you file most formation documents electronically.
Yes. New York law requires every LLC or corporation to have a registered agent or registered office in NY. If you don’t appoint one, the Secretary of State serves as your default agent. Many companies hire a commercial registered agent service to receive legal mail. Just be sure the agent has a physical NY street address and is available during business hours.
Apply online at the IRS website. You need to do this after forming your business in New York. You’ll need a responsible party’s Social Security Number or ITIN to complete the form. Once approved, the IRS issues the EIN immediately, and you can use it for taxes and banking.
To officially set up your LLC in California, you’ll need to: pick a unique name, file your Articles of Organization with a $70 fee, appoint a registered agent in California, get an EIN from the IRS, and file your initial Statement of Information for $20. You’ll also pay an $800 annual franchise tax and keep up with ongoing filings. With our service, we can often handle steps 2–5 for you, making the process fast and error-free.
As for costs, the main fees are $70 to file your Articles, $20 for the initial Statement, the $800 yearly franchise tax, and $20 every two years for updated Statements. You’ll also need a registered agent, which typically costs $100–$300 a year, plus any local licenses or permits. There’s no minimum capital requirement, and getting an EIN is free. If you use a formation service like ours, we quote a package price including all these fees and the work involved.
No. Anyone, including non-U.S. residents or foreign nationals, can form an LLC in California.
It can be very quick. Online filings via the Secretary of State’s BizFile system are often processed within hours to a few business days. Paper filings take longer (several weeks). In practice, with correct paperwork, you might get approval in 1–5 business days.
Yes. Once your California LLC is formed and you have an EIN, you can open a U.S. business bank account. In fact, Icon.Partners supports the opening of accounts in U.S. banks or fintech companies. This allows you to operate like any local business with your LLC.
Yes. California law requires every LLC to create an Operating Agreement. This internal document governs ownership percentages, voting rights, profit distribution, and management. You do not file it with the state, but you must have one in your records. If you skip it, the state default rules apply (which may not reflect your intentions).
Whether you’re asking “how to start an LLC in California” or are ready to create an LLC in California, our team is here to guide you. Contact Icon.Partners for a free consultation about forming your California LLC and taking advantage of all the tax and business opportunities this state offers. We will take care of the paperwork, fees, and details so you can focus on your business.
When registering a company in Hungary, you’ll usually need to provide the Articles of Association (signed and notarized), the company’s name and registered address, and details of the shareholders and directors, including passport copies and proof of address. If a shareholder is a legal entity, you may also need a signature specimen and some additional documents.
You don’t need to go there in person – the company can be set up remotely by giving a power of attorney to a local lawyer in Hungary. Just keep in mind that your documents will need to be notarized and apostilled.
Once all the required documents are submitted, registering a company typically takes up to 2 weeks.
The minimum authorized capital of a Kft (Korlátolt Felelősségű Társaság – limited liability company) is 3,000,000 forints, which now is approximately 7,500 euros.
Yes, foreign individuals and legal entities can own 100% of a Hungarian company.
Yes, Hungarian law allows the use of a virtual office as a company's registered address.
Opening a bank account remotely is possible, but this may depend on the policy of the specific bank.
The registration fee is dependent on the chosen method of registration, with prices ranging from 220 to 360 euros.
Yes, it is possible since Portugal allows online registration, which can be done without your presence.
The following documents are required: valid identification documents (passports and identity documents of all shareholders); the company’s articles of association; a certificate confirming the company name; a business plan; documents for opening a bank account in Portugal; a lease agreement for the company building; and proof of financial capability.
The registration process itself is quick, taking about one to three days. However, the preparation process can take a month or more.
IRC rates have been reduced by 1%. The general rate has decreased from 21% to 20%, and the rate applicable to SMEs and small mid-caps on the first €50,000 of taxable income has decreased from 17% to 16%.
Yes, a local address is essential for starting a company.
Yes, it's possible, but not all banks offer this option.
The LDA is the most popular legal structure for small and medium-sized enterprises (SMEs) in Portugal. The SA structure is usually favored by larger businesses or those planning to attract investment through public offerings. This structure provides greater credibility and supports a more complex ownership structure.
Start by choosing a bank that caters to offshore clients. Fill out their application form and provide your documents like ID, address proof, and details regarding where your funds come from. A few banks may ask for a video call or a minimum investment.
Yes, you can open offshore accounts in Dubai even if you are a non-resident. Most banks offer these facilities, although you may need to provide additional documentation to confirm your identity and source of funds.
You do not pay personal income tax on overseas income. Your finances are protected by tough privacy laws. Offshore accounts also help you deal with cross-border payments, savings, investments, and maintenance of foreign currency balances.
You will generally need:
Valid passport copy
Proof of address (utility bill)
Proof of income or source of funds (salary receipts, contracts, etc.)
Ref letter from your bank
A short statement of the reason for opening the account
Some banks may also ask for a basic CV.
Yes, nearly all Dubai offshore banks offer comprehensive online banking.
Individual accounts usually take 1–3 weeks. Business accounts can take 4–6 weeks.
Standard choices for expats are:
Emirates NBD
Dubai Islamic Bank
Standard Chartered
RAKBANK
HSBC Middle East
Generally, UAE offshore banking is safe. The UAE has a very regulated financial industry and strong legal frameworks in place that will protect investors and their investments. Nevertheless, it's always important to choose a solid bank and take proper steps to protect your money.
To open a Swiss bank account as a non-resident, you need to provide identification documents, proof of address, and complete the bank’s due diligence process.
Minimum deposit starts from 10,000 CHF; however, a lot would also depend on the bank, account type, client status, etc.
Yes, you can open a Swiss bank account online, but a lot of banks still ask you to visit a branch or finish the online process via email.
Swiss bank accounts are among the most confidential in the world, and the country’s economy is stable. They grant you a high level of security.
The Swiss bank account opening process typically takes between 1 and 4 weeks.
Yes, many Swiss banks offer English-speaking support to accommodate their international clients.
Yes, Swiss banks are fully capable of supporting international business transactions.
Through online services or banks that do not require personal presence. Documents, verification, and a short questionnaire are required.
Yes, many digital platforms allow you to do this completely remotely, if your country is not on the banned list.
For a personal account: the owner's passport or ID; for a business account: company registration certificate, ownership structure details, and a brief description of the business.
From a few hours to 1–3 days if through online services. In traditional banks, it can take up to 10 business days.
Yes, if everything is okay with the documents and the company is legal, perhaps through fintechs or banks that support it.
Yes. Wise, Revolut, Monzo — support accounts in GBP, EUR, USD..
Usually £5–15 per month, plus a separate fee for currency conversion or SWIFT transfers.
For many online services, no. But some traditional banks may require a UK address.
Yes, you can open an account from abroad. You just need to choose an available bank and prepare documents.
Most often, these are certified copies of the company's registration certificate, proof of residence of all directors, shareholders holding more than 10% of shares, nominee and beneficial owners, as well as the business address, proof of funding sources, KYC documents, proof of business activity and additional documents (description and nature of the business, company overview, etc.).
It all depends on where the account is opened and whether the documents are ready. On average, it takes 15-20 business days.
Each situation is different, but fintech solutions are the best in this case.
For non-residents, fintech platforms such as Statrys, Neat (part of Rapyd), and Airwallex will be the top solution.
It all depends on the institution: traditional banks require larger amounts (for example, from HKD 10,000), while fintech platforms may have no or very low minimum deposit.
Most often, such situations are associated with insufficient research of the requirements before submission, inconsistency of the business or applicant, etc. To avoid such situations, choose Icon.Partners!
Yes, most banks and fintech companies offer multi-currency business accounts, which helps international businesses grow.
The minimum share capital for company incorporation in Latvia varies by type: Limited liability company (SIA) — 2,800 EUR; Joint-Stock Company (AS) — 35,000 EUR.
Yes. A foreigner can open a company in Latvia without needing to relocate or reside in the country.
Company formation in Latvia takes 1 to 3 business days after all documents are submitted to the Register of Enterprises, excluding the submission day. The review period may be extended.
The main taxes for Latvian companies are:
Corporate Income Tax (CIT)
Value Added Tax (VAT)
Withholding Tax (on certain payments to non-residents)
Yes, a Latvian address is required. However, you do not need a local representative.
The procedure for opening an account in a Latvian bank can be remote, but some institutions require a personal meeting of the client for physical identification and signing of banking forms. By agreement, the meeting can also be arranged via videoconference.
The Limited Liability Company (SIA) is the most common type of company in Latvia.
Absolutely. Latvia is suitable for IT and crypto businesses.
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SOLUTIONS
Offeror of crypto-assets other than asset-referenced tokens and e-money tokens
Start
1. Business ideas risks analysis, crypto asset assessment
2. MiCA compliance (initial)
3. Legal support for white papers and marketing communications
Basic
Everything in Start +
1. Jurisdiction selection registration
2. Company registration
3. Opening a bank account
Pro
Everything in Start and Basic +
1. ICO support
2. GDPR compliance
3. Drafting website documents
4. Developing and implementing AML/KYC policies
5. Unlimited possible legal tasks within the guideline of MiCA compliance
Offeror of crypto-assets other than asset-referenced tokens and e-money tokens (who have issued utility tokens but want to enter the European market)
Basic
1. Business ideas risks analysis, crypto asset assessment
2. MiCA compliance (initial)
3. Legal support for white papers and marketing communications
Pro
Everything in Basic +
1. GDPR compliance
2. Drafting website documents
3. Developing and implementing AML/KYC policies
4. Unlimited possible legal tasks within the guideline of MiCA compliance
Offeror of asset-referenced tokens
Start
1. Business ideas risks analysis, crypto asset assessment
2. MiCA compliance (initial)
3. Choosing a jurisdiction for company registration
Basic
Everything in Start +
1. Company registration
2. Opening a bank account
3. Legal support for white papers and marketing communications
4. Assisting in obtaining the license
5. Assistance with service passporting, communication with ESMA
Pro
Everything in Start and Basic +
1. GDPR compliance
2. Drafting website documents
3. Developing and implementing AML/KYC policies
4. ICO support
5. Unlimited possible legal tasks within the guideline of MiCA compliance
CASP
Start
1. Business ideas risks analysis, crypto asset assessment
2. MiCA compliance (initial)
3. Choosing a jurisdiction for company registration
Basic
Everything in Start +
1. Company registration
2. Opening a bank account
3. Legal support for white papers and marketing communications
4. Assisting in obtaining the license
5. Assistance with service passporting, communication with ESMA
Pro
Everything in Start and Basic +
1. GDPR compliance
2. Drafting website documents
3. Developing and implementing AML/KYC policies
4. Unlimited possible legal tasks within the guideline of MiCA compliance
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Retro Bridge
Overview:
Cross-chain bridge supporting 33 networks, including EVM, Solana, TON, and Bitcoin.
Services Provided:
-
Legal risk assessment: contracts, IP, taxation.
-
Corporate structuring and jurisdiction selection.
-
Company registration in BVI with essential legal documents.
-
Integration of compliant crypto and fiat payment solutions.
-
Drafting of investment and IP transfer agreements.
Legal Challenges:
Complexities in IP transfer, investment contracts, and payment compliance.
Business Outcome:
Secured VC investments, achieved full legal compliance, and built a robust corporate and payment infrastructure.
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