Gibraltar FinTech Lawyers
On the first of January 2018, amidst the fireworks and fanfare of New Year celebrations, the Gibraltar FinTech industry was born. The jurisdiction thus became one of the first jurisdictions to enact specific Distributed Ledger Technology (DLT) regulations, making headlines worldwide.
Gibraltar’s DLT regulations, based on 9 core principals, marked a significant milestone for the jurisdiction and represent a turning point for the crypto industry as a whole. For observers with a keen interest in DLT, blockchain and crypto in general, it came as something of a shock, as the jurisdiction suddenly emerged as a major player – literally overnight.
Given the huge increase in popularity of raising funds via token sales, the Gibraltar Financial Services Commission later announced plans to bring token sale activity within the regulatory scope, releasing its official Policy Document on Token Regulation in March 2018, while with the actual regulations themselves will come into effect in the latter part of 2018.
Taken together, these two milestones create the foundation for a robust, regulatory framework for DLT and blockchain businesses to operate and flourish, as well being able to raise funds through the issuance of tokens in a manner that guarantees consumer welfare.
As a result, the Gibraltar FinTech industry continues to attract both major players and nimble new startups from around the world, all eager to reap the multitude of benefits this exciting jurisdiction provides, including:
- A corporate tax rate of just 10%, no capital gains, wealth, inheritance or withholding taxes, added tax incentives for High Net Worth Individuals.
- An English-speaking country with a vibrant Mediterranean lifestyle, infrastructure built to British standards, consistently strong growth and solid economic indicators.
- A business-friendly government with minimal red tape, a legal system based on English Common Law and a crypto-friendly banking system.
- A solid reputation globally, home to some of the world’s biggest brands across multiple industries including finance, insurance and online gaming.
FinTech Advice from Gibraltar’s Leading Law Firm
The Hassans’ FinTech team consists of 15 experienced fintech lawyers and allied practitioners (5 of whom are partners) plus 1 consultant, spanning a range of complementary disciplines, co-led by Partners Anthony Provasoli and Vikram Nagrani.
As a client of Hassans, you will receive our expertise on all matters related to your crypto business. In addition to regulatory advice and assistance in obtaining the DLT licence, we are able to advise on:
- Company formation and management
- Tax (relating to the corporate structure, beneficial owners and/or employees)
- Property and employment matters
- Private client
Contact us today to get the benefits of our 79 years’ experience and join the list of leading global brands using Hassans as their trusted FinTech advisors.
“We have been looking for a regulation like a DLT Licence for a while already, as it can positively impact our business. The Gibraltar Financial Services Commission did a great job with clear requirements, responsiveness and valuable feedback. Concerning the application, having Hassans as an advisor definitely makes a huge difference due to their experience in the region and industry.” – CEX
“We are in the process of applying for a DLT Licence with the Gibraltar Financial Services Commission. We are delighted to have been advised and assisted throughout this process by our Gibraltar lawyers, Hassans International Law Firm, who have been extremely professional and supportive. Our experience of the application process with the Gibraltar Financial Services Commission and dealing with Gibraltar professional service providers has been excellent so far. We are in the process of building a Gibraltar presence and, are looking forward to becoming one of the first companies to be operating in the cryptocurrency space with a Gibraltar licence that is specifically designed for cryptocurrency-related businesses.” – eToro
“We believe that a key to the long term success and growth of token sales will be to have the strongest possible consumer protection. An efficient, safe and risk based regulatory framework is therefore good for the industry. TokenMarket, as a global leading advisor with 30 token sales under its belt, is pleased that our chosen home jurisdiction Gibraltar and the Gibraltar Financial Services Commission are taking an international lead in the development of DLT regulation. Hassans International Law Firm’s comprehensive advice, combined with the well communicated guidelines and rules provided by the Gibraltar Financial Services Commission, has made for an efficient and thorough DLT license application process” – Token Market
Hassans’ status as Gibraltar’s largest law firm, and one of the leading independent firms in the world, is reflected in our client list. We advise and support a variety of clients, from young entrepreneurs and private investors to local companies and FTSE 100 multinationals.
Below are just a few examples of global brands who employ Hassans as their trusted advisors.
More Hassans FinTech Clients
In addition, our clients include the Government of Gibraltar and the Gibraltar Financial Services Commission. We work closely with all relevant authorities in drafting new legislation and ensuring Gibraltar’s continued development as a sophisticated and well regulated financial centre.