{"id":21621,"date":"2018-09-21T09:00:23","date_gmt":"2018-09-21T13:00:23","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=21621"},"modified":"2020-09-01T07:00:34","modified_gmt":"2020-09-01T11:00:34","slug":"opening-a-cryptocurrency-exchange-in-st-lucia","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/opening-a-cryptocurrency-exchange-in-st-lucia\/","title":{"rendered":"Opening a Cryptocurrency Exchange in St.Lucia"},"content":{"rendered":"

Opening a Cryptocurrency Exchange in St.Lucia<\/strong><\/h2>\n

There are many countries that are welcoming with open arms any investor who wishes to open a cryptocurrency exchange or blockchain based project on their country. Most smaller nations are starting to see the potential that comes with these two technologies while larger countries are limiting them. One of the best jurisdictions for an efficient and low tax cryptocurrency exchange is St. Lucia. In this article, we\u2019ll look at what you need to know to open an exchange in St. Lucia. <\/span><\/p>\n

Now that cryptocurrencies and blockchain have proven that they are worth the hype, the next question is where is the best jurisdiction to start operating your startup. The answer for blockchain is easy as many countries are much more interested in that technology than they are in in cryptocurrencies. <\/span><\/p>\n

Cryptocurrencies have not been as welcomed by foreign jurisdictions as blockchain has. Still, there have been some countries around the globe that see the massive potential that opening a cryptocurrency exchange has for their economy.<\/span><\/p>\n

Most of the countries where cryptocurrency exchanges are operating from <\/span>are in Europe<\/span> or in Asia. This is great as both of these options position you in a prime market next to financial institutions willing to invest. <\/span><\/p>\n

Yet, opening a cryptocurrency exchange in this markets is costly. Opening a cryptocurrency exchange in Europe or Asia costs more money than it would any other country. So, this is why I am recommending the small caribbean country of St.Lucia as the home for your cryptocurrency exchange. <\/span><\/p>\n

St. Lucia might not be the first country that comes to mind when you think about cryptocurrency exchanges, but it definitely should. The caribbean is a fantastic and gorgeous fiscal paradise that is also cheap. <\/span><\/p>\n

There are industry experts who have said that the caribbean could be on its way to become the next crypto valley. The caribbean may not have the technological infrastructure than Switzerland or Estonia has, but it does have the financial services, willing governments, and the best tax laws on the books. <\/span><\/p>\n

By opening a cryptocurrency exchange in St. Lucia you will have full support from the government as they welcome every investment made to the island. Also, you can purchase a second passport \u00a0from St. Lucia at the time of your investment. <\/span><\/p>\n