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We have the necessary skills and competences to assist our clients with obtaining their VFAA licence while ensuring that they have a robust and significant business plan.
Obtaining a VFA Licence in Malta
In order to be able to provide the above services an applicant would need to obtain a VFA Service Licence as described hereunder.
- Licence holders authorised to receive and transmit orders and, or provide investment advice in relation to one or more virtual financial assets and, or the placing of virtual financial assets.
- Initial Capital Requirement: €50.000
- Application Fee: €6,000
Annual Supervisory Fee:
- For revenue up to €50,000 = €5,500
- Further tranches of €50,000 up to a maximum of €1,000,000 = €700 per tranche
- Licence holders authorised to provide any VFA service and to hold or control clients’ money, but not to operate a VFA exchange or deal for their own account.
- Initial Capital Requirement: €12,000
- Application Fee: €10,000
Annual Supervisory Fee:
- For revenue up to €250,000 = €9,000
- Further tranches of €250,000 up to a maximum of €5,000,000 = €800 per tranche
- Licence holders authorised to provide any VFA service and to hold or control clients’ money, but not to operate a VFA exchange.
- Initial Capital Requirement: €125,000
- Application Fee: €14,000
Annual Supervisory Fee:
- For revenue up to €250,000 = €12,000
- Further tranches of €250,000 up to a maximum of €50,000,000 = €800 per tranche
- Licence holders authorised to operate a VFA exchange and to hold or control clients’ money, virtual financial assets and, or private cryptographic keys and custodian or nominee services solely in relation to the operation and activities of such VFA exchange.
- Initial Capital Requirement: €150,000
- Application Fee: €24,000
Annual Supervisory Fee:
- For revenue up to €1,000,000 = €50,000
- Further tranches of €1,000,000 up to a maximum of €100,000,000 = €5,000 per tranche
Our VFA Services
As a leading Services Provider in Malta, CSB Group is able to provide further information and assistance on what Malta has to offer in relation to blockchain and cryptocurrencies. Backed with years of experience in company incorporation, tax advisory and regulatory and compliance, our team can give complete solutions to anyone wishing to set up a fintech operation in Malta. Our Services include:
- Accounting & Bookkeeping Services;
- Assistance with MFSA Application Process (ICO, Crypto Exchange, VFA Services);
- Assistance with setting up of local presence & substance (office space and personnel);
- Assistance with MFSA meetings, forms and due diligence requirements;
- Assistance for the attainment of EMI/PSPs & MiFID Licences;
- Bank Account Opening;
- Company Formation;
- Company Re-domiciliation;
- Drafting of legal documents;
- Drafting or Review of ICO White-Paper;
- Drafting or Review of Business Plans;
- Drafting Policies, Website T&Cs, GDPR compliance;
- Financial Instruments Test;
- Financial Projections;
- Licence Advisory Services;
- Legal opinions;
- Ongoing Monitoring;
- Tax and VAT Services.
OUR SERVICES
VFA, Blockchain & Fintech
We offer the following related services.
Testimonial
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We at Staern Ltd are glad that we work with CSB Group. Experienced, dedicated and supportive specialists. People you can rely on even in very complex business challenges such as VFA Licence application. People you can trust. People who can motivate and continue to go forward even in very complex business challenges. We are very glad to work with CSB Group on our VFA Service Provider Licence.
Staern Ltd
AT YOUR SERVICE
Need our assistance with VFA, Blockchain & Fintech services?
CSB Group can help you set up a successful Fintech operation in Malta.
