With the MiCA regulation coming into effect, many are looking for new opportunities to operate a cryptocurrency business. We are pleased to introduce a great alternative that allows you to legally establish and operate your cryptocurrency and digital asset activities in Bosnia and Herzegovina.
The country has recently implemented new regulations for obtaining a Virtual Asset Service Provider (VASP) license, opening new doors for businesses looking to legalize their operations and expand their services in this rapidly growing market.
Activities Covered by the VASP License
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Custody and management of virtual currencies (wallet depository service provider)
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Operation of a cryptocurrency trading platform
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Exchange of cryptocurrencies for legal tender
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Exchange of one cryptocurrency for another
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Transfer of cryptocurrencies and execution of orders on behalf of third parties
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Providing financial services related to the issuance and/or sale of virtual currencies
Advantages and Requirements
✔ A local company is required to obtain the license
✔ No minimum capital requirement (recommended at least 1,000 EUR)
✔ A local business address is required
✔ No residency requirements for founders (a local or EU-based director is recommended)
✔ A special bank account must be opened in a local bank (personal visit required)
✔ A detailed business plan must be submitted
✔ An MLRO (Money Laundering Reporting Officer) is required (EU citizen or local specialist recommended)
✔ Financial records must be maintained, with monthly reports submitted
Company Registration & VASP License Timeline
📅 8-12 weeks
Price upon request
The price includes:
✅ Registration of a local company
✅ Payment of government fees for the first year
✅ Preparation of corporate documentation
✅ Rent of a local office for one year
✅ Submission of the VASP license application and obtaining the license
✅ Opening a bank account in a local bank
✅ Full support throughout the entire process
Additional Services Available (at an extra cost):
➕ Local director / nominee service
➕ Work permit for a foreign director
➕ Preparation of an AML compliance package
➕ Bank account setup for cryptocurrency transactions
➕ Accounting services
