A Cryptocurrency Offshore Hedge Fund License is an emerging field with a number of blockbuster funds being opened in recent days. More than US 1 Billion in assets is under management in cryptocurrency offshore hedge funds with more investors being attracted to the rapidly developing sector. With more established investors showing interest in cryptocurrency investments, the scope of investments and funds flowing into this sector is expected to grow further.
If you want to expand beyond cryptocurrencies, the flexible nature of the license means that businesses can provide a wide range of additional services including payment services, foreign exchange, and securities dealing, financial consulting, depository agent activities, and merchant services, through a single license.
A license for a Kazakhstan Cryptocurrency Offshore Hedge Fund is issued by the Kazakhstan National Bank and the Ministry of Economy of Kazakhstan. The documentation requirements for a Kazakhstan Cryptocurrency Offshore Hedge Fund License are minimal. There are no requirements for office, staff, business references or a compliance officer. There is also no minimum paid-up capital requirement. There is a possibility of 100% foreign ownership and the Tax rate can be reduced to close to 0% through permitted structuring
The fee for an application for a license varies on a case to case basis but is considered being among the most cost-effective in the world. A license is generally granted within 6–8 weeks of submission of a fully completed application.